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Director/PDMR Shareholding

1 Mar 2013 08:14

RNS Number : 0006Z
Wessex Exploration plc
01 March 2013
 



WESSEX EXPLORATION PLC

(AIM: WSX)

Director/PDMR Shareholding

 

Wessex Exploration PLC ("Wessex" or "the Company") announces that on 28 February Andy Yeo (Chief Financial Officer) purchased 200,000 ordinary shares of 0.1 pence each in the Company ("Ordinary Shares") at a price of 4.15p per share. Following the purchase, Mr Yeo's total holding is now 2,400,000 shares in the Company.

 

Contacts

Wessex Exploration PLC

www.wessexexploration.com

Andy Yeo, Chief Financial Officer

+44 (0) 1225 428139

WH Ireland Limited

www.wh-ireland.co.uk

John Wakefield / Marc Davies (Corporate Finance)

+44 (0) 117 945 3470

Ruari McGirr / Sebastian Wykeham (Institutional Sales)

+44 (0) 207 220 1691

Yellow Jersey PR

+44 (0) 776 853 7739

Dominic Barretto

dominic@yellowjerseypr.com

 

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Notes to Editors:

 

Guyane

Wessex holds a net 1.25% interest in the Exclusive Exploration Licence (EEL) covering an approximate 24,100 sq.km offshore area of Guyane (a French prefecture previously known as French Guiana). The EEL interest is held via a 50/50 joint venture between Wessex and Northern Petroleum Plc, using Northpet Investments Limited as the holding company with a total interest of 2.5%. The other partners in Guyane are Shell (45% and operator), Tullow (27.5%) and Total (25%).

 

Juan de Nova

Wessex holds a 70% interest in the Juan de Nova Est Permit, covering 9,010 sq. km in water depths ranging from 200m to 3,000m, to the east of Juan de Nova Island in the Mozambique Channel. Wessex has been designated as operator, subject to the approval of the French authorities. Global Petroleum Limited (AIM: GBP, ASX: GBP) has a 30% interest.

 

Southern United Kingdom

Wessex holds three licences in southern United Kingdom - PEDL 238: 50%; PEDL 239: 25%; P1928: 35% - alongside its partner and operator, NWE Mirrabooka (UK) Pty. Ltd (a fully owned subsidiary of ASX listed Norwest Energy NL).

 

Saharawi Arab Democratic Republic (SADR, Western Sahara)

Wessex holds three blocks - Bojador (39,983 sq.km), Guelta (15,760 sq.km) and Imlili (16,955 sq.km) - under Assurance Agreements which cause Production Sharing Contracts to come into effect once the SADR government is able to take control of the territory. Wessex is the designated operator and holds a 50% interest; Tower Resources (AIM: TRP) has the other 50% interest.

 

 

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