ROC and AEL Merger

    RNS Number : 1765A
  Roc Oil Company Limited
  30 July 2008
   

    30 July 2008

    ROC AND AEL MERGER

    Court Convenes Scheme Meeting
    Independent Expert finds Merger Fair and Reasonable

    On 16 June 2008 Roc Oil Company Limited ("ROC") and Anzon Energy Limited ("AEL") announced their intention to merge by way of scheme of
arrangement ("Merger").

    The Federal Court of Australia has today ordered the convening of a meeting of shareholders of AEL ("Scheme Meeting") to enable a vote
to be taken on the proposed Merger. The Scheme Meeting will be held at 10am (AEST) on 3 September 2008 at Corrs Chambers Westgarth, Level
32, Governor Phillip Tower, 1 Farrer Place, Sydney, Australia.

    Deloitte Corporate Finance Pty Limited, who were commissioned by AEL to prepare an independent expert's report on the Merger, have
concluded that the Merger is fair and reasonable and therefore in the best interests of AEL shareholders.

    The Boards of each of ROC and AEL have unanimously agreed to pursue the Merger. The AEL Board has unanimously recommended that AEL
shareholders vote in favour of the resolution to approve the Merger at the Scheme Meeting, in the absence of a superior proposal.  

    Full details of the Merger, including how to vote on the resolution and a full copy of the independent expert's concise report, are
included in the Scheme Booklet and Notice of Meeting which will be posted to all AEL shareholders next week. The Scheme Booklet and Notice
of Meeting will be announced to AIM and will be available on both the ROC and AEL websites later this week. 

    If you have any questions in relation to the Merger, please call the Information Line between 9:00am to 5:00pm (AEST) Monday to Friday
on 1300 309 234 (within Australia), or 0800 450 974 (within New Zealand), or +61 3 9415 4639 outside Australia and New Zealand.

    FOR FURTHER INFORMATION PLEASE CONTACT:

 Mr Bruce Clement                Mr Andrew Young
 Acting Chief Executive        Managing Director
 Officer                    Anzon Energy Limited
 Roc Oil Company Limited

                           Telephone: +61 2 9024
 Telephone: +61 2 8356                      3555
 2000                                  Website:
 Website:                    www.anzonenergy.com
 www.rocoil.com.au           Level 13, 90 Arthur
 Level 14, 1 Market                       Street
 Street                        North Sydney  NSW
 Sydney  NSW 2000                           2060


 ROC Financial Adviser     AEL Financial Adviser
 Bruce McLennan                   Robert Sennitt
 Managing Director             Division Director
 Gresham Advisory              Macquarie Capital
 Partners                               Advisers
 Telephone: +61 2 9224        Telephone: +61 414
 0269                                    295 264


 ROC Nominated Adviser &   AEL Nominated Adviser
 UK Corporate Broker                  Fiona Owen
 Michael Shaw                            Partner
 Partner                   Grant Thornton UK LLP
 Oriel Securities Limited     Telephone: + 44 20
 Telephone: + 44 20 7710               7383 5100
 7600


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