3 May 2012 07:47
Empyrean Energy PLC
("Empyrean", "EME" or the "Company"; Ticker (EME))
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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")
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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.
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Both Aurora and Eureka are partners with Empyrean in the Sugarloaf Project in Texas, USA.
For further information, please contact:
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Contact:
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Empyrean Energy Plc
Tom Kelly Tel: +618 93216988
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Shore Capital & Corporate Limited
Anita Ghanekar Tel: +44 (0) 20 7408 4090
Edward Mansfield
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