20-year Licence Extension for OML 18

RNS Number : 9344D

San Leon Energy PLC

01 July 2019

 

1 July 2019

San Leon Energy Plc

("San Leon", "SLE" or the "Company")

20-year Licence Extension for OML 18

San Leon Energy plc ("San Leon" or the "Company") announces that Eroton (the operator of the OML 18 licence, onshore Nigeria) has received a 20-year licence renewal for OML 18. The licence now expires in 2039.

Oisin Fanning, Chief Executive Officer, commented:

"The OML 18 licence renewal is excellent news for San Leon's investment in Nigeria, securing Eroton's rights to develop the fields in OML 18 for another 20 years."

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement

Enquiries:

San Leon Energy plc

Oisin Fanning, Chief Executive (+ 353 1291 6292)

Cantor Fitzgerald Europe (Nominated adviser, financial adviser and joint broker to the Company)

David Porter ([phone])

Rick Thompson ([phone])

Whitman Howard Limited (Financial adviser and joint broker to the Company)

Nick Lovering ([phone])

Brandon Hill Capital Limited (Joint broker to the Company)

Oliver Stansfield ([phone])

Jonathan Evans ([phone])

Vigo Communications (Financial Public Relations)

Chris McMahon ([phone])

Simon Woods ([phone])

Plunkett Public Relations

Sharon Plunkett ([phone])

 

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