7 October 2013 Adriatic Oil Plc ("Adriatic Oil" or the "Company") Proposed Admission to AIM Further to the announcement made on 27 June 2013, the Board of Adriatic Oil, the ISDX Growth Market quoted international oil and gas exploration company, is pleased to announce its intention to apply for the admission ("Admission") of the ordinary shares of the Company to trading on the AIM market of the London Stock Exchange plc ("AIM"). The Board intends for the Company's potential Admission to AIM to be accompanied by a fundraising. Commenting on today's news, CEO Bruno Muller said: "Adriatic Oil is an exploration company with a portfolio of activities focused on the North Celtic Sea, the Atlantic Margin, the UK North Sea and the Adriatic Sea Basin. The Board believes that Admission to AIM, coupled with afundraising, wouldprovide a platform for the Company's management teamto develop Adriatic Oil into amoreestablished companyand provide shareholders with a more active platform to trade their shares. "Since September 2011, Adriatic Oil has transformed into a company with a diversified portfolio of oil and gas exploration assets. With a management team with expertise in sourcing such projects,the Boardbelieves thata move to AIM is a natural step in the Board's plans to further grow and diversify our asset portfolio to generate value for shareholders." THE DIRECTORS OF THE COMPANY ACCEPT RESPONSIBILTY FOR THE CONTENTS OF THIS ANNOUNCEMENT --ENDS-- Enquiries: ADRIATIC OIL PLC Bruno Müller +44 (0) 20 3178 4060 SVS SECURITIES PLC - ISDX Corporate Adviser Alexander Brearley +44 (0) 20 3700 0100 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 Western Ireland. Separately, in the Inner Moray Firth area of the UK's North Sea, Adriatic Oil has conditionally secured a 80% Farm-In, to the Seaward Production Licence P1921 in relation to Blocks 12/18 and 12/ 19c. Adriatic Oil is also focused on making and progressing applications for offshore exploration opportunities in Albania and Italy. Albania 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 www.adriaticoil.com END -0- Oct/07/2013 06:00 GMT
ADRIATIC OIL PLC: Proposed Admission to AIM
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