Interim results for the six months ended 31 August 2007

Gasol plc (AIM: GAS), whose strategic objective is to become the premier independent liquefied natural gas (LNG) company in West and Central Africa, is pleased to announce its interim results for the six months ended 31 August 2007

Highlights

• Continued progress in the development of our strategy to access and liquefy low cost gas reserves in West and Central Africa and then to market LNG in high value markets in US and Europe.
• African LNG, in which Gasol owns a 20 per cent stake and has an option to purchase the balance of 80 per cent, has identified a portfolio of LNG opportunities and is in dialogue with utility majors to form strategic alliances and/or joint ventures.
• Acquisition of 75 per cent stake in Afgas Infrastructure Limited, a company formed to build and operate the gas pipelines and related infrastructure required to transport gas from its source to LNG liquefaction plants in West and Central Africa.
• Appointment as CEO of Soumo Bose, an executive with an extensive track record in the global gas industry, most recently with BG Group in a substantial LNG business.
• Continued careful cost control has resulted in net cash of £3.23 million at the balance sheet date (H12006: £3.08 million).

Soumo Bose, Gasol's Chief Executive Officer, said: "We continue to make significant progress in delivering our strategy for monetising LNG opportunities in West and Central Africa. Through our investments to date and our strategic relationships we have created a platform from which we intend to build a substantial LNG business supplying low cost African gas to high value markets in the Atlantic Basin."

Download Interim Report (PDF).

For further information:

Gasol plc
Soumo Bose, Chief Executive Officer
+44 (0)20 7290 3300

Buchanan Communications
Mark Court
James Strong
+44 (0)20 7466 5000

Jefferies International Ltd
Toby Hayward
Oliver Griffiths
+44 (0)20 7029 8410

END