Anzon Energy Completes Sale of Indonesian Operations

Further to the Update on Indonesian Operations announced on September 27, 2007, Anzon Energy Limited says that the sale of its shares in PT Binatek Reka Kruh (which holds the Kruh TAC, located in South Sumatra) and PT Indama Putera Kayapratama (which holds the Kaya TAC, located in South Sumatra) has been completed. The Company in respect of the sale has received total funds of US$5.3 million.

Following the sale of the Indonesian Operations, AEL's only oil and gas asset is its 53% equity interest in Anzon Australia Limited.