REG - UMC Energy PLC - Company Presentation

Thu Jun 14, 2012 8:00am EDT

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RNS Number : 3904F
UMC Energy PLC
14 June 2012
 



14 June 2012

 

UMC Energy PLC

("UMC Energy" or the "Company")

 

Company Presentation

 

UMC Energy is pleased to announce that a presentation relating to its Papua New Guinea Petroleum Project will shortly be available for download from the Company's website at www.umc-energy.com. The presentation includes further detail in relation to its Petroleum Prospecting Licences ("PPLs") 374, 375, 378 and information on PPL 405, the award of which was announced on 9 May 2012, including details of the proposed work programme for PPL 405 for which exploration expenditure in years 1 and 2 is estimated to total approximately US$2.4 million. As is the case with PPLs 374,375 and 378, all such expenditure in relation to this exploration work is to be funded by CNOOC and repaid out of future production revenues, should such production occur.

 

-ENDS-

For further information:

Enquiries:

 

 Chrisilios Kyriakou, Chairman

UMC Energy Plc

Telephone:                        +44(0) 20 7290 3102

 

Angela Hallett/ James Spinney

Strand Hanson Limited

Telephone:                        +44 (0) 20 7409 3494

 

Philip Haydn-Slater/Paul Dudley

HD Capital Partners LLP

Telephone:                        +44 (0) 20 3551 4870

 


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