XPL Xplorer Plc

TIDMXPL

RNS Number : 2332P

Xplorer PLC

30 September 2013

Xplorer Plc

("Xplorer" or the "Company")

AGM Statement

During today's AGM of the Company, the Chairman, John Davies, will make the following statement:

"In the ten weeks since Xplorer listed on the London Stock Exchange we, in collaboration with Sprint Capital, have made excellent progress in advancing our investment strategy.

"Our intention remains to acquire a substantial operator in the Oil and Gas sector which displays strong investment credentials leading to robust interest from private and professional investors alike. Our daily discussions with Sprint Capital have enabled us jointly to examine a good number of attractive candidates and I am happy to report that we have shortened our list to four and have commenced acquisition negotiations with each of them.

"We look forward to keeping shareholders apprised in the coming weeks as we continue to advance our plan"

30(th) September 2013

Enquiries:

 
 Xplorer Plc                             www.xplorerplc.co.uk 
 
  John Roddison, Director                 +44 207 495 7429 
  Nicholas Nelson, Corporate Comms.       +44 7921 522 920 nelson@nexfin.org.uk 
 
   Allenby Capital, Financial Adviser 
   & Broker 
 
   Nick Harriss, Director, Corporate 
   Finance                                 +44 20 3328 5656 
 

This information is provided by RNS

The company news service from the London Stock Exchange

END

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