TIDMIPL
RNS Number : 2545Q
Indago Petroleum Limited
07 April 2009
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7 April 2009
INDAGO PETROLEUM LIMITED
Insurance Monies Received
Indago Petroleum Limited ("the Company") is pleased to announce that the
insurance settlement monies referred to in its announcement dated 23 February
2009 have been received in full.
As a result, the Company now has cash balances in the region of $38 million.
-Ends-
Enquiries:
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| Indago Petroleum Limited | |
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| Martin Groak, Chief Financial Officer | +44 (0) 20 7096 |
| | 3461 |
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| Ambrian Partners Limited | |
| (NOMAD and corporate broker) | |
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| Marc Cramsie (NOMAD) | +44 (0) 20 7634 |
| | 4705 |
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| College Hill Associates | + 44 (0) 20 7457 |
| | 2020 |
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| Nick Elwes / Paddy Blewer | |
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Notes to Editors:
The Company announced on 23 February 2009 that agreement on a cash settlement
had been reached with underwriters in relation to an insurance claim following
an underground blowout suffered at the Al Jariya well on the Jebel Hafit
prospect in the Sultanate of Oman in February of 2008.
This information is provided by RNS
The company news service from the London Stock Exchange
END
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