Last checked at 5 Oct 2009 14:00
Roxi Petroleum
Extension of MOU
Roxi Petroleum plc ("Roxi"), announces that it has entered into an extension to its memorandum of understanding ("MOU") with LG International Corp. ("LG"), the Korean based multinational. The original MOU was announced on 17 July 2009, and was granted to allow LG exclusive access, until 30 September 2009, to Roxi's records in relation to the Galaz assets with a view to LG acquiring Roxi's interests in those assets in full.
The extension to the MOU grants LG continued exclusive access to the records until 31 October 2009.
Further announcements will be made in due course.
5 October 2009
Enquiries:
| Roxi Petroleum plc | |
| Clive Carver, non-executive chairman | +44 207 600 1658 |
| Rob Schoonbrood, CEO | +7 727 244 0920 |
| College Hill (Financial PR) | |
| Nick Elwes/Simon Whitehead | +44 (0) 20 7457 2020 |
| Matrix Corporate Capital LLP (NOMAD and broker) | |
| Alastair Stratton / Anu Tayal | +44 203 206 7000 |