CAP Energy Plc
LSE : CAPP

July 02, 2014 06:30 ET

Result of Annual General Meeting

                                                                                                  2 July 2014
                                                                                                 GB00BCHWWB79
                                              CAP ENERGY PLC
                                      ("Cap Energy" or the "Company")
                                                     
                                          Annual General Meeting

At  the Annual General Meeting of Cap Energy held earlier today, Tim Hearley, Chairman of the Company, made
the following statement:

"I  am  pleased  to report that Cap Energy has continued to develop its portfolio with the  acquisition  in
February this year of a substantial interest in Block Djiffere, offshore Senegal.

Not  only  has  this given us a third asset where we partner Rex International and get the benefit  of  its
proprietary  exploration  technology, but it has allowed us to spread both the  political  and  exploration
risks of the portfolio.

Following consultation with various advisers, the Board of Cap Energy now believes that the Company has the
right profile to enable a successful move to AIM.  It has therefore put into motion the necessary processes
and procedures to make the move to AIM as soon as is feasible.

Shareholders will be kept informed of further developments."

All the resolutions proposed at the Annual General Meeting were duly passed.

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

For further information please contact:

Cap Energy PLC
Chanelle George, Investor Relations
Tel: +33 616 65 1154
Email: chanelle.george@capenergyplc.com

Martin Groak, CFO
Tel: +44 (0) 207 491 9196
Email: martin.groak@capenergyplc.com

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

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


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  • CAP Energy Plc