Stmnt re Share Price Movement

Alkane Energy PLC
08 October 2007


Alkane Energy plc

8 October 2007

Announcement from the Board of Directors of Alkane Energy

Alkane Energy plc ('Alkane Energy') notes the movement in its share price.
Alkane Energy confirms that it has held informal talks that may or may not lead
to an offer being made for the Company. The talks are at an early stage and 
there can be no certainty that a formal offer will be forthcoming. 
Further announcements will be made in due course, as appropriate.

For further enquiries:

Brewin Dolphin Investment Banking                    0845 270 8610
Andrew Emmott

Dealing disclosure requirements

Under the provisions of Rule 8.3 of the City Code on Takeovers and Mergers
(the 'Code'), if any person is, or becomes, 'interested' (directly or 
indirectly) in 1% or more of any class of 'relevant securities' of Alkane 
Energy, all 'dealings' in any 'relevant securities' of that company (including 
by means of an option in respect of, or a derivative referenced to, any such
'relevant securities') must be publicly disclosed by no later than 3.30pm 
(London time) on the London business day following the date of the relevant
transaction.  This requirement will continue until the date on which an offer
becomes, or is declared, unconditional as to acceptances, lapses or is 
otherwise withdrawn or on which the 'offer period' otherwise ends.  If two or 
more persons act together pursuant to an agreement or understanding, whether 
formal or informal, to acquire an ' interest' in 'relevant securities' of 
Alkane Energy, they will be deemed to be a single person for the purpose of 
Rule 8.3.

Under the provisions of Rule 8.1 of the Code, all 'dealings' in 'relevant 
securities' of Alkane Energy by Alkane Energy, or by any of its respective 
'associates',must be disclosed by no later than 12 noon (London time) on the 
London business day following the date of the relevant transaction.

A disclosure table, giving details of the companies in whose 'relevant 
securities' 'dealings' should be disclosed, and the number of such securities 
in issue, can be found on the Takeover Panel's website at 
www.thetakeoverpanel.org.uk.

'Interests in securities' arise, in summary, when a person has long economic 
exposure, whether conditional or absolute, to changes in the price of 
securities.  In particular, a person will be treated as having an 'interest' 
by virtue of the ownership or control of securities, or by virtue of any option
in respect of, or derivative referenced to, securities.

Terms in quotation marks are defined in the Code, which can also be found on 
the Panel's website.  If you are in any doubt as to whether or not you are 
required to disclose a 'dealing' under Rule 8, you should consult the Panel.

Brewin Dolphin Investment Banking, which is authorised by the Financial 
Services Authority, is acting exclusively for Alkane Energy and no one else 
and will not be responsible to anyone other than Alkane Energy for providing 
the protections offered to clients of Brewin Dolphin Investment Banking or for
providing advice in relation to matters referred to herein.

ENDS



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