Adjournment of Ocean Pearl winding up petition

San Leon Energy PLC

23 May 2024

 

23 May 2024

San Leon Energy plc

("San Leon" or the "Company")

Adjournment of Ocean Pearl winding up petition

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to announce that further to the Company's notification on 21 May 2024 the hearing of the petition by Ocean Pearl Maritime SA ("Ocean Pearl") to wind up one of its subsidiaries, San Leon ELI Limited, has been adjourned by mutual agreement. The final hearing is now expected to take place in July 2024 or shortly thereafter.

As previously announced, San Leon will take all actions to defend the petition and prevail upon Ocean Pearl to work constructively with the Company towards an expedient completion of the acquisition of its 13.5 per cent interest in Energy Link Infrastructure (Malta) Limited.   

Further announcements will be made as appropriate.

Enquiries:

San Leon Energy plc	[phone]
Oisin Fanning, Chief Executive Julian Tedder, Chief Financial Officer
Allenby Capital Limited (Nominated adviser and joint broker to the Company)	[phone]
Nick Naylor Alex Brearley Vivek Bhardwaj
Panmure Gordon & Co (Joint broker to the Company)	[phone]
James Sinclair-Ford
Fortified Securities (Joint broker to the Company)	[phone]
Guy Wheatley
Tavistock (Financial Public Relations)	[phone]
Nick Elwes Simon Hudson
Plunkett Public Relations	[phone]
Sharon Plunkett

 

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