Advisory Committee

RNS Number : 4256W

San Leon Energy PLC

31 January 2012

 



31 January 2012

San Leon Energy Plc

("San Leon" or the "Company")

Creation of an advisory committee

San Leon Energy, the fast growing oil and gas company with an extensive portfolio of assets across Europe and North Africa, is pleased to announce the formation of an advisory committee ("Advisory Committee"). 

A key role of the Advisory Committee will be to work alongside the management team when considering macro issues associated with the industry.  The Advisory Committee will be made up of a number of experienced industry professionals who have a wealth of experience in the energy industry.  It is expected that the Advisory Committee will help San Leon build on the success that the Company has already achieved as well as provide senior guidance, invaluable strategic and industry insight, as well as their expertise and advice as the Company looks to continue to develop its portfolio of assets.  A key role of the Advisory Committee will be to working alongside the management team and evaluate new opportunities that the Company is investigating.

The Advisory Committee will initially be made up of the following members, with Nick Butler also serving as the Advisory Committee's Chairman:

Nick Butler, Chairman, is Visiting Professor and Chair of the Kings Policy Institute at Kings College London as well as an energy consultant to a number of companies working internationally in the natural gas and renewables industries.  He has worked previously for BP, where he served as Group Vice President for Strategy and Policy Development from 2002 to 2006 and as Senior Policy Adviser to the Prime Minister on business policy issues up to the May 2010 election.   

Gerard Medaisko is a geologist by training who has worked in the industry for over 50 years.  He has previously worked with a number of companies holding numerous positions including CEO of Transworld Petroleum.  He also founded natural resource company Geotherme.  He was also Chief Petroleum Advisor to the Department of Technical Cooperation for Development and the United Nations Institute for Training and Research at the United Nations. Currently he is President and CEO of Westbank Resources, President of G.S Medaisko Associates PLC and is also a consultant to the United Nations.

Robert Price is an energy industry professional who has worked across numerous aspects of the energy industry.  He has worked at First National bank and Trust Company (now JP Morgan Chase Bank) as well as setting up his own oil and gas exploration company, Brooks Energy, focussed in the mid-continent and Rocky mountain regions. He was also a member of the US Department of the Interior's Mineral Management Service Royalty Policy Committee as well as serving on numerous other state and local civic boards and commissions.  He is also founder and Chairman of Zeledyne, the manufacturer and distributor of automotive glass.

Oisin Fanning, Chairman of San Leon, commented:

"The creation of the Advisory Committee is another important step in our development.  This committee brings together exceptional talent with wide ranging expertise across many aspects of the energy environment. 

To have attracted individuals of this calibre is a testament to the excellent team that we already have in place as well as the exciting potential that we believe is inherent across our portfolio. 

This provides San Leon with a unique and unrivalled pool of knowledge that will accelerate the development of our assets and grow our company further for the benefit of all our stakeholders.  We look forward to working with the Advisory Committee and benefitting from their expertise and insights."

For further information contact:

San Leon Energy Plc	Tel: + 353 1291 6292
Oisin Fanning, Executive Chairman
Macquarie Capital (Europe) Limited	Tel: [phone]
Paul Connolly John Dwyer Arbuthnot Securities Limited Antonio Bossi Richard Johnson	Tel: [phone]
College Hill Associates	Tel: [phone]
Nick Elwes

www.sanleonenergy.com

Notes to editors:

San Leon is an independent fast growing oil and gas exploration company and is Europe's leading shale gas company by acreage.  The Company has an extensive portfolio of assets in Europe and North Africa that will enable it to provide energy solutions for the future.

 

San Leon's assets are located in Poland, Morocco, Albania, Ireland, Spain and Italy.  The Company's portfolio across these geographies is made up of both shale (Poland Baltic Basin, Morocco and Spain) and conventional exploration assets.  

 

San Leon's key objective is to grow the Company significantly and to become a leading European oil and gas player delivering value to all its stakeholders.  To achieve this San Leon, since it was founded in 1995, has built a balanced portfolio as well as an exceptional technical team.

 

The Company is listed on London's Alternative Investment Market (ticker symbol: SLE).  As at 30 June 2011 the Company had €42.2 million of cash and cash equivalents.

 

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