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RNS Number : 2238G

AIM

09 May 2011

 
        ANNOUNCEMENT TO BE MADE BY THE AIM APPLICANT PRIOR TO ADMISSION 
         IN ACCORDANCE WITH RULE 2 OF THE AIM RULES FOR COMPANIES ("AIM 
                                    RULES") 
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 COMPANY NAME: 
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 XEO Exploration plc 
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 COMPANY REGISTERED OFFICE ADDRESS AND IF DIFFERENT, COMPANY 
  TRADING ADDRESS (INCLUDING POSTCODES) : 
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 2(nd) Floor, Watson House, 54 Baker Street, London, W1U 7BU 
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 COUNTRY OF INCORPORATION: 
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 England & Wales 
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 COMPANY WEBSITE ADDRESS CONTAINING ALL INFORMATION REQUIRED 
  BY AIM RULE 26: 
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 www.xeox.co.uk 
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 COMPANY BUSINESS (INCLUDING MAIN COUNTRY OF OPERATION) OR, 
  IN THE CASE OF AN INVESTING COMPANY, DETAILS OF ITS INVESTING 
  POLICY). IF THE ADMISSION IS SOUGHT AS A RESULT OF A REVERSE 
  TAKE-OVER UNDER RULE 14, THIS SHOULD BE STATED: 
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 XEO Exploration plc (the "Company") was incorporated on 26 
  August 2010 by EnCore Oil plc in order to exploit certain exploration 
  and appraisal assets located in the UKCS Central North Sea 
  and East Irish Sea. On 10 March 2011, the Company entered into 
  the Acquisition Agreement with EnCore Petroleum Limited, a 
  wholly owned subsidiary of EnCore Oil plc, pursuant to which, 
  the Company will acquire a portfolio of exploration and appraisal 
  assets from EnCore Petroleum Limited. The acquired portfolio 
  will offer the Company a multi-well drilling programme, commencing 
  in 2011, with two to four wells expected to be drilled over 
  the next twelve to eighteen months. The main country of the 
  Company's operation is the United Kingdom. The Company has 
  not yet commenced operations. In the event that the Acquisition 
  does not complete by 10 September 2011 (or such later date 
  as the Company and EnCore Petroleum Limited shall agree), it 
  is the Directors' intention that the Company, in consultation 
  with Matrix Corporate Capital LLP and Westhouse Securities 
  Limited, shall agree with EnCore Petroleum Limited a further 
  period of three months from 10 September 2011 (or such later 
  date as the Company and EnCore Petroleum Limited shall agree), 
  during which the Company shall endeavour to address and satisfy 
  any requirement of DECC which the Company has not been able 
  to comply with prior to such date. If at the end of the extended 
  period, the Company has still not been able to comply with 
  the DECC requirements as described in the Acquisition Agreement 
  and completion of the Acquisition has not taken place, it is 
  the Directors' intention to convene a general meeting as soon 
  as possible for shareholders to determine the future investing 
  policy of the Company. 
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 DETAILS OF SECURITIES TO BE ADMITTED INCLUDING ANY RESTRICTIONS 
  AS TO TRANSFER OF THE SECURITIES (i.e. where known, number 
  and type of shares, nominal value and issue price to which 
  it seeks admission and the number and type to be held as treasury 
  shares): 
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 Ordinary Shares of 5 pence each. 
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 CAPITAL TO BE RAISED ON ADMISSION (IF APPLICABLE) AND ANTICIPATED 
  MARKET CAPITALISATION ON ADMISSION: 
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 TBC 
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 PERCENTAGE OF AIM SECURITIES NOT IN PUBLIC HANDS AT ADMISSION: 
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 TBC 
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 DETAILS OF ANY OTHER EXCHANGE OR TRADING PLATFORM TO WHICH 
  THE AIM COMPANY HAS APPLIED OR AGREED TO HAVE ANY OF ITS SECURITIES 
  (INCLUDING ITS AIM SECURITIES) ADMITTED OR TRADED: 
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 N/A - not traded on any other exchange or platform 
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 FULL NAMES AND FUNCTIONS OF DIRECTORS AND PROPOSED DIRECTORS 
  (underlining the first name by which each is known or including 
  any other name by which each is known): 
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 John Richard Mapplebeck, Non-executive Chairman 
  Eugene Gregory Whyms, Chief Executive Officer 
  Peter Heinz Schwarz, Chief Operating Officer 
  Alan Booth, Non-executive Director 
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 FULL NAMES AND HOLDINGS OF SIGNIFICANT SHAREHOLDERS EXPRESSED 
  AS A PERCENTAGE OF THE ISSUED SHARE CAPITAL, BEFORE AND AFTER 
  ADMISSION (underlining the first name by which each is known 
  or including any other name by which each is known): 
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 Before: EnCore Oil plc - 100% 
  After: TBC 
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 NAMES OF ALL PERSONS TO BE DISCLOSED IN ACCORDANCE WITH SCHEDULE 
  2, PARAGRAPH (H) OF THE AIM RULES: 
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 N/A 
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            (i) ANTICIPATED ACCOUNTING REFERENCE DATE (ii) DATE TO WHICH THE 
            MAIN FINANCIAL INFORMATION IN THE ADMISSION DOCUMENT HAS BEEN 
            PREPARED (this may be represented by unaudited interim financial 
            information) (iii) DATES BY WHICH IT MUST PUBLISH ITS FIRST THREE 
            REPORTS PURSUANT TO AIM RULES 18 AND 19: 
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      (i) Accounting Reference Date - 30 June 
       (ii) 31 December 2010 
       (iii) 1. Full year report by 31 December 2011 
       2. Half year report by 31 March 2012 
       3. Full year report by 31 December 2012 
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 EXPECTED ADMISSION DATE: 
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 TBC 
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 NAME AND ADDRESS OF NOMINATED ADVISER: 
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 Matrix Corporate Capital LLP 
  One Vine Street 
  London W1J 0AH 
  United Kingdom 
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 NAME AND ADDRESS OF BROKER: 
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 Matrix Corporate Capital LLP 
  One Vine Street 
  London, W1J 0AH 
  United Kingdom 
  Westhouse Securities Limited 
  One Angel Court 
  London, EC2R 7HJ 
  United Kingdom 
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 OTHER THAN IN THE CASE OF A QUOTED APPLICANT, DETAILS OF WHERE 
  (POSTAL OR INTERNET ADDRESS) THE ADMISSION DOCUMENT WILL BE 
  AVAILABLE FROM, WITH A STATEMENT THAT THIS WILL CONTAIN FULL 
  DETAILS ABOUT THE APPLICANT AND THE ADMISSION OF ITS SECURITIES: 
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 Copies of the Admission Document (also constituting a prospectus) 
  will be available on the Company's website, www.xeox.co.uk, 
  from the date of publication. 
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 DATE OF NOTIFICATION: 
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 9 May 2011 
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 NEW/ UPDATE: 
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 N/A 
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The company news service from the London Stock Exchange

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