Polish Court Decision

RNS Number : 2781M

San Leon Energy PLC

11 October 2016

 

11 October 2016

San Leon Energy Plc

("San Leon" or "the Company")

Polish Court Decision

San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, today announces the decision of the Regional Court in Warsaw, Poland, in relation to the 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").

As announced on 26 May 2015, the International Court of Arbitration of the International Chamber of Commerce ("ICC") found against Aurelian in its dispute with Avobone over the Siekierki asset in the Poznan area of Poland.  Today, the Regional Court recognised the ICC award and its enforceability on Aurelian, or one or more of its constituent companies, in Poland.

 

The Aurelian subsidiaries have leave to appeal the decision.

Enquiries:

San Leon Energy plc Oisin Fanning, Executive Chairman	[phone]
Brandon Hill Capital Limited Joint Broker Oliver Stansfield Jonathan Evans	[phone]
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat Richard Morrison	[phone]
Whitman Howard Limited Joint Broker Nick Lovering Francis North	[phone]
Vigo Communications Financial Public Relations Chris McMahon Alexandra Roper	[phone]
Plunkett Public Relations Sharon Plunkett	[phone]

www.sanleonenergy.com 

 

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