Email from oxus7 Apr 2011 16:44
Thank you for your email enquiry, and apologies for the slight delay in replying to your communication, but unfortunately we do not have any news that we are able pass onto you at this time.
I know it is very frustrating being a shareholder of Woburn Energy and that there has not been any news since our Interim Statement of last year. However, that does not mean that we have not been busy, and in fact, we have been diligently working on enhancing the shareholder value. It is also correct to assume that anything we say publicly will potentially be price sensitive and as such a small company with limited assets will encounter problems for us. Anything we say to you or any other shareholder, off the record, about our activities, strategy, relationship with our chief shareholder etc., could be considered price sensitive by the market. Therefore I am in the very difficult situation of wanting to keep the long suffering supporters of Woburn Energy, such as yourself, up to date, but knowing that it would only require one inappropriate statement from me to be copied onto a bulletin board and Woburn could be in big trouble with the AIM authorities.
So reluctantly, I can tell you nothing more than the Chairman stated in our Interims. You will probably remember he said that Woburn Energy was currently looking at a number of opportunities and he emphasised the desire to bring in production and high quality exploration opportunities into the company. That is still the case, and this approach has the backing of the majority shareholder, again, as stated in the Interim accounts.
Naturally, should the situation change and an announcement can be made, I will make sure it gets circulated promptly.
On behalf of
Dr John M Cubitt
Managing Director
WOBURN ENERGY PLC
16 Upper Woburn Place, London WC1H 0AF
DDI: +44 (0)207 380 4609 Tel: +44 (0)207 387 2288
Fax: +44 (0)207 380 0518 M: +44 (0)7795 424063
E: sharr.banks@woburnenergy.com Web: www.woburnenergy.com