14th Oct 2008 16:21
14 October 2008
MAPLE ENERGY PLC
("Maple" or the "Company")
Maple Announces Exercise of Options
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, announces that options over ordinary shares of US$0.01 each in the share capital of the Company under the Maple Energy plc Share Option Plan 2007, were exercised on 13 October 2008 by Alfonso Morante (Treasurer).
Details of the options exercised are as follows:
|
Number of options |
Exercise price |
|
36,386 |
100.8p |
Following the exercise of these options, Mr Morante has a beneficial interest in 36,386 ordinary shares in the Company representing 0.04% of the issued and outstanding share capital of the Company on a non diluted basis.
Following the exercise of these options, the Company's issued and outstanding ordinary share capital is increased to 89,217,054.
For further information, please contact:
Maple Energy plc (+ 51 1 611 4000)
Jack W. Hanks, Chairman of the Board and Executive Director
Rex W. Canon, Chief Executive Officer, President and Executive Director
Mirabaud Securities Ltd (+44 20 7321 2508)
Peter Krens
Rory Scott
Canaccord Adams Limited (+44 20 7050 6500)
Neil Johnson
Jeffrey Auld
Bhavesh Patel
Citigate Dewe Rogerson (+44 20 7638 9571)
Media enquiries: Martin Jackson
Analyst enquiries: George Cazenove
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:
Exploration and production of crude oil, natural gas and natural gas liquids
Refining, marketing and distribution of hydrocarbon products
Gas-fired power generation and power transmission
The development of an ethanol project
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 and equity interest in Aguaytía Energy, LLC, a joint venture in which Maple owns an approximate 17.5% effective economic interest. Maple's principal operations consist of the following:
Crude Oil Development. Maple intends to develop up to 31 additional wells in Blocks 31-B and 31-D
100% working interest in Block 31-E, containing the Santa Rosa, San Roque and Cashiboya Deep prospects and
significant working interest in the Aguaytía Deep Prospect in Block 31-C
Related Shares:
MPLE.L