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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Imp. Energy | LSE:IEC | London | Ordinary Share | GB00B00HD783 | ORD 2.5P |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00% | 1,253.00 | 0.00 | 01:00:00 |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| 0 | 0 | N/A | 0 |
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RNS Number:0917V
Imperial Energy Corporation PLC
18 April 2007
Imperial Energy Corporation PLC
("Imperial Energy" or "the Company")
Media Speculation
Imperial Energy notes reports and comments today attributed to the Russian
Ministry of Natural Resources and the publication of a press release on the
Ministry's web site.
The press release inter alia makes allegations surrounding the accuracy of
Imperial's reserves and Imperial's compliance with its licence obligations.
Imperial Energy is not aware of any grounds for the statements made against it.
The Company only yesterday received a formal written Act of Confirmation from
the Ministry of Natural Resources stating that the Company has met or exceeded
all of its licence obligations and commitments. In addition the Group's recent
reserve report was produced in accordance with international standards by
DeGolyer and MacNaughton.
Following receipt of this written Act of Confirmation, Imperial Energy has not
received any further notification from The Ministry of Natural Resources.
The Company is now seeking further clarification from the Ministry following
today's media speculation and press release.
18 April 2007
Enquiries:
Imperial Energy
Peter Levine +44 (0) 7802 312 249
Pelham PR
James Henderson +44(0)20 7743 6673 +44(0) 777 4444 163
Gavin Davis +44(0) 20 7743 6677 +44(0)79 1010 4660
This information is provided by RNS
The company news service from the London Stock Exchange
END
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