SURREY, U.K., May 21, 2002 (PRIMEZONE) -- Emerald Energy plc (LSE:EEN):
The Company is pleased to announce that it has disposed of its entire holding of 1,664,691 5p ordinary shares in Resources Investment Trust plc, realizing a net 1.527 million pounds cash. The net sale proceeds will be applied towards the Company's short-term working capital requirements.