Response to Press Speculation

RNS Number : 8997G

San Leon Energy PLC

11 August 2016

 

San Leon Energy plc

("San Leon" or the "Company")

Response to Press Speculation

Further to press speculation, San Leon announces that it has received equity placing orders in excess of US$200 million at 45 pence per share to complete the acquisition of an indirect interest in OML 18, a Nigerian Oil and Gas producing field (the "Transaction"). The Company also confirms that Mr Mutiu Sunmonu, former Managing Director of the Shell Petroleum Development Company of Nigeria Limited, is expected to be appointed as Non-Executive Chairman of San Leon with Oisin Fanning, assuming the role of Chief Executive Officer. The Company anticipates full details of the Transaction together with publication of an AIM admission document will be published shortly.

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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