Statement re Disposal-Replace

RNS Number:3338P
Energy Capital Investment Co.PLC
3 September 2003


The headline for the Energy Capital Investment Co.PLC announcement released
today at 10:04 under RNS No 3276P should read Statement re Disposal. 

The announcement text is unchanged and is reproduced in full below.


ENERGY CAPITAL INVESTMENT COMPANY PLC ("ECIC")

Announcement re Cordillera

The Board of ECIC announces that Patina Oil and Gas Corporation ("Patina") has
agreed to acquire all the assets of Cordillera Energy Partners L.L.C.
("Cordillera"). ECIC's interest in Cordillera will be acquired for a cash
consideration of approximately $6 million plus a small number of warrants to
purchase common stock of Patina at $45 per share against a current market price
of $37. This consideration compares with a valuation of $5 million as at 31
December 2002. Completion is expected in October 2003.

As a result, after providing for US taxation on this sale and the recent sales
of listed securities, the total cash that will be held by ECIC amounts to
approximately #21.5 million.




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

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