GLR Galileo Resources Plc

RNS Number:6355C
Desire Petroleum PLC
16 December 1999


RECOMMENDED MERGER of DESIRE PETROLEUM PLC and GAELIC RESOURCES PUBLIC LIMITED
COMPANY

THIS ANNOUNCEMENT IS NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN OR INTO
THE UNITED STATES, CANADA, AUSTRALIA OR JAPAN.

Desire Petroleum plc announces that the merger offer and the warrant offer
made on 11 September 1999 by SG Securities (London) Ltd on behalf of Desire to
acquire the Gaelic Shares other than those already owned by Desire (the
'Merger Offer') and to acquire the Gaelic Warrants (the 'Warrant Offer') will
close at 3.00pm on 30 December 1999.

Following the posting of the section 204(1) Notice to Dissenting Shareholders
on 11 November 1999, Desire is now entitled to acquire compulsorily any
outstanding Gaelic Shares to which the Merger Offer relates and will do so
once the Merger Offer has closed.  Application will also be made to cancel
Gaelic's dealing facility on the Exploration Securities Market of the Irish
Stock Exchange at that time.

Under the terms of the amended Gaelic Warrants, holders are entitled to
exchange those warrants for Desire Shares in the same ratio as provided for in
the Warrant Offer up to 20 April 2000.

Unless the context otherwise requires, the definitions contained in the Merger
Offer Document dated 11 September 1999 also apply in this announcement.

ENQUIRIES:

Desire Petroleum             (+44 1684 892242)
Dr Colin Phipps

SG Securities                (+44 171 638 9000)
Luke Morton

Millham Communications       (+44 171 256 5756)
Simon Rothschild
Judith Parry

The Desire Directors accept responsibility for the information contained in
this announcement.  To the best of the knowledge and belief of the Desire
Directors (who have taken all reasonable care to ensure that such is the
case), the information contained in this announcement is in accordance with
the facts and does not omit anything likely to affect the import of such
information.

SG Securities (London) Ltd, which is regulated in the UK by The Securities and
Futures Authority Limited, is acting for Desire and no-one else in connection
with the Merger and will not be responsible to anyone other than Desire for
providing the protections afforded to customers of SG Securities (London) Ltd
or for providing advice in relation to the Merger.

Davy Corporate Finance Limited, which is regulated in Ireland by the Central
Bank of Ireland, is acting for Gaelic and no-one else in connection with the
Merger and will not be responsible to anyone other than Gaelic for providing
the protections afforded to customers of Davy Corporate Finance Limited or for
providing advice in relation to the Merger.

END




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