GAS Gasol

TIDMGAS

RNS Number : 3998N

Gasol plc

06 September 2013

Gasol plc

('Gasol' or the 'Company')

Director Purchase

Gasol (AIM: GAS), the West African energy development company, today announces that it was notified on 5 September 2013 that on 5 September 2013 Alan Buxton purchased 275,000 ordinary shares of 0.5p each in the Company ("Ordinary Shares") at 18p per Ordinary Share.

Following this transaction Alan Buxton has a beneficial interest in 700,000 Ordinary Shares, representing 2.1% of the Company's issued share capital.

- Ends -

Enquiries

 
 Gasol plc 
  Alan Buxton, Chief Operating    +44 (0) 20 7290 
  Officer                          3300 
 Panmure Gordon (UK) Limited 
  Dominic Morley (Corporate 
  Finance) 
  Callum Stewart (Corporate 
  Finance) 
  Adam Pollock (Corporate         +44 (0) 20 7459 
  Broking)                         3600 
 
                                    +44 (0) 7768 537 
 Yellow Jersey PR Limited           739 
  Dominic Barretto                  +44 (0) 7799 003 
  Kelsey Traynor                    220 
 

Notes to Editors:

About Gasol plc

Gasol plc's strategy is to provide African gas for the next generation. Power stations in West Africa currently operate predominantly on liquid fuels such as diesel, light crude and jet fuel, but many of these plants are also capable of using gas. Gasol will initially supply these customers with gas from regasified Liquefied Natural Gas ("LNG"), which can provide significant cost savings in the order of 20 to 30 per cent. This involves the delivery of LNG to leased Floating Storage and Regasification Facilities, which will be positioned in Cotonou harbour, Benin and will supply the regasified LNG into the West African Gas Pipeline. The West African Gas Pipeline is a 678km gas pipeline involving an investment of over US$1 billion, built to transport gas from Nigeria to Benin, Togo and Ghana which has been operational since March 2011, but today operates at significantly less than full capacity . Once there is sufficient regional demand for gas, Gasol aims to develop captive gas reserves in offshore Nigeria and will supply this gas through the West African Gas Pipeline. This pipeline gas will be cheaper and therefore displace the LNG derived gas, resulting in further savings for customers.

Gasol's shares have been listed on London Stock Exchange's AIM since 2005 with the ticker code "GAS". Further information on the Company is available at www.gasolplc.com.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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