Caracal Energy Inc. - Block Listing and Issue of Common Shares

CALGARY, Dec. 27, 2013 /CNW/ - Caracal Energy Inc. ("Caracal" or the "Company") (LSE:CRCL) announces that applications have been made to the Financial Conduct Authority for admission to the Official List, and to the London Stock Exchange plc for admission to trading, of a total of 7,471,946 common shares ("Shares"). It is anticipated that these Shares will be admitted at  8a.m. (GMT) on 31 December 2013.

The  applications have been made in respect of:

• 3,000,000 Shares to be issued on the exercise of share awards made under the Company's Employee Option Plan, which have been reserved under a block listing;
• 1,508,333 Shares to be issued on the exercise of share awards made under the Company's Employee Performance Warrant Plan, which have also been reserved under a block listing; and
• 2,963,613 Shares to be issued on 30 December 2013 pursuant to the terms of outstanding convertible securities which were issued by the Company on 13 September 2012.

When issued, these Shares will rank pari passu in all respects with the existing Shares of the Company.

As at 30 December 2013, following the issuance of the 2,963,613 Shares pursuant to the terms of outstanding convertible securities, the Company's issued share capital will consist of 146,496,025 common shares. The Company does not hold any treasury shares. Therefore, the total number of voting rights in the Company as at 30 December 2013 will be 146,496,025. Shareholders may use this figure as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change to their interest in, the share capital of the Company under the Financial Conduct Authority's Disclosure and Transparency Rules ("DTRs").

This announcement is in conformity with DTR 5.6.1A (1).

About Caracal Energy Inc.

Headquartered in Calgary, Canada, Caracal Energy Inc. is an international exploration and development company focused on oil and gas exploration, development and production activities in the Republic of Chad, Africa. In 2011, the Company entered into three production sharing contracts ("PSCs") from the government of the Republic of Chad. These PSCs provide exclusive rights to explore and develop reserves and resources over a combined area of 26,103 km2 in southern Chad. The PSCs cover two world-class oil basins with historical oil discoveries, development opportunities, and numerous exploration prospects.

The Company's shares trade on the London Stock Exchange under the symbol CRCL.

SOURCE: Caracal Energy Inc.

Caracal Energy Inc.
Gary Guidry, President and Chief Executive Officer
Trevor Peters, Chief Financial Officer
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Longview Communications - Canadian Media Enquiries
Alan Bayless
Joel Shaffer
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FTI Consulting - UK Media Enquiries
Ben Brewerton / Ed Westropp
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