Cap Energy Ltd
LSE : CAPP

September 20, 2013 05:17 ET

AMENDED ISIN - INTERIM RESULTS FOR THE SIX MONTHS ENDED 30th JUNE 2013

                                                                                                     GB00BCHWWB79
                                                                                                20 September 2013
                                                       
                                              CAP ENERGY LIMITED
                                        ("Cap Energy" or the "Company")

                            INTERIM RESULTS FOR THE SIX MONTHS ENDED 30th JUNE 2013


Cap  Energy  Limited is pleased to announce its unaudited interim results for the six months  ended  30th  June
2013.

The  Company has made a loss for the period of GBP 363,724 primarily in relation to the ongoing expenditure  on
the  development of its Guinea Bissau assets and in assessing other interesting prospects in the  West  African
and sub-Saharan region.

Shareholders will be aware of the release of The Competent Persons Report on our two Guinea Bissau Leases which
evaluated our Operator's, Trace Atlantic's 2D Seismic results.  These are most encouraging and show significant
evidence  of  large-scale oil assets.  These results shall be followed up soon by further 2D and thereafter  3D
Seismic work to be carried out by early next year.

The  Board  of  Cap Energy continues to look to expand the Company's exploration activities in  West  and  sub-
Saharan  Africa and a number of potentially interesting prospects are being evaluated by the senior  management
team on which further progress will be reported as this occurs.

UNAUDITED CONSOLIDATED PROFIT AND LOSS ACCOUNT
                                                       
                                                            6 Months ended     6 Months ended         Year ended 31
                                                                   30 June            30 June              December
                                                                      2013               2012                  2012
                                                                 Unaudited          Unaudited               Audited
                                                                       GBP                GBP                   GBP
                                                                                                   
                                                                         
TURNOVER                                                                 -                  -                     -
                                                                                                     
                                                                         
Cost of sales                                                            -                  -                     -
                                                                         
GROSS PROFIT/ (LOSS)                                                     -                  -                     -
                                                                                 
Administrative expenses                                           (363,718)          (12,630)             (114,425)

Exceptional administrative credits/(expenses)                            0           (62,427)  
                                                        
                                                                  (363,718)          (75,057)             (114,425)

OPERATING (LOSS)                                                  
                                                                                                      
                                                                                                      
Profit on disposal/(amounts written off) of  investments                  -                 -                24,532
                                                                         
Gain on conversion of loan notes/creditors                                -           598,736                     -
                                                                                              
Interest payable                                                        (6)                 -                49,198
                                                          
(LOSS)/PROFIT ON ORDINARY ACTIVITIES BEFORE TAXATION              (363,724)           523,679              (40,695)
                                                          
Tax on profit on ordinary activities                                      -                 -                     -
                                                                   
(LOSS)/PROFIT ON ORDINARY ACTIVITIES AFTER TAXATION               (363,724)           523,679              (40,695)
                                                                                                      
(Loss)/Earnings per share                                         GBP(0.01)           GBP0.01             GBP(0.00)
                                                                                                      
                                                                                                                    
UNAUDITED CONSOLIDATED BALANCE SHEET                                                                                
As at 30 June 2013                                                                                                  
                                                                                                                    
                                                                                                                    
                                                              As at 30 June      As at 30 June            As at 31
                                                                       2013               2012       December June
                                                                  Unaudited          Unaudited                2012
                                                                        GBP                GBP             Audited
                                                                                                               GBP

Fixed assets                                                          
Tangible fixed assets                                                 5,317                  -             320,268
Fixed asset investments                                           1,577,067                  -                 132
                                                                  1,582,073                  -             320,400
                                                                                                    
Current assets                                                       
Debtors                                                              34,932            190,912               3,598
Cash at bank                                                          1,949                 39                  95
                                                                     36,881            190,951               3,693
                                                                                                             
Creditors falling due within one year                           (1,922,906)                  -           (364,009)
                                                                          
Net current (liabilities)/assets                                (1,886,025)            190,951           (360,316)
                                                                                  
Total assets less current liabilities                             (303,641)            190,951            (39,916)
                                                                                              
Creditors falling due after more than one year                            -                  -                   -
                                                                                      
Net (liabilities)/assets                                          (303,641)            190,951             (39,916)
                                                                                                                  
Capital and reserves  

                                                                    
Called up share capital                                             338,387            198,799             238,387
Share premium account                                             1,580,384          1,293,270           1,580,384
Profit and loss account                                         (2,222,412)        (1,301,118)         (1,858,687)
                                                                                     
                                                                                                          
Shareholders' funds                                               (303,641)            190,951            (39,916)

The consolidated interim financial information for the 6 months ended 30 June 2013 has not been audited but has
been reviewed by the Company's auditor.

The Directors of Cap Energy Limited are responsible for the contents of this announcement.

For further information please contact:

Tim Hearley, Chairman
Tel: +44 (0) 7850 390 998
Email: tim.hearley@capenergyplc.com

Lina Haidar, Chief Executive Officer
Tel: +44 (0) 20 7491 9196
Email: lina.haidar@capenergyplc.com

Corporate Adviser:
Mark Anwyl and Duncan Vasey
Peterhouse Corporate Finance Limited
Tel: +44 (0) 20 7469 0930
Email: duncan@pcorpfin.com

CAP Energy Limited
25 Dover Street
London W1S 4LX
Tel: +44 (0) 20 7491 9196
Email: info@capenergyplc.com





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