CAP Energy Plc
LSE : CAPP

November 11, 2014 02:00 ET

Commencement of 3D Seismic Survey in Block 5B, Guinea-Bissau

                                                                                                            
                                                                                            11 November 2014
                                                                                                GB00BCHWWB79
                                                                                                            
                                                                                                            
                                               CAP ENERGY PLC
                                          ("Cap" or the "Company")
                                                      
                        Commencement of 3D Seismic Survey in Block 5B, Guinea-Bissau

Cap  Energy  Plc,  a company listed on the ISDX Growth Market focused on the exploration and  production  of
hydrocarbons in sub-Saharan Africa, is pleased to report that a 3D seismic survey on the Company's Block 5B,
offshore Guinea-Bissau, commenced on 4 November 2014.

The contract was awarded to Polarcus Limited ("Polarcus") and will cover an area of circa 2,673 km2 over the
Block. The survey is expected to take approximately two months to complete, after which the results will  be
processed and interpreted.

The  3D  survey  is  expected  to further delineate the leads and prospects identified  by  the  2D  seismic
campaigns conducted in 2011 and 2013 and the subsequent Rex Virtual Drilling ("RVD") analysis carried out by
Trace  Atlantic  Oil  Limited ("TAOL"), the parent company of the operator of  the  block.  TAOL  holds  the
exclusive license rights to use RVD in West Africa.

Cap  Energy,  through  its affiliate Sphere Petroleum Corporation (BVI), holds two blocks  offshore  Guinea-
Bissau:  Block  5B  (Becuda)  with partners TAOL Guinea Bissau (Becuda) 58.5% (operator)  and  national  oil
company  Petroguin 10%; and Block 1 (Corvina) with partners TAOL Guinea Bissau (Corvina) 52% (operator)  and
national oil company Petroguin 20%.

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

For further information please contact:

Chanelle George, Investor Relations
Tel: +44 (0)20 7491 9196
Email: chanelle.george@capenergyplc.com

CAP Energy Plc
20 Berkeley Square
London W1J 6EQ
Tel: +44 (0)20 7491 9196
Email: info@capenergyplc.com

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






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