On 16 June 2008 Roc Oil Company Limited (ROC) and Anzon Energy Limited (AE) declared their intention to merge by way of scheme of arrangement (Merge).

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.

Tags: Anzon Energy Limited, ROC Oil