Empyrean Energy PLC
("Empyrean", "EME" or the "Company"; Ticker (EME))
EMPYREAN NOTES THE RESPONSE BY EUREKA ENERGY LIMITED (ASX CODE : EKA, "EUREKA") TO THE UNCONDITIONAL ON-MARKET CASH THE OFFER BY AURORA OIL AND GAS LIMITED (ASX CODE : AUT, "AURORA")
On 30 April 2012 Aurora launched an on market takeover offer for Eureka at A$0.45 per share valuing Eureka at A$107 million. The board of Eureka have today recommended that shareholders reject the offer as they believe it undervalues the company.
Both Aurora and Eureka are partners with Empyrean in the Sugarloaf Project in Texas, USA.
For further information, please contact:
Contact:
Empyrean Energy Plc
Tom Kelly Tel: +618 93216988
Shore Capital & Corporate Limited
Anita Ghanekar Tel: +44 (0) 20 7408 4090
Edward Mansfield