Inactive Instrument

Andalas Energy and Power PLC London S.E.

Equities

Oil & Gas Exploration and Production

CEB Resources : Sale of Interest in Balamara Resources Limited

April 01, 2015 at 04:08 am EDT

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1 April 2015

CEB Resources plc

("CEB" or the "Company")

Sale of Interest in Balamara Resources Limited

CEB Resources plc (AIM: CEB), the mining projects investment company, announces that it has sold the remaining 9,770,000 ordinary shares it held in ASX-listed Balamara Resources Limited ("Balmara") for an aggregate consideration of AUD $178,108.23 (at the date of this announcement approximately GBP 91,497). The Balamara shares were received as consideration for the sale of the Mariola coal project.

For further information:

CEB Resources Plc
Cameron Pearce / Jeremy King	01624 681 1250

Sanlam Securities UK Limited
Lindsay Mair / Andrew Wagstaff	020 7628 2200

Peterhouse Corporate Finance Limited
Lucy Williams / Charles Goodfellow	020 7469 0930

This information is provided by RNS

The company news service from the London Stock Exchange

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Company Profile

Beacon Energy plc is a United Kingdom-based international upstream oil and gas company. The Company acquired Rhein Petroleum GmbH, which has various drill-ready prospects within the asset areas. The transaction acquisition delivered a full-cycle portfolio of production, development, appraisal and exploration assets located onshore Germany. It holds a 100% interest in the Schwarzbach Production License, covering approximately 8.8 square kilometers (km2) in the Schwarzbach license, which sits in the German state of Hessen. It holds a 50% non-operating interest in the Lauben license covering 6.7 km2 in the German state of Bayern. The license is operated by ONEO, and is located in the Molasse Basin of southern Germany, around 200 kilometers (km) southeast of the Rhein Graben assets. The Steig discovery sits in the Graben-Neudorf license in the German state of Baden-Wurttemberg. The Graben discovery sits in the Karlsruhe-Leopoldshafen license in the German state of Baden-Wurttemberg.

Sector

Oil & Gas Exploration and Production

Calendar

2024-10-31 - Q4 2024 Earnings Release (Projected)

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