PRESS RELEASE

26 FEBRUARY 2009

RAMCO ENERGY PLC
(“Ramco” or the “Company”)

Iraqi joint venture signed

Ramco Energy plc ("Ramco") the Aberdeen-based energy investment company is pleased to confirm that it has just been notified that the joint venture between the state owned, Iraqi Drilling Company (“IDC”) and Ramco’s associated company Mesopotamia Petroleum Company Limited (“MPC”) has been signed by MPC, IDC and the Iraqi Ministry of Oil today in Baghdad.

Ramco holds a 32.66 per cent. interest in MPC, which was set up specifically to secure a position in Iraq through bidding on oil services contracts as well as exploration and production opportunities.

A more detailed announcement will be issued later today or tomorrow.

 

 

 

ENQUIRIES:

Ramco Energy plc    Tel: 01224 748480
Steven Bertram, Managing Director

 

Ambrian Partners Limited   Tel: 020 7634 4700
Andrew Craig / Richard Swindells, Nominated Adviser and Broker

 

College Hill   Tel: 020 7457 2020
Nick Elwes, PR Consultant

 

 


Ramco Energy plc
Britannia House
Endeavour Drive
Arnhall Business Park
Westhill
Aberdeenshire
AB32 6UF
United Kingdom
Tel: +44 (0)1224 748480
Fax: +44 (0)1224 748481


 

 

 

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