AAK Arawak

 

TIDMAAK 
 
RNS Number : 0782R 
Arawak Energy Limited 
24 April 2009 
 

 
 
Arawak ENERGY LIMITEd 
Whiteley Chambers, Don Street, St. Helier, Jersey JE4 9WG 
 
 
LSE TRADING SYMBOL: AAK 
 
 
24 April 2009 
 
 
FOR IMMEDIATE RELEASE 
 
 
ARAWAK shares cease trading on london stock exchange 
 
 
Arawak Energy Limited ("Arawak" or the "Company") announces that following the 
successful offer by Rosco S.A. ("Rosco") to acquire all of the outstanding 
common shares of Arawak, the Company's shares have been delisted from trading on 
the London Stock Exchange effective  24 April 2009. 
 
 
On 8 April 2009, Rosco announced that it held approximately 96.91% of Arawak's 
total issued common share capital following its recommended and increased cash 
offer (the "Offer") of C$1.00 per Arawak share at the end of January 2009. 
Rosco, a subsidiary of the Vitol group of companies, has declared its Offer 
wholly unconditional and has commenced proceedings to compulsorily acquire all 
the remaining outstanding shares related to the Offer. Arawak shares were 
delisted from trading on the Toronto Stock Exchange on 14 April 2009. 
 
 
Arawak also announces that executive Directors Alastair McBain and Shahveer 
Kapadia and non-executive Directors James Coleman, Nicholas Clayton and Alan 
Duncan have stepped down from the Board. Arawak's new Board comprises David 
Fransen, Roland Favre and Jacques Sterken, nominees of the Vitol group of 
companies. 
 
 
All documentation related to the Offer can be found on www.arawakenergy.com or 
on www.sedar.com. 
 
 
 
 
For further information please contact: 
 
 
Arawak Energy Limited                                                    Tel: 
+44 (0) 20 7973 4285 
Tanya Pang, Head of Investor Relations Fax: +44 (0) 20 7824 8466 
E-mail:info@arawakenergy.com 
Web: www.arawakenergy.com 
 
 
Brunswick Group LLP                                   Tel: +44 (0)20 7404 5959 
Patrick Handley 
 
 
J.P. Morgan Cazenove Limited                                 Tel: +44 (0)20 7588 
2828 
Steve Baldwin 
Neil Haycock 
 
 
Oriel Securities Limited                                        Tel: +44 (0)20 
7710 7600 
Richard Crawley 
Natalie Fortescue 
 
 
  Notes to editors 
 
 
Arawak is engaged in the exploration, development and production of oil and 
natural gas in Kazakhstan, Russia and  Azerbaijan. In Kazakhstan, the Company 
holds five producing fields and two exploration blocks. The Company has a 40% 
participating interest in the Saigak producing block acquired in June 2008. The 
remaining assets are held through its 100% wholly-owned subsidiary Altius Energy 
Corporation ("Altius"). Altius' main producing field is Akzhar with smaller 
fields at Besbolek, Karataikyz and Alimbai. The two exploration blocks East 
Zharkamys III and Tamdykol are also situated in western Kazakhstan. Arawak's 
producing assets in Russia are held through ZAO PechoraNefteGas ("PNG") and LLC 
NK Recher-Komi ("Recher-Komi"), in which Arawak has a 50% interest with the 
remaining interest being held by Lundin Petroleum AB. Also in Russia, Arawak 
holds a 100% interest in the Kymbozhyuskaya exploration block and in the South 
Sotchemyu appraisal block. In Azerbaijan, the Company's asset is its interest in 
the Exploration Development and Production Sharing Agreement ("EDPSA") for the 
South West Gobustan oil and gas fields. CGL, a company registered in Anguilla, 
British West Indies, in which the Company has a 37.17% interest, holds an 80% 
interest in the EDPSA with the remaining 20% held by an affiliate of SOCAR. The 
remaining 62.83% share in CGL is held by two affiliates of the project operator, 
CNPC. 
 
 
For a detailed description of Arawak's business and the risks and uncertainties 
facing the Company, readers should refer to Arawak's Annual Information Form for 
the year ended 31 December 2008 and dated 30 March 2009 as filed at 
www.sedar.com. 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCCKNKQPBKDDQB 
 

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