Prospex Energy plc

Placing and Subscription of 55,633,333 new Ordinary Shares at 6p per share for gross proceeds of £3.34m

Cabot Energy Limited

Valuation of certain of Cabot Energy Limited’s oil and gas prospecting licences in offshore Italy for a potential restructuring event

Prospex Oil and Gas plc

Placing with new and existing investors and acquisition of a 17% interest in the Podere Galina permit