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Director/PDMR Shareholding

5th Oct 2010 09:30

RNS Number : 8637T
Maple Energy plc
05 October 2010
 



 

 

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.

 

 

 

 

 

 

 

 

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