Cap Energy Ltd

June 29, 2009 02:00 ET

Investor Update



                                              CAP ENERGY LIMITED
                                                (the "Company")
                                                Investor Update

On  15 May 2009, the Company announced that publication of the Company's audited accounts for the year ended 31
December 2008 would be delayed and that the Company's results would be announced by the end of June 2009.

However,  in  order  for the Company's auditors to report on the Company's accounts without qualification,  the
Company needs to raise additional finance. Unfortunately, market conditions have continued to hinder completion
of  the  Company's  previously announced fund raising and the Company has therefore  not  been  able  to  raise
sufficient funds for its auditors to report without qualification before the end of June 2009.

The  fund  raising, which is intended to finance part of the consideration due to the vendors of CSV  Holdings,
Inc.  and  also  to  provide additional working capital for the development of the Company's Stark's  Dome  and
Iberia  Dome  projects, is proceeding satisfactorily, although more slowly than anticipated due to the  current
economic  climate.  The  Directors of the Company hope to be able to announce progress shortly  and  a  further
announcement will be made when appropriate.

The Directors of the Issuer accept responsibility for this announcement.
Cap Energy Limited
John Killer
Tel: 07979 903673

St Helen's Capital Plc
Duncan Vasey/Mark Anwyl
Tel: 020 7628 5582

Contact Information

  • Cap Energy Ltd