22 Nov 2012 07:00
Mercom Oil Sands Plc (AIM: MMO)
("Mercom" or "the Company")
Statement re: Nordic Petroleum
The Board of Mercom is aware of today's statement by Mauricio Trevino Zambrano a minority holder of Mercom's ordinary shares, that he has formed a company to make a bid for Nordic Petroleum ASA and that, if he is successful, he intends to enter into negotiation with Mercom to sell it a 100% interest in the four Chard Oil Sands Leases. There is currently no arrangement or understanding between Mercom and Mr Zambrano, but the Board of Mercom find today's announcement an encouraging sign of shareholder support and will follow any developments with interest.
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