News

Response to Press Speculation

11 August 2016

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
+353 1291 6292

SP Angel Corporate Finance LLP
Nominated Adviser and Joint Broker
Ewan Leggat
Richard Morrison
Richard Hail
+44 (0) 20 3470 0470

Whitman Howard Limited
Joint Broker
Nick Lovering
Francis North
+44 (0) 20 7659 1234

Brandon Hill Capital Limited
Joint Broker
Oliver Stansfield
Jonathan Evans
+44 (0) 20 3463 5000

Vigo Communications Financial Public Relations
Chris McMahon
Alexandra Roper
+44 (0) 20 7830 9700

Plunkett Public Relations
Sharon Plunkett
+353 (0) 1 280 7873 

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