PPE Proven

RNS Number:0633E
Plectrum Petroleum PLC
19 September 2007

Plectrum Petroleum Plc - Trading Statement

Pursuant to the posting of the document in respect of the recommended cash offer
by Jeffries International Limited on behalf of Capricorn Oil & Gas Limited, a
subsidiary of Cairn Energy PLC, for the entire issued and to be issued ordinary
share capital of Plectrum Petroleum Plc ("the Company"), the Company wishes to
provide an update on trading.

During the year to date, cash expenditure has exceeded #2 million with more than
#1.5 million spent on oil and gas assets. Progress has been made on all four
exploration assets as follows:

-    Tunisia: REAP Tunisia GmbH, a wholly owned subsidiary of the Company, 
     successfully acquired 3,178 km of 2D seismic survey over the Nabeul 
     Prospection Permit and the field data is currently being processed by Fugro 
     Seismic Imaging Ltd in England. The company has fulfilled the work 
     obligations made to the Ministere de l'Industrie de l'Energie et des PME 
     for the Nabeul Prospection Permit and informed the authorities on 9 July 
     2007 of its intention to convert the Prospection Permit into an Exploration 
     Permit on 24 January 2008, in accordance with Article 9 of the ''Protocol 
     D'Accord''.

-    Peru: the first two (of three) rounds of consultation workshops have been 
     held with indigenous communities adjacent to Block Z-34 as part of the 
     environmental impact assessment for the planned 2008 seismic programme of 
     2,500 km of 2D.

-    Australia: the Company has tendered the seismic contract to acquire 3,300 
     km of 2D seismic in the Bremer sub-basin.

-    UK: the Company has been conducting detailed and regional geological 
     assessments of the prospectivity in and around UK Blocks 214/19 and 214/20.

The interim results for the six months to 30 June 2007 are expected to be
announced on 27 September 2007.


For further information, please contact:

Plectrum Petroleum Plc                               www.plectrum.co.uk
Mike Whyatt, Executive Chairman                      01330 826710
Mike Evans, Chief Operating Officer

Aquila Financial Limited                             www.aquila-financial.com
Peter Reilly                                         020 7202 2601
Yvonne Fraser                                        020 7202 2609

Blue Oar Securities                                  www.blueoarsecurities.co.uk
Mike Coe                                             0117 933 0020



                      This information is provided by RNS
            The company news service from the London Stock Exchange
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