Comment on News Article

RNS Number : 7982O

San Leon Energy PLC

22 May 2018

 

22 May 2018

San Leon Energy plc

("San Leon" or the "Company")

Comment on News Article

San Leon Energy plc, the AIM listed company, focused on oil and gas development and appraisal in Africa and Europe, notes a media article in the Nigerian press which makes reference to a summons having been served on the Company and certain other entities by SunTrust Oil ("SunTrust") in relation to a purported claim by SunTrust over the purchase by the Company of an indirect interest in OML 18. 

San Leon can confirm that none of the Company, its subsidiaries or legal counsel have received any such summons to date and neither are they aware of the existence of any such summons.

Having taken legal advice, the Company is of the view that the purported allegations by SunTrust are without any foundation or merit whatsoever, the 2016 OML 18 transactions having undergone extensive due diligence and documentation.  The Company will provide updates as and when appropriate in due course, and will vigorously defend any such claim received.

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])

Nicholas Tulloch ([phone])

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

Nick Lovering ([phone])

Francis North ([phone])               

Brandon Hill Capital Limited (Joint broker to the Company)                       

Oliver Stansfield ([phone])             

Jonathan Evans ([phone])   

Vigo Communications (Financial Public Relations)                                         

Chris McMahon ([phone])               

Kate Rogucheva ([phone])   

Plunkett Public Relations                                                                                           

Sharon Plunkett ([phone])              

 

END

 

 

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