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Centurion Interest Disposal

10 Oct 2011 07:00

RNS Number : 8272P
Bluebird Energy PLC
10 October 2011
 



BLUEBIRD ENERGY PLC

(AIM: BBE)

 

Centurion Interest Disposal

 

Bluebird Energy plc ("Bluebird Energy" or "the Company") announces that it has closed the approved disposal of the Company's working interest in the Centurion project as per the terms of the disposal agreement contained in the general meeting circular dated 16 September 2011.

 

The Company confirms that it has received gross proceeds of US$3.1m for the Centurion interest disposal.

 

As at 7 October 2011 in addition to its remaining assets held in the US, the combined value of the Company's cash balance and 11.28 per cent. investment in Wessex Exploration PLC was approximately $9.6m, of which $4.5m is represented by cash.

 

Contacts

Bluebird Energy plc

www.bluebirdenergy.net

David Bramhill - Executive Chairman

+44 (0) 778 716 0682

Andy Yeo - Chief Executive Officer

+44 (0) 20 3586 1263

WH Ireland Limited

www.wh-ireland.co.uk

John Wakefield/Marc Davies

+44 (0) 117 945 3470

Yellow Jersey PR Limited

Dominic Barretto

+44 (0) 776 853 7739

www.yellowjerseypr.com

 

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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12

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