NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE INTERIM PERIOD ENDED 30 JUNE 2010
6.
Tangible assets
Group
Total £ 000’s
Cost As at 1 January 2010
564
Additions
-
Disposals
-
Currency translation
(56)
As at 30 June 2010
508
Depreciation As at 1 January 2010 Depreciation Eliminated on disposal As at 30 June 2010
178 13 191
Net book value As at 30 June 2010
317
As at 31 December 2009
386
7.
Post Balance Sheet events
On 20 July 2010, the Company announced that it had raised £1.5 million in a placing to institutional investors of 75 million new ordinary shares of 0.05p each in the Company at 2p per share. On 27 July 2010, the Company announced that further to an announcement made on 9 June 2008, it had allotted the remaining 12,666,667 Ordinary shares and 16.3 million options required to be issued under the previous advised share and option plan. In addition the Company advised that in relation to the 16.3 million options, the exercise price has been amended from 5p per share to 2.5p per share. On 2 September 2010 the Company announced that it had raised £0.8 million in a placing to institutional investors of 40 million new ordinary shares of 0.05p each in the Company at 2p per share. 8.
The financial information set out above does not constitute the Group’s statutory accounts for the period ended 31 December 2009, but is derived from those accounts.
9.
A copy of this interim statement is available on the Company’s website : www.lenigasandoil.com
20