1st Jul 2009 07:00
1 July 2009
MAPLE ENERGY PLC
("Maple" or the "Company")
Maple Energy announces the launch of MapleTV
Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, is pleased to announce the launch of MapleTV, an additional resource providing information on the Company and its operations, at its website www.maple-energy.com
MapleTV will provide a description of the Company, its core business operations and future prospects. The video clips also include segments on the financial management of the Company and the outlook for Maple, and are narrated by members of the Company's senior management team. Following this initial launch of MapleTV, the Company intends to update the information presented from time to time as material developments occur.
Rex Canon, CEO of Maple Energy, commented today:
"I am very pleased to announce the launch of MapleTV, which will give our investors an opportunity to see our operations and listen to the views of management."
"We are very conscious that we operate a long way from the location of our primary listing and of our obligation to give as much information as possible to shareholders. I hope, therefore, that these short films will add significantly to the information already in the public domain and give our investors, both current and potential, a real sense of Maple's operations and the way we approach our work."
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
Citigate Dewe Rogerson (+44 20 7638 9571)
Martin Jackson
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 and natural gas
- Refining, marketing and distribution of hydrocarbon products
- 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. Maple's principal operations consist of the following:
- Crude 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;
- Crude Oil Development. Maple intends to develop additional wells in Blocks 31-B and 31-D;
- Ethanol Project. Project developer and major shareholder in an estimated US$ 222 million (excluding value-
added taxes) ethanol project located in the Piura Region on the northwest coast of Peru;
- Oil and Gas Exploration. Significant exploration opportunities through a:
- 100% working interest in Block 31-E, containing the Santa Rosa, San Roque and Cashiboya Deep
prospects; and
- 33.77% working interest in the Aguaytía Deep Prospect in Block 31-C.
Forward-Looking Statements
Statements contained in this document, particularly those regarding possible, projected, or assumed future performance and results, including growth outlook, forecasted economics, operations, production, contracting, costs, prices, earnings, returns, and potential growth, are or may include forward-looking statements. Such statements relate to future events and expectations and as such involve known and unknown risks and uncertainties. These risks and uncertainties include, among other things, market conditions, weather risks, economic and political risks, and other factors discussed in Maple's Admission Document available on the Company's website (www.maple-energy.com). Forward-looking statements are not guarantees of future performance or an assurance that Maple's current assumptions and projections are valid. Actual results, actions, and developments may differ materially from those expressed or implied by those forward-looking statements depending on a variety of factors. Furthermore, any forward -looking statements presented are expressed in good faith and are believed to have a reasonable basis as of the date of this release. These forward-looking statements speak only as at the date of this release, and Maple does not assume any obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise.
Related Shares:
MPLE.L