RNS Number:7973C
Plectrum Petroleum PLC
11 May 2006

PRESS RELEASE

For immediate release: 11 May 2006

Plectrum Petroleum Plc ("Plectrum")

                                 AGM Statement

At today's AGM, Executive Chairman Mike Whyatt made the following statement:

"Following the reverse takeover by Table Mountain Minerals and renaming as
Plectrum Petroleum plc in October 2005, we have been actively seeking out
exploration opportunities in various regions around the globe.

I am delighted to say that one of these opportunities has landed since the year
end. We announced earlier this week that we had signed a joint venture agreement
with Gold Oil plc to explore for oil and gas in the deeper waters of the Talara
Basin offshore Peru. Plectrum will have a 50% interest in Block Z34.

In addition, we have submitted applications for two large exploration blocks in
South West Australia and expect to make a licence application in the UK 24th
Licensing Round which closes in June. We are also currently in negotiations to
acquire exploration acreage in North Africa. The outcome of these licence
applications and negotiations cannot be predicted at this stage, however we are
doing all we can to bring these opportunities to a successful conclusion.

I hope to report further progress on these opportunities and our activities in
Peru throughout the next 12 months".


For further information, please contact:

Plectrum Petroleum Plc                                        www.plectrum.co.uk
Mike Whyatt, Executive Chairman                                    01330 826 710

Corporate Synergy
John Prior                                                         020 7448 4400

Aquila Financial Ltd www.aquila-financial.com
Peter Reilly                                                       020 7202 2600


                      This information is provided by RNS
            The company news service from the London Stock Exchange

END
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