22nd Apr 2008 11:24
Maple Energy plc22 April 2008 22 April 2008 MAPLE ENERGY PLC ("Maple" or the "Company") PRESENTATION AT THE NYMEX 2008 ETHANOL MARKET CONFERENCE Maple Energy plc (AIM: MPLE; LIMA: MPLE) announces today that Nabil Katabi,Manager of Project Development, will speak at the New York Mercantile Exchange'sethanol conference entitled "Ethanol: The 2008 Market Dynamics" on 23 April 2008at the NYMEX in New York. The presentation materials may be accessed from Maple Energy's website at www.maple-energy.com on Wednesday 23 April 2008. For further information, please contact: Maple Energy plc (+ 51 1 611 4000)Jack W. Hanks, Chairman of the Board and Executive DirectorRex W. Canon, Chief Executive Officer, President and Executive Director Canaccord Adams Limited (+44 20 7050 6500)Neil JohnsonJeff AuldBhavesh Patel Citigate Dewe Rogerson (+44 20 7638 9571)Media enquiries: Martin Jackson/George CazenoveAnalyst enquiries: Scott Fulton 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 energyindustry, 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 2007where it trades under the same symbol. Operations Maple's operations are conducted and revenues are generated through itswholly-owned subsidiaries and equity interest in Aguaytia Energy, LLC, a jointventure in which Maple owns an approximate 17.5% effective economic interest.Maple's principal operations consist of the following: • Crude Oil Production. Operator and holder of 100% working interestsin its crude-oil producing properties, Blocks 31-B (Maquia), 31-D (AguaCaliente) and 31-E (Pacaya). • Refining, Marketing and Distribution Operations. Operator of thePucallpa Refinery and Sales Plant, which has capacity to refine up to (i) 3,400barrels per day of crude oil producing Residual 5 fuel oil, (ii) 3,000 barrelsper day of crude oil producing Residual 6 fuel oil or (iii) 4,100 barrels perday of natural gasolines. This plant also includes sales and distributionoperations in the central Peruvian jungle, central Peruvian highlands and Limaregions • Aguaytia Energy Interest. Operator of Aguaytia Energy, LLC's gasassets and holder of an approximate 17.5% effective economic interest inAguaytia Energy, LLC, an integrated energy company engaged in the production ofBlock 31-C, gas-fired power generation, power transmission, gas processing,natural gas liquids fractionation, gas and liquids transportation and themarketing of liquid petroleum gas and natural gasolines • Crude Oil Development. Operator and holder of a 100% workinginterest in the Pacaya Field in Block 31-E which is currently being reactivated.Maple also intends to develop up to 31 additional wells in Blocks 31-B and 31-D • Ethanol Project. Project developer and major shareholder in anestimated US$192.5 million ethanol project located in the Piura Region on thenorthwest coast of Peru • Oil and Gas Exploration. Significant exploration opportunitiesthrough a: - 100% working interest in Block 31-E, containing the Santa Rosa, SanRoque and Cashiboya Deep prospects and - significant working interest in the Aguaytia Deep Prospect in Block31-C Reserves and Resources The following table gives a summary of Maple's estimated reserves, on a netattributable basis, as at 31 December 2006. Total Reserves Proved Proven and Probable Proved, Probable and PossibleOil and Liquids (barrels) 4,081,471 6,009,240 7,676,649Gas (MMCF) 38,800 45,000 49,000 The following table sets forth a summary of Maple's estimated prospectiveresources, on a net attributable basis, as at 31 December 2006. Total Resources Low Estimate Best Estimate High EstimateOil and Liquids (thousand 90,702 518,472 1,127,085barrels)Gas (MMCF) 473 105,978 225,397 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MPLE.L