Transfer of Interest

RNS Number : 4589U

San Leon Energy PLC

22 December 2011

 



22 December 2011

San Leon Energy Plc

Transfer of Interest

San Leon Energy Plc ("San Leon" or the "Company") announces that the Company has been advised by its partner Beach Energy Ltd (Beach"), that, as part of its ongoing portfolio management, it is withdrawing from the Durresi Block, offshore Albania.

Beach Energy Ltd ("Beach") has announced the withdrawal as part of an international update where it has also announced that it is withdrawing from licences in Albania, Spain and Egypt.

As a result of this and subject to regulatory approval, Beach Energy's 25% interest will now transfer to San Leon who will now hold 100% of the Durresi Block.

For further information contact:

San Leon Energy plc	[phone]
Oisin Fanning, Executive Chairman
Arbuthnot Securities Limited	[phone]
Antonio Bossi Richard Johnson
Macquarie Capital (Europe) Limited	[phone]
Paul Connolly John Dwyer
College Hill Associates	[phone]
Nick Elwes

 

END

 

 

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