Cap Energy Ltd

August 18, 2011 05:00 ET

Suspension of Trading

                                                                              18 August 2011

                                     CAP ENERGY LIMITED
                                  ("CAP" or the "Company")

                                    Suspension of Trading
The  Company reported its unaudited final results for the year ended 31 December 2010  on  1
June  2011.  The Company has not yet received certain information requested by it  from  CSV
Holdings, Inc, which is responsible for the management of CAP's oil interests, and therefore
CAP are still unable to announce the audited results for this period.

Ongoing  operational issues have meant that the Company's oil interests have  not  generated
the revenues expected and the Company has been unable to secure alternative funding.

The  Directors of CAP have therefore requested that trading in the Company's ordinary shares
be suspended pending clarification of the Company's financial position.

The  Company is currently holding discussions with several parties which may or may not lead
to  a  transaction  involving  the Company. The Directors will  update  the  market  on  any
developments in due course.

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

Contact details:

John Killer, Managing Director
Cap Energy Limited
Tel: 07979 903673

Corporate Advisers:
St Helens Capital Partners LLP
Duncan Vasey or Mark Anwyl
Tel: 020 7368 6959

Contact Information

  • Cap Energy Ltd