1 Nov 2010 17:00
Not for release, publication or distribution in whole or in part in or into the United States, Canada, Australia, the Republic of South Africa or Japan or any other jurisdiction where it is unlawful to do so.
01 November 2010
Sirius Petroleum plc
("Sirius" or the "Company")
Result of General Meeting
The Board is pleased to announce that all resolutions proposed at the general meeting of the Company ("General Meeting"), held on Friday 29 October 2010, as set out in the notice of General Meeting sent to shareholders on Wednesday 13 October 2010, were duly approved.
The Board is also pleased to announce that the DPR has granted Del Sigma, the indigenous partner of the Company, permission to re-enter the Ke-1 well, notwithstanding the Renewal of the license being outstanding. Based on the DPR's statement that no marginal fields will be included in the next bid round and upon the permission to re-enter the Ke-1 well, the Board is confident that the Renewal will be granted in the near future. The Company's trading facility on AIM will remain suspended until the Renewal is obtained, provided this is on or before 31 December 2010.
Toby Hayward commented, "The Company is working in close association with the Department of Petroleum Resources of Nigeria and the Honourable Minister of Petroleum for Nigeria to ensure timely approval of the Renewal. The Company will release an update announcement in due course."
Capitalised terms in this announcement are defined within the admission document, unless the context requires otherwise.
**ENDS**
Enquiries:
Sirius Petroleum plc www.siriuspetroleum.com Toby Hayward / Mike Hirschfield / Olukayode Kuti
| +44 (0) 20 7451 9800 |
Strand Hanson Limited (Nominated Adviser) James Harris / James Spinney / Rory Chichester
| +44 (0) 20 7409 3494 |
Renaissance Capital (Sole Bookrunner and Broker) Ed Johnson / Simon Matthews
| +44 (0) 20 7367 7777 |
Hansard Communications (Public Relations) John Bick / Justine James
| +44 (0) 20 7245 1100 |