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12 April 2012
12/04/2012 The London Stock Exchange welcomes Rialto Energy Limited to AIM

The London Stock Exchange welcomes Rialto Energy Limited (“Rialto” or “The Company”) to the AIM market this morning, Thursday 12 April. Rialto will commence trading on AIM at 8.00am.

Rialto, which is also listed on the ASX (RIA), has joined AIM by way of an introduction and has not raised any additional capital as part of the process.  The Company will have a market capitalisation of c.£165m at admission.

rialto

Rialto Energy Limited is a West-African focused oil and gas company and Operator (85% working interest) of the prospective CI-202 block offshore Côte d’Ivoire.  The CI-202 block contains the Gazelle Field, which is the current focus of development, with first production expected Q4 2013 / Q1 2014.

Rialto has recently commenced a 3 well drilling programme on CI-202 using the Transocean GSF Monitor drilling rig.  The 3 well programme is expected to take circa 6 months to complete.

Rialto also has an interest in the Apache operated WA-399-P block in the Carnarvon Basin, Western Australia and is currently in the process of working with joint venture parties and Ghanaian governmental authorities to achieve approvals for an assignment of a 20% paying interest in the Accra Block, offshore Ghana.

Jeff Schrull, Managing Director, commented;

“We are pleased to have completed our London Listing.  AIM is an international market with a sophisticated understanding of the oil and gas industry.  This is the reason behind Rialto listing on AIM and we hope to use it as a platform to grow into a significantly larger West African focused E&P.”

NOMAD – RBC Capital Markets
Joint Broker – GMP Securities
Financial PR - Buchanan

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