Star Phoenix Group Ltd Drilling rigs sale update (3884W)

TIDMSTA

RNS Number : 3884W

Star Phoenix Group Ltd

10 December 2019

Star Phoenix Group Ltd

("Star Phoenix" or "the Company")

10 December 2019

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATIONS (EU) NO. 596/2014 ("MAR"). UPON THE PUBLICATION OF THIS ANNOUNCEMENT VIA REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

DRILLING RIGS SALE UPDATE

Star Phoenix, an international company with oil and gas projects and oilfield service businesses in Trinidad and Indonesia, advises that further to the Company's announcement on 25 November 2019 regarding the sale of four drilling rigs and related equipment, the Company has not yet received any cash consideration and is discussing with the buyer a further extension to the closing date. The Company will provide further updates as and when appropriate.

 
 
   Contact Details 
                                         Cantor Fitzgerald Europe (Nominated 
   Star Phoenix Group Ltd                 Adviser and Broker) 
   Evgenia Bezruchko (Group Corporate     David Porter / Rick Thompson (Corporate 
   Development Manager & Joint Company    Finance) 
   Secretary)                             t. +44 (0)20 7894 7000 
   e. admin@starphoenixgroup.com 
   t. +44 (0)20 3865 8430

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END

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December 10, 2019 07:02 ET (12:02 GMT)

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