15 July 2013
Adriatic Oil Plc
("Adriatic Oil" or the "Company")
The Board of Adriatic Oil, the ISDX Growth Market quoted international oil and
gas exploration company, notes the market notice issued last week by ICAP
Securities & Derivatives Exchange Limited in relation to the implementation of
amendments to the ISDX Growth Market Rules for Issuers.
The amended ISDX Growth Market Rules for Issuers contain, inter alia, an
amended definition of "family". Under the amended family definition, the total
combined interest in the Company's ordinary shares of 0.5p each ("Ordinary
Shares") of Adriatic Oil's Non-Executive Chairman, Jack Wilson and his family
members, is as shown below:
Jack Wilson and his family members hold a total combined interest in 44,931,887
Ordinary Shares (representing 44,931,887 voting rights), which represents
13.76% of the voting rights in the issued ordinary share capital of the
Company. The aforementioned 44,931,887 Ordinary Shares include 3,181,887
Ordinary Shares beneficially held by Frank EB Wilson, who is a member of Jack
Wilson's family (as defined in the ISDX Growth Market Rules for Issuers). The
Company was notified on 14 July 2013 regarding Frank EB Wilson's pre-existing
holding. Jack Wilson himself continues to be beneficially interested in
41,750,000 Ordinary Shares (representing 41,750,000 voting rights).
THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILTY FOR THE CONTENTS OF THIS
ADRIATIC OIL PLC
+44 (0) 20 3178 4060
SVS SECURITIES PLC - ISDX Corporate Adviser
+44 (0)20 7638 5600
YELLOW JERSEY PR LIMITED - Financial PR
Dominic Barretto / Anna Legge
+44 (0) 20 3664 4087
NOTES TO EDITORS:
Adriatic Oil Plc is a publicly quoted UK-incorporated international oil and gas
exploration company with a portfolio of activities focused on the North Celtic
Sea, the UK North Sea and the Adriatic Sea Basin.
In the North Celtic Sea, the Company has agreed with Fastnet Oil & Gas plc to
farm-out 64.5% of its original 80% interest in a Licensing Option which covers
an area of 881 sq. km. The Company holds 15.5% of this Licensing Option.
Additionally, the Company has a second small carried interest in offshore
Separately, in the Inner Moray Firth area of the UK's North Sea, Adriatic Oil
has secured a 25% Farm-In, approved by the UK Department of Energy and Climate
Change, to Seaward Production Licence P1921 in relation to Blocks 12/18 and 12/
19c and the Company has an option for a further 25%.
Adriatic Oil is also focused on making and progressing applications for
offshore exploration opportunities in Albania, which holds the largest onshore
oilfield ever found in Europe with 5.7 billion barrels of oil in place.
Adriatic Oil's strategy is to add shareholder value by proving and developing
leads and plays in areas which the Directors of the Company consider to be high
potential oil and gas provinces. Adriatic Oil's ordinary shares are quoted on
the ISDX Growth Market (operated by ICAP Securities & Derivatives Exchange
Limited) under the ticker symbol 'ADOP'. The Company's website is available at
-0- Jul/15/2013 12:56 GMT
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