Rialto Energy Ltd RIA Investor Presentation - June 2012

  Rialto Energy Ltd (RIA) - Investor Presentation - June 2012

RNS Number : 8240F
Rialto Energy Limited
21 June 2012
 



 

        

21 June 2012

                                                    ASX Code and AIM Code: RIA

                              Rialto Energy Ltd

                         ("Rialto" or the "Company")

                                       

                          June Investor Presentation

                                       

An updated Company  presentation can be  viewed on the  Rialto Energy  Limited 
(ASX: RIA and AIM: RIA) website: www.rialtoenergy.com.

 

Enquiries to:

Buchanan               Tim Thompson, Ben Romney or Helen Chan            
(Financial PR London)  Telephone:           +44 (0)20 7466 5000

                       Email:               rialtoenergy@buchanan.uk.com

                                             
RBC Capital Markets    Matthew Coakes or Daniel Conti          
(NOMAD)                Telephone:           +44 (0)20 7653 4000

                        
PPR                    Colin Hay
(Financial          PR Telephone:           +61 8 9388 0944 or +61 404 68 3355
Australia)
                       Email:               colin.hay@ppr.com.au

                                             
Rialto Energy Limited  Jade Hockie           

                       Telephone:           +44 (0)20 7042 8500

                       Email:               admin@rialtoenergy.com

                                             

 

About Rialto Energy Ltd

 

Rialto Energy Limited (ASX:RIA, AIM:RIA) is an oil and gas exploration and
production company with offices in Perth (Australia), London (UK) and Abidjan
(Côte d'Ivoire).

 

Rialto is the Operator (85% working interest) of the CI-202 block offshore
Côte d'Ivoire. The CI-202 block contains the Gazelle Field, which is the
current focus of development, with first production expected by the end of
2013/Q1 2014.

 

On 12 March, 2012, Rialto commenced a fully funded, 3 well drilling programme
in CI-202 using the Transocean GSF Monitor drilling rig.

 

A Competent Person's Report completed in September 2011 by RPS Energy Services
in relation to CI-202 certified Total Mean Contingent Resources of 50 MMbbls
of liquids and 396 Bcf of gas, in addition to Total Mean Prospective Resources
of 511 MMbbls of liquids and 1,785 Bcf of gas.

 

The Company has received approval for a Field Development Plan and Exclusive
Exploitation Area over the Gazelle Field and has executed a Gas Sales MOU,
which will be superseded by a final binding agreement at Final Investment
Decision, with the Government of the Republic of Côte d'Ivoire.

 

Rialto also has an interest in the Apache operated WA-399-P block in the
Carnarvon Basin, Western Australia and is currently in the process of working
with joint venture parties and Ghanaian governmental authorities to achieve
approvals for an assignment of a 20% paying interest in the Accra Block,
offshore Ghana.

 

Rialto listed on the Australian Securities Exchange in July 2006 and listed on
the Alternative Investment Market in April 2012.

 

                                       

                                       

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