BML Balmoral Intl

    RNS Number : 1127G
  Bramlin Limited
  17 October 2008
   

    17 October 2008 

    Bramlin Limited
    ("Bramlin" or the "Company")

    Update on Discussions with Victoria Oil & Gas Plc

    This morning the Board of Victoria Oil & Gas Plc (AIM:VOG) announced an update on the preliminary discussions with Bramlin Limited
("Bramlin")(AIM:BML) concerning a possible offer, which was announced by VOG on 24 September 2008.

    The Boards of VOG and Bramlin have signed a non-binding Heads of Agreement ("HOA") covering an all share acquisition of Bramlin by VOG.
The HOA reflects an offer proceeding by way of a Scheme of Arrangement, which will require the involvement of the Guernsey court and the
approval of the shareholders of Bramlin.

    The HOA is subject to legal and financial due diligence and include non-solicitation provisions. Kevin Foo is a director of both VOG and
Bramlin and has taken no part in the negotiation of the HOA.  

    Fox-Davies Capital Limited has been engaged by Bramlin to act as a Rule 3 adviser under the Takeover Code.



    For further enquiries, please contact:

    Jim Ford / Alan Thomas 
    Bramlin Limited
    Tel: +1 713 523 6336/ +44 (0)20 7960 9629
    www.bramlin.com

    Richard Hail / Nick Sellmer
    Fox-Davies Capital Limited 
    Tel:  +44 (0) 20 7936 5230

    Thilo Hoffman / Mira Shukanayeva
    Zimmermann Adams International Limited
    Tel: +44 (0) 20 7060 1760

    Jonathan Charles
    Conduit PR 
Tel: + 44 (0) 20 7429 6611


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