TIDMVLRS

RNS Number : 8585Q

Vallares PLC

26 October 2011

Vallares PLC

26 October 2011

Response to Media Speculation re RAK Petroleum

In response to recent speculation in the media, Vallares wishes to clarify that it has never been approached by RAK Petroleum Public Company Limited or any parties associated with the company regarding the purchase of RAK Petroleum's assets. Vallares continues to make good progress towards completing its previously announced transaction with Genel Energy

Enquiries:

Finsbury +44 20 7251 3801

This information is provided by RNS

The company news service from the London Stock Exchange

END

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