5th Oct 2010 09:30
5 October 2010
MAPLE ENERGY PLC
("Maple" or the "Company")
Notification of Transactions
By Directors and Persons Discharging Managerial
Responsibility Shareholding
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, was notified that on October 4, 2010, Mr. Tony L. Hines, Senior Vice-President of Operations and Executive Director, sold 160,000 ordinary shares at US$0.93 (58.7p*) per share.
Following the sale of these shares, Mr. Hines has a beneficial interest in 8,742,927 ordinary shares in the Company representing 5.9% of the issued and outstanding share capital of the Company on a non-diluted basis.
(*)The exchange rate used was 1.5837, the rate at Bloomberg for US dollars/UK sterling at 16.24hrs(EST) on 4 October 2010.
For further information, please contact:
Maple Energy plc (+ 51 1 611 4000)
Rex W. Canon, Chief Executive Officer, President and Executive Director
Jefferies International Limited (+44 20 7029 8000)
Oliver Griffiths
Mirabaud Securities Ltd (+44 20 7321 2508)
Peter Krens
Rory Scott
Citigate Dewe Rogerson (+44 20 7638 9571)
George Cazenove
Kate Lehane
About Maple Energy
Maple is an integrated independent energy company, listed in London and Lima, with assets and operations in Peru engaging in numerous aspects of the energy industry, including:
·; The development of an ethanol project;
·; Exploration and production of crude oil;
·; Exploration of natural gas;
·; Refining, marketing and distribution of hydrocarbon products.
Maple was admitted to AIM on 13 July 2007 and trades under the symbol "MPLE". The company was also admitted to the Lima Stock Exchange on 21 December 2007 where it trades under the same symbol.
Operations
Maple's operations are conducted and revenues are generated through its wholly-owned subsidiaries. Maple's principal operations consist of the following:
·; Ethanol Project. Project developer and owner of an estimated US$254 million ethanol project located in the Piura Region on the northwest coast of Peru;
·; Oil Production. Operator and holder of 100% working interests in its crude-oil producing properties, Blocks 31-B, 31-D and 31-E;
·; Refining, Marketing and Distribution Operations. Operator of the Pucallpa Refinery and Sales Plant, which has capacity to refine up to (i) 3,400 barrels per day of crude oil producing Residual 5 fuel oil, (ii) 3,000 barrels per day of crude oil producing Residual 6 fuel oil or (iii) 4,100 barrels per day of natural gasolines. This plant also includes sales and distribution operations in the central Peruvian jungle, central Peruvian highlands and Lima regions;
·; Oil and Gas Exploration. Significant exploration opportunities through a:
- 100% working interest in Block 31-E, containing the San Roque and Cashiboya Deep prospects and the new shale gas opportunity; and
- 33.77% working interest in the Aguaytía Deep Prospect in Block 31-C.
Related Shares:
MPLE.L