TIDMIPL 
 
RNS Number : 1987U 
Indago Petroleum Limited 
19 June 2009 
 

19 June 2009 
Indago Petroleum Limited 
 
 
Posting of Circular 
 
 
Indago Petroleum Limited ("Indago" or the "Company") announces that a document 
containing details of the proposal to wind up the Company (the "Circular") has 
been posted to Shareholders together with the notice of the Extraordinary 
General Meeting ("EGM"), convened for 10 July 2009 and the 2008 Annual Report 
and Accounts. 
 
 
The Circular describes the background to and process of the proposed winding up 
of Indago by means of a members' voluntary liquidation. The EGM will consider 
resolutions which, if passed, will approve the winding up, appoint a liquidator, 
cancel the admission to trading on AIM of Indago's Ordinary Shares and receive 
the 2008 Annual Report and Accounts which have been prepared on a break-up 
basis. The Board is recommending that the Shareholders approve these 
resolutions. 
 
 
The timing and the amounts of distributions will be the decision of the 
liquidator, assuming his appointment. Currently, however, the Directors estimate 
that approximately $32.5 million ($0.61 per Ordinary Share) will be available 
for returning to Shareholders. Of this sum, it is expected that about $3.5 
million ($0.07 per Ordinary Share) will be set aside for a period of time in 
case of potential additional liabilities. 
 
 
The expected timetable of principal events is as follows (all times are UK times 
unless otherwise stated): 
 
 
+---------------------------------------+--------------------------------+ 
| Dealings in Ordinary Shares suspended |           7 am on 10 July 2009 | 
| from trading on AIM                   |                                | 
+---------------------------------------+--------------------------------+ 
|                                       |                                | 
+---------------------------------------+--------------------------------+ 
| EGM to be held at Le Pavillon de la   | 10 am (French time) on 10 July | 
| Reine Hotel, 28 Place des Vosges,     |                           2009 | 
| 75003 Paris, France                   |                                | 
+---------------------------------------+--------------------------------+ 
|                                       |                                | 
+---------------------------------------+--------------------------------+ 
| Cancellation of admission of Ordinary |           7 am on 13 July 2009 | 
| Shares to trading on AIM and CREST    |                                | 
| disablement *                         |                                | 
+---------------------------------------+--------------------------------+ 
|                                       |                                | 
+---------------------------------------+--------------------------------+ 
| Initial return of capital to          |                  7 August 2009 | 
| Shareholders on the register as at    |                                | 
| close of business on 10 July 2009 *   |                                | 
+---------------------------------------+--------------------------------+ 
 
* note: subject to the passing of the Winding Up Resolution 
 
 
 
 
Defined terms used in this announcement have the same meaning as used in the 
Circular dated 18 June 2009.  The Circular and the 2008 Annual Report and 
Accounts will also be available from the Company's website at 
www.indagopetroleum.com 
 
 
- Ends - 
 
 
Enquiries: 
 
 
+--+--------------------------------+----------------------------------+ 
| Indago Petroleum Limited          |                                  | 
+-----------------------------------+----------------------------------+ 
|  | David Bremner, CEO             | +1 805 708 4892                  | 
+--+--------------------------------+----------------------------------+ 
|  | Martin Groak, CFO              | + 44 20 7096 3461                | 
+--+--------------------------------+----------------------------------+ 
|  |                                |                                  | 
+--+--------------------------------+----------------------------------+ 
 
+--+--------------------------------+----------------------------------+ 
| Ambrian Partners Limited          | +44 (0) 20 7634 4856             | 
| (Nomad and Broker)                |                                  | 
+-----------------------------------+----------------------------------+ 
|  | Richard Swindells              |                                  | 
+--+--------------------------------+----------------------------------+ 
|                                   |                                  | 
+-----------------------------------+----------------------------------+ 
| College Hill Associates           | + 44 (0) 20 7457 2020            | 
+-----------------------------------+----------------------------------+ 
|  | Paddy Blewer                   |                                  | 
+--+--------------------------------+----------------------------------+ 
|  | Nick Elwes                     |                                  | 
+--+--------------------------------+----------------------------------+ 
 
 
 
This information is provided by RNS 
            The company news service from the London Stock Exchange 
   END 
 
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