Oryx Petroleum Corporation Limited Files Amended and Restated Preliminary Base PREP Prospectus for Initial Public Offering

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CALGARY, April 16, 2013 /CNW/ - Oryx Petroleum Corporation Limited ("Oryx Petroleum") has filed an amended and restated preliminary base PREP prospectus with the securities regulatory authorities in each of the provinces of Canada, other than Quebec, in connection with a proposed initial public offering of common shares. A copy of this amended and restated preliminary base PREP prospectus will be available on SEDAR (www.sedar.com) and Oryx Petroleum's website (www.oryxpetroleum.com).

The offering is being made through a syndicate of underwriters led by RBC Capital Markets, Barclays Capital Canada Inc. and Merrill Lynch Canada Inc., who will act as joint bookrunners.

ABOUT ORYX PETROLEUM CORPORATION LIMITED

Oryx Petroleum is an international oil exploration company focused in Africa and the Middle East. Oryx Petroleum was founded in 2010 by The Addax and Oryx Group Limited and key members of the former senior management team of Addax Petroleum Corporation. Oryx Petroleum has interests in seven license areas prospective for oil and is the operator or technical partner in four of the seven license areas. Three license areas are located in the Kurdistan Region and the Wasit governorate (province) of Iraq and four license areas are located in West Africa in Nigeria, the AGC administrative area offshore Senegal and Guinea Bissau, and Congo (Brazzaville).

ABOUT THE ADDAX AND ORYX GROUP

The Addax and Oryx Group Limited was incorporated in 1987, with a focus on energy in Africa, and has evolved into a diversified investment group, known simply as AOG. AOG invests in three key areas: energy, commercial real estate and other capital investments. AOG's energy investments include: (i) Oryx Petroleum; (ii) an integrated trading and downstream platform, Oryx Energies, active in petroleum and refined products trading, refined products storage and distribution, and specialized products/services including LPG, lubricants, bitumen and bunkering, across sub-Saharan Africa; and (iii) Addax Bioenergy, a company developing a greenfield project to produce sugarcane bioethanol and "green" electricity from the biomass in Sierra Leone. AOG's real estate arm, AOG Real Estate, invests in commercial real estate properties in Western Europe and North America either directly, with partners or via specialized public equity funds. AOG Capital Investment focuses on generating higher returns than real estate, mainly through selected funds focusing on its preferred sectors and/or countries.

This press release does not constitute an offer to sell or the solicitation of an offer to buy the securities in the United States, in any province or territory of Canada or in any other jurisdiction. The securities to be offered have not been, and will not be, registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any U.S. state securities laws and may not be offered or sold in the United States absent registration or absent an applicable exemption from the registration requirements of the U.S. Securities Act and applicable U.S. state securities laws. There shall be no sale of the securities in any jurisdiction in which an offer to sell, a solicitation of an offer to buy or sale would be unlawful. The Amended and Restated Preliminary Base PREP Prospectus has not yet become final for the purpose of a distribution to the public and there shall not be any sale or any acceptance of an offer to buy these securities in any province of Canada prior to the time a receipt for the Final Prep Prospectus and Pricing Supplement or other authorization is obtained from the securities commission or similar authority in such province.

SOURCE: Oryx Petroleum Corporation Limited

Mr. Craig Kelly
Chief Financial Officer
Tel.: [phone]
[email protected]
 
Scott Lewis
Head of Corporate Finance
Tel.: [phone]
[email protected]