Durresi Block, Albania Licence Extension Approved
02 August2013
San Leon Energy Plc
("San Leon" or the "Company")
Durresi Block, Albania Licence Extension Approved
San Leon is pleased to confirm that the Second Amendment ("Amendment") to its Petroleum Sharing Contract ("PSC") for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest, became effective on 31 July 2013 following Council of Ministers approval and publication in country's Official Gazette.
As previously announced in our 26 April 2013 update, the Amendment alleviates the tight timelines that existed in the PSC. San Leon now has two full years from 31 July 2013 to begin drilling operations.
For further information contact:
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San Leon Energy Plc |
Tel: +353 1291 6292 |
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Oisin Fanning, Executive Chairman |
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Macquarie Capital (Europe) Limited |
Tel: +44 (0) 20 3037 2000 |
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John Dwyer |
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Fox Davies Capital |
Tel: +44 (0) 20 3463 5000 |
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Daniel Fox-Davies |
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Richard Hail / Susan Walker |
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FirstEnergy Capital LLP |
Tel: +44 (0) 20 7448 0200 |
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Hugh R. Sanderson |
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David van Erp |
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Westhouse Securities (Nominated Advisor) |
Tel: +44 (0) 20 7601 6100 |
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Richard Johnson |
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Antonio Bossi |
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College Hill Associates |
Tel: +44 (0) 20 7457 2020 |
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David Simonson |
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Alexandra Roper |
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Plunkett Public Relations |
Tel: +353 (0) 1 284 4414 / +353 (0) 87 826 0833 |
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Sharon Plunkett |
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Jennie Cotter |
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This information is provided by RNS
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