Maurel & Prom - Suspension of Liquidity Agreement

PARIS, December 8, 2011 /PRNewswire/ --

To facilitate the distribution of MAUREL & PROM NIGERIA shares to the shareholders of MAUREL & PROM, MAUREL & PROM hereby announces that its liquidity agreement with Natixis will be suspended as from 9 December 2011.

The approval of MAUREL & PROM shareholders, who will hold a general meeting on 12 December 2011, remains a condition for the distribution of MAUREL & PROM NIGERIA shares to MAUREL & PROM shareholders.

As a reminder, the half year balance as at 30 June 2011 contained the following resources under the liquidity account:

- 24,446 MAUREL & PROM shares

- Euros 2,597,000.15.

This document may contain forward-looking statements regarding the financial position, results, business and industrial strategy of Maurel & Prom. By nature, forward-looking statements contain risks and uncertainties to the extent that they are based on events or circumstances that may or may not happen in the future. These projections are based on assumptions we believe to be reasonable, but which may prove to be incorrect and which depend on a number of risk factors such as, fluctuations in crude oil prices, changes in exchange rates, uncertainties related to the valuation of our oil reserves, actual rates of oil production and the related costs, operational problems, political stability, legislative or regulatory reforms, or even wars, terrorism and sabotage.

Maurel & Prom is listed for trading on Euronext Paris - compartiment A - CAC® mid 60 - SBF120® - CAC® Mid & &Small - CAC® All-Tradable - CAC® All-Share

ISIN FR0000051070 / Bloomberg MAU.FP / Reuters MAUP.PA

For more information, visit http://www.maureletprom.fr

Communication:
INFLUENCES
+33(0)1-42-72-46-76
[email protected]

SOURCE Maurel & Prom