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Updated Corporate Presentation

15th Aug 2011 07:00

RNS Number : 3233M
Maple Energy plc
15 August 2011
 



 15 August 2011

MAPLE ENERGY PLC

("Maple" or the "Company")

 

Updated Corporate Presentation

 

Maple Energy plc (AIM: MPLE; LIMA: MPLE), an integrated energy company with assets in Peru, is pleased to announce that an updated version of its corporate presentation focused on its Ethanol Project is now available on its website (www.maple-energy.com/Inv_Presentations.aspx).

 

The Company is pleased to report that as of 30 June 2011, approximately US$214 million have been spent on the development and construction of the Ethanol Project and that completion remains on track with commercial operations expected to commence during the fourth quarter of 2011.

 

 

For further information, please contact:

 

Maple Energy plc (+ 51 1 611 4000)

Rex W. Canon, Chief Executive Officer, President, and Executive Director

 

Jefferies International Limited (+44 20 7029 8000)

Thomas Rider

 

Citigate Dewe Rogerson (+44 20 7638 9571)

Martin Jackson

Kate Lehane

 

About Maple Energy and its subsidiaries

Maple is an integrated independent energy company, listed in London and Lima, with subsidiary assets and operations in Peru engaging in numerous aspects of the energy industry, including:

 

·; The development of an ethanol project;

·; Exploration and production of crude oil and natural gas; and

·; Refining, marketing, and distribution of hydrocarbon products.

 

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 majority-owned subsidiaries. Principal operations consist of the following:

 

·; Ethanol Project. Project developer and owner of an estimated US$254 million ethanol project located in the Piura Region on the North coast of Peru;

·; 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;

·; Oil and Gas Exploration. Significant exploration opportunities through a:

- 100% working interest in Block 31-E, containing the new shale gas opportunity; and

- 33.77% working interest in the Aguaytia Deep Prospect in Block 31-C

 

 

 

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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