Bluebird Energy

Latest Bluebird Energy News

• Bluebird currently holds 64,743,934 ordinary shares in Wessex ("the Wessex Shares") representing approximately 8.98 per cent. of the issued share capital of Wessex.

• The company recorded a loss due to administrative expenses and project costs at Centurion, partially offset by a gain in the value of the holding in Wessex Exploration PLC.

• Bluebird Energy announces that James Ede-Golightly has been appointed as non-executive chairman with immediate effect.

• Bluebird Energy closes the disposal of the Company's working interest in the Centurion project as per the terms of the disposal agreement
• The Company confirms that it has received gross proceeds of US$3.1m for the Centurion interest disposal

• Board commences strategic and operational review of the Company's US assets with a view to recommending proposals which it believes will represent the best course of action for Shareholders
• Directors to consider the acquisition of non-controlling interests in the US
• The future operational focus of the Company for its existing US projects will be on Solitaire in which the Group has a 100 per cent. interest, in respect of which it will seek farm-in partners to assist in the future exploration and development
• Board agrees on the sale of the Group's 50 per cent. working interest in Centurion to the Purchaser for a consideration of US$3.1 million payable in cash

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