RNS Number : 9280J
  Irvine Energy PLC
  11 December 2008
   

    Irvine Energy plc / Index: AIM / Epic: IVE / Sector: Exploration & Production
    11 December 2008
    Irvine Energy plc ("Irvine" or "the Company")
    Termination of Offer Period
    Irvine Energy plc, the AIM listed oil and gas exploration and production company, announces that it is not and has not been considering
or soliciting an offer for the shares of the Company. 
    The announcement of 5 December included the statement that "In addition, the directors will explore the possibility of a merger or
corporate transaction if that creates value for shareholders." The Company confirms that the expression "merger or corporate transaction"
should be construed to mean the disposal of a core asset or a subsidiary. 
    The Company confirms that, in order to maximise the value of the portfolio and create shareholder value, it is continuing to evaluate
non-core and core asset disposals. The portfolio across Kansas and Oklahoma includes producing and non-producing assets and significant
resources.
    The Directors of the Company therefore confirm that Irvine Energy plc is no longer considered to be in an offer period as defined by the
City Code on Takeovers and Mergers.
    ***Ends***
    For further information please visit http://www.irvineenergy.com or contact:
    Michael Frayne    Irvine Energy plc                           Tel: +44 (0) 20 7766 7500
    Tim Redfern         Evolution Securities                       Tel: +44 (0) 20 7071 4300
    Adam James        Evolution Securities                       Tel: +44 (0) 20 7071 4300
    Hugo de Salis        St Brides Media & Finance          Tel: +44 (0) 20 7236 1177
    Victoria Thomas    St Brides Media & Finance          Tel: +44 (0) 20 7236 1177


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