QRM.L Regulatory News (QRM)

BLUEBIRD ENERGY PLC

 (AIM: BBE)

Result of General Meeting

Bluebird Energy plc ("Bluebird Energy" or "the Company"), a hydrocarbon production, development and exploration company with established projects onshore United States of America, announces that at the General Meeting held today all resolutions were duly passed.

Further to the announcement on 28 July 2011 the Company now confirms that Open Offer valid applications have been received for 22,799,684 new Ordinary Shares from Qualifying Shareholders and Warrantholders raising approximately £227,997 (before expenses).

The Directors intend that the net proceeds of the Open Offer will be used, in conjunction with the funds raised on admission of the Company to trading on AIM ("Admission"), on the further development of the Company's oil assets and especially the producing Centurion project.

The Open Offer was primarily undertaken to afford Qualifying Shareholders and Warrantholders the opportunity to acquire further new Ordinary Shares at the same price as the Admission placing price. The working capital statement given by the directors in the admission document published in connection with Admission was based on the net proceeds of the placing conducted in connection with Admission, and accordingly the directors are of the opinion that the funds raised pursuant to the Open Offer are supplemental to the Group's present working capital requirements (that is, for at least the next 12 months from the date of Admission).

The following directors have participated in the Open Offer:

Application for these shares to be admitted to trading on AIM has been made and admission is expected to occur on 2 August 2011. The new Ordinary Shares will rank pari passu with the existing Ordinary Shares in issue.

In accordance with the provisions of the Disclosure and Transparency Rules of the Financial Services Authority, the Company confirms that, following this issue, its issued share capital will comprise 498,396,408 Ordinary Shares of 0.25p each. All of the Ordinary Shares have equal voting rights and none of the Ordinary Shares are held in Treasury. The total number of voting rights in the Company is therefore 498,396,408.

This announcement should be read in conjunction with the full text of the Circular posted to Shareholders on 6 July 2011, copies of which are available on the Company's website at www.bluebirdenergy.net. Capitalised terms in this announcement (unless otherwise defined) have the same meaning as given in the Circular.