Project Status Update

RNS Number : 8296H

San Leon Energy PLC

22 August 2016

 

22 August 2016

San Leon Energy plc

("San Leon" or the "Company")

Project status update - Acquisition of indirect interest in OML 18

Further to the announcement on 11 August 2016, the Company announces that it continues to progress with the acquisition of an indirect interest in OML 18, a producing onshore Oil field located in the Southern Niger Delta (the "Transaction"). The Company is in the final stages of obtaining all necessary regulatory approvals before publishing an AIM Admission Document which will contain full details of the Transaction.  The Company's shares will remain suspended, pending publication of the Admission Document, at which point the Company will seek the restoration of its shares to trading on AIM.

Enquiries:

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

 

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