RNS Number : 1776A
  Anzon Energy Limited
  30 July 2008
   



    30 July 2008

    AEL AND ROC MERGER
    Court Convenes Scheme Meeting
    Independent Expert finds Merger Fair and Reasonable

    On 16 June 2008 Anzon Energy Limited ("AEL") and Roc Oil Company Limited ("ROC") announced their intention to merge by way of scheme of
arrangement ("Merger").

    The Federal Court of Australia has today ordered the convening of a meeting of shareholders of AEL ("Scheme Meeting") to enable a vote
to be taken on the proposed Merger. The Scheme Meeting will be held at 10am (AEST) on 3 September 2008 at Corrs Chambers Westgarth, Level
32, Governor Phillip Tower, 1 Farrer Place, Sydney, Australia.

    Deloitte Corporate Finance Pty Limited, who were commissioned by AEL to prepare an independent expert's report on the Merger, have
concluded that the Merger is fair and reasonable and therefore in the best interests of AEL shareholders.

    The Boards' of each of AEL and ROC have unanimously agreed to pursue the Merger. The AEL Board has unanimously recommended that AEL
shareholders vote in favour of the resolution to approve the Merger at the Scheme Meeting, in the absence of a superior proposal.  

    Full details of the Merger, including how to vote on the resolution and a full copy of the independent expert's concise report, are
included in the Scheme Booklet and Notice of Meeting which will be posted to all AEL shareholders next week. The Scheme Booklet and Notice
of Meeting will be announced to AIM and will be available on both the ROC and AEL websites later this week. 

    If you have any questions in relation to the Merger, please call the Information Line between 9:00am to 5:00pm (AEST) Monday to Friday
on 1300 309 234 (within Australia), or 0800 450 974 (within New Zealand), or +61 3 9415 4639 outside Australia and New Zealand.


    FOR FURTHER INFORMATION PLEASE CONTACT:

    
 Mr Andrew YoungManaging         Mr Bruce ClementActing
 DirectorAnzon Energy Limited           Chief Executive
 Telephone: +61 2 9024 3555      OfficerRoc Oil Company
                                 Limited Telephone: +61
                                            2 8356 2000
  Website: www.anzonenergy.com                 Website:
                                      www.rocoil.com.au
  Level 13, 90 Arthur                Level 14, 1 Market
 StreetNorth SydneyNew South      StreetSydneyNew South
 Wales2060                                   Wales 2000
                                                       
 AEL Financial Adviser            ROC Financial Adviser
 Robert SennittDivision          Bruce McLennanManaging
 DirectorMacquarieCapital        DirectorGreshamAdvisor
 Advisers Telephone: +61 414      y Partners Telephone:
 295 264                                +61 2 9224 0269
                                                       
 AEL Nominated Adviser            ROC Nominated Adviser
                                    &UKCorporate Broker
 Fiona OwenPartnerGrant                         Michael
 Thornton UK LLP Telephone: +          ShawPartnerOriel
 44 20 7383 5100                     Securities Limited
                                     Telephone: + 44 20
                                              7710 7600



This information is provided by RNS
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