The board has noted the recent press speculation and can confirm that it is in advanced discussions with the board of Whittier Energy Corporation (“Whittier”) regarding an offer for the entire issued share capital of Whittier.

A further announcement will be made in due course.

For further information contact:

Citigate Dewe Rogerson (+44 207 628 9571)
Media enquiries: Martin Jackson / George Cazenove
Analyst enquiries: Nina Soon