26th Nov 2007 10:31
Maple Energy plc26 November 2007 26 November 2007 MAPLE ENERGY PLC ('Maple Energy' or the 'Company') Notification of Transactions by Persons Discharging Managerial Responsibility Maple Energy was notified on 23 November that Mr. Raymond Cochard, ChiefFinancial Officer, had purchased 25,000 ordinary shares at an average price of86 pence per share between 15 November 2007 and 23 November 2007. Mr. Cochard has a beneficial interest in 180,160 ordinary shares in the companyrepresenting 0.207 per cent. of the issued share capital of the Company. 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 Canaccord Adams Limited (+44 20 7050 6500) Clayton Bush Adam Janikowski Citigate Dewe Rogerson (+44 20 7638 9571) Media enquiries: Martin Jackson/George Cazenove Analyst enquiries: Scott Fulton About Maple Energy Maple is an integrated independent energy company with assets and operations inPeru engaging in numerous aspects of the energy industry, including: (S) Exploration and production of crude oil, natural gas and natural gasliquids (S) Refining, marketing and distribution of hydrocarbon products (S) Gas-fired power generation and power transmission (S) The development of an ethanol project. The company was admitted to AIM on 13 July 2007 and trades under the symbol"MPLE". 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 14.3% effective economic interest. Maple's principal operations consist of the following: (S) Crude Oil Production. Operator and holder of 100% working interestsin its crude-oil producing properties, Blocks 31-B and 31-D (S) Refining, Marketing and Distribution Operations. Operator of thePucallpa Refinery and Sales Plant, which has capacity to refine up to (i) 3,400bpd of crude oil producing Residual 5 fuel oil, (ii) 3,000 bpd of crude oilproducing Residual 6 fuel oil or (iii) 4,100 bpd of natural gasolines. Thisplant also includes sales and distribution operations in the central Peruvianjungle, central Peruvian highlands and Lima regions (S) Aguaytia Energy Interest. Operator of Aguaytia Energy, LLC's gasassets and holder of an approximate 14.3% 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 (''LPG'') and natural gasolines (S) Crude Oil Development. Operator and holder of a 100% workinginterest in the Pacaya Field in Block 31-E, which Maple intends to reactivate,as well as the development of up to 31 additional wells in Blocks 31-B and 31-D (S) Ethanol Project. Project developer and major shareholder in anestimated $192.5 million ethanol project located in the Piura Region on thenorthwest coast of Peru (S) Oil and Gas Exploration. Significant exploration opportunitiesthrough: • a 100% working interest in Block 31-E, containing the Santa Rosa, San Roqueand Cashiboya Deep prospects and • a significant working interest in the Aguaytia Deep Prospect in Block 31-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 (bbl) 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 (mbbl) 90,702 518,472 1,127,085Gas (MMCF) 473 105,978 225,397 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
MPLE.L