Offer for Eureka Energy Limited by Aurora Oil&Gas

RNS Number : 6478C

Empyrean Energy PLC

03 May 2012

 

Empyrean Energy PLC

("Empyrean", "EME" or the "Company"; Ticker (EME))

EMPYREAN NOTES THE RESPONSE BY EUREKA ENERGY LIMITED (ASX CODE : EKA, "EUREKA") TO THE UNCONDITIONAL ON-MARKET CASH THE OFFER BY  AURORA OIL AND GAS LIMITED (ASX CODE : AUT, "AURORA")

On 30 April 2012 Aurora launched an on market takeover offer for Eureka at A$0.45 per share valuing Eureka at A$107 million. The board of Eureka have today recommended that shareholders reject the offer as they believe it undervalues the company.

Both Aurora and Eureka are partners with Empyrean in the Sugarloaf Project in Texas, USA.

For further information, please contact:

Contact:

Empyrean Energy Plc

Tom Kelly                                                                    Tel: [phone]

Shore Capital & Corporate Limited

Anita Ghanekar                                                            Tel: [phone]

Edward Mansfield

 

END

 

 

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