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Tasmania Oil and Gas Ltd's Exploration Licence Appeal

  Download PDF - Friday 30th August 2013 at 12:09 GMT

ALPHA PROSPECTS PLC
("Alpha" or the "Company")

TASMANIA OIL AND GAS LTD'S EXPLORATION LICENCE APPEAL

On 6 June 2013, Alpha announced that it had acquired a 20% interest in Tasmania Oil and Gas Ltd ("TOG"), a joint venture company set up to exploit a gas and oil opportunity in Tasmania. TOG has a Mortgage Debenture over Great South Land Minerals Limited's ("GSLM") Exploration Licence EL 14/2009.

The Company has been notified that the appeal hearing by the receivers of GSLM on license EL 14/2009 was not heard in court due to the receivers' non-attendance, and therefore the appeal was turned down.

The Directors of Alpha believe that TOG has alternative plans to defend its position and further announcements will be made in due course.

The Directors of Alpha Prospects Plc are responsible for the contents of this announcement.

Enquiries:

ALPHA PROSPECTS PLC Christopher Foster +44 20 7518 4300
PETERHOUSE CORPORATE FINANCE LIMITED Fungai Ndoro / Eran Zucker +44 20 7469 0932
LOTHBURY FINANCIAL SERVICES LIMITED Michael Padley / Chris Roberts +44 20 3440 7620