30 April 2012
Empyrean Energy PLC
("Empyrean", "EME" or the "Company"; Ticker (EME))
EMPYREAN NOTES THE UNCONDITIONAL ON-MARKET CASH OFFER FOR EUREKA ENERGY LIMITED (ASX CODE : EKA, "EUREKA") BY AURORA OIL AND GAS LIMITED (ASX CODE : AUT, "AURORA") VALUING EUREKA AT A$107 MILLION.
Aurora launched an on market takeover offer for Eureka today at A$0.45 per share valuing Eureka at A$107 million. Both Aurora and Eureka are partners with Empyrean in the Sugarloaf Project in Texas, USA.
Commenting today, Empyrean CEO Tom Kelly said "The offer by Aurora for Eureka indicates that there is strong interest in Eagle Ford Shale assets in Texas."
For further information, please contact:
Contact:
Empyrean Energy Plc
Tom Kelly Tel: +618 93216988
Shore Capital & Corporate Limited
Anita Ghanekar Tel: +44 (0) 20 7408 4090
Edward Mansfield
This information is provided by RNS