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RNS Number : 8614Y

Max Petroleum PLC

11 September 2015

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, IN WHOLE OR IN PART, DIRECTLY OR INDIRECTLY, IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF SUCH JURISDICTION

FOR IMMEDIATE RELEASE

11 September 2015

Max Petroleum Plc

("Max Petroleum" or the "Company")

Update re suspension

Max Petroleum's circular to Shareholders dated 13 August 2015 noted that, as a result of the uncertainty surrounding the Company's financial position, its ordinary shares have been suspended from trading on AIM since 2 March 2015.

Max Petroleum and AGR Energy continue to work to satisfy all relevant conditions for completion of the Subscription, and otherwise to publish information on the Company's financial position, including its Annual Accounts for the year ending 31 March 2015, as soon as possible and in any event before 30 September 2015, in order to restore trading and avoid cancellation of its ordinary shares from trading on AIM.

There can be no guarantee that admission of the Company's ordinary shares to trading on AIM will not be cancelled. In the event of such cancellation, further information on the consequences of this will be provided to Shareholders.

Further announcements will be made as appropriate.

 
 Max Petroleum Plc                 +44 (0) 20 3713 4015 
 James A. Jeffs 
 
 
 Stifel Nicolaus Europe Limited    +44 (0) 20 7710 7600 
 Michael Shaw 
 
 
 Tunga Chigovanyika 
 
 AGR Energy                        +44 (0) 20 7932 2455 
 Louise Wrathall

Save where the context requires otherwise, capitalised and technical terms used in this announcement shall have the same meaning as ascribed to them in the Company's circular to shareholders dated 13 August 2015.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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(END) Dow Jones Newswires

September 11, 2015 09:21 ET (13:21 GMT)

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