2nd Oct 2008 07:00
2 October 2008
ROC OIL COMPANY LIMITED ("ROC")
STOCK EXCHANGE RELEASE
NEXUS ENERGY LIMITED ('NEXUS") ACCEPTS ROC TAKEOVER OFFER FOR ANZON AUSTRALIA LIMITED ("AZA")
Following the announcement yesterday by Nexus that it intended to accept ROC's takeover over for AZA, ROC has now received acceptances from Nexus in respect of its holding of 71.3 million shares (19.2%) in AZA.
ROC and its associates now have a relevant interest of 89.64% and, assuming it obtains a relevant interest of more than 90% in the next few days, intends to close the takeover offer at 7.00pm (AEST) on Monday 6 October 2008.
Commenting on Nexus' acceptance of the takeover offer, ROC's Chief Executive Officer, Bruce Clement, stated:
"This is clearly a positive outcome for ROC and AZA shareholders. As Operator, ROC is focused on delivering the Basker Manta Gummy Development Project in 2010, which is forecast to increase ROC's production by over 100% to in excess of 20,000 BOEPD."
Matthew Gerber
Manager
Investor Relations & External Affairs
For further information please contact:
Bruce Clement
Chief Executive Officer
Tel: +61 -2- 8356 2000
Fax: +61-2-9380-2066
Email: [email protected]
Or visit ROC's website: www.rocoil.com.au
Dr Kevin Hird
General Manager - Business Development
Tel: +44 (0)20 7495 5707/+61 (0)2 8356 2000
Mob: +44 (0)7751 3671 49/+61 (0)417 261 727
Email: [email protected]
Michael Shaw
Oriel Securities Limited (Nominated Adviser)
Tel: +44 (0)20 7710 7600
Bobby Morse
Buchanan Communications
Tel: + 44 (0)20 7466 5000
Fax: + 44 (0)20 7466 5001
E-Mail: [email protected]
Mob: +44 (0)7802 875 227
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