Information  X 
Enter a valid email address

Taghmen Energy PLC (PELE)

  Print      Mail a friend

Friday 13 January, 2006

Taghmen Energy PLC

Placement of Shares

Taghmen Energy PLC
13 January 2006



                               TAGHMEN ENERGY Plc
                             www.taghmenenergy.com

                              PLACEMENT OF SHARES

Taghmen Energy Plc ('Taghmen' or the 'Company') an independent oil and gas
exploration, development and production company, focused on Latin America, has
raised US$1million through a placement of 1,106,194 new ordinary 10c shares.
The commitment from Millennium, an existing shareholder, was made a week ago and
closed on January 10th at 52 pence per share

The sale of shares will be used to support the Company's working capital
requirements and continuing operations at Las Casas.


13th January 2006


For further information, please contact:

Taghmen Energy                  Nicholas Gay,       Nicholasgay@taghmenenergy.com          +44(0)2072974360
www.taghmenenergy.com           President & CEO

Pelham Public Relations         James Henderson     James.henderson@pelhampr.com           +44(0)2077436673
                                Charles Vivian      Charles.vivian@pelhampr.com            +44(0)2077436672


Notes to Editors

Taghmen listed on AIM in January 2005. Its current oil and gas assets in
Guatemala comprise the Las Casas 6-93 concession covering 130,186 hectares in
the Peten Basin of Guatemala which, based on a recent independent evaluation, is
estimated to contain potential gross reserves of approximately 29.6 million
barrels.

Additionally Taghmen was awarded Licence A7-2005 (Tortugas/Atzam) in September
2005. This licence has a 25 year contract consisting of a 6 year exploration
licence convertible to an exploitation licence at Taghmen's option. The size of
the acreage is approximately 77,718 acres and is located in the north-western
corner of Guatemala.






                      This information is provided by RNS
            The company news service from the London Stock Exchange