IVE Irvine Energy

 

TIDMIVE 
 
RNS Number : 5572W 
Irvine Energy PLC 
30 July 2009 
 

Irvine Energy plc / Index: AIM / Epic: IVE / Sector: Exploration & Production 
30th July 2009 
Irvine Energy plc ('Irvine' or 'the Company') 
Notice of Cancellation of Admission of Ordinary Shares from AIM 
 
 
Irvine Energy plc, the AIM listed oil and gas exploration and production 
company, announces the cancellation of admission of the Company's Ordinary 
Shares on AIM, following a period of six months of suspension from trading and 
in accordance with AIM Rule 41.The cancellation of the Company's Ordinary Shares 
from AIM is effective from 7:00 am on 31 July 2009. 
 
 
The Board is in advanced negotiations for the acquisition and financing of 
additional assets in the United States.  The Company has signed a non-binding 
letter of intent to purchase significant oil and gas production and development 
assets.  It has received indicative terms on financing the proposed acquisition 
from two major financial institutions and is in discussions with one other.  The 
Board, led by the newly appointed Executive Chairman Robert Bensh, remains 
committed to advancing the Company. It is the Company's intention, at this 
stage, to apply for a re-listing if the transaction is completed. 
 
 
In the meantime, the Company intends to keep shareholders advised of new 
developments in the Company's business by disclosing material information to 
shareholders through its website. 
 
 
Irvine Executive Chairman Robert Bensh said, "We continue to make progress in 
securing additional assets and the associated funding required to take the 
Company forward and secure its future. I appreciate that shareholders will be 
disappointed by our delisting but our intention remains to relist the Company 
and to create value for our shareholders." 
 
 
* * ENDS * * 
 
For further information please visit http://www.irvineenergy.com or contact: 
 
 
+---------+------------+-----------+ 
| Robert  | Irvine     | Tel:      | 
| Bensh   | Energy     | +44       | 
|         | plc        | (0)7825   | 
|         |            | 177 479   | 
+---------+------------+-----------+ 
| Ross    | Irvine     | Tel:      | 
| Warner  | Energy     | +44       | 
|         | plc        | (0) 20    | 
|         |            | 7766 7500 | 
+---------+------------+-----------+ 
| Rob     | Evolution  | Tel:      | 
| Collins | Securities | +44       | 
|         |            | (0) 20    | 
|         |            | 7071 4300 | 
+---------+------------+-----------+ 
| Adam    | Evolution  | Tel:      | 
| James   | Securities | +44       | 
|         |            | (0) 20    | 
|         |            | 7071 4300 | 
+---------+------------+-----------+ 
| Hugo    | St         | Tel:      | 
| de      | Brides     | +44       | 
| Salis   | Media      | (0) 20    | 
|         | &          | 7236 1177 | 
|         | Finance    |           | 
+---------+------------+-----------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
 MSCGCGDRRDXGGCG 
 

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