5 Sep 2012 07:00
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Spitfire Oil Limited
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Grant of Retention Licence
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5th September 2012.
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Spitfire Oil Limited ("Spitfire") is extremely pleased to report that its wholly owned subsidiary, Spitfire Oil Pty Limited, has been granted a retention licence over its Salmon Gums lignite deposit (the "Deposit") near Salmon Gums, Western Australia. The retention licence has been granted for a renewable five year period. Under the terms of the retention licence, there are no minimum expenditure commitments required to be made over the Deposit.
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Further information
Spitfire Oil Limited
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Mladen Ninkov - Chairman
Roger Goodwin - Director Telephone: +44(0)20 7629 7774
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Panmure Gordon (UK) Limited Telephone: +44 (0)20 7886 2500
Dominic Morley
Hannah Woodley
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Spitfire Oil Limited's shares are quoted on the Alternative Investment Market (AIM) of the London Stock Exchange (symbol SRO)
The Company's news releases are available on the Company's web site: www.spitfireoil.com