Morocco Farm-In Agreements

RNS Number : 8314J
San Leon Energy PLC
13 August 2012
 



13 August 2012

 

San Leon Energy Plc

("San Leon" or the "Company")

 

Morocco Farm-In Agreements

 

San Leon Energy notes the Serica Energy plc ("Serica") Quarterly Update announced this morning where it references the near conclusion of farm in contracts for the offshore Foum Draa and Sidi Moussa permits.

San Leon is looking forward to informing its shareholders of the final terms upon completion of the agreements which is expected shortly.

Pre completion of the farm-in agreements, San Leon Energy holds a 42.5% net operated interest in both blocks. The remaining interest is held by Serica (25%), Longreach Oil and Gas (7.5%) and ONYHM, the National Bureau of Petroleum and Mines, in Morocco (25%).

 

 

For further information contact:

 

San Leon Energy Plc

Tel: + 353 1291 6292

 

Oisin Fanning, Executive Chairman


John Buggenhagen, Exploration Director




Macquarie Capital (Europe) Limited

Tel: +44 (0) 20 3037 2000

Paul Connolly


John Dwyer




Fox Davies Capital

Tel: +44 (0) 20 3463 5000

Daniel Fox-Davies


Oliver Stansfield




Westhouse Securities

Richard Johnson

Tel: +44 (0) 20 7601 6100

 

Antonio Bossi




College Hill Associates

Tel: +44 (0) 20 7457 2020

Nick Elwes


Alexandra Roper


 

www.sanleonenergy.com


This information is provided by RNS
The company news service from the London Stock Exchange
 
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