Coiled Thera Regulatory News (COIL)

11 Nov 2005 15:32

Cambrian Oil & Gas PLC11 November 2005 11 November 2005 TIDM: COIL CAMBRIAN OIL & GAS PLC ("COIL" or "the Company") Annual General Meeting Statement Neale Taylor, CEO of Cambrian Oil & Gas Plc, said at today's AGM: "Since listing on AIM, your Company has achieved considerable progress and iswell positioned for significant growth in 2006." "Water injection has commenced at the the Beshkent-Togap field to improve oilrecovery and is expected to provide first revenues in early 2006. Encouraginggeochemical survey results were obtained over our Tash Kumyr explorationlicence. 2D seismic data is now being acquired over this licence to define alocation for drilling in the summer of 2006." "Additional exploration acreage has been acquired in the Kyrgyz Republicfeaturing a large anticline expressed at the surface. A stake was acquired inElko Energy Inc, an unlisted Canadian company, which has a 5,000 sq km offshoreexploration licence in the Danish North Sea and is pursuing furtheropportunities." "We look forward to advancing our position in the Kyrgyz Republic and adding anumber of projects in new areas." All resolutions proposed at the AGM held today were duly adopted. Ends Enquiries: Cambrian Oil & Gas Plc WH Ireland Parkgreen CommunicationsNeale Taylor, CEO Katy Birkin Victoria Thomas+44 (0) 20 7409 0890 +44 (0) 121 616 2101 +44 (0) 20 7493 3713 This information is provided by RNS The company news service from the London Stock Exchange