Black Marlin Energy Holdings Limited ("Black Marlin") (TSX VENTURE:BLM) is
pleased to announce that on September 21, 2010 Afren plc ("Afren") received the
approval of the requisite majority of Afren shareholders for the proposed
acquisition of Black Marlin by Afren pursuant to a scheme of arrangement under
the laws of the British Virgin Islands (the "Arrangement").


Black Marlin is also pleased to provide an update with respect to the
Arrangement to the shareholders of Black Marlin. As previously disclosed, the
final court hearing to approve the Arrangement is expected to be held on October
6, 2010 and the Arrangement is expected to be completed and take effect on
October 8, 2010 (the "Effective Date").


In order to facilitate the exchange of the ordinary shares of Black Marlin
("Black Marlin Shares") for Afren shares ("Afren Shares"), Black Marlin will
request that market trading of the Black Marlin Shares be halted at least 7 days
prior to the Effective Date. Accordingly, the last day of dealings in, and for
registration of transfers of, Black Marlin Shares on the TSX Venture Exchange
(the "TSXV") will be September 29, 2010. Following market close on such date,
trading of the Black Marlin Shares on the TSXV will cease. In addition, Black
Marlin intends to close the register of shareholders maintained by Olympia Trust
Company after close of business on the business day prior to the Effective Date.


Shareholders of Black Marlin ("Black Marlin Shareholders") who intend to trade
Black Marlin Shares prior to the Effective Date, where such trade will not
settle prior to the Effective Date are advised to consult their broker or other
intermediary or to make arrangements for alternative settlement. On the
Effective Date, the Black Marlin Shares will be delisted from the TSXV.


The process for the issuance and receipt of the Afren common shares to be
received as consideration for the Black Marlin shares is described in the
management information circular mailed to shareholders in connection with the
Arrangement dated August 11, 2010 and which is available at www.SEDAR.com. Black
Marlin Shareholders entitled to receive Afren common shares and intending to
trade the Afren common shares following the Effective Date but prior to the time
of receiving the physical certificate representing such Afren common shares
should make appropriate arrangements for settlement of such trades.


Forward Looking Statements:

This press release includes "forward-looking statements" within the meaning of
Canadian securities laws, including Canadian Securities Administrators' National
Instrument 51-102 Continuous Disclosure Obligations. Forward-looking statements
are commonly identified by such terms and phrases as "would", "may", "will",
"expects" or "expected to" and other terms with similar meaning indicating
possible future events or actions or potential impact on the businesses or
shareholders of Afren Plc and Black Marlin Energy Holdings Limited. Such
statements include, but are not limited to, statements about the anticipated
benefits, timing of completion, savings and synergies of the proposed
acquisition of Black Marlin by Afren, including future financial and operating
results, the plans, objectives, expectations and intentions of the combined
company, the future development of the combined company's business, and the
contingencies and uncertainties to which Afren and Black Marlin may be subject
and other statements that are not historical facts. The press release also
includes information that has not been reviewed by the independent auditors of
Afren or Black Marlin. There is no assurance that the proposed transaction
contemplated in this press release will be completed at all, or completed upon
the same terms and conditions described. 


The following factors, among others, could cause actual results to differ
materially from those set forth in the forward-looking statements: the ability
to obtain required approvals of the proposed acquisition on the expected terms
and schedule; the risk that the businesses will not be integrated successfully;
the risk that the cost savings and any revenue synergies from the acquisition
may not be fully realized or may take longer to realize than expected; and
disruption from the acquisition making it more difficult to maintain
relationships with the regulatory agencies, employees or suppliers. Additional
factors that could cause results to differ materially from those described in
the forward-looking statements can be found in the periodic reports filed by
Black Marlin. 


All forward-looking statements in this press release are expressly qualified by
information contained in each company's filings with regulatory authorities and
neither company undertakes to publicly update forward-looking statements,
whether as a result of new information, future events or otherwise, except as
required by applicable securities laws.


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