Regulatory news announcement

Competent Person’s Report Available

 
TIDMKEP 
 
KAROO ENERGY PLC 
                       ("Karoo Energy" or the "Company") 
 
                      Competent Person's Report Available 
 
The Company is pleased to announce the release of the Competent Persons Report 
("CPR"), covering the exploration and prospecting licences held by Karoo Energy 
through its subsidiaries Equatorial Oil and Gas Plc and Tamboran Botswana Pty. 
The technical detail has been updated  and revised using recent borehole 
information relating to the licences EL001/2012 and EL171/2015 in particular. 
 
This information which relates to several deep (up to 700m)  wells located in 
these licence areas and drilled on the margins of the sedimentary basin is 
identified by our research and confirmed by the CPR. The geological logs of 
these boreholes reinforces the previous interpretation of the historical data 
sets that Karoo and Nama sedimentary rocks are likely to be present at the 
required depths (i.e. >1000m) at which shale gas can be generated. The rock 
types recorded in these boreholes include thick sequences of up to 60m of 
mudstones and carbonaceous, mudstones which are considered potential source 
rocks for shale gas. 
 
Re-interpretation of the previous regional geophysical and newly acquired 
gravity data has more precisely defined the extent of these multiple 
sedimentary basins and in EL171/2015 indicated an additional target area. 
 
The full CPR is available on the company website www.karooenergyplc.co.uk and 
was completed by RPS Energy Consultants Limited. 
 
The company is also pleased to announce that it is proceeding with a dual 
listing on the Botswana Stock Exchange ("BSE") and will be the first NEX 
company to complete a dual listing on the BSE. This dual listing will enable 
the company to access institutional funds in Botswana and encourage local 
participation in what is a strategic project for Botswana 
 
The Directors of Karoo Energy accept responsibility for the content of this 
announcement. 
 
ENQUIRIES: 
 
Karoo Energy PLC 
Noel Lyons 
020 3130 0674 
 
Corporate Adviser 
Peterhouse Corporate Finance Limited 
Guy Miller / Mark Anwyl 
Telephone: 020 7220 9796 
 
 
 
END