Empyrean Energy PLC IRS Tax Refund (5756X)

TIDMEME

RNS Number : 5756X

Empyrean Energy PLC

13 August 2018

This announcement contains inside information

Empyrean Energy PLC / Index: AIM / Epic: EME / Sector: Oil & Gas

13 August 2018

Empyrean Energy PLC ('Empyrean' or 'the Company')

US Tax Refund received

Empyrean Energy plc, the oil and gas development company with interests in China, Indonesia and the United States, advises that it has received the cash refund from the United States Internal Revenue Service ("IRS") totaling US$905,805 (the "US Tax Refund"). The US Tax Refund, through the application of 31 March 2017 taxable year losses, represents a full refund of tax paid in the US during the 1 April 2016 - 31 March 2017 taxable year.

The proceeds from US Tax Refund will assist the Company's ongoing working capital requirements.

**ENDS**

Empyrean Energy plc

Tom Kelly Tel: +61 8 9380 9920

Cenkos Securities plc

Neil McDonald Tel: +44 (0) 131 220 9771

Beth McKiernan Tel: +44 (0) 131 220 9778

St Brides Partners Ltd

Lottie Wadham Tel: +44 (0) 20 7236 1177

Frank Buhagiar Tel: +44 (0) 20 7236 1177

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END

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August 13, 2018 02:38 ET (06:38 GMT)

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