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Filed pursuant to Rule 424(b)(3)
SEC File No. 333-85237
PRESS ANNOUNCEMENT
AMERICAN RIVERS OIL COMPANY ("AROC")
RECOMMENDED OFFER FOR
ALLIANCE RESOURCES PLC ("ALLIANCE")
AROC is pleased to announce that as at 3:00 p.m. on 7 December 1999, pursuant to
the recommended offer made by AROC for the whole of the issued share capital of
Alliance (the "Offer"), acceptances in respect of 38,071,995 Alliance shares,
representing 80.2% of the issued share capital of Alliance, had been received.
The Offer has now been declared unconditional in all respects. Pursuant to the
terms of the Offer, AROC will continue to accept acceptances from Alliance
shareholders until further notice, although Alliance shareholders who have
accepted the Offer will no longer have a right of withdrawal.
As set out in the offer document dated 21st October, 1999 to Alliance
shareholders, Alliance intends to apply for its listing on the Official List of
the London Stock Exchange to be cancelled. It is anticipated that such listing
will be cancelled with effect from 11 January, 2000.
The directors of AROC and Alliance accept responsibility for the information
contained in this announcement. To the best of the knowledge and belief of the
directors of AROC and Alliance (who have taken all reasonable care to ensure
that such is the case), the information contained in this announcement for which
they accept responsibility is in accordance with the facts and does not omit
anything likely to affect the import of such information.
For further details contact:
Alliance Resources PLC American Rivers Oil Company
Jak Keenan Karlton Terry
Chairman and Managing Director President
4200 E. Skelly Drive 700 East 9th Street
Tulsa Denver
Oklahoma Colorado 80203
USA USA
Tel: 001 918 491 1100 Tel: 001 303 382 1117
Dated: 8 December 1999