Arbitration Update

RNS Number : 9249V

San Leon Energy PLC

21 April 2016

 

21 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

Arbitration Update

As a supplement to the announcements dated 16 and 19 February 2016 concerning the ongoing dispute between certain of the Company's subsidiaries, including Aurelian Oil & Gas Limited (together, "Aurelian") and Avobone N.V. and Avobone Poland B.V. (together, "Avobone"), on 19 April 2016 the Company received particulars of an intended claim in the Irish courts from Avobone against Aurelian. The particulars of the claim are as detailed in the Company's announcement of 26 May 2015, and the Company's approach to the dispute remains unchanged from the announcements dated 16 and 19 February 2016.

The Company believes any action in Ireland to be inappropriate as none of the Aurelian companies is incorporated in Ireland, does business there, or has any material connection with that jurisdiction.

Enquiries:

San Leon Energy plc  Oisin Fanning, Executive Chairman	[phone]
Brandon Hill Capital Oliver Stansfield Jonathan Evans	[phone]
finnCap Ltd  Corporate Finance Matt Goode Christopher Raggett Corporate Broking Joanna Weaving	[phone]
Macquarie Capital (Europe) Limited Jon Fitzpatrick	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

 

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