RAK Petroleum announces Eagle Energy acquisition

DUBAI, 7 April 2009--RAK Petroleum Public Company Limited, the oil and gas exploration and production company, announced today that it has purchased Eagle Energy (Oman) Limited, a wholly-owned subsidiary of UK-based Heritage Oil Limited, for cash consideration of $28 million. Eagle Energy holds a 10 percent interest in Block 8, Sultanate of Oman. The acquisition brings RAK Petroleum’s total shareholding in the block, which the company operates, to 50 percent.