13 Aug 2018 07:38
This announcement contains inside information
Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas
13 August 2018
Empyrean Energy PLC ('Empyrean' or 'the Company')
US Tax Refund received
Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received the cash refund from the United States Internal Revenue Service ("IRS") totaling US$905,805 (the "US Tax Refund"). The US Tax Refund, through the application of 31 March 2017 taxable year losses, represents a full refund of tax paid in the US during the 1 April 2016 - 31 March 2017 taxable year.
The proceeds from US Tax Refund will assist the Company's ongoing working capital requirements.
**ENDS**
Empyrean Energy plc
Tom Kelly Tel: +61 8 9380 9920
Cenkos Securities plc
Neil McDonald Tel: +44 (0) 131 220 9771
Beth McKiernan Tel: +44 (0) 131 220 9778
St Brides Partners Ltd
Lottie Wadham Tel: +44 (0) 20 7236 1177
Frank Buhagiar Tel: +44 (0) 20 7236 1177
Empyrean (EME)