17th Jan 2008 07:12
Roxi Petroleum Plc17 January 2008 Roxi Petroleum plc("Roxi" or "the Company") Corporate Update The Company is pleased to announce that the work required to complete on theproposed acquisition of Eragon Petroleum plc is nearing completion. The required regulatory approvals for the Eragon acquisition have been receivedfrom the Kazakh authorities. The Existing Ordinary Shares of the Company willresume trading on publication of the Admission Document which the Directorsexpect to take place later this month. Subject to shareholder approval, theshares to be issued in connection with the proposed Eragon acquisition will beadmitted to trading following an Extraordinary General meeting which theDirectors expect to be convened in February. Rob Schoonbrood, CEO of Roxi Petroleum commented, "We look forward to completing the acquisition of Eragon and the readmission ofthe Company's shares. The faith shown in our acquisitive strategy by our Kazakhpartners is extremely heartening - we look forward to repaying that trust as wecontinue to develop our portfolio of assets." 17 January 2008 Enquiries: Roxi Petroleum PlcClive Carver Tel: +44 (0) 20 3159 5315 College Hill AssociatesPaddy Blewer / Nick Elwes Tel: +44(0) 207 457 2020 W H Ireland LtdJames Joyce/David Porter Tel: +44(0) 207 220 1666 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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