LONGREACH OIL AND GAS LIMITED (TSX-V: LOI), an independent oil and gas company focused on Morocco (“Longreach” or the “Company”), has been advised that certain shareholders of the Company have announced an intention to take steps to reconstitute the Board of Directors and Management team of Longreach. The Company is in the process of reviewing the announcement with its legal advisors.
Commenting, Andrew Benitz, CEO of Longreach, said:
“The Management of Longreach are executing the Company‘s work programme, including the current drilling of the Koba - 1 well, which continues to progress well and remain committed to maximizing value for our Shareholders. We will complete a full review of the announcement, the steps being proposed and the conduct of these shareholders before we respond.”
For additional information, please contact:
|Andrew Benitz||Chief Executive Officer||+44 20 3137 7756|
|Pelham Bell Pottinger
|Mark Antelme / Philip Dennis / Rollo Crichton-Stuart||+44 207 861 3232|
Additional information on Longreach Oil and Gas Limited can be found at www.longreachoilandgas.com or through Longreachs investor relations agent.
Additional information on Longreach Oil and Gas Limited can also be found at www.sedar.com.
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.