Stocks and Investing
Stocks and Investing
Mon, April 8, 2013
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Sun, April 7, 2013
April 08, 2013 02:00 ET
Completion of Guinea Bissau Acquisition
8 April 2013 GB00B7KFPB91/GBP/PLUS-exn CAP ENERGY LIMITED ("Cap" or the "Company") Completion of Guinea Bissau Acquisition Further to the announcement of 7 March 2013, Cap Energy Limited, a company listed on the ISDX Growth Market focused on upstream oil and gas exploration in sub-Saharan Africa, is pleased to announce that it has completed its acquisition of a majority shareholding in Sphere Petroleum Corporation (BVI) ("Sphere BVI"), a company which holds interests in two offshore Guinea Bissau oil and gas exploration licences. The additional consideration of USD0.5 million payable on completion has been satisfied by CAP in cash from its existing resources. The Directors of Cap Energy Limited are responsible for the contents of this announcement. For further information please contact: Tim Hearley, Chairman Tel: +44 (0) 7850 390998 Email: [ tim.hearley@capenergyplc.com ] Lina Haidar, Chief Executive Officer Tel: +44 (0) 20 7491 9196 Email: [ lina.haidar@capenergyplc.com ] Corporate Adviser: Peterhouse Corporate Finance Limited Mark Anwyl and Duncan Vasey Tel: +44 (0) 20 7469 0930 Email: [ duncan@pcorpfin.com ] Public Relations: Ian Proud Associates Ian Proud Tel: + 44 (0) 7956 909418 Email:[ ianproud@IP-Associates.demon.co.uk ] CAP Energy Limited 25 Dover Street London W1S 4LX Tel: +44 (0) 20 7491 9196 Email: [ info@capenergyplc.com ]
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