News and Press Releases Rsswww.sanleonenergy.com24/03/2017 12:04:23umbraco v4News feed of San Leon EnergyenOMV pays San Leon Energy £3 million to exit Rockall Licence/media-centre/news-releases/2011/january/12/rockall-licence-update.aspx2011-01-12T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/january/12/rockall-licence-update.aspx

OMV pays San Leon Energy £3 million to exit Rockall Licence

San Leon Energy P.l.c., ("San Leon" or the "Company") announces that, subject to Irish governmental approval, OMV (Ireland) Killala Exploration GmbH ("OMV") has agreed to pay £3 million to San Leon to be removed from the Irish Continental Shelf Petroleum Exploration Licence No: 3/05 (the "Rockall Licence") and assign San Leon with 100% interest in the licence.

OMV and San Leon, through a subsidiary, currently each hold an undivided legal interest and 50% beneficial interest in the Rockall Licence. Subject to government approval, OMV will assign its 50% interest to San Leon and pay San Leon £3 million.

The agreement will become effective upon receiving Irish government consent and executing a deed of assignment between the respective parties. San Leon is currently engaged in a farm out process relating to its Irish Atlantic Margin assets with significant equity being made available on all licences, including the Rockall Licence which comprises the Killala and Kingfisher prospects.

Oisin Fanning, Executive Chairman of San Leon Energy, commented:
"In line with our strategy of farming-out our Atlantic Margin assets, we are now in a position to farm out this asset on a 100% basis. The upcoming results of the 3D seismic over the Slyne field should further help to de-risk and enhance the value of these assets."

12 January 2011

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Note to Editors:
Killala is located on the Erris Ridge, a longstanding feature separating the Slyne-Erris and Rockall basins. As such it benefits from dual sourcing potential, with hydrocarbon systems proven on both sides, by the Dooish Gas Condensate discovery on the Rockall side and the Corrib Gas Field on the Slyne-Erris side. The mapped structure at Killala has more than 1000m of closure at the Top Sherwood Sandstone level. The structure at Kingfisher consists of a large tilted fault block with an interpreted 500m of closure at top Sherwood Sandstone level. In addition, Jurassic sandstones are prospective for oil at Kingfisher, a fact highlighted by the 2009 Slyne Basin 27/4-1 oil discovery. San Leon plans to acquire 800 km2 of 3D seismic over the Rockall Licence in 2011.

OMV pays San Leon Energy £3 million to exit Rockall Licence

San Leon Energy P.l.c., ("San Leon" or the "Company") announces that, subject to Irish governmental approval, OMV (Ireland) Killala Exploration GmbH ("OMV") has agreed to pay £3 million to San Leon to be removed from the Irish Continental Shelf Petroleum Exploration Licence No: 3/05 (the "Rockall Licence") and assign San Leon with 100% interest in the licence.

OMV and San Leon, through a subsidiary, currently each hold an undivided legal interest and 50% beneficial interest in the Rockall Licence. Subject to government approval, OMV will assign its 50% interest to San Leon and pay San Leon £3 million.

The agreement will become effective upon receiving Irish government consent and executing a deed of assignment between the respective parties. San Leon is currently engaged in a farm out process relating to its Irish Atlantic Margin assets with significant equity being made available on all licences, including the Rockall Licence which comprises the Killala and Kingfisher prospects.

Oisin Fanning, Executive Chairman of San Leon Energy, commented:
"In line with our strategy of farming-out our Atlantic Margin assets, we are now in a position to farm out this asset on a 100% basis. The upcoming results of the 3D seismic over the Slyne field should further help to de-risk and enhance the value of these assets."

12 January 2011

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Note to Editors:
Killala is located on the Erris Ridge, a longstanding feature separating the Slyne-Erris and Rockall basins. As such it benefits from dual sourcing potential, with hydrocarbon systems proven on both sides, by the Dooish Gas Condensate discovery on the Rockall side and the Corrib Gas Field on the Slyne-Erris side. The mapped structure at Killala has more than 1000m of closure at the Top Sherwood Sandstone level. The structure at Kingfisher consists of a large tilted fault block with an interpreted 500m of closure at top Sherwood Sandstone level. In addition, Jurassic sandstones are prospective for oil at Kingfisher, a fact highlighted by the 2009 Slyne Basin 27/4-1 oil discovery. San Leon plans to acquire 800 km2 of 3D seismic over the Rockall Licence in 2011.

Approval received/media-centre/news-releases/2011/january/17/approval-received.aspx2011-01-17T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/january/17/approval-received.aspx

Approval Received for Further Expansion of Unconventional Gas Acreage in Poland

San Leon, the AIM-traded oil and gas exploration and development company focusing on projects in Poland, Morocco, Albania and the Atlantic Margin, is delighted to report that it has received government approval for the acquisition of 100% interests in three concessions located in the southern area of the Fore Sudetic Monocline of the Permian Basin, onshore western Poland, as previously announced on 15 November 2010.

Highlights:
San Leon's wholly owned Polish subsidiary Liesa Energy Sp. z o.o. ("Liesa Energy") has received approval from the Polish Ministry of Environment for the transfer of the two concessions; 20/2009/p Winsko and 39/2009/p Rawicz, from Mazovia Energy Resources Sp. z o.o. ("Mazovia Energy").

San Leon's wholly owned Polish subsidiary San Leon Poland Sp. z o.o. has also received approval for the takeover of Gora Energy Resources Sp. z o.o. ("Gora Energy"), including the 30/2088p Gora Concession, from Mazovia Energy.
These three Concessions, which are adjacent to the Company's existing Nowa Sol and Wschowa Concessions, have expanded San Leon's position in western Poland from 2,245 sqkm to 3,560 sqkm (879,695 acres)

The 30/2008/p Gora, 20/2009/p Winsko, and 39/2009/p Rawicz Concessions, totaling 1,314 sqkm, are located in the southern area of the Fore Sudetic Monocline of the Permian Basin, onshore western Poland. These Concessions include portions of license blocks 245, 265, 266, 267, and 268.

The Company now holds 100% of the 30/2088p Gora, 39/2009/p Rawicz, and 20/2009/p Wińsko Concessions for oil and gas reconnaissance and exploration. This includes the transfer of the associated mining usufruct agreements.

San Leon purchased the concessions from Mazovia Energy for a total of USD $1.0 million in cash and shares. As a result of this approval Mazovia Energy were issued with 1,881,125 shares in San Leon Energy on 21 December 2010. San Leon subsidiaries Liesa Energy and Gora Energy have a 100% interest in the Concessions.

Oisín Fanning, Chairman of San Leon commented:
"These acquisitions cement our position as a leading player in unconventional gas in Poland. We believe that this unexplored deeper Carboniferous play, which is prevalent across these Concessions has significant potential. This latest achievement is further testament to the work and the relationships that our own technical team on the ground in Poland have achieved and built in the two years that they have been there."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Approval Received for Further Expansion of Unconventional Gas Acreage in Poland

San Leon, the AIM-traded oil and gas exploration and development company focusing on projects in Poland, Morocco, Albania and the Atlantic Margin, is delighted to report that it has received government approval for the acquisition of 100% interests in three concessions located in the southern area of the Fore Sudetic Monocline of the Permian Basin, onshore western Poland, as previously announced on 15 November 2010.

Highlights:
San Leon's wholly owned Polish subsidiary Liesa Energy Sp. z o.o. ("Liesa Energy") has received approval from the Polish Ministry of Environment for the transfer of the two concessions; 20/2009/p Winsko and 39/2009/p Rawicz, from Mazovia Energy Resources Sp. z o.o. ("Mazovia Energy").

San Leon's wholly owned Polish subsidiary San Leon Poland Sp. z o.o. has also received approval for the takeover of Gora Energy Resources Sp. z o.o. ("Gora Energy"), including the 30/2088p Gora Concession, from Mazovia Energy.
These three Concessions, which are adjacent to the Company's existing Nowa Sol and Wschowa Concessions, have expanded San Leon's position in western Poland from 2,245 sqkm to 3,560 sqkm (879,695 acres)

The 30/2008/p Gora, 20/2009/p Winsko, and 39/2009/p Rawicz Concessions, totaling 1,314 sqkm, are located in the southern area of the Fore Sudetic Monocline of the Permian Basin, onshore western Poland. These Concessions include portions of license blocks 245, 265, 266, 267, and 268.

The Company now holds 100% of the 30/2088p Gora, 39/2009/p Rawicz, and 20/2009/p Wińsko Concessions for oil and gas reconnaissance and exploration. This includes the transfer of the associated mining usufruct agreements.

San Leon purchased the concessions from Mazovia Energy for a total of USD $1.0 million in cash and shares. As a result of this approval Mazovia Energy were issued with 1,881,125 shares in San Leon Energy on 21 December 2010. San Leon subsidiaries Liesa Energy and Gora Energy have a 100% interest in the Concessions.

Oisín Fanning, Chairman of San Leon commented:
"These acquisitions cement our position as a leading player in unconventional gas in Poland. We believe that this unexplored deeper Carboniferous play, which is prevalent across these Concessions has significant potential. This latest achievement is further testament to the work and the relationships that our own technical team on the ground in Poland have achieved and built in the two years that they have been there."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Approval recieved for Durresi Licence, offshore Albania/media-centre/news-releases/2011/february/3/approval-recieved-for-durresi-licence.aspx2011-02-03T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/february/3/approval-recieved-for-durresi-licence.aspx
Highlights:
  • Albanian Council of Ministers' approval has been recieved for the Durresi licence
  • Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin
  • San Leon will now acquire over 300 km2 of 3D seismic over the Block during Q1 2011
  • 3D seismic will evaluate A4-1X discovery and plan for 2012 appraisal drilling programme

San Leon is pleased to announce that the Albanian Government Council of Ministers has approved the Durresi Block Licence Petroleum Complimentary Agreement for San Leon and its partner, Beach Energy Limited ("Beach Energy"). San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. The approval became effective when the decision was published in the Albanian government's official gazette.

The Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin. With the approval of Durresi now gained, San Leon will focus on acquiring over 300 km2 of 3D seismic data during the remainder of Q1 2011.

The 3D seismic programme will evaluate the A4-1X discovery as well as prepare for a 2012 appraisal drilling programme in the undeveloped gas condensate field. Beach Energy has also agreed to pay 50% of the costs, rather than their 25% working interest requirement, for the upcoming 3D seismic programme in exchange for an option which, if exercised, will allow them to hold a 50% working interest in the licence going forward.

The A4-1X field was discovered in 1983, 30 km off the southern coast of Albania. The discovery indicated circa 38 mmbbls of circa 51 API condensate and 150 BCF of gas. The Company is also exploring significant potential multiple plays adjacent to A4-1X targeting both oil and gas. This underexplored, highly prospective, area is situated on the proven Apulian Margin, which extends from Italy into Albania. Southern Albania contains a highly prolific petroleum system including one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, which is estimated to contain up to 5.7 billion barrels of OOIP.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"This project is the catalyst for our Albania exploration programme. We are excited to have received Council of Ministers' approval and can now focus on our upcoming 3D seismic programme. We see great potential in Albania, and are confident of a successful outcome in the upcoming evaluation and appraisal of the A4-1X discovery. Albania is quickly gaining momentum in our portfolio as our subsurface team continues to develop an inventory of exploration opportunities."

ENQUIRIES

San Leon Energy plc Oisín Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292
Macquarie Capital (Europe) Limited John Dwyer
Paul Connolly
Ben Colegrave
+44 (0)203 037 2000
Fox-Davies Capital Limited Phil Davies
David Porter
+44 (0) 203 463 5010
Arbuthnot Securities Limited Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 207 012 2000
College Hill Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 207 012 2000

Qualified person

John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Notes to Editors - Albania:

Information from the World Bank:

Despite the current slowdown induced by the global financial crisis, Albania is nevertheless poised to resume its high growth rates gradually, being one of the few countries avoiding recession in 2009.

Albania's poverty rate was reduced from 25 percent to 12 percent between 2002 and 2008, one of the highest rates of poverty reduction in the ECA region

http://web.worldbank.org.al

Information from the World Bank and the International Monetary Fund:

Projected Real GDP Growth for Albania is 5.5 % in 2010, and 6.5% in 2011.
Highlights:
  • Albanian Council of Ministers' approval has been recieved for the Durresi licence
  • Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin
  • San Leon will now acquire over 300 km2 of 3D seismic over the Block during Q1 2011
  • 3D seismic will evaluate A4-1X discovery and plan for 2012 appraisal drilling programme

San Leon is pleased to announce that the Albanian Government Council of Ministers has approved the Durresi Block Licence Petroleum Complimentary Agreement for San Leon and its partner, Beach Energy Limited ("Beach Energy"). San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. The approval became effective when the decision was published in the Albanian government's official gazette.

The Durresi Block, offshore Albania, is situated along the highly prospective Apulian Margin. With the approval of Durresi now gained, San Leon will focus on acquiring over 300 km2 of 3D seismic data during the remainder of Q1 2011.

The 3D seismic programme will evaluate the A4-1X discovery as well as prepare for a 2012 appraisal drilling programme in the undeveloped gas condensate field. Beach Energy has also agreed to pay 50% of the costs, rather than their 25% working interest requirement, for the upcoming 3D seismic programme in exchange for an option which, if exercised, will allow them to hold a 50% working interest in the licence going forward.

The A4-1X field was discovered in 1983, 30 km off the southern coast of Albania. The discovery indicated circa 38 mmbbls of circa 51 API condensate and 150 BCF of gas. The Company is also exploring significant potential multiple plays adjacent to A4-1X targeting both oil and gas. This underexplored, highly prospective, area is situated on the proven Apulian Margin, which extends from Italy into Albania. Southern Albania contains a highly prolific petroleum system including one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, which is estimated to contain up to 5.7 billion barrels of OOIP.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"This project is the catalyst for our Albania exploration programme. We are excited to have received Council of Ministers' approval and can now focus on our upcoming 3D seismic programme. We see great potential in Albania, and are confident of a successful outcome in the upcoming evaluation and appraisal of the A4-1X discovery. Albania is quickly gaining momentum in our portfolio as our subsurface team continues to develop an inventory of exploration opportunities."

ENQUIRIES

San Leon Energy plc Oisín Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292
Macquarie Capital (Europe) Limited John Dwyer
Paul Connolly
Ben Colegrave
+44 (0)203 037 2000
Fox-Davies Capital Limited Phil Davies
David Porter
+44 (0) 203 463 5010
Arbuthnot Securities Limited Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 207 012 2000
College Hill Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 207 012 2000

Qualified person

John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Notes to Editors - Albania:

Information from the World Bank:

Despite the current slowdown induced by the global financial crisis, Albania is nevertheless poised to resume its high growth rates gradually, being one of the few countries avoiding recession in 2009.

Albania's poverty rate was reduced from 25 percent to 12 percent between 2002 and 2008, one of the highest rates of poverty reduction in the ECA region

http://web.worldbank.org.al

Information from the World Bank and the International Monetary Fund:

Projected Real GDP Growth for Albania is 5.5 % in 2010, and 6.5% in 2011.
Szczecinek 3D seismic survey completed/media-centre/news-releases/2011/february/7/szczecinek-3d-seismic-survey-completed.aspx2011-02-07T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/february/7/szczecinek-3d-seismic-survey-completed.aspx

San Leon is pleased to announce that it has completed a 60 sq. km 3D seismic program over the Szczecinek block in northern Poland. San Leon (50%) and its partner Gas Plus International B.V. (50%) are currently processing the new data and plan to begin detailed interpretation in March with a view to drilling an exploration well later this year. The survey is targeting the high potential "Sylvia" oil prospect in the Main Dolomite of the Permian Zechstein Formation. "Sylvia" is an analogue to two of the largest oil discoveries in Poland, which were only discovered from the early 1990's through early 2000's with potential reserves in excess of 100 mmbbls of recoverable oil.

Oisín Fanning, Chairman of San Leon commented:
"I am delighted that our exploration team will now have the data necessary to evaluate this high potential oil play. The new seismic will enable our in-house team to locate and permit well locations for our planned drilling program."

February 4, 2011

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

San Leon is pleased to announce that it has completed a 60 sq. km 3D seismic program over the Szczecinek block in northern Poland. San Leon (50%) and its partner Gas Plus International B.V. (50%) are currently processing the new data and plan to begin detailed interpretation in March with a view to drilling an exploration well later this year. The survey is targeting the high potential "Sylvia" oil prospect in the Main Dolomite of the Permian Zechstein Formation. "Sylvia" is an analogue to two of the largest oil discoveries in Poland, which were only discovered from the early 1990's through early 2000's with potential reserves in excess of 100 mmbbls of recoverable oil.

Oisín Fanning, Chairman of San Leon commented:
"I am delighted that our exploration team will now have the data necessary to evaluate this high potential oil play. The new seismic will enable our in-house team to locate and permit well locations for our planned drilling program."

February 4, 2011

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Government approves assignment of OMV interest in Rockall Licence to San Leon Energy/media-centre/news-releases/2011/march/16/assignment-of-omv-interest-in-rockall-licence-to-san-leon.aspx2011-03-16T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/march/16/assignment-of-omv-interest-in-rockall-licence-to-san-leon.aspx

Further to an announcement made on 12 January San Leon Energy P.l.c., ("San Leon" or the "Company") is pleased to announce that the Irish government has granted formal approval for the transfer of the OMV (Ireland) Killala Exploration GmbH ("OMV") interest inIrish Continental Shelf Petroleum Exploration Licence No: 3/05 (the "Rockall Licence") to San Leon.

An Addendum to the Rockall Licence was executed between San Leon, OMV and the Irish government. OMV has paid the Company GBP3 million cash and assigned its 50% beneficial interest to San Leon, thereby giving the Company a 100% interest in the licence, effective immediately.

San Leon is currently engaged in a farm out process relating to its Irish Atlantic Margin assets with significant equity being made available on all licenses, including the Rockall Licence which comprises the Killala and Kingfisher prospects.

Oisin Fanning,Executive Chairman of San Leon, commented:
"The Rockall Licence offers two prospects with significant exploration upside and we are excited by the potential to bring in new partners seeking interests in the Atlantic Margin. We are now in a position to farm out this asset on a 100% basis. Coupled with the near completed interpretation of our 2010 3D seismic data over the Slyne area, San Leon continues to enhance the value of its Atlantic Margin portfolio."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Further to an announcement made on 12 January San Leon Energy P.l.c., ("San Leon" or the "Company") is pleased to announce that the Irish government has granted formal approval for the transfer of the OMV (Ireland) Killala Exploration GmbH ("OMV") interest inIrish Continental Shelf Petroleum Exploration Licence No: 3/05 (the "Rockall Licence") to San Leon.

An Addendum to the Rockall Licence was executed between San Leon, OMV and the Irish government. OMV has paid the Company GBP3 million cash and assigned its 50% beneficial interest to San Leon, thereby giving the Company a 100% interest in the licence, effective immediately.

San Leon is currently engaged in a farm out process relating to its Irish Atlantic Margin assets with significant equity being made available on all licenses, including the Rockall Licence which comprises the Killala and Kingfisher prospects.

Oisin Fanning,Executive Chairman of San Leon, commented:
"The Rockall Licence offers two prospects with significant exploration upside and we are excited by the potential to bring in new partners seeking interests in the Atlantic Margin. We are now in a position to farm out this asset on a 100% basis. Coupled with the near completed interpretation of our 2010 3D seismic data over the Slyne area, San Leon continues to enhance the value of its Atlantic Margin portfolio."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Commencement of offshore Albania seismic survey/media-centre/news-releases/2011/march/23/commencement-of-offshore-seismic-survey.aspx2011-03-23T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/march/23/commencement-of-offshore-seismic-survey.aspx

San Leon and its partner, Beach Energy Limited ("Beach Energy"), are pleased to announce they have commenced an 840 square kilometre 3D seismic survey on their Durresi Block,offshore Albania.

Petroleum Geo-Physical AS ("PGS") has been contracted to carry out the survey using the M/V Ramform Vanguard seismic vessel. The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a 2012 appraisal drilling programme.

San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. Beach Energy has agreed to pay 50% of the seismic programme costs, rather than their 25% working interest requirement, in exchange for an option which, if exercised, will allow them to hold a 50% working interest in the licence going forward.

As detailed on 18 September 2009, San Leon has a seismic services agreement with PGS Ventures AS, who is providing a $50m facility for seismic services. San Leon's Albania seismic acquisition costs will be paid for through this agreement.

The Durresi Block contains the undeveloped A4-1X gas condensate field, which was discovered in 1993, 30 km off the southern coast of Albania. The discovery indicated circa 38 mmbbls of circa 51 API condensate and 150 BCF of gas. The Company is also exploring significant potential multiple plays adjacent to A4-1X targeting both oil and gas. This underexplored, highly prospective, area is situated on the proven Apulian Margin, which extends from Italy into Albania. Southern Albania contains a highly prolific petroleum system including one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, which is estimated to contain up to 5.7 billion barrels of OOIP.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"We are delighted that we have been able to mobilise a vessel so quickly after being awarded approval for the Durresi Block at the beginning of February. Albania is generating a lot of international interest at this time and we are excited by the potential we see in our acreage. Our 3D seismic programme is the largest ever carried out in Albania and we are confident that we are on track to drill an A4-1X field appraisal well in 2012."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy

Group and based in San Leon's Warsaw office in Poland.

Notes to Editors - Albania:

Information from the World Bank:


Despite the current slowdown induced by the global financial crisis, Albania is nevertheless poised to resume its high growth rates gradually, being one of the few countries avoiding

recession in 2009.

Albania's poverty rate was reduced from 25 percent to 12 percent between 2002 and 2008, one of the highest rates of poverty reduction in the ECA region

http://web.worldbank.org.al

Information from the World Bank and the International Monetary Fund:

Projected Real GDP Growth for Albania is 5.5 % in 2010, and 6.5% in 2011.

San Leon and its partner, Beach Energy Limited ("Beach Energy"), are pleased to announce they have commenced an 840 square kilometre 3D seismic survey on their Durresi Block,offshore Albania.

Petroleum Geo-Physical AS ("PGS") has been contracted to carry out the survey using the M/V Ramform Vanguard seismic vessel. The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a 2012 appraisal drilling programme.

San Leon, through a subsidiary, holds a 75% interest in the block and is the operator. Beach Energy holds the remaining 25% interest. Beach Energy has agreed to pay 50% of the seismic programme costs, rather than their 25% working interest requirement, in exchange for an option which, if exercised, will allow them to hold a 50% working interest in the licence going forward.

As detailed on 18 September 2009, San Leon has a seismic services agreement with PGS Ventures AS, who is providing a $50m facility for seismic services. San Leon's Albania seismic acquisition costs will be paid for through this agreement.

The Durresi Block contains the undeveloped A4-1X gas condensate field, which was discovered in 1993, 30 km off the southern coast of Albania. The discovery indicated circa 38 mmbbls of circa 51 API condensate and 150 BCF of gas. The Company is also exploring significant potential multiple plays adjacent to A4-1X targeting both oil and gas. This underexplored, highly prospective, area is situated on the proven Apulian Margin, which extends from Italy into Albania. Southern Albania contains a highly prolific petroleum system including one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, which is estimated to contain up to 5.7 billion barrels of OOIP.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"We are delighted that we have been able to mobilise a vessel so quickly after being awarded approval for the Durresi Block at the beginning of February. Albania is generating a lot of international interest at this time and we are excited by the potential we see in our acreage. Our 3D seismic programme is the largest ever carried out in Albania and we are confident that we are on track to drill an A4-1X field appraisal well in 2012."

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy

Group and based in San Leon's Warsaw office in Poland.

Notes to Editors - Albania:

Information from the World Bank:


Despite the current slowdown induced by the global financial crisis, Albania is nevertheless poised to resume its high growth rates gradually, being one of the few countries avoiding

recession in 2009.

Albania's poverty rate was reduced from 25 percent to 12 percent between 2002 and 2008, one of the highest rates of poverty reduction in the ECA region

http://web.worldbank.org.al

Information from the World Bank and the International Monetary Fund:

Projected Real GDP Growth for Albania is 5.5 % in 2010, and 6.5% in 2011.

Joint participation agreement/media-centre/news-releases/2011/march/23/joint-participation-agreement.aspx2011-03-23T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/march/23/joint-participation-agreement.aspx

San Leon Energy and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company ("Al Meinaa"), as per our announcement in January 2010, have signed a Joint Participation Agreement with the Governorate Council of Karbala in Central Iraq.San Leon Energy and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company ("Al Meinaa"), as per our announcement in January 2010, have signed a Joint Participation Agreement with the Governorate Council of Karbala in Central Iraq. Under this Agreement the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) will submit a joint proposal to the Ministry of Oil in Iraq (the "Ministry") for the development of the fields of Kifil, West Kifil and Merjan (the "Project Area") under a production sharing contract. These Fields are located in the Karbala province (Kifil is shared between Karbala and Najaf). San Leon and its partners will shortly enter into formal negotiations with the Ministry about the Project Area.

Oisin Fanning Chairman of San Leon Energy commented:
"This agreement is the culmination of lengthy discussions conducted jointly with Al Meinaa and highlights our commitment to the joint venture agreement which we signed with them in 2010. We believe that the development of the Karbala fields (estimated at 600 mmbbls) will significantly contribute to the local economy. Our partnership in this project with the Governorate Council shows our determination to rely as much as possible on the contribution of local Iraqisto whom we intend to provide technical training in the field of both seismic acquisition and drilling as one of our first priorities.

We do not believe that this project will in any way impinge on our ability to deliver on our current operational timetable in Poland, Morocco and Albania and look forward to providing updates on these programmes shortly."


ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

San Leon Energy and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company ("Al Meinaa"), as per our announcement in January 2010, have signed a Joint Participation Agreement with the Governorate Council of Karbala in Central Iraq.San Leon Energy and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company ("Al Meinaa"), as per our announcement in January 2010, have signed a Joint Participation Agreement with the Governorate Council of Karbala in Central Iraq. Under this Agreement the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) will submit a joint proposal to the Ministry of Oil in Iraq (the "Ministry") for the development of the fields of Kifil, West Kifil and Merjan (the "Project Area") under a production sharing contract. These Fields are located in the Karbala province (Kifil is shared between Karbala and Najaf). San Leon and its partners will shortly enter into formal negotiations with the Ministry about the Project Area.

Oisin Fanning Chairman of San Leon Energy commented:
"This agreement is the culmination of lengthy discussions conducted jointly with Al Meinaa and highlights our commitment to the joint venture agreement which we signed with them in 2010. We believe that the development of the Karbala fields (estimated at 600 mmbbls) will significantly contribute to the local economy. Our partnership in this project with the Governorate Council shows our determination to rely as much as possible on the contribution of local Iraqisto whom we intend to provide technical training in the field of both seismic acquisition and drilling as one of our first priorities.

We do not believe that this project will in any way impinge on our ability to deliver on our current operational timetable in Poland, Morocco and Albania and look forward to providing updates on these programmes shortly."


ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Operational update/media-centre/news-releases/2011/march/30/operational-update.aspx2011-03-30T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/march/30/operational-update.aspx

San Leon Energy Plc ("San Leon" or the "Company"), the AIM listed company focused on oil and gas exploration in Europe and North Africa, is pleased to provide the following operational update on its portfolio of assets.

Poland - Exploration programme continues as planned

  • The acquisition of 60 sqkm of 3D seismic data over Szczecinek Block 106 (San Leon 50%) was completed by the end of January 2011. Data processing was concluded on 15 March 2011 and interpretation is now expected to be completed by early June 2011; with an exploration well planned for Q3 2011.
  • The seismic company, Geofizyka Krakow, is currently acquiring 480 km of 2D seismic data over San Leon's Gdansk W Concession in the Baltic Basin. The programme is expected to be finalized by mid April 2011. Geofizyka Krakow will deploy a second seismic crew for the Braniewo and Szczawno Concessions at the end of March 2011. The entire seismic programme is expected to be completed by June 2011. Seismic processing is being carried out in real-time to select final drilling locations for the upcoming three well drilling programme. The full 480 km 2D seismic programme is 50% complete and a drilling rig has been booked for 1 August 2011, which will be used to drill three back-to-back wells.
  • Geofizyka Krakow has also been contracted to acquire 100 km of 2D seismic over the Company's 100% owned Nida Concession, which is on trend with some of Poland's largest oil fields. The acquisition of this seismic is planned to commence at the end of March before drilling locations are finalised for an upcoming drilling programme. Up to three wells will be drilled, with an expected start date by end of June 2011.
  • San Leon has awarded Hungarian company, Acoustic Geophysical, with the contract to acquire 165 sqkm of 3D seismic data over the Company's Nowa Sol Concession. The 3D seismic programme, which is expected to commence in May 2011, is targeting numerous prospects and leads along the southern Fore Sudetic Monocline of the Permian Basin. This survey is designed to support an upcoming drilling campaign in the Nowa Sol Concession which is currently planned to start in Q4 2011.
  • Work is continuing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions, which cover 880,000 acres. Core analysis and interpretation of historical seismic data is being carried out. The seismic programme across this acreage is scheduled to commence in Q3 2011.
  • Lars Hubert has been appointed as Exploration Manager for San Leon Poland in Warsaw. Lars has 16 years of experience in the oil and gas industry. He joined San Leon Energy from Houston, where he used leading high-end geophysical technology (inversion, AVO, and neural network analysis), combined with structural interpretation and sequence stratigraphic analysis to explore for large, high yield prospects in Texas and Louisiana. Lars also has European, North African and Middle Eastern experience. He has previously held technical positions within Exxon, Halliburton and Schlumberger.

Morocco

  • The Tarfaya Oil Shale pilot project is well advanced. The drilling of two wells (one injector and one producer) began last week and first results are expected towards the end of next month.
  • San Leon is also preparing for its upcoming 1,000 km 2D seismic programme in the Tarfaya and Zag Licences, onshore Morocco. The seismic programme is scheduled to commence in late Q2 2011.
  • Full re-interpretation of the seismic data on the offshore Foum Draa and Sidi Moussa licences is near completion. Once this is successful, the Company is likely to seek farm-in partners for drilling.

Ireland

  • Following the Company's acquisition of Island Oil & Gas plc, San Leon continues to appraise its high impact Atlantic Margin assets and is seeking farm-in partners. To date, seven parties have signed Confidentiality Agreements to review the data.
  • North Porcupine (FEL 1/04) - The company is planning a new 3D seismic programme in the licence for Q3 2011.
  • Slyne Licence (FEL 4/06) - Initial interpretation of some fast track seismic lines from our Q3 2010 300 sqkm 3D seismic programme has begun. Final processing of the 3D is expected by the end of March 2011 with full interpretation expected by early June 2011.
  • Rockall Licence (FEL 3/05) - OMV has assigned its 50% interest to San Leon Energy and paid San Leon £3 million. San Leon now has a 100% working interest in the licence and is seeking farm-in partners.
  • The company is also seeking a farm-in partner for the South Porcupine Licence (FEL 3/08).
  • Polarcus has been contracted to acquire a 3D programme over the Barryroe Licensing Option (08/01) in June this year. The survey is being acquired to further delineate the Barryroe oil discovery which was last drilled in 1990 and flowed at over 1,600 barrels of oil per day.

Albania

  • San Leon received Council of Ministers' approval for the offshore Durresi Block Complimentary Petroleum Agreement on January 28 2011.
  • San Leon and its partner, Beach Energy Limited, have now commenced an 840 sqkm 3D seismic survey. The survey is being carried out by PGS and is expected to be completed by the end of April 2011.
  • The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a planned 2012 exploration and appraisal drilling programme.

Iraq

  • San Leon, and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company, have also signed a Joint Participation Agreement, last week, with the Governorate Council of Karbala in Central Iraq.
  • Under this Agreement the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) will submit a joint proposal to the Ministry of Oil in Iraq for the development of the fields of Kifil, West Kifil and Merjan.

Netherlands

  • The Amstel Field, offshore Netherlands, in which San Leon has a 2.5% royalty, is currently being drilled by new 50% owner GDF SUEZ E&P Nederland B.V.

SeisQuest

  • San Leon is establishing a seismic acquisition company using wireless technology from OyoGeospace (USA) and vibrators from Sercel (France).
  • This crew has already been engaged to conduct the Tarfaya and Zag seismic programmes in Morocco.
  • The Company intends to train Polish nationals on this new technology and employ the new crew on San Leon's future seismic programmes, which will further accelerate the Company's exploration programmes. Currently two seismic companies operate in Poland and both are owned by Poland's PGNiG group.

Oisin Fanning Chairman of San Leon Energy commented:
"San Leon has made significant progress over the last few months and is now entering one of the most active and important periods in the Company's history. Ten wells are being drilled before the end of this year, some of which have the potential to be company makers, including the first wells on our Baltic basin acreage with our partner Talisman. Combined with this we have also recently acquired or are about to acquire approximately 3,000 kms of seismic, which will enable us to firm up a number of prospects and potential drilling sites.

We have built an incredibly exciting portfolio of assets. We also have an exceptional team of individuals who know these assets and regions and, following our fundraising last year, the funds in place to be able to carry out this extensive work programme. I look forward to providing further updates as our programme progresses."

San Leon Energy Plc ("San Leon" or the "Company"), the AIM listed company focused on oil and gas exploration in Europe and North Africa, is pleased to provide the following operational update on its portfolio of assets.

Poland - Exploration programme continues as planned

  • The acquisition of 60 sqkm of 3D seismic data over Szczecinek Block 106 (San Leon 50%) was completed by the end of January 2011. Data processing was concluded on 15 March 2011 and interpretation is now expected to be completed by early June 2011; with an exploration well planned for Q3 2011.
  • The seismic company, Geofizyka Krakow, is currently acquiring 480 km of 2D seismic data over San Leon's Gdansk W Concession in the Baltic Basin. The programme is expected to be finalized by mid April 2011. Geofizyka Krakow will deploy a second seismic crew for the Braniewo and Szczawno Concessions at the end of March 2011. The entire seismic programme is expected to be completed by June 2011. Seismic processing is being carried out in real-time to select final drilling locations for the upcoming three well drilling programme. The full 480 km 2D seismic programme is 50% complete and a drilling rig has been booked for 1 August 2011, which will be used to drill three back-to-back wells.
  • Geofizyka Krakow has also been contracted to acquire 100 km of 2D seismic over the Company's 100% owned Nida Concession, which is on trend with some of Poland's largest oil fields. The acquisition of this seismic is planned to commence at the end of March before drilling locations are finalised for an upcoming drilling programme. Up to three wells will be drilled, with an expected start date by end of June 2011.
  • San Leon has awarded Hungarian company, Acoustic Geophysical, with the contract to acquire 165 sqkm of 3D seismic data over the Company's Nowa Sol Concession. The 3D seismic programme, which is expected to commence in May 2011, is targeting numerous prospects and leads along the southern Fore Sudetic Monocline of the Permian Basin. This survey is designed to support an upcoming drilling campaign in the Nowa Sol Concession which is currently planned to start in Q4 2011.
  • Work is continuing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions, which cover 880,000 acres. Core analysis and interpretation of historical seismic data is being carried out. The seismic programme across this acreage is scheduled to commence in Q3 2011.
  • Lars Hubert has been appointed as Exploration Manager for San Leon Poland in Warsaw. Lars has 16 years of experience in the oil and gas industry. He joined San Leon Energy from Houston, where he used leading high-end geophysical technology (inversion, AVO, and neural network analysis), combined with structural interpretation and sequence stratigraphic analysis to explore for large, high yield prospects in Texas and Louisiana. Lars also has European, North African and Middle Eastern experience. He has previously held technical positions within Exxon, Halliburton and Schlumberger.

Morocco

  • The Tarfaya Oil Shale pilot project is well advanced. The drilling of two wells (one injector and one producer) began last week and first results are expected towards the end of next month.
  • San Leon is also preparing for its upcoming 1,000 km 2D seismic programme in the Tarfaya and Zag Licences, onshore Morocco. The seismic programme is scheduled to commence in late Q2 2011.
  • Full re-interpretation of the seismic data on the offshore Foum Draa and Sidi Moussa licences is near completion. Once this is successful, the Company is likely to seek farm-in partners for drilling.

Ireland

  • Following the Company's acquisition of Island Oil & Gas plc, San Leon continues to appraise its high impact Atlantic Margin assets and is seeking farm-in partners. To date, seven parties have signed Confidentiality Agreements to review the data.
  • North Porcupine (FEL 1/04) - The company is planning a new 3D seismic programme in the licence for Q3 2011.
  • Slyne Licence (FEL 4/06) - Initial interpretation of some fast track seismic lines from our Q3 2010 300 sqkm 3D seismic programme has begun. Final processing of the 3D is expected by the end of March 2011 with full interpretation expected by early June 2011.
  • Rockall Licence (FEL 3/05) - OMV has assigned its 50% interest to San Leon Energy and paid San Leon £3 million. San Leon now has a 100% working interest in the licence and is seeking farm-in partners.
  • The company is also seeking a farm-in partner for the South Porcupine Licence (FEL 3/08).
  • Polarcus has been contracted to acquire a 3D programme over the Barryroe Licensing Option (08/01) in June this year. The survey is being acquired to further delineate the Barryroe oil discovery which was last drilled in 1990 and flowed at over 1,600 barrels of oil per day.

Albania

  • San Leon received Council of Ministers' approval for the offshore Durresi Block Complimentary Petroleum Agreement on January 28 2011.
  • San Leon and its partner, Beach Energy Limited, have now commenced an 840 sqkm 3D seismic survey. The survey is being carried out by PGS and is expected to be completed by the end of April 2011.
  • The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a planned 2012 exploration and appraisal drilling programme.

Iraq

  • San Leon, and its Joint Venture Partner in Iraq Al Meinaa Oil Services Company, have also signed a Joint Participation Agreement, last week, with the Governorate Council of Karbala in Central Iraq.
  • Under this Agreement the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) will submit a joint proposal to the Ministry of Oil in Iraq for the development of the fields of Kifil, West Kifil and Merjan.

Netherlands

  • The Amstel Field, offshore Netherlands, in which San Leon has a 2.5% royalty, is currently being drilled by new 50% owner GDF SUEZ E&P Nederland B.V.

SeisQuest

  • San Leon is establishing a seismic acquisition company using wireless technology from OyoGeospace (USA) and vibrators from Sercel (France).
  • This crew has already been engaged to conduct the Tarfaya and Zag seismic programmes in Morocco.
  • The Company intends to train Polish nationals on this new technology and employ the new crew on San Leon's future seismic programmes, which will further accelerate the Company's exploration programmes. Currently two seismic companies operate in Poland and both are owned by Poland's PGNiG group.

Oisin Fanning Chairman of San Leon Energy commented:
"San Leon has made significant progress over the last few months and is now entering one of the most active and important periods in the Company's history. Ten wells are being drilled before the end of this year, some of which have the potential to be company makers, including the first wells on our Baltic basin acreage with our partner Talisman. Combined with this we have also recently acquired or are about to acquire approximately 3,000 kms of seismic, which will enable us to firm up a number of prospects and potential drilling sites.

We have built an incredibly exciting portfolio of assets. We also have an exceptional team of individuals who know these assets and regions and, following our fundraising last year, the funds in place to be able to carry out this extensive work programme. I look forward to providing further updates as our programme progresses."

"Resources with a conscience" charity Lunch/media-centre/news-releases/2011/april/27/resources-with-a-conscience-charity-lunch.aspx2011-04-27T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/april/27/resources-with-a-conscience-charity-lunch.aspx

Date: Autumn 2011
Time: Champagne reception 12pm
Speeches: 12.45pm
Venue: HAC - Honourable Artillery Company, Armoury House, City Road, London, EC1Y 2BQ

The Ireland Fund of Great Britain is delighted to be the benefiting charity of this prestigious new event.The audience is comprised of VIPs, dignitaries and senior executives from major international andregional energy corporations. The Resources with a Conscience Charity Lunch is the brainchild of Oisín Fanning of San Leon Energy and John Mc Keon of Niche Group Plc who are the event's main sponsors.

The lunch will take place in Autumn 2011, in one of London's most iconic and prestigious venues- The Honourable Artillery Company, in the heart of the City. The event will begin with a Champagne Reception in the glorious grounds followed by a three course lunch in the Prince Consort Room. The afternoon will finish with drinks outside accompanied by the sounds of a jazz quartet.

For further details on reserving a table at this event, please contact Elaine Meade Hill

(020) 79409 852

Case Study:
The Forgotten Irish Campaign was publicly launched on June 15th, 2007 by Peter Sutherland, Chairman of The Ireland Fund of Great Britain. The Campaign aims to raise public awareness and substantial funds to help the many thousands of elderly and vulnerable members of the Irish community in Britain.

WHO ARE THE FORGOTTEN IRISH?
Most of The Forgotten Irish came to Britain in the second half of the twentieth century, during one of the darkest and most impoverished periods of Ireland's history. They came to find work and sent billions of pounds home to their families. Thousands of others came to escape the hardship, marginalisation and all too often, the abuse of institutional life.

WHERE ARE THEY NOW?
Regardless of their motivation or personal background, the fact remains that thousands are still here, living in isolation and reduced circumstances.

Many cannot afford to go home, others need help and support with health issues, or with re-establishing family connections in Ireland. Thousands of others are resigned to living out their lonely lives here, without the support of friends or family.

They paved the way for more recent generations of Irish immigrants to Britain - for people like us. We should not forget them.

The Forgotten Irish Campaign is the primary driving force behind The Ireland Fund of Great Britain's fundraising and grant making activities.

WE NEED YOUR HELP
The need is urgent. Given the age of those we intend to support, and the hardships they have faced, it is likely that many will not survive the next decade.

As they approach their final and most vulnerable years, together, we can help those who never forgot their Irish families and communities.

"I have no hesitation in bluntly putting it to you, that there's an obligation to help, and that we need your help; that the beneficiaries of The Forgotten Irish Campaign are the people that deserve your help."

Peter Sutherland - Chairman - The Ireland Fund of Great Britain.

Date: Autumn 2011
Time: Champagne reception 12pm
Speeches: 12.45pm
Venue: HAC - Honourable Artillery Company, Armoury House, City Road, London, EC1Y 2BQ

The Ireland Fund of Great Britain is delighted to be the benefiting charity of this prestigious new event.The audience is comprised of VIPs, dignitaries and senior executives from major international andregional energy corporations. The Resources with a Conscience Charity Lunch is the brainchild of Oisín Fanning of San Leon Energy and John Mc Keon of Niche Group Plc who are the event's main sponsors.

The lunch will take place in Autumn 2011, in one of London's most iconic and prestigious venues- The Honourable Artillery Company, in the heart of the City. The event will begin with a Champagne Reception in the glorious grounds followed by a three course lunch in the Prince Consort Room. The afternoon will finish with drinks outside accompanied by the sounds of a jazz quartet.

For further details on reserving a table at this event, please contact Elaine Meade Hill

(020) 79409 852

Case Study:
The Forgotten Irish Campaign was publicly launched on June 15th, 2007 by Peter Sutherland, Chairman of The Ireland Fund of Great Britain. The Campaign aims to raise public awareness and substantial funds to help the many thousands of elderly and vulnerable members of the Irish community in Britain.

WHO ARE THE FORGOTTEN IRISH?
Most of The Forgotten Irish came to Britain in the second half of the twentieth century, during one of the darkest and most impoverished periods of Ireland's history. They came to find work and sent billions of pounds home to their families. Thousands of others came to escape the hardship, marginalisation and all too often, the abuse of institutional life.

WHERE ARE THEY NOW?
Regardless of their motivation or personal background, the fact remains that thousands are still here, living in isolation and reduced circumstances.

Many cannot afford to go home, others need help and support with health issues, or with re-establishing family connections in Ireland. Thousands of others are resigned to living out their lonely lives here, without the support of friends or family.

They paved the way for more recent generations of Irish immigrants to Britain - for people like us. We should not forget them.

The Forgotten Irish Campaign is the primary driving force behind The Ireland Fund of Great Britain's fundraising and grant making activities.

WE NEED YOUR HELP
The need is urgent. Given the age of those we intend to support, and the hardships they have faced, it is likely that many will not survive the next decade.

As they approach their final and most vulnerable years, together, we can help those who never forgot their Irish families and communities.

"I have no hesitation in bluntly putting it to you, that there's an obligation to help, and that we need your help; that the beneficiaries of The Forgotten Irish Campaign are the people that deserve your help."

Peter Sutherland - Chairman - The Ireland Fund of Great Britain.

Commencement of offshore Ireland seismic survey/media-centre/news-releases/2011/may/3/commencement-of-offshore-seismic-survey.aspx2011-05-03T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/may/3/commencement-of-offshore-seismic-survey.aspx

San Leon, through a wholly owned subsidiary, currently holds a 41.5% interest in the block and is the operator. Valhalla Oil and Gas Limited ("Valhalla") holds 38.5% and Supernova Ireland Resources B.V. ("Supernova") holds 20%. Through a farm-in agreement with Valhalla, San Leon has agreed to pay 80% of the seismic programme costs, rather than its 41.5% working interest requirement. In exchange, San Leon will gain a further 32.5% working interest in the licence from Valhalla. Following the survey and government regulatory approval, San Leon will hold 74%, Supernova will hold 20% and Valhalla will hold 6%.

As detailed on 18 September 2009, San Leon has a seismic services agreement with PGS Ventures AS, who is providing a $50m facility for seismic services.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"We are delighted that we have been able to mobilise a vessel for this survey so quickly after the completion of the 840 square kilometre survey offshore Albania three weeks ago. This is a testament to San Leon's ability to capitalise on opportunities when they arise.

The farm-in agreement with Valhalla allows us to move this asset forward and seek new farm-in partners for the drilling of a well. The Porcupine Connemara Oil field already offers a future development opportunity within the Licence and we expect the C1 Lead to at least compliment Connemara. We believe the Atlantic margin offshore Ireland is underexplored and is in the same position as the North Sea was 40 years ago. This 3D programme will allow us to map a very exciting one billion barrel oil target."

North Porcupine FEL 1/04 Licence, offshore Ireland.

The Porcupine Basin C1 Lead is located in Licence FEL 1/04 in the northern main Porcupine Basin and targets a mapped turbidite fan pinchout, considered to be analogous to the Buzzard Field in the Morray Firth Basin offshore United Kingdom. Mounded depositional forms are clearly visible on 2D seismic above the base Cretaceous unconformity. Thick Lower Cretaceous shales overlie the unconformity in wells located updip to the pinchout.

The hydrocarbon system at Lower Cretaceous level is proven by the Burren oil discovery to the south and the capacity of Upper Jurassic source rocks to generate large volumes of hydrocarbons is established by the adjacent full to spill Upper Jurassic Connemara Oil Field. A best case in place resource of 1097 million barrels has been calculated for the C1 lead. The C1 Lead represents an untested play type in the Porcupine Basin.
Licence FEL 1/04 also encompasses the discovered Connemara Field and the H Prospect. A pilot development programme has been outlined for the Connemara Field, targeting mid case in place resources of 67 MMBO, out of total field mid case in place resources of 151 MMBO.

The H Prospect consists of a tilted fault block located adjacent to the Connemara Field. The full to spill H Prospect OIIP calculation for the mapped Oxfordian reservoir, which is also the main reservoir at Connemara, is 913 MMBO.

Discoveries at C1 and H could benefit from the existing discovered hydrocarbons at Connemara.

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy
Group and based in San Leon's Warsaw office in Poland.

San Leon, through a wholly owned subsidiary, currently holds a 41.5% interest in the block and is the operator. Valhalla Oil and Gas Limited ("Valhalla") holds 38.5% and Supernova Ireland Resources B.V. ("Supernova") holds 20%. Through a farm-in agreement with Valhalla, San Leon has agreed to pay 80% of the seismic programme costs, rather than its 41.5% working interest requirement. In exchange, San Leon will gain a further 32.5% working interest in the licence from Valhalla. Following the survey and government regulatory approval, San Leon will hold 74%, Supernova will hold 20% and Valhalla will hold 6%.

As detailed on 18 September 2009, San Leon has a seismic services agreement with PGS Ventures AS, who is providing a $50m facility for seismic services.

Oisín Fanning, Executive Chairman of San Leon Energy, commented:
"We are delighted that we have been able to mobilise a vessel for this survey so quickly after the completion of the 840 square kilometre survey offshore Albania three weeks ago. This is a testament to San Leon's ability to capitalise on opportunities when they arise.

The farm-in agreement with Valhalla allows us to move this asset forward and seek new farm-in partners for the drilling of a well. The Porcupine Connemara Oil field already offers a future development opportunity within the Licence and we expect the C1 Lead to at least compliment Connemara. We believe the Atlantic margin offshore Ireland is underexplored and is in the same position as the North Sea was 40 years ago. This 3D programme will allow us to map a very exciting one billion barrel oil target."

North Porcupine FEL 1/04 Licence, offshore Ireland.

The Porcupine Basin C1 Lead is located in Licence FEL 1/04 in the northern main Porcupine Basin and targets a mapped turbidite fan pinchout, considered to be analogous to the Buzzard Field in the Morray Firth Basin offshore United Kingdom. Mounded depositional forms are clearly visible on 2D seismic above the base Cretaceous unconformity. Thick Lower Cretaceous shales overlie the unconformity in wells located updip to the pinchout.

The hydrocarbon system at Lower Cretaceous level is proven by the Burren oil discovery to the south and the capacity of Upper Jurassic source rocks to generate large volumes of hydrocarbons is established by the adjacent full to spill Upper Jurassic Connemara Oil Field. A best case in place resource of 1097 million barrels has been calculated for the C1 lead. The C1 Lead represents an untested play type in the Porcupine Basin.
Licence FEL 1/04 also encompasses the discovered Connemara Field and the H Prospect. A pilot development programme has been outlined for the Connemara Field, targeting mid case in place resources of 67 MMBO, out of total field mid case in place resources of 151 MMBO.

The H Prospect consists of a tilted fault block located adjacent to the Connemara Field. The full to spill H Prospect OIIP calculation for the mapped Oxfordian reservoir, which is also the main reservoir at Connemara, is 913 MMBO.

Discoveries at C1 and H could benefit from the existing discovered hydrocarbons at Connemara.

ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
Phil Davies
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Ben Wells
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy
Group and based in San Leon's Warsaw office in Poland.

Operational update/media-centre/news-releases/2011/june/24/operational-update.aspx2011-06-24T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/june/24/operational-update.aspx

San Leon, the AIM-traded oil and gas exploration and development company focusing on projects in Poland, Morocco, Albania and the Atlantic Margin, is pleased to provide the following Operational Update.

Poland - Exploration programme continues as planned

  • Interpretation and prospect evaluation is ongoing in Szczecinek Block 106 (San leon 50%). San Leon and its partner, Gas Plus, are looking at further studies including a regional core study to evaluate the paleogeography and continued evaluation of the newly acquired 3D survey. Gas Plus, the operator of the licence, are likely to delay drilling until 2012 (from Q3 2011) due to internal planning considerations.
  • The Baltic Basic 2D seismic programme, over the Gdansk W, Braniewo and Szczawno Concessions, was completed in June 2011. The Company successfully acquired 480 km of 2D data. The programme was completed with a perfect HSE (Health, Safety and Environment) performance. A drilling rig has been booked for 1 August 2011, which will be used to drill three back-to-back wells.
  • Geofizyka Krakow completed 120 km of high quality 2D seismic over the Company's 100% owned Nida Concession in May 2011. The data has been interpreted and confirmed three high potential structures on trend with the prolific Grobla and Plowice oil fields. A San Leon subsidiary, Vabush Energy, plans to drill two of these prospects commencing in July/August 2011.
  • Acoustic Geophysical has started the acquisition of 165 km2 of 3D seismic on the Company's 100% owned Nowa Sol Concession. The survey is currently c.20% complete and is seeking to delineate numerous prospects and leads along the southern Fore Sudetic Monocline of the Permian Basin. This survey is designed to support an upcoming drilling campaign in the Nowa Sol Concession which is currently planned to start in Q4 2011.
  • Work is ongoing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions (San Leon 100%). The Company continues to evaluate the existing core and well data in preparation for the first exploration well in the area which is planned for Q4 2011. Core analysis is being performed by TerraTek (Schlumberger) and the Polish Oil & Gas Institute in Krakow. Petrophysics on the existing well logs has been performed by NuTech.

Morocco

  • The Tarfaya Oil Shale pilot project is well advanced.
  • The base camp has been constructed and all operational personnel are on site with all communications systems in place.2 of 4
  • The pilot plant site construction and the assembly of the process equipment has been completed.
  • Two wells have been drilled at a distance of 10 meters apart confirming the presence of 30 metres of prospective oil shale at a depth of 195 meters. This is slightly thicker than the original prognosis. The initial model provided by ONHYM (Morocco National Office of Hydrocarbons and Mines) has also been confirmed by the well logs.
  • A pre frac injection test with water was applied to collect data concerning the natural connectivity between the two wells and was followed by a mini hydro frac. This was unable to establish connectivity between the wells.
  • Initial analysis of these tests has suggested the presence of natural fractures in the shale. San Leon is encouraged by the possibility of these natural fractures which could enhance the propagation of heated gas throughout the prospective intervals.
  • The Company is re-evaluating the technical programme to incorporate the new data gained from these tests into its model for commercial extraction of oil from the Tarfaya Shale.
  • The Company plans to drill a third test well using the same rig in August 2011. Core data will be collected, from this well, in order to evaluate the local geologic parameters of the prospective shale interval as well as the presence and orientation of any natural fractures at the pilot location. Following the drilling of the third well, San Leon will again perform a small frac on the shale to establish connectivity between the wells. Based upon these results injection tests will be designed to take advantage of the fractures.
  • Upon successful flow testing with water, followed by nitrogen, propane will subsequently be brought to the pilot plant to test the process of heating the shale with natural gas.
  • San Leon's new seismic acquisition subsidiary, NovaSeis, is up and running in Morocco. NovaSeis plans to start the acquisition of 1,200 km of 2D seismic in its Tarfaya and Zag Licences by July 1, 2011.
  • Full re-interpretation of the seismic data on the offshore Foum Draa and Sidi Moussa Licences is near completion. Once this is successful, the Company is likely to seek farm-in partners for drilling.

Ireland

  • Following the Company's acquisition of Island Oil & Gas plc, San Leon continues to appraise its high impact Atlantic Margin assets and is seeking farm-in partners.
  • San Leon completed a 250 km2 3D seismic survey on the North Porcupine Licence (FEL 1/04) in May 2011. The offshore survey was designed to evaluate the highly prospective C1 Lead. PGS Exploration UK Limited was contracted to carry out the survey using the M/V Ramform Vanguard. San Leon has a seismic services agreement with PGS Ventures AS, who is providing a US$50m facility for seismic services, part of which was used for this survey. We expect to finalise the data processing contractor(s) in the coming weeks. Seismic processing is expected to be complete in early Q4 2011.
  • The Company continues to interpret the 300 km2 Slyne Licence (FEL 4/06) 3D survey. Delays in processing and interpretations are the result of very complex structural issues and significant surface volcanics which have made imaging some areas of the survey very difficult. The initial interpretation is encouraging and the Company plans to open a data room in August/September 2011.
  • Following the completion of the assignment of OMV's 50% interest in Rockall Licence (FEL 3/05) to San Leon in March 2011, the Company had insufficient time to secure a 3 of 4 seismic survey vessel for the licence in Summer 2011. San Leon expects to apply to the Irish Government for a licence extension.
  • The company is also considering several options for data acquisition/analysis of the South Porcupine Licence (FEL 3/08) including 2D/3D seismic and controlled source electro magnetic data acquisition with a view to seeking a farm-in partner to the licence.
  • 3D seismic acquisition operations have commenced on Barryroe Licensing Option (08/01) in the north Celtic Sea, offshore Ireland. Polarcus has been contracted to carry out a 220 km2 survey, which is expected to be completed by the end of June.

Albania

  • The 840 km2 Durresi Block 3D seismic acquisition survey was completed in April 2011. The data is currently being processed by Western Geophysical in London, who are expected to deliver the final processed data in early Q4 2011. Parallel interpretation and prospect generation will continue in the interim.
  • The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a planned 2012 exploration and appraisal drilling programme.


Netherlands

  • GDF Suez E&P Nederland B.V, the new 50% owner in the Amstel Field, offshore Netherlands, has successfully completed the drilling of an appraisal well on 29 March 2011. The partners are currently evaluating a development plan for the oil field, in which San Leon Energy holds a 2.5% royalty.

Italy

  • San Leon has notified the Italian authorities that it is relinquishing two offshore Sicily permits. The Company has made the decision following the publication of a new Italian Environmental Law in June 2010 which placed tighter restrictions on oil and gas exploration within five nautical miles of the coast and twelve nautical miles of any protected environmental area. In effect, San Leon would not have gained an environmental authorisation to drill exploration or appraisal wells in two permit areas, D.352 CR-SL (Narciso) and D.354 CR-SL (Sciacca). The relinquishment will become effective upon publication of a notice in the official Italian Ministerial Gazette, B.U.I.G.. San Leon will continue to retain D.353 CR-SL (Narciso South) and its two onshore Po Valley assets Sorbolo and Sospiro.


Oisin Fanning, Chairman of San Leon Energy commented:
"We continue to make steady progress and meet our objectives as we move from seismic acquisition to drilling on many of our licences. The completion of three seismic acquisition programmes in Poland, particularly the 2D seismic acquisition in the Baltic Basin, and the start of another programme on our Nowa Sol Concession mean our shareholders can now look forward to drilling these prospects over the coming months.

Furthermore, our new seismic acquisition company, Novaseis, is about to begin the first of two seismic acquisition programmes in Morocco and this follows the successful completion of our offshore Albania and Atlantic Margin Ireland surveys.

The Company's operational and technical capacity continues to grow in line with our increasing activity, particularly in Poland, where our knowledge base and expertise is geared towards delivering near term value for our shareholders."


ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw
office in Poland.

San Leon, the AIM-traded oil and gas exploration and development company focusing on projects in Poland, Morocco, Albania and the Atlantic Margin, is pleased to provide the following Operational Update.

Poland - Exploration programme continues as planned

  • Interpretation and prospect evaluation is ongoing in Szczecinek Block 106 (San leon 50%). San Leon and its partner, Gas Plus, are looking at further studies including a regional core study to evaluate the paleogeography and continued evaluation of the newly acquired 3D survey. Gas Plus, the operator of the licence, are likely to delay drilling until 2012 (from Q3 2011) due to internal planning considerations.
  • The Baltic Basic 2D seismic programme, over the Gdansk W, Braniewo and Szczawno Concessions, was completed in June 2011. The Company successfully acquired 480 km of 2D data. The programme was completed with a perfect HSE (Health, Safety and Environment) performance. A drilling rig has been booked for 1 August 2011, which will be used to drill three back-to-back wells.
  • Geofizyka Krakow completed 120 km of high quality 2D seismic over the Company's 100% owned Nida Concession in May 2011. The data has been interpreted and confirmed three high potential structures on trend with the prolific Grobla and Plowice oil fields. A San Leon subsidiary, Vabush Energy, plans to drill two of these prospects commencing in July/August 2011.
  • Acoustic Geophysical has started the acquisition of 165 km2 of 3D seismic on the Company's 100% owned Nowa Sol Concession. The survey is currently c.20% complete and is seeking to delineate numerous prospects and leads along the southern Fore Sudetic Monocline of the Permian Basin. This survey is designed to support an upcoming drilling campaign in the Nowa Sol Concession which is currently planned to start in Q4 2011.
  • Work is ongoing in the Carboniferous shale play across the Wschowa, Gora, Winsko and Rawicz Concessions (San Leon 100%). The Company continues to evaluate the existing core and well data in preparation for the first exploration well in the area which is planned for Q4 2011. Core analysis is being performed by TerraTek (Schlumberger) and the Polish Oil & Gas Institute in Krakow. Petrophysics on the existing well logs has been performed by NuTech.

Morocco

  • The Tarfaya Oil Shale pilot project is well advanced.
  • The base camp has been constructed and all operational personnel are on site with all communications systems in place.2 of 4
  • The pilot plant site construction and the assembly of the process equipment has been completed.
  • Two wells have been drilled at a distance of 10 meters apart confirming the presence of 30 metres of prospective oil shale at a depth of 195 meters. This is slightly thicker than the original prognosis. The initial model provided by ONHYM (Morocco National Office of Hydrocarbons and Mines) has also been confirmed by the well logs.
  • A pre frac injection test with water was applied to collect data concerning the natural connectivity between the two wells and was followed by a mini hydro frac. This was unable to establish connectivity between the wells.
  • Initial analysis of these tests has suggested the presence of natural fractures in the shale. San Leon is encouraged by the possibility of these natural fractures which could enhance the propagation of heated gas throughout the prospective intervals.
  • The Company is re-evaluating the technical programme to incorporate the new data gained from these tests into its model for commercial extraction of oil from the Tarfaya Shale.
  • The Company plans to drill a third test well using the same rig in August 2011. Core data will be collected, from this well, in order to evaluate the local geologic parameters of the prospective shale interval as well as the presence and orientation of any natural fractures at the pilot location. Following the drilling of the third well, San Leon will again perform a small frac on the shale to establish connectivity between the wells. Based upon these results injection tests will be designed to take advantage of the fractures.
  • Upon successful flow testing with water, followed by nitrogen, propane will subsequently be brought to the pilot plant to test the process of heating the shale with natural gas.
  • San Leon's new seismic acquisition subsidiary, NovaSeis, is up and running in Morocco. NovaSeis plans to start the acquisition of 1,200 km of 2D seismic in its Tarfaya and Zag Licences by July 1, 2011.
  • Full re-interpretation of the seismic data on the offshore Foum Draa and Sidi Moussa Licences is near completion. Once this is successful, the Company is likely to seek farm-in partners for drilling.

Ireland

  • Following the Company's acquisition of Island Oil & Gas plc, San Leon continues to appraise its high impact Atlantic Margin assets and is seeking farm-in partners.
  • San Leon completed a 250 km2 3D seismic survey on the North Porcupine Licence (FEL 1/04) in May 2011. The offshore survey was designed to evaluate the highly prospective C1 Lead. PGS Exploration UK Limited was contracted to carry out the survey using the M/V Ramform Vanguard. San Leon has a seismic services agreement with PGS Ventures AS, who is providing a US$50m facility for seismic services, part of which was used for this survey. We expect to finalise the data processing contractor(s) in the coming weeks. Seismic processing is expected to be complete in early Q4 2011.
  • The Company continues to interpret the 300 km2 Slyne Licence (FEL 4/06) 3D survey. Delays in processing and interpretations are the result of very complex structural issues and significant surface volcanics which have made imaging some areas of the survey very difficult. The initial interpretation is encouraging and the Company plans to open a data room in August/September 2011.
  • Following the completion of the assignment of OMV's 50% interest in Rockall Licence (FEL 3/05) to San Leon in March 2011, the Company had insufficient time to secure a 3 of 4 seismic survey vessel for the licence in Summer 2011. San Leon expects to apply to the Irish Government for a licence extension.
  • The company is also considering several options for data acquisition/analysis of the South Porcupine Licence (FEL 3/08) including 2D/3D seismic and controlled source electro magnetic data acquisition with a view to seeking a farm-in partner to the licence.
  • 3D seismic acquisition operations have commenced on Barryroe Licensing Option (08/01) in the north Celtic Sea, offshore Ireland. Polarcus has been contracted to carry out a 220 km2 survey, which is expected to be completed by the end of June.

Albania

  • The 840 km2 Durresi Block 3D seismic acquisition survey was completed in April 2011. The data is currently being processed by Western Geophysical in London, who are expected to deliver the final processed data in early Q4 2011. Parallel interpretation and prospect generation will continue in the interim.
  • The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the A4-1X discovery, in preparation for a planned 2012 exploration and appraisal drilling programme.


Netherlands

  • GDF Suez E&P Nederland B.V, the new 50% owner in the Amstel Field, offshore Netherlands, has successfully completed the drilling of an appraisal well on 29 March 2011. The partners are currently evaluating a development plan for the oil field, in which San Leon Energy holds a 2.5% royalty.

Italy

  • San Leon has notified the Italian authorities that it is relinquishing two offshore Sicily permits. The Company has made the decision following the publication of a new Italian Environmental Law in June 2010 which placed tighter restrictions on oil and gas exploration within five nautical miles of the coast and twelve nautical miles of any protected environmental area. In effect, San Leon would not have gained an environmental authorisation to drill exploration or appraisal wells in two permit areas, D.352 CR-SL (Narciso) and D.354 CR-SL (Sciacca). The relinquishment will become effective upon publication of a notice in the official Italian Ministerial Gazette, B.U.I.G.. San Leon will continue to retain D.353 CR-SL (Narciso South) and its two onshore Po Valley assets Sorbolo and Sospiro.


Oisin Fanning, Chairman of San Leon Energy commented:
"We continue to make steady progress and meet our objectives as we move from seismic acquisition to drilling on many of our licences. The completion of three seismic acquisition programmes in Poland, particularly the 2D seismic acquisition in the Baltic Basin, and the start of another programme on our Nowa Sol Concession mean our shareholders can now look forward to drilling these prospects over the coming months.

Furthermore, our new seismic acquisition company, Novaseis, is about to begin the first of two seismic acquisition programmes in Morocco and this follows the successful completion of our offshore Albania and Atlantic Margin Ireland surveys.

The Company's operational and technical capacity continues to grow in line with our increasing activity, particularly in Poland, where our knowledge base and expertise is geared towards delivering near term value for our shareholders."


ENQUIRIES

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw
office in Poland.

Notice of Annual General Meeting/media-centre/news-releases/2011/june/29/notice-of-agm-2011.aspx2011-06-29T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/june/29/notice-of-agm-2011.aspx

San Leon Energy Public Limited Company
("the Company")

Notice of Annual General Meeting

NOTICE is hereby given that an Annual General Meeting of the Company will be held on Friday 23rd September 2011 at 11.00 am in the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland for the purpose of considering, and if thought fit, passing the following resolutions as ordinary resolutions:-

Ordinary Business

1 To receive and consider the Report of the Directors and Financial Statements for the year ended 31 December 2010.

2 (a) To elect Dr. John Buggenhagen as a Director of the Company.

(b) To elect Mr. Daniel Thomas Martin as a Director of the Company.

(c) To re-elect Mr. Raymond King as a Director of the Company who retires in accordance with the Articles of Association.

(d) To re-elect Mr. Paul Sullivan as a Director of the Company who retires in accordance with the Articles of Association.

3 To authorise the Directors to fix the remuneration of the Auditors.

By Order of the Board
Raymond A. King
Director and Secretary

Dated 30 June 2011

Notes:

a. Any shareholder of the Company entitled to attend and vote may appoint another person (whether a member or not) as

his/her proxy to attend, speak and vote on his/her behalf. For this purpose a form of proxy is enclosed with this Notice.

A proxy need not be a shareholder of the Company. Lodgement of the form of proxy will not prevent the shareholder from attending and voting at the meeting.

b. Only shareholders, proxies and authorised representatives of corporations, which are shareholders, are entitled to attend the AGM.

c. To be valid, the form of proxy and, if relevant, the power of attorney under which it is signed, or a certified copy of that power of attorney, must be received by the Company at Computershare Investor Services (Ireland) Limited, Heron House, Corrig Road, Sandyford Industrial Estate, Dublin 18, Ireland not less than 48 hours prior to the time appointed for the meeting.

d. In the case of joint holders, the vote of the senior holder who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holder(s) and for this purpose seniority will be determined by the order in which the names stand in the register of members of the Company in respect of the relevant joint holding.

e. The Company, pursuant to Regulation 14 of the Companies Act 1990 (Uncertificated Securities) Regulations 1996 (the ''Regulations''), specifies that only those shareholders registered in the Register of Members of the Company as at 6.00 p.m. on 21st September 2011 (or in the case of an adjournment as at 6.00 p.m. on the day which is two days before the date of the adjourned meeting) shall be entitled to attend and vote at the meeting in respect of the number of shares registered in their name at the time. Changes to entries in the register after that time will be disregarded in determining the right of any person to attend and/or vote at the meeting.

San Leon Energy Public Limited Company
("the Company")

Notice of Annual General Meeting

NOTICE is hereby given that an Annual General Meeting of the Company will be held on Friday 23rd September 2011 at 11.00 am in the Herbert Park Hotel, Ballsbridge, Dublin 4, Ireland for the purpose of considering, and if thought fit, passing the following resolutions as ordinary resolutions:-

Ordinary Business

1 To receive and consider the Report of the Directors and Financial Statements for the year ended 31 December 2010.

2 (a) To elect Dr. John Buggenhagen as a Director of the Company.

(b) To elect Mr. Daniel Thomas Martin as a Director of the Company.

(c) To re-elect Mr. Raymond King as a Director of the Company who retires in accordance with the Articles of Association.

(d) To re-elect Mr. Paul Sullivan as a Director of the Company who retires in accordance with the Articles of Association.

3 To authorise the Directors to fix the remuneration of the Auditors.

By Order of the Board
Raymond A. King
Director and Secretary

Dated 30 June 2011

Notes:

a. Any shareholder of the Company entitled to attend and vote may appoint another person (whether a member or not) as

his/her proxy to attend, speak and vote on his/her behalf. For this purpose a form of proxy is enclosed with this Notice.

A proxy need not be a shareholder of the Company. Lodgement of the form of proxy will not prevent the shareholder from attending and voting at the meeting.

b. Only shareholders, proxies and authorised representatives of corporations, which are shareholders, are entitled to attend the AGM.

c. To be valid, the form of proxy and, if relevant, the power of attorney under which it is signed, or a certified copy of that power of attorney, must be received by the Company at Computershare Investor Services (Ireland) Limited, Heron House, Corrig Road, Sandyford Industrial Estate, Dublin 18, Ireland not less than 48 hours prior to the time appointed for the meeting.

d. In the case of joint holders, the vote of the senior holder who tenders a vote, whether in person or by proxy, will be accepted to the exclusion of the votes of the other joint holder(s) and for this purpose seniority will be determined by the order in which the names stand in the register of members of the Company in respect of the relevant joint holding.

e. The Company, pursuant to Regulation 14 of the Companies Act 1990 (Uncertificated Securities) Regulations 1996 (the ''Regulations''), specifies that only those shareholders registered in the Register of Members of the Company as at 6.00 p.m. on 21st September 2011 (or in the case of an adjournment as at 6.00 p.m. on the day which is two days before the date of the adjourned meeting) shall be entitled to attend and vote at the meeting in respect of the number of shares registered in their name at the time. Changes to entries in the register after that time will be disregarded in determining the right of any person to attend and/or vote at the meeting.

Final results for the year ended 31 December 2010 /media-centre/news-releases/2011/june/29/final-results-for-the-year-ended-31-dec-2010.aspx2011-06-29T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/june/29/final-results-for-the-year-ended-31-dec-2010.aspx

San Leon Energy plc ("San Leon", "Group" or the "Company"), the AIM listed company focused on oil and gas exploration in Europe and North Africa today announces its audited final results for the year ended 31 December 2010.

2010 Highlights:

Financial:

  • Raised US$93 million (GBP £59.6m) via an equity placing
  • Loss for the year decreased to €3.98m (2009: €5.52m) with a resulting decrease in loss per share to 1.02 cent per share (2009: 1.92 cent per share).
  • Administrative expenses decreased to €4.21m (2009: €5.08m)
  • Group net assets increased by €88.2m to €121.23m (2009: €33.03m)
  • Cash balances of €67.17m at 31 December 2010 (2009: €1.98m)

Operational:

  • Signed Farm-in Agreement with Talisman across Baltic Basin acreage
  • Awarded 1,167 km2 Nida Concession, Poland
  • Awarded 603 km2 Szczawno Concession, Baltic Basin, Poland
  • Completed 300 km2 3D seismic acquisition programme, offshore Ireland
  • Awarded expansion to the Gdansk W Concession, Baltic Basin, Poland
  • Acquired Gora, Winsko and Rawicz Concessions totalling 1,314 km2, Southern Permian Basin, Poland
  • Commenced 480 km2 Baltic Basin 2D seismic acquisition programme
  • Signed Iraq Joint Venture Agreement with Al Meinaa Oil Services Company

Corporate:

  • Completed acquisition of Island Oil & Gas Plc
  • Appointed Macquarie Capital (Europe) Limited as corporate broker

Outlook:

  • Drilling up to 13 wells in 2011
  • Three well drilling programme commencing in Q3 2011 on Baltic Basin acerage
  • First of a three well programme targeting conventional oil in Poland will be drilled in Q3 2011
  • Drilling of two wells at Tarfaya Oil Shale project began in Q2 2011, a third well is currently being planned
  • 1,200 km 2D seismic survey to be acquired over Tarfaya and Zag licences - expected to be completed by the end of 2011
  • Acquiring 220 km2 of 3D seismic over Barryroe licensing option
  • Seeking Farm-in partners to drill wells / acquire seismic data on Atlantic Margin licences
  • Established seismic acquisition Company - Novaseis Sp.z o.o.
  • Joint Participation Agreement signed in March 2011 with Governorate Council of Karbala in central Iraq

Oisin Fanning, Chairman of San Leon, commented:
"Throughout 2010, the board raised significant finance to fund our operations. These financing efforts culminated in the successful US$93m (£59.6m) equity placing in December 2010. This placing marked a sea change in the financial position of the Group and provides sufficient resources to fund our comprehensive planned work programme, across our portfolio, over the next 18 months. We have delivered on our stated objectives to date and now have an extensive drilling campaign ahead of us which will continue to generate significant value for our shareholders."

Enquiries to:

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Chairman's Statement
2010 was a pivotal year for San Leon. We have successfully built a diversified and high-impact portfolio of assets comprising acreage positions in Poland, Albania, Morocco, Ireland and Italy. We completed a US$93m (£59.6m) equity placing in December 2010 that added significant strength to our shareholder register. This placement was very well received and signalled our shift in strategic emphasis from acreage acquisition to putting the drill-bit to work in 2011 and beyond.

We have delivered on our stated objectives to date and now have an extensive drilling campaign ahead of us which will continue to generate significant value for our shareholders.

We accumulated two major shale gas positions in Poland, one of which was farmed out to a leading North American shale operator, Talisman Energy, in February 2010. We expanded our acreage in Morocco; secured new licence interests in Albania and Ireland; and underpinned our future growth.

We are extremely grateful for the support of all our shareholders. San Leon has truly established itself as a strong niche player in the oil and gas industry and we are continuing to build on that success through 2011.

San Leon delivered high growth and a strong financial performance in 2010. Two key contributing factors have been the ability of the Board to generate funds to finance its activities through successful equity placings and prudent use of equity to finance acquisitions which have expanded our asset base.

Throughout 2010, the board raised significant finance to fund operations and the group also issued approximately €14.9m in non-cash share consideration to complete the Island Oil & Gas Plc ("IOG") and Gora Energy Resources Sp. z o.o. acquisitions. The Board's financing efforts culminated in the hugely successful US$93m (£59.6m) equity placing in December 2010. This placing marked a sea change in the financial position of the Group and will provide the resources to fund an extensive planned work programme over the next 18 months. This placing also added strong institutional shareholders to the existing base.

The net loss for the year attributable to equity shareholders decreased to €3.98m in 2010 (2009: €5.52m) with a resulting decrease in loss per share to 1.02 cent per share (2009: 1.92 cent per share). Administrative expenses decreased to €4.21m (2009: €5.08m). The group also received €1.5m under the terms of its Polish Baltic Basin farm out agreement with Talisman Energy. We also received £3m post year end from OMV when they relinquished their interest in the Rockall Licence, offshore Ireland. Finance expenses increased to €1.41m (2009: €0.45m) primarily due to the interest charge on debt acquired on the IOG acquisition.

Group net assets increased by €88.2m to €121.23m (2009: €33.03m). The Group had cash balances of €67.17m at 31 December 2010 (2009: €1.98m).

2010 Highlights

  • January - announced award of 1,167 km2 Nida Concession, Poland
  • January - signed Joint Venture Agreement in Iraq
  • February - signed Talisman Farm-in Agreement in the Baltic Basin Poland
  • April - awarded 603 km2 Szczawno Concession, Baltic Basin, Poland
  • May - completed acquisition of IOG
  • August - completed 300 km2 3D seismic acquisition programme, offshore Ireland
  • September - appointed Macquarie Capital (Europe) Limited as corporate broker
  • September - awarded expansion to the Gdansk W Concession, Baltic Basin, Poland
  • November - agreed to acquire Gora, Winsko and Rawicz Concessions totalling 1,314 km2, Southern Permian Basin, Poland
  • December - raised US$93 million (GBP £59.6 m)
  • December - started 480 km2 Baltic Basin 2D seismic acquisition programme

Poland
Throughout 2010, we continued to secure and develop a diverse portfolio of exploration opportunities consisting of both large-scale company game-changers such as our Baltic Basin and Carboniferous Basin shale gas plays in Poland and several low-cost, onshore oil targets focused on producing short-term cash flow that will continue to fuel our long-term growth.

Our Polish Baltic Basin farm out agreement with Talisman is a significant milestone for the company. The deal offers our shareholders huge upside potential in the most active shale gas exploration play in Europe with minimal cash outlay. Talisman has agreed to fully fund the drilling and operations of up to six wells where we will retain a 40% interest going forward.

Recent drilling results on licences adjacent to our Gdansk W Concession have been very encouraging. San Leon completed the acquisition of 480 km of 2D seismic data over its Baltic Basin concessions in June 2011 and we now look forward to Q3 2011 when Talisman is scheduled to start a three well drilling programme.

Our decision to invest heavily in our Polish based technical team continues to pay dividends. In addition to adding conventional targets to our Polish portfolio, we have identified a new shale gas play in the Carboniferous area of the Southern Permian Basin where we have now amassed over 880,000 acres through licence applications and corporate acquisitions.

We are also pushing forward on our Polish conventional acreage where low cost oil and gas exploration wells could see production in late 2011. While 2010 was marked primarily by expansion, 2011 will be defined by a significant seismic acquisition campaign which will be followed by the drilling of up to 13 wells.

The acquisition of 60 km2 of 3D seismic data over the Szczecinek Block in the Northern Permian Basin was completed in late 2010 and a conventional oil exploration well is now planned for 2012.

In Q2 2011 Geofizyka Krakow acquired 120 km of 2D seismic data over our 100% owned Nida Concession, which is on trend with significant oil production in Poland. The first of up to three wells targeting conventional oil will be drilled in Q3 2011.

San Leon has also awarded Hungary-based Acoustic Geophysical the contract to acquire 165 km2 of 3D seismic data over its Nowa Sol Concession in Q3 2011. A drilling campaign is planned to commence shortly afterwards.

We have found an appropriate solution to the high costs quoted for carrying out our planned seismic acquisition programmes. Through our wholly-owned subsidiary, Novaseis Sp. z o.o., we have established a seismic acquisition company using state-of-the-art wireless technology from OyoGeospace (USA) and vibrators from Sercel (France).

Novaseis will carry out its first operations in Morocco before returning to Poland, where we expect increased countrywide exploration activity to tighten availability of acquisition services and increase costs. Novaseis is expected to become a standalone profit-making subsidiary that will primarily offer services to the San Leon Group as we develop our Polish assets quickly and provide services to third parties when there is spare capacity.

Morocco
In Morocco, we increased our acreage position in our onshore Tarfaya and Zag Licences through the takeover of IOG in 2010. Novaseis is currently preparing for an upcoming 1,200 km 2D seismic acquisition programme over both licences which is expected to be completed by the end of 2011.

Interests in the Foum Draa and Sidi Moussa licences, offshore Morocco, were also acquired in the 2010 IOG takeover. Reprocessing and a full re-interpretation of the seismic data are nearly complete and we plan to seek farm-in partners for drilling in the near future.

Drilling of two wells at our Moroccan Tarfaya Oil Shale pilot project began in Q2 2011 and a third well is currently being planned. Pilot operations are ongoing as we continue to refine our understanding of the geological parameters and technical requirements to extract oil using our in-situ process.

Albania
We have made huge strides in Albania since the acquisition of IOG. Much groundwork in 2010 paved the way for Council of Ministers' approval for the offshore Durresi Block agreement signed in January 2011. No time was wasted in acquiring an 840 km2 3D seismic survey by mid-April 2011. The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the existing A4-1X discovery, which has an estimated 60 million barrels of oil equivalents ("MMBOE"), in preparation for a planned 2012 appraisal drilling programme.

This under-explored area is situated on the proven Apulian Margin which extends from Italy into Albania, where one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, is estimated to contain up to 5.7 billion barrels of original-oil-in-place ("OOIP").

While we see Albania as being under-explored and offering huge potential, we believe the same to be true of the Atlantic Margin, offshore Ireland.

Ireland
The Atlantic Margin offers giant structures in an area as under-explored as the North Sea was circa 40 years ago. Recent onerous tax hikes on UK production should lead to more companies evaluating Ireland, where the fiscal terms are favourable and there is a potentially very large upside. Through the use of our US$50m PGS seismic acquisition facility, we have participated in two Atlantic Margin 3D seismic acquisition programmes in the twelve months since the takeover of IOG. 300 km2 of seismic data was acquired over the Slyne Licence in August 2010, which is currently being interpreted.

A further 250 km2 of 3D data was acquired over the 300 million barrel potential C1 Lead in the North Porcupine Licence in May 2011. The Porcupine Connemara Oil field already offers a future development opportunity within the licence and the C1 Lead could anchor regional development.

OMV assigned its 50% interest in the Rockall Licence to San Leon in March 2011. We now have a 100% working interest in the licence, which has two multi-TCF gas targets.

We are seeking farm-in partners to drill wells and/or acquire further seismic data on the Atlantic Margin licences, including the South Porcupine Basin. Work carried out by our team of geophysicists suggests our South Porcupine Licence area contains features similar to the recent Mizzen discovery in the Flemish Pass Basin, offshore Newfoundland.

We also have a position in the Celtic Sea where a seismic vessel has been contracted to acquire 220 km2 of 3D data over the Barryroe Licensing Option in June 2011. The survey is being acquired to further delineate the Barryroe oil discovery which was last drilled in 1990 and flowed at over 1,600 barrels of oil per day ("BOPD").

As Barryroe oil is situated below the existing Seven Heads gas field, this 3D survey will also provide San Leon with valuable information on any remaining gas that could be produced from the Seven Heads gas field.

Iraq
Further afield, we have been carefully building relationships in Iraq that we hope will bear fruit for shareholders in the future. San Leon signed a joint venture agreement with Al Meinaa Oil Services Company in early 2010. The partners succeeded in signing a Joint Participation Agreement in March 2011 with the Governorate Council of Karbala in Central Iraq.

Under this agreement, the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) plan to submit a joint proposal to the Ministry of Oil in Iraq for the development of the fields of Kifil, West Kifil and Merjan.

Iraq is another slow-burning interest in the growing portfolio of high impact assets that could catapult us to another level.

Conclusion
While we continue to grow, I can assure shareholders we have not lost sight of our primary goal to deliver value from our Polish assets. Within the next twelve months, and subject to timing on interpretation and permitting, we expect to have drilled up to 13 wells in Poland, including three to six shale gas wells committed to by Talisman Energy in the Baltic Basin.

We know real success in this industry is only achieved by producing oil and gas. 2010 positioned San Leon to drill wells. 2011 will see us executing that part of our development, and by this time next year, I sincerely expect that I will be reporting on discoveries and strong first revenues to our shareholders.

Oisín Fanning
Chairman

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Notes to the Financial Statements

General
San Leon Energy Plc ("the Company") is a company incorporated in Ireland. The Group financial statements consolidate those of the Company with those of its subsidiaries (together referred to as "the Group"). These consolidated financial statements were authorised for issue by the Board of Directors on 27 June 2011. These results are extracted from the full annual report and audited accounts. The annual report and audited accounts are being distributed to shareholders, and the full annual report and audited accounts including all the notes to the accounts are available at the Company's website www.sanleonenergy.com.The notice of AGM is also being distributed to shareholders and is also available on the Company's website.

Independent Auditors' Report
We have audited the Group and Company financial statements (the "financial statements") of San Leon Energy Plc for the year ended 31 December 2010 which comprise the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the Group and Company Statement of Changes in Equity, the Group and Company Statement of Financial Position, the Group and Company Statement of Cash Flows and the related notes. These financial statements have been prepared under the accounting policies set out on therein.

This report is made solely to the Company's members as a body in accordance with Section 193 of the Companies Act, 1990. Our audit work has been undertaken so that we might state to the Company's members those matters that we are required to state to them in the auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company or the Company's members as a body for our audit work, for this report, or for the opinions we have formed.

Respective Responsibilities of Directors and Auditors
The Directors' responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and International Financial Reporting Standards as adopted by the European Union ("IFRSs") are set out in the Directors' Responsibility Statement on page 20.

Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).

We report to you our opinion as to whether the financial statements give a true and fair view in accordance with IFRSs as adopted by the European Union and in the case of the Company in accordance with the Companies Acts 1963 to 2009. We also report to you to whether, in our opinion; proper books of account have been kept by the Company; whether at the Statement of Financial Position date, there exists a financial situation requiring the convening of an extraordinary general meeting of the Company; and whether the information given in the Directors' Report is consistent with the financial statements. In addition, we state whether we have obtained all the information and explanations necessary for the purposes of our audit and whether the Company's Statement of Financial Position is in agreement with the books of account.

We report to the shareholders if, in our opinion, any information specified by law or the listing rules of AIM regarding Directors' remuneration and Directors' transactions is not disclosed and, where practicable, include such information in our report.

We read the other information contained in the Annual Report and consider whether it is consistent with the audited financial statements. This other information comprises only the Directors' Report and the Chairman's Statement and Operating Review. We consider the implications for our audit report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.

Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and whether the accounting policies are appropriate to the Group's and Company's circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Opinion

In our opinion
- the Group financial statements give a true and fair view, in accordance with IFRSs as adopted by the EU, of the state of the Group's affairs as at 31 December 2010 and of its loss for the year then ended;

- the Company financial statements give a true and fair view, in accordance with IFRSs as adopted by the EU and as applied in accordance with the provisions of the Companies Acts, 1963 to 2009, of the state of the Company's affairs as at 31 December 2010; and

- the financial statements have been properly prepared in accordance with the Companies Acts, 1963 to 2009.

Emphasis of matter
In forming our opinion, we have considered the adequacy of disclosures made in Note 9 to the financial statements in relation to the Directors' assessment of the carrying value of the Group's exploration and evaluation assets amounting to €76,064,855 at 31 December 2010. In view of this we consider that it should be drawn to your attention but our opinion is not qualified in this respect.

Other matters
We have obtained all the information and explanations we consider necessary for the purposes of our audit. In our opinion, proper books of account have been kept by the Company. The Company Statement of Financial Position is in agreement with the books of account.

In our opinion, the information given in the Directors' Report is consistent with the financial statements.

The net assets of the Company, as at the financial position date, are more than half of the amount of its called up share capital and, in our opinion, on that basis there did not exist at 31 December 2010 a financial situation which under Section 40(1) of the Companies (Amendment) Act 1983 may require the convening of an extraordinary general meeting of the Company.

KPMG
Chartered Accountants and Registered Auditor
1 Stokes Place
St Stephens Green
Dublin 2

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San Leon Energy plc ("San Leon", "Group" or the "Company"), the AIM listed company focused on oil and gas exploration in Europe and North Africa today announces its audited final results for the year ended 31 December 2010.

2010 Highlights:

Financial:

  • Raised US$93 million (GBP £59.6m) via an equity placing
  • Loss for the year decreased to €3.98m (2009: €5.52m) with a resulting decrease in loss per share to 1.02 cent per share (2009: 1.92 cent per share).
  • Administrative expenses decreased to €4.21m (2009: €5.08m)
  • Group net assets increased by €88.2m to €121.23m (2009: €33.03m)
  • Cash balances of €67.17m at 31 December 2010 (2009: €1.98m)

Operational:

  • Signed Farm-in Agreement with Talisman across Baltic Basin acreage
  • Awarded 1,167 km2 Nida Concession, Poland
  • Awarded 603 km2 Szczawno Concession, Baltic Basin, Poland
  • Completed 300 km2 3D seismic acquisition programme, offshore Ireland
  • Awarded expansion to the Gdansk W Concession, Baltic Basin, Poland
  • Acquired Gora, Winsko and Rawicz Concessions totalling 1,314 km2, Southern Permian Basin, Poland
  • Commenced 480 km2 Baltic Basin 2D seismic acquisition programme
  • Signed Iraq Joint Venture Agreement with Al Meinaa Oil Services Company

Corporate:

  • Completed acquisition of Island Oil & Gas Plc
  • Appointed Macquarie Capital (Europe) Limited as corporate broker

Outlook:

  • Drilling up to 13 wells in 2011
  • Three well drilling programme commencing in Q3 2011 on Baltic Basin acerage
  • First of a three well programme targeting conventional oil in Poland will be drilled in Q3 2011
  • Drilling of two wells at Tarfaya Oil Shale project began in Q2 2011, a third well is currently being planned
  • 1,200 km 2D seismic survey to be acquired over Tarfaya and Zag licences - expected to be completed by the end of 2011
  • Acquiring 220 km2 of 3D seismic over Barryroe licensing option
  • Seeking Farm-in partners to drill wells / acquire seismic data on Atlantic Margin licences
  • Established seismic acquisition Company - Novaseis Sp.z o.o.
  • Joint Participation Agreement signed in March 2011 with Governorate Council of Karbala in central Iraq

Oisin Fanning, Chairman of San Leon, commented:
"Throughout 2010, the board raised significant finance to fund our operations. These financing efforts culminated in the successful US$93m (£59.6m) equity placing in December 2010. This placing marked a sea change in the financial position of the Group and provides sufficient resources to fund our comprehensive planned work programme, across our portfolio, over the next 18 months. We have delivered on our stated objectives to date and now have an extensive drilling campaign ahead of us which will continue to generate significant value for our shareholders."

Enquiries to:

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 203 463 5010

Arbuthnot Securities Limited
Nominated Adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations Adviser
Nick Elwes
+44 (0) 20 7457 2020

Qualified person
John Buggenhagen has over 15 years experience in the oil & gas industry. He has a Ph.D. and M.Sc. in Geophysics from the University of Wyoming and a B.Sc. in Geophysics from the University of Arizona. He is currently the Director of Exploration for the San Leon Energy Group and based in San Leon's Warsaw office in Poland.

Chairman's Statement
2010 was a pivotal year for San Leon. We have successfully built a diversified and high-impact portfolio of assets comprising acreage positions in Poland, Albania, Morocco, Ireland and Italy. We completed a US$93m (£59.6m) equity placing in December 2010 that added significant strength to our shareholder register. This placement was very well received and signalled our shift in strategic emphasis from acreage acquisition to putting the drill-bit to work in 2011 and beyond.

We have delivered on our stated objectives to date and now have an extensive drilling campaign ahead of us which will continue to generate significant value for our shareholders.

We accumulated two major shale gas positions in Poland, one of which was farmed out to a leading North American shale operator, Talisman Energy, in February 2010. We expanded our acreage in Morocco; secured new licence interests in Albania and Ireland; and underpinned our future growth.

We are extremely grateful for the support of all our shareholders. San Leon has truly established itself as a strong niche player in the oil and gas industry and we are continuing to build on that success through 2011.

San Leon delivered high growth and a strong financial performance in 2010. Two key contributing factors have been the ability of the Board to generate funds to finance its activities through successful equity placings and prudent use of equity to finance acquisitions which have expanded our asset base.

Throughout 2010, the board raised significant finance to fund operations and the group also issued approximately €14.9m in non-cash share consideration to complete the Island Oil & Gas Plc ("IOG") and Gora Energy Resources Sp. z o.o. acquisitions. The Board's financing efforts culminated in the hugely successful US$93m (£59.6m) equity placing in December 2010. This placing marked a sea change in the financial position of the Group and will provide the resources to fund an extensive planned work programme over the next 18 months. This placing also added strong institutional shareholders to the existing base.

The net loss for the year attributable to equity shareholders decreased to €3.98m in 2010 (2009: €5.52m) with a resulting decrease in loss per share to 1.02 cent per share (2009: 1.92 cent per share). Administrative expenses decreased to €4.21m (2009: €5.08m). The group also received €1.5m under the terms of its Polish Baltic Basin farm out agreement with Talisman Energy. We also received £3m post year end from OMV when they relinquished their interest in the Rockall Licence, offshore Ireland. Finance expenses increased to €1.41m (2009: €0.45m) primarily due to the interest charge on debt acquired on the IOG acquisition.

Group net assets increased by €88.2m to €121.23m (2009: €33.03m). The Group had cash balances of €67.17m at 31 December 2010 (2009: €1.98m).

2010 Highlights

  • January - announced award of 1,167 km2 Nida Concession, Poland
  • January - signed Joint Venture Agreement in Iraq
  • February - signed Talisman Farm-in Agreement in the Baltic Basin Poland
  • April - awarded 603 km2 Szczawno Concession, Baltic Basin, Poland
  • May - completed acquisition of IOG
  • August - completed 300 km2 3D seismic acquisition programme, offshore Ireland
  • September - appointed Macquarie Capital (Europe) Limited as corporate broker
  • September - awarded expansion to the Gdansk W Concession, Baltic Basin, Poland
  • November - agreed to acquire Gora, Winsko and Rawicz Concessions totalling 1,314 km2, Southern Permian Basin, Poland
  • December - raised US$93 million (GBP £59.6 m)
  • December - started 480 km2 Baltic Basin 2D seismic acquisition programme

Poland
Throughout 2010, we continued to secure and develop a diverse portfolio of exploration opportunities consisting of both large-scale company game-changers such as our Baltic Basin and Carboniferous Basin shale gas plays in Poland and several low-cost, onshore oil targets focused on producing short-term cash flow that will continue to fuel our long-term growth.

Our Polish Baltic Basin farm out agreement with Talisman is a significant milestone for the company. The deal offers our shareholders huge upside potential in the most active shale gas exploration play in Europe with minimal cash outlay. Talisman has agreed to fully fund the drilling and operations of up to six wells where we will retain a 40% interest going forward.

Recent drilling results on licences adjacent to our Gdansk W Concession have been very encouraging. San Leon completed the acquisition of 480 km of 2D seismic data over its Baltic Basin concessions in June 2011 and we now look forward to Q3 2011 when Talisman is scheduled to start a three well drilling programme.

Our decision to invest heavily in our Polish based technical team continues to pay dividends. In addition to adding conventional targets to our Polish portfolio, we have identified a new shale gas play in the Carboniferous area of the Southern Permian Basin where we have now amassed over 880,000 acres through licence applications and corporate acquisitions.

We are also pushing forward on our Polish conventional acreage where low cost oil and gas exploration wells could see production in late 2011. While 2010 was marked primarily by expansion, 2011 will be defined by a significant seismic acquisition campaign which will be followed by the drilling of up to 13 wells.

The acquisition of 60 km2 of 3D seismic data over the Szczecinek Block in the Northern Permian Basin was completed in late 2010 and a conventional oil exploration well is now planned for 2012.

In Q2 2011 Geofizyka Krakow acquired 120 km of 2D seismic data over our 100% owned Nida Concession, which is on trend with significant oil production in Poland. The first of up to three wells targeting conventional oil will be drilled in Q3 2011.

San Leon has also awarded Hungary-based Acoustic Geophysical the contract to acquire 165 km2 of 3D seismic data over its Nowa Sol Concession in Q3 2011. A drilling campaign is planned to commence shortly afterwards.

We have found an appropriate solution to the high costs quoted for carrying out our planned seismic acquisition programmes. Through our wholly-owned subsidiary, Novaseis Sp. z o.o., we have established a seismic acquisition company using state-of-the-art wireless technology from OyoGeospace (USA) and vibrators from Sercel (France).

Novaseis will carry out its first operations in Morocco before returning to Poland, where we expect increased countrywide exploration activity to tighten availability of acquisition services and increase costs. Novaseis is expected to become a standalone profit-making subsidiary that will primarily offer services to the San Leon Group as we develop our Polish assets quickly and provide services to third parties when there is spare capacity.

Morocco
In Morocco, we increased our acreage position in our onshore Tarfaya and Zag Licences through the takeover of IOG in 2010. Novaseis is currently preparing for an upcoming 1,200 km 2D seismic acquisition programme over both licences which is expected to be completed by the end of 2011.

Interests in the Foum Draa and Sidi Moussa licences, offshore Morocco, were also acquired in the 2010 IOG takeover. Reprocessing and a full re-interpretation of the seismic data are nearly complete and we plan to seek farm-in partners for drilling in the near future.

Drilling of two wells at our Moroccan Tarfaya Oil Shale pilot project began in Q2 2011 and a third well is currently being planned. Pilot operations are ongoing as we continue to refine our understanding of the geological parameters and technical requirements to extract oil using our in-situ process.

Albania
We have made huge strides in Albania since the acquisition of IOG. Much groundwork in 2010 paved the way for Council of Ministers' approval for the offshore Durresi Block agreement signed in January 2011. No time was wasted in acquiring an 840 km2 3D seismic survey by mid-April 2011. The 3D seismic programme will evaluate a number of highly prospective structures in the Block, including the existing A4-1X discovery, which has an estimated 60 million barrels of oil equivalents ("MMBOE"), in preparation for a planned 2012 appraisal drilling programme.

This under-explored area is situated on the proven Apulian Margin which extends from Italy into Albania, where one of the largest onshore oil accumulations in Europe, the Patos-Marinza field, is estimated to contain up to 5.7 billion barrels of original-oil-in-place ("OOIP").

While we see Albania as being under-explored and offering huge potential, we believe the same to be true of the Atlantic Margin, offshore Ireland.

Ireland
The Atlantic Margin offers giant structures in an area as under-explored as the North Sea was circa 40 years ago. Recent onerous tax hikes on UK production should lead to more companies evaluating Ireland, where the fiscal terms are favourable and there is a potentially very large upside. Through the use of our US$50m PGS seismic acquisition facility, we have participated in two Atlantic Margin 3D seismic acquisition programmes in the twelve months since the takeover of IOG. 300 km2 of seismic data was acquired over the Slyne Licence in August 2010, which is currently being interpreted.

A further 250 km2 of 3D data was acquired over the 300 million barrel potential C1 Lead in the North Porcupine Licence in May 2011. The Porcupine Connemara Oil field already offers a future development opportunity within the licence and the C1 Lead could anchor regional development.

OMV assigned its 50% interest in the Rockall Licence to San Leon in March 2011. We now have a 100% working interest in the licence, which has two multi-TCF gas targets.

We are seeking farm-in partners to drill wells and/or acquire further seismic data on the Atlantic Margin licences, including the South Porcupine Basin. Work carried out by our team of geophysicists suggests our South Porcupine Licence area contains features similar to the recent Mizzen discovery in the Flemish Pass Basin, offshore Newfoundland.

We also have a position in the Celtic Sea where a seismic vessel has been contracted to acquire 220 km2 of 3D data over the Barryroe Licensing Option in June 2011. The survey is being acquired to further delineate the Barryroe oil discovery which was last drilled in 1990 and flowed at over 1,600 barrels of oil per day ("BOPD").

As Barryroe oil is situated below the existing Seven Heads gas field, this 3D survey will also provide San Leon with valuable information on any remaining gas that could be produced from the Seven Heads gas field.

Iraq
Further afield, we have been carefully building relationships in Iraq that we hope will bear fruit for shareholders in the future. San Leon signed a joint venture agreement with Al Meinaa Oil Services Company in early 2010. The partners succeeded in signing a Joint Participation Agreement in March 2011 with the Governorate Council of Karbala in Central Iraq.

Under this agreement, the consortium (San Leon, Al-Meinaa and the Governorate Council of Karbala) plan to submit a joint proposal to the Ministry of Oil in Iraq for the development of the fields of Kifil, West Kifil and Merjan.

Iraq is another slow-burning interest in the growing portfolio of high impact assets that could catapult us to another level.

Conclusion
While we continue to grow, I can assure shareholders we have not lost sight of our primary goal to deliver value from our Polish assets. Within the next twelve months, and subject to timing on interpretation and permitting, we expect to have drilled up to 13 wells in Poland, including three to six shale gas wells committed to by Talisman Energy in the Baltic Basin.

We know real success in this industry is only achieved by producing oil and gas. 2010 positioned San Leon to drill wells. 2011 will see us executing that part of our development, and by this time next year, I sincerely expect that I will be reporting on discoveries and strong first revenues to our shareholders.

Oisín Fanning
Chairman

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Notes to the Financial Statements

General
San Leon Energy Plc ("the Company") is a company incorporated in Ireland. The Group financial statements consolidate those of the Company with those of its subsidiaries (together referred to as "the Group"). These consolidated financial statements were authorised for issue by the Board of Directors on 27 June 2011. These results are extracted from the full annual report and audited accounts. The annual report and audited accounts are being distributed to shareholders, and the full annual report and audited accounts including all the notes to the accounts are available at the Company's website www.sanleonenergy.com.The notice of AGM is also being distributed to shareholders and is also available on the Company's website.

Independent Auditors' Report
We have audited the Group and Company financial statements (the "financial statements") of San Leon Energy Plc for the year ended 31 December 2010 which comprise the Consolidated Income Statement, the Consolidated Statement of Comprehensive Income, the Group and Company Statement of Changes in Equity, the Group and Company Statement of Financial Position, the Group and Company Statement of Cash Flows and the related notes. These financial statements have been prepared under the accounting policies set out on therein.

This report is made solely to the Company's members as a body in accordance with Section 193 of the Companies Act, 1990. Our audit work has been undertaken so that we might state to the Company's members those matters that we are required to state to them in the auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company or the Company's members as a body for our audit work, for this report, or for the opinions we have formed.

Respective Responsibilities of Directors and Auditors
The Directors' responsibilities for preparing the Annual Report and the financial statements in accordance with applicable law and International Financial Reporting Standards as adopted by the European Union ("IFRSs") are set out in the Directors' Responsibility Statement on page 20.

Our responsibility is to audit the financial statements in accordance with relevant legal and regulatory requirements and International Standards on Auditing (UK and Ireland).

We report to you our opinion as to whether the financial statements give a true and fair view in accordance with IFRSs as adopted by the European Union and in the case of the Company in accordance with the Companies Acts 1963 to 2009. We also report to you to whether, in our opinion; proper books of account have been kept by the Company; whether at the Statement of Financial Position date, there exists a financial situation requiring the convening of an extraordinary general meeting of the Company; and whether the information given in the Directors' Report is consistent with the financial statements. In addition, we state whether we have obtained all the information and explanations necessary for the purposes of our audit and whether the Company's Statement of Financial Position is in agreement with the books of account.

We report to the shareholders if, in our opinion, any information specified by law or the listing rules of AIM regarding Directors' remuneration and Directors' transactions is not disclosed and, where practicable, include such information in our report.

We read the other information contained in the Annual Report and consider whether it is consistent with the audited financial statements. This other information comprises only the Directors' Report and the Chairman's Statement and Operating Review. We consider the implications for our audit report if we become aware of any apparent misstatements or material inconsistencies with the financial statements. Our responsibilities do not extend to any other information.

Basis of audit opinion
We conducted our audit in accordance with International Standards on Auditing (UK and Ireland) issued by the Auditing Practices Board. An audit includes examination, on a test basis, of evidence relevant to the amounts and disclosures in the financial statements. It also includes an assessment of the significant estimates and judgements made by the directors in the preparation of the financial statements, and whether the accounting policies are appropriate to the Group's and Company's circumstances, consistently applied and adequately disclosed.

We planned and performed our audit so as to obtain all the information and explanations which we considered necessary in order to provide us with sufficient evidence to give reasonable assurance that the financial statements are free from material misstatement, whether caused by fraud or other irregularity or error. In forming our opinion we also evaluated the overall adequacy of the presentation of information in the financial statements.

Opinion

In our opinion
- the Group financial statements give a true and fair view, in accordance with IFRSs as adopted by the EU, of the state of the Group's affairs as at 31 December 2010 and of its loss for the year then ended;

- the Company financial statements give a true and fair view, in accordance with IFRSs as adopted by the EU and as applied in accordance with the provisions of the Companies Acts, 1963 to 2009, of the state of the Company's affairs as at 31 December 2010; and

- the financial statements have been properly prepared in accordance with the Companies Acts, 1963 to 2009.

Emphasis of matter
In forming our opinion, we have considered the adequacy of disclosures made in Note 9 to the financial statements in relation to the Directors' assessment of the carrying value of the Group's exploration and evaluation assets amounting to €76,064,855 at 31 December 2010. In view of this we consider that it should be drawn to your attention but our opinion is not qualified in this respect.

Other matters
We have obtained all the information and explanations we consider necessary for the purposes of our audit. In our opinion, proper books of account have been kept by the Company. The Company Statement of Financial Position is in agreement with the books of account.

In our opinion, the information given in the Directors' Report is consistent with the financial statements.

The net assets of the Company, as at the financial position date, are more than half of the amount of its called up share capital and, in our opinion, on that basis there did not exist at 31 December 2010 a financial situation which under Section 40(1) of the Companies (Amendment) Act 1983 may require the convening of an extraordinary general meeting of the Company.

KPMG
Chartered Accountants and Registered Auditor
1 Stokes Place
St Stephens Green
Dublin 2

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Nida Trough drilling set to spud /media-centre/news-releases/2011/august/2/nida-trough-drilling-set-to-spud.aspx2011-08-02T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/august/2/nida-trough-drilling-set-to-spud.aspx

San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jasło Sp. z o. o. (Jasło) to contract a rig for its upcoming two well programme in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Płowowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jasło are finalizing the permitting process with plans to start building a location in early August.

Oisin Fanning, Executive Chairman of San Leon, commented:
"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."

Enquiries

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 20 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 20 3463 5010

Arbuthnot Securities Limited
Nominated adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations adviser
Nick Elwes
+44 (0) 20 7457 2020

San Leon Energy's Polish subsidiary Vabush Energy Sp. z o. o. (Vabush) has signed with Poszukiwania Nafty i Gazu Jasło Sp. z o. o. (Jasło) to contract a rig for its upcoming two well programme in Poland's Nida Trough. Both wells are planned to reach a total depth of 1,000 meters and test multiple targets on trend with the prolific Płowowice and Grobla oil fields. The first well, Chopin-1, is set to spud in early September immediately followed by the Belvedere-1 well. Vabush has secured land access agreements for the first location, Chopin-1, and is finalizing the Belvedere-1 agreements. Both Vabush and Jasło are finalizing the permitting process with plans to start building a location in early August.

Oisin Fanning, Executive Chairman of San Leon, commented:
"San Leon is delighted to be on the cusp of a very intensive drilling programme in both conventional oil and unconventional gas. The focus of San Leon's high-impact campaign in Poland will see the company drill up to three wells in September alone, weather permitting, and one of which is a shale gas prospect in the Baltic Basin. We look forward to updating the market in due course."

Enquiries

San Leon Energy plc
Oisin Fanning, Executive Chairman
John Buggenhagen, Director of Exploration
+353 1291 6292

Macquarie Capital (Europe) Limited
John Dwyer
Paul Connolly
Ben Colegrave
+44 (0) 20 3037 2000

Fox-Davies Capital Limited
David Porter
+44 (0) 20 3463 5010

Arbuthnot Securities Limited
Nominated adviser
Nick Tulloch
Henry Willcocks
+44 (0) 20 7012 2000

College Hill
Investment Relations adviser
Nick Elwes
+44 (0) 20 7457 2020

San Leon Energy plc and Realm Energy International corporation announce merger/media-centre/news-releases/2011/august/26/realm-energy-merger.aspx2011-08-26T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/august/26/realm-energy-merger.aspx

London and White Rock, British Columbia, 26 August 2011 - San Leon Energy plc ("San Leon" or the "Company"; AIM:SLE) and Realm Energy International Corporation ("Realm"; TSXV:RLM) are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") pursuant to which San Leon will acquire all of the issued and outstanding shares of Realm (the "Acquisition").
Pursuant to the Acquisition, each Realm shareholder will receive, for each Realm share, at such shareholder's election: i) C$1.30 in cash; or ii) 3.30 ordinary shares in the capital of San Leon (or the same number of exchangeable shares of an indirect Canadian subsidiary of San Leon exchangeable on a one-for-one basis directly for ordinary shares in the capital of San Leon, subject to adjustment); or iii) a combination thereof; subject to a maximum of C$17.7 million in cash (subject to adjustment) being paid to Realm shareholders in aggregate. The Acquisition will be implemented by means of a Canadian plan of arrangement and result in Realm becoming an indirect subsidiary of San Leon, with closing expected in November 2011.

The terms of the Acquisition value Realm at approximately C$1.30 per share, based on the San Leon volume-weighted average price ("VWAP") for the 60 trading days prior to and including 25 August 2011 of 25 pence per share and a Canadian Dollar per British Pound exchange rate of 1.603. Up to approximately 481 million newly issued San Leon shares are expected to be issued to Realm shareholders (assuming that such shareholders elect to receive the consideration payable to them fully in new San Leon shares).

The Board of Directors of each of San Leon and Realm have unanimously approved the Acquisition. The Board of Directors of Realm has received the opinion of its financial advisors that the consideration to be received pursuant to the Acquisition is fair, from a financial point of view, to Realm shareholders and has resolved to recommend that Realm shareholders vote in favour of the Acquisition.

The directors and officers of Realm, corporations controlled by them and certain other significant shareholders of Realm, together holding or controlling an aggregate of 40,912,276 Realm shares (being more than 37.7% of the issued Realm shares) have agreed to vote in favour of the Acquisition.

Acquisition rationale
The Board of Directors of San Leon believes that the acquisition of Realm has significant commercial logic and would bring together two complementary portfolios to create a focused and large shale acreage position in Poland's Baltic Basin. It is expected that the enlarged group will benefit from its combined operational and technical expertise as well as in-country experience in order to accelerate work programmes and de-risk the acreage. The combined position in Poland is also expected to provide cost synergies for the aforementioned work programmes.

This increased focus on shale may be further enhanced through the addition of any successful licence applications that Realm has submitted in Spain and France. To complement this large shale acreage position and associated work programmes, San Leon expects to continue to develop its conventional acreage in Poland, Albania, Morocco and Ireland in order to seek to build reserves, produce near-term cash flow and provide funding for work programmes going forward. The Board of Directors of San Leon believes that the enlarged group will be well capitalised to carry out its existing licence obligations through the addition of approximately C$24 million of cash currently on Realm's balance sheet.

The enlarged company will hold 28 concessions and licences in seven countries, with a continued focus on Poland, Morocco and Albania. San Leon is currently undertaking an extensive exploration programme and expects to drill 16 wells over the next twelve months.

The Board of Directors of San Leon believes that the combination of San Leon and Realm presents a unique opportunity to create significant value for shareholders in both companies.

The benefits of the Acquisition for Realm shareholders include:

  • The implied value of the Acquisition is approximately C$1.30 per Realm share[1].
    - a premium of 46.1% to the current share price of Realm[2];
    - a premium of 116.7% to Realm's closing share price the day prior to San Leon's first approach to Realm's Board[3]; and
    - a premium of 136.4% to Realm's closing share price the day prior to the announcement of the initiation of a strategic review of Realm's Polish interests[4].
  • The Acquisition will result in Realm shareholders owning approximately 36.9% of the enlarged entity[5], assuming that all shareholders elect to receive the consideration payable to them fully in new San Leon shares and all of the issued and outstanding options and warrants to acquire Realm shares are exercised.
  • The exchangeable shares offer certain Realm shareholders who are residents of Canada for the purposes of the Income Tax Act (Canada) the opportunity to obtain a full or partial deferral of taxable capital gains for Canadian federal income tax purposes in certain circumstances.
  • The ability to receive, at the election of Realm shareholders, San Leon shares or exchangeable shares gives Realm shareholders the opportunity to continue to participate in the future growth of the development of the Realm assets through an entity with cost and operational synergies.
  • The Arrangement Agreement provides that Realm shareholders will have the right to dissent from participating in the Acquisition and to elect to receive a fair value payment for their shares from Realm post-closing.

Acquisition Highlights
The Board of Directors of San Leon believes that the combination of San Leon and Realm will:

  • strengthen San Leon's focus and position as one of the leading shale players in Poland;
  • materially increase San Leon's acreage in Poland's Baltic Basin;
  • leverage San Leon's in-country technical team to add material value to Realm's assets;
  • have the potential to add further shale acreage to the portfolio through any successful licence applications that Realm has made in Spain and France; and,
  • provide cost and operational synergies for upcoming seismic and drilling programmes.

San Leon will acquire the following:

  • 4 exploration licences across Poland and Germany;
  • 10 licence applications in Spain and 10 licence applications in France;
  • >2.4 million gross acres under application in France and >2.0 million gross acres under application in Spain; and,
  • approximately C$24 million of cash currently on Realm's balance sheet.

Realm's asset base is detailed in the table below:

Country

Licence

Basin

Net Interest

Operator

Gross Acres

Net Acres

Poland

Gniew

Baltic

100%

Realm

294,296

294,296

Ilawa

Baltic

50%

LNG Energy

161,109

80,555

Wegrow

Podlasie

50%

LNG Energy

180,136

90,068

Germany

Aschen

Lower Saxony

100%

Realm

15,888

15,888

Total

651,429

480,807

Additional Terms of the Agreement
Pursuant to the Arrangement Agreement, Realm will call a meeting of its shareholders to consider and, if determined advisable, approve the plan of arrangement implementing the Acquisition. It is expected that the information circular relating to the Acquisition will be mailed to Realm shareholders in September 2011 and that, subject to the satisfaction, or where relevant waiver, of all relevant conditions, the Arrangement will become effective and the Acquisition completed in November 2011.


Conditions
The Acquisition is subject to a number of customary conditions, including the receipt of approval by the Realm shareholders, receipt of approval of the Court in the Province of British Columbia, Canada and receipt of stock exchange approvals.

Non-Solicitation Agreement and Termination Fees
The Arrangement Agreement contains customary non-solicitation provisions which restrict Realm from soliciting or entering third party acquisition proposals, subject to a "fiduciary out" and a matching right in favour of San Leon. Pursuant to the Arrangement Agreement, each of Realm and San Leon has agreed to pay the other a termination fee of C$4.0 million if the Arrangement Agreement or terminated in specified circumstances.

Realm Share Options and Warrants
In connection with the Acquisition, outstanding options and warrants to acquire an aggregate of 37.4 million Realm shares will become options and warrants to acquire San Leon shares on substantially equivalent terms and conditions.

Oisín Fanning, Executive Chairman of San Leon, commented:
"We are delighted to have reached agreement with the Realm board and its major shareholders. This is San Leon's most significant acquisition to date and offers a unique opportunity toincrease our exposure to the prospective upside that the Baltic Basin offers, which we expect will be enhanced by any successful shale licence applications in Spain and France.We also expect thisdeal to bringsignificant cost and operational synergies across the upcoming drilling programme whilst further enhancing the technical expertise in the Company.

The Board of San Leon believe that this acquisitionwill create significant value for shareholders in both companies without reducing exposure to the potential upside, whilst the Company continues to develop its conventional acreage across its portfolio inorder to seek to build reserves, produce near-term cash flow and provide funding for work programmes going forward."

Craig Steinke, Executive Chairman and CEO of Realm, commented:
"A combination of Realm and San Leon provides shareholders with diversity and substantial scale in the Baltic Basin of Poland, which is generally viewed as one of the most opportune new shale plays in Europe. As well, currently under government application in France and Spain, Realm has targeted over 4.4 million acres of organic rich shales, which subject to final awards, provides vast additional resource potential."

Information with respect to Realm
Realm is an independent oil and gas exploration and appraisal company listed on the TSX Venture Exchange (ticker symbol: RLM). The company holds 4 exploration licences across Poland and Germany as well as 10 licence applications in Spain and 10 licence applications in France. Its strategy is to focus on shale exploration and development opportunities.

Realm has been awarded 635,000 gross acres in Poland (465,000 net) and 15,888 gross acres in Germany (15,888 net). In addition, Realm has >2.4 million gross acres under application in France and >2.0 million gross acres under application in Spain. Realm's asset base is detailed in the table below:

Country

Licence

Basin

Net Interest

Operator

Gross Acres

Net Acres

Poland

Gniew

Baltic

100%

Realm

294,296

294,296

Ilawa

Baltic

50%

LNG Energy

161,109

80,555

Wegrow

Podlasie

50%

LNG Energy

180,136

90,068

Germany

Aschen

Lower Saxony

100%

Realm

15,888

15,888

Total

651,429

480,807


Overseas Shareholders of Realm
Participation in the Acquisition and the plan of arrangement effecting the Acquisition by persons who are not resident in Canada or the United Kingdom ("Overseas Shareholders") may be affected by the laws of the jurisdictions ("Overseas Jurisdictions") in which they are resident. Such persons should inform themselves about and observe any applicable requirements. Further details in relation to Overseas Shareholders will be contained in the information circular to be forwarded to Realm shareholders.

Any failure to comply with applicable restrictions may constitute a violation of the securities laws of any such Overseas Jurisdiction. To the fullest extent permitted by applicable law, the companies involved in the Acquisition disclaim any responsibility or liability for the violation of such restrictions by any person.

This announcement has been prepared for the purposes of complying with Canadian law and the AIM Rules for Companies and the information disclosed herein may not be the same as that which would have been prepared in accordance with the laws of other jurisdictions.

Unless otherwise determined by San Leon, and permitted by applicable law and regulation, the San Leon shares to be issued in connection with the Acquisition will not be issued directly to Realm shareholders in, and will not be capable of acceptance in or from, any Overseas Jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from any Overseas Jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Persons receiving this announcement (including custodians, nominees and trustees) should observe these restrictions and should not send or distribute this announcement in, into or from any such jurisdictions.

Neither the San Leon shares nor the exchangeable shares to be issued by a subsidiary of San Leon pursuant to the Acquisition ("exchangeable shares") have been, nor will they be, registered under the US Securities Act of 1933 (the "Securities Act") or under any of the relevant securities laws of any state or other jurisdiction of the United States. Neither the US Securities and Exchange Commission nor any US state securities commission has approved of the San Leon shares or the exchangeable shares or determined if this document is accurate or complete. Any representation to the contrary is a criminal offence in the United States. The San Leon shares and the exchangeable shares to be issued pursuant to the plan of arrangement are intended to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by section 3(a)(10) thereof and only to the extent that corresponding exemptions from the registration or qualification requirements of state "blue sky" securities laws are available. Neither the San Leon shares nor the exchangeable shares may be offered or sold in the United States except pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

General
The Acquisition is subject to the terms and conditions of the Arrangement Agreement which will be described in the information circular which Realm intends to mail to its shareholders in September 2011. That information circular, a form of proxy and a form of election and transmittal letter, to be included therein, will be made available to all Realm shareholders at no cost to them. Realm shareholders are advised to read the information circular and the accompanying documents when they are sent to them because they will contain important information. The documents will be posted under Realm's profile at www.sedar.com.

This announcement is not intended to be and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to buy or subscribe for any securities pursuant to the Acquisition or otherwise, nor shall there be any purchase, sale or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction.

The distribution of this announcement in jurisdictions or into certain jurisdictions may be restricted by the laws of those jurisdictions. Accordingly, copies of this announcement and all other documents relating to the Acquisition and/or the plan of arrangement are not being, and must not be, released, published, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Australia, South Africa, Russia or Japan. Persons receiving such documents (including, without limitation, nominees, trustees and custodians) should observe these restrictions. Failure to do so may constitute a violation of the securities laws of any such jurisdiction.

Forward Looking Statements
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of Realm and San Leon and certain plans and objectives of the boards of directors of Realm and San Leon. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" or other words of similar meaning. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Realm's and San Leon's abilities to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this announcement. There are risks also inherent in the nature of the Acquisition, including failure to realize anticipated synergies or cost savings; risks regarding the integration of the two entities; incorrect assessments of the values of the other entity; and failure to obtain the required securityholder, Court, regulatory and other third party approvals. Realm and San Leon assume no obligation and do not intend to update or correct these forward-looking statements, except as required pursuant to applicable law.

Notes to Editors

San Leon
San Leon is an independent oil and gas exploration and production company listed on London's Alternative Investment Market (ticker symbol: SLE). The company holds exploration assets in Poland, Morocco, Albania, Ireland, and Italy. San Leon's focus is on both shale and conventional exploration across its portfolio.

Realm
Realm is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland and Germany and is in the process of acquiring additional petroleum and natural gas rights in other European basins which have been identified as high potential. Realm is committed to leveraging the most advanced shale technology to bring these resources into production. Visit Realm's website at www.realmenergy.ca.

Advisors
San Leon has engaged Macquarie Capital (Europe) Limited as its exclusive financial advisor in connection with the Acquisition. Realm has engaged GMP Securities L.P. as its exclusive financial advisor in connection with the Acquisition.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
Tel: +44 (0) 20 3037 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 207 457 2020

Realm Energy International Corporation
Craig Steinke, Executive Chairman and CEO
Tel: + 1 (604) 637-4974

GMP Securities L.P.
Wade Felesky
Tel: + 1 (403) 543-3043

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[1] Based on San Leon's 60-day VWAP prior to and including 25 August 2011 of 25 pence per share and a Canadian Dollar per British Pound exchange rate of 1.603

[2] Based on Realm's mid-market closing price on 25 August 2011 of 0.89 Canadian dollars per share, as provided by the Toronto Stock Exchange

[3] Based on Realm's mid-market closing price on 16 June 2011 of 0.60 Canadian dollars per share, as provided by the Toronto Stock Exchange

[4] Based on Realm's mid-market closing price on 26 May 2011 of 0.55 Canadian dollars per share, as provided by the Toronto Stock Exchange

[5] Assumes all outstanding Realm options and warrants are exercised

London and White Rock, British Columbia, 26 August 2011 - San Leon Energy plc ("San Leon" or the "Company"; AIM:SLE) and Realm Energy International Corporation ("Realm"; TSXV:RLM) are pleased to announce that they have entered into an agreement (the "Arrangement Agreement") pursuant to which San Leon will acquire all of the issued and outstanding shares of Realm (the "Acquisition").
Pursuant to the Acquisition, each Realm shareholder will receive, for each Realm share, at such shareholder's election: i) C$1.30 in cash; or ii) 3.30 ordinary shares in the capital of San Leon (or the same number of exchangeable shares of an indirect Canadian subsidiary of San Leon exchangeable on a one-for-one basis directly for ordinary shares in the capital of San Leon, subject to adjustment); or iii) a combination thereof; subject to a maximum of C$17.7 million in cash (subject to adjustment) being paid to Realm shareholders in aggregate. The Acquisition will be implemented by means of a Canadian plan of arrangement and result in Realm becoming an indirect subsidiary of San Leon, with closing expected in November 2011.

The terms of the Acquisition value Realm at approximately C$1.30 per share, based on the San Leon volume-weighted average price ("VWAP") for the 60 trading days prior to and including 25 August 2011 of 25 pence per share and a Canadian Dollar per British Pound exchange rate of 1.603. Up to approximately 481 million newly issued San Leon shares are expected to be issued to Realm shareholders (assuming that such shareholders elect to receive the consideration payable to them fully in new San Leon shares).

The Board of Directors of each of San Leon and Realm have unanimously approved the Acquisition. The Board of Directors of Realm has received the opinion of its financial advisors that the consideration to be received pursuant to the Acquisition is fair, from a financial point of view, to Realm shareholders and has resolved to recommend that Realm shareholders vote in favour of the Acquisition.

The directors and officers of Realm, corporations controlled by them and certain other significant shareholders of Realm, together holding or controlling an aggregate of 40,912,276 Realm shares (being more than 37.7% of the issued Realm shares) have agreed to vote in favour of the Acquisition.

Acquisition rationale
The Board of Directors of San Leon believes that the acquisition of Realm has significant commercial logic and would bring together two complementary portfolios to create a focused and large shale acreage position in Poland's Baltic Basin. It is expected that the enlarged group will benefit from its combined operational and technical expertise as well as in-country experience in order to accelerate work programmes and de-risk the acreage. The combined position in Poland is also expected to provide cost synergies for the aforementioned work programmes.

This increased focus on shale may be further enhanced through the addition of any successful licence applications that Realm has submitted in Spain and France. To complement this large shale acreage position and associated work programmes, San Leon expects to continue to develop its conventional acreage in Poland, Albania, Morocco and Ireland in order to seek to build reserves, produce near-term cash flow and provide funding for work programmes going forward. The Board of Directors of San Leon believes that the enlarged group will be well capitalised to carry out its existing licence obligations through the addition of approximately C$24 million of cash currently on Realm's balance sheet.

The enlarged company will hold 28 concessions and licences in seven countries, with a continued focus on Poland, Morocco and Albania. San Leon is currently undertaking an extensive exploration programme and expects to drill 16 wells over the next twelve months.

The Board of Directors of San Leon believes that the combination of San Leon and Realm presents a unique opportunity to create significant value for shareholders in both companies.

The benefits of the Acquisition for Realm shareholders include:

  • The implied value of the Acquisition is approximately C$1.30 per Realm share[1].
    - a premium of 46.1% to the current share price of Realm[2];
    - a premium of 116.7% to Realm's closing share price the day prior to San Leon's first approach to Realm's Board[3]; and
    - a premium of 136.4% to Realm's closing share price the day prior to the announcement of the initiation of a strategic review of Realm's Polish interests[4].
  • The Acquisition will result in Realm shareholders owning approximately 36.9% of the enlarged entity[5], assuming that all shareholders elect to receive the consideration payable to them fully in new San Leon shares and all of the issued and outstanding options and warrants to acquire Realm shares are exercised.
  • The exchangeable shares offer certain Realm shareholders who are residents of Canada for the purposes of the Income Tax Act (Canada) the opportunity to obtain a full or partial deferral of taxable capital gains for Canadian federal income tax purposes in certain circumstances.
  • The ability to receive, at the election of Realm shareholders, San Leon shares or exchangeable shares gives Realm shareholders the opportunity to continue to participate in the future growth of the development of the Realm assets through an entity with cost and operational synergies.
  • The Arrangement Agreement provides that Realm shareholders will have the right to dissent from participating in the Acquisition and to elect to receive a fair value payment for their shares from Realm post-closing.

Acquisition Highlights
The Board of Directors of San Leon believes that the combination of San Leon and Realm will:

  • strengthen San Leon's focus and position as one of the leading shale players in Poland;
  • materially increase San Leon's acreage in Poland's Baltic Basin;
  • leverage San Leon's in-country technical team to add material value to Realm's assets;
  • have the potential to add further shale acreage to the portfolio through any successful licence applications that Realm has made in Spain and France; and,
  • provide cost and operational synergies for upcoming seismic and drilling programmes.

San Leon will acquire the following:

  • 4 exploration licences across Poland and Germany;
  • 10 licence applications in Spain and 10 licence applications in France;
  • >2.4 million gross acres under application in France and >2.0 million gross acres under application in Spain; and,
  • approximately C$24 million of cash currently on Realm's balance sheet.

Realm's asset base is detailed in the table below:

Country

Licence

Basin

Net Interest

Operator

Gross Acres

Net Acres

Poland

Gniew

Baltic

100%

Realm

294,296

294,296

Ilawa

Baltic

50%

LNG Energy

161,109

80,555

Wegrow

Podlasie

50%

LNG Energy

180,136

90,068

Germany

Aschen

Lower Saxony

100%

Realm

15,888

15,888

Total

651,429

480,807

Additional Terms of the Agreement
Pursuant to the Arrangement Agreement, Realm will call a meeting of its shareholders to consider and, if determined advisable, approve the plan of arrangement implementing the Acquisition. It is expected that the information circular relating to the Acquisition will be mailed to Realm shareholders in September 2011 and that, subject to the satisfaction, or where relevant waiver, of all relevant conditions, the Arrangement will become effective and the Acquisition completed in November 2011.


Conditions
The Acquisition is subject to a number of customary conditions, including the receipt of approval by the Realm shareholders, receipt of approval of the Court in the Province of British Columbia, Canada and receipt of stock exchange approvals.

Non-Solicitation Agreement and Termination Fees
The Arrangement Agreement contains customary non-solicitation provisions which restrict Realm from soliciting or entering third party acquisition proposals, subject to a "fiduciary out" and a matching right in favour of San Leon. Pursuant to the Arrangement Agreement, each of Realm and San Leon has agreed to pay the other a termination fee of C$4.0 million if the Arrangement Agreement or terminated in specified circumstances.

Realm Share Options and Warrants
In connection with the Acquisition, outstanding options and warrants to acquire an aggregate of 37.4 million Realm shares will become options and warrants to acquire San Leon shares on substantially equivalent terms and conditions.

Oisín Fanning, Executive Chairman of San Leon, commented:
"We are delighted to have reached agreement with the Realm board and its major shareholders. This is San Leon's most significant acquisition to date and offers a unique opportunity toincrease our exposure to the prospective upside that the Baltic Basin offers, which we expect will be enhanced by any successful shale licence applications in Spain and France.We also expect thisdeal to bringsignificant cost and operational synergies across the upcoming drilling programme whilst further enhancing the technical expertise in the Company.

The Board of San Leon believe that this acquisitionwill create significant value for shareholders in both companies without reducing exposure to the potential upside, whilst the Company continues to develop its conventional acreage across its portfolio inorder to seek to build reserves, produce near-term cash flow and provide funding for work programmes going forward."

Craig Steinke, Executive Chairman and CEO of Realm, commented:
"A combination of Realm and San Leon provides shareholders with diversity and substantial scale in the Baltic Basin of Poland, which is generally viewed as one of the most opportune new shale plays in Europe. As well, currently under government application in France and Spain, Realm has targeted over 4.4 million acres of organic rich shales, which subject to final awards, provides vast additional resource potential."

Information with respect to Realm
Realm is an independent oil and gas exploration and appraisal company listed on the TSX Venture Exchange (ticker symbol: RLM). The company holds 4 exploration licences across Poland and Germany as well as 10 licence applications in Spain and 10 licence applications in France. Its strategy is to focus on shale exploration and development opportunities.

Realm has been awarded 635,000 gross acres in Poland (465,000 net) and 15,888 gross acres in Germany (15,888 net). In addition, Realm has >2.4 million gross acres under application in France and >2.0 million gross acres under application in Spain. Realm's asset base is detailed in the table below:

Country

Licence

Basin

Net Interest

Operator

Gross Acres

Net Acres

Poland

Gniew

Baltic

100%

Realm

294,296

294,296

Ilawa

Baltic

50%

LNG Energy

161,109

80,555

Wegrow

Podlasie

50%

LNG Energy

180,136

90,068

Germany

Aschen

Lower Saxony

100%

Realm

15,888

15,888

Total

651,429

480,807


Overseas Shareholders of Realm
Participation in the Acquisition and the plan of arrangement effecting the Acquisition by persons who are not resident in Canada or the United Kingdom ("Overseas Shareholders") may be affected by the laws of the jurisdictions ("Overseas Jurisdictions") in which they are resident. Such persons should inform themselves about and observe any applicable requirements. Further details in relation to Overseas Shareholders will be contained in the information circular to be forwarded to Realm shareholders.

Any failure to comply with applicable restrictions may constitute a violation of the securities laws of any such Overseas Jurisdiction. To the fullest extent permitted by applicable law, the companies involved in the Acquisition disclaim any responsibility or liability for the violation of such restrictions by any person.

This announcement has been prepared for the purposes of complying with Canadian law and the AIM Rules for Companies and the information disclosed herein may not be the same as that which would have been prepared in accordance with the laws of other jurisdictions.

Unless otherwise determined by San Leon, and permitted by applicable law and regulation, the San Leon shares to be issued in connection with the Acquisition will not be issued directly to Realm shareholders in, and will not be capable of acceptance in or from, any Overseas Jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Copies of this announcement are not being, and must not be, mailed or otherwise forwarded, distributed or sent in, into or from any Overseas Jurisdiction where to do so would constitute a breach of securities laws in that jurisdiction. Persons receiving this announcement (including custodians, nominees and trustees) should observe these restrictions and should not send or distribute this announcement in, into or from any such jurisdictions.

Neither the San Leon shares nor the exchangeable shares to be issued by a subsidiary of San Leon pursuant to the Acquisition ("exchangeable shares") have been, nor will they be, registered under the US Securities Act of 1933 (the "Securities Act") or under any of the relevant securities laws of any state or other jurisdiction of the United States. Neither the US Securities and Exchange Commission nor any US state securities commission has approved of the San Leon shares or the exchangeable shares or determined if this document is accurate or complete. Any representation to the contrary is a criminal offence in the United States. The San Leon shares and the exchangeable shares to be issued pursuant to the plan of arrangement are intended to be issued in reliance upon the exemption from the registration requirements of the Securities Act provided by section 3(a)(10) thereof and only to the extent that corresponding exemptions from the registration or qualification requirements of state "blue sky" securities laws are available. Neither the San Leon shares nor the exchangeable shares may be offered or sold in the United States except pursuant to an exemption from the Securities Act or in a transaction not subject to the registration requirements of the Securities Act.

General
The Acquisition is subject to the terms and conditions of the Arrangement Agreement which will be described in the information circular which Realm intends to mail to its shareholders in September 2011. That information circular, a form of proxy and a form of election and transmittal letter, to be included therein, will be made available to all Realm shareholders at no cost to them. Realm shareholders are advised to read the information circular and the accompanying documents when they are sent to them because they will contain important information. The documents will be posted under Realm's profile at www.sedar.com.

This announcement is not intended to be and does not constitute, or form part of, an offer to sell or an invitation to purchase or subscribe for any securities or the solicitation of an offer to buy or subscribe for any securities pursuant to the Acquisition or otherwise, nor shall there be any purchase, sale or exchange of securities or such solicitation in any jurisdiction in which such offer, solicitation or sale or exchange would be unlawful prior to the registration or qualification under the laws of such jurisdiction.

The distribution of this announcement in jurisdictions or into certain jurisdictions may be restricted by the laws of those jurisdictions. Accordingly, copies of this announcement and all other documents relating to the Acquisition and/or the plan of arrangement are not being, and must not be, released, published, mailed or otherwise forwarded, distributed or sent in, into or from the United States, Australia, South Africa, Russia or Japan. Persons receiving such documents (including, without limitation, nominees, trustees and custodians) should observe these restrictions. Failure to do so may constitute a violation of the securities laws of any such jurisdiction.

Forward Looking Statements
This announcement contains certain forward-looking statements with respect to the financial condition, results of operations and business of Realm and San Leon and certain plans and objectives of the boards of directors of Realm and San Leon. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Forward-looking statements often use words such as "anticipate", "target", "expect", "estimate", "intend", "plan", "goal", "believe", "will", "may", "should", "would", "could" or other words of similar meaning. By their nature, forward-looking statements involve risks and uncertainties that could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Many of these risks and uncertainties relate to factors that are beyond Realm's and San Leon's abilities to control or estimate precisely, such as future market conditions and the behaviours of other market participants, and therefore undue reliance should not be placed on such statements. Should one or more of these risks or uncertainties materialise, or should underlying assumptions prove incorrect, actual results may vary materially from those described in this announcement. There are risks also inherent in the nature of the Acquisition, including failure to realize anticipated synergies or cost savings; risks regarding the integration of the two entities; incorrect assessments of the values of the other entity; and failure to obtain the required securityholder, Court, regulatory and other third party approvals. Realm and San Leon assume no obligation and do not intend to update or correct these forward-looking statements, except as required pursuant to applicable law.

Notes to Editors

San Leon
San Leon is an independent oil and gas exploration and production company listed on London's Alternative Investment Market (ticker symbol: SLE). The company holds exploration assets in Poland, Morocco, Albania, Ireland, and Italy. San Leon's focus is on both shale and conventional exploration across its portfolio.

Realm
Realm is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland and Germany and is in the process of acquiring additional petroleum and natural gas rights in other European basins which have been identified as high potential. Realm is committed to leveraging the most advanced shale technology to bring these resources into production. Visit Realm's website at www.realmenergy.ca.

Advisors
San Leon has engaged Macquarie Capital (Europe) Limited as its exclusive financial advisor in connection with the Acquisition. Realm has engaged GMP Securities L.P. as its exclusive financial advisor in connection with the Acquisition.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
Tel: +44 (0) 20 3037 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 207 457 2020

Realm Energy International Corporation
Craig Steinke, Executive Chairman and CEO
Tel: + 1 (604) 637-4974

GMP Securities L.P.
Wade Felesky
Tel: + 1 (403) 543-3043

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

[1] Based on San Leon's 60-day VWAP prior to and including 25 August 2011 of 25 pence per share and a Canadian Dollar per British Pound exchange rate of 1.603

[2] Based on Realm's mid-market closing price on 25 August 2011 of 0.89 Canadian dollars per share, as provided by the Toronto Stock Exchange

[3] Based on Realm's mid-market closing price on 16 June 2011 of 0.60 Canadian dollars per share, as provided by the Toronto Stock Exchange

[4] Based on Realm's mid-market closing price on 26 May 2011 of 0.55 Canadian dollars per share, as provided by the Toronto Stock Exchange

[5] Assumes all outstanding Realm options and warrants are exercised

Acquisition presentation/media-centre/news-releases/2011/august/31/acquisition-presentation.aspx2011-08-31T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/august/31/acquisition-presentation.aspx

Click here to view our Acquisition Presentation (PDF download)

Click here to view our Acquisition Presentation (PDF download)

Commencement of drilling: Chopin-1 exploration well, Nida Trough, Poland/media-centre/news-releases/2011/september/5/commencement-of-drilling.aspx2011-09-05T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/september/5/commencement-of-drilling.aspx

San Leon is pleased to report, further to its announcement on 1 September 2011, that drilling has now commenced on the Nida Concession (San Leon 100%). The Chopin-1 exploration well, as opposed to the Belvedere-1 exploration well, has spudded today. The well is planned to reach a total depth of 1,000 meters and will test multiple targets on trend with the Plowowice and Grobla oil fields. The Company plans to drill two exploration wells on the concession, this month, targeting multiple one to two million barrel prospects. The second exploration well to be drilled on the concession will be the Belvedere-1 and drilling on this well will commence post the Chopin-1 well.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

San Leon is pleased to report, further to its announcement on 1 September 2011, that drilling has now commenced on the Nida Concession (San Leon 100%). The Chopin-1 exploration well, as opposed to the Belvedere-1 exploration well, has spudded today. The well is planned to reach a total depth of 1,000 meters and will test multiple targets on trend with the Plowowice and Grobla oil fields. The Company plans to drill two exploration wells on the concession, this month, targeting multiple one to two million barrel prospects. The second exploration well to be drilled on the concession will be the Belvedere-1 and drilling on this well will commence post the Chopin-1 well.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

Realm Energy announces the acquisition of Shale Gas concessions in Spain/media-centre/news-releases/2011/september/21/realm-energy-acquisition-of-shale-gas-concessions-in-spain.aspx2011-09-21T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/september/21/realm-energy-acquisition-of-shale-gas-concessions-in-spain.aspx

San Leon notes today's announcement by Realm Energy regarding their successful land acquisition in Spain for shale gas exploration.

On August 26, 2011, San Leon announced that it had entered into agreement with Realm Energy pursuant to which San Leon will acquire all of the issued and outstanding shares of Realm Energy (the "Acquisition") subject to, inter alia, approval by realm Energy shareholders. Realm has given notice that it intends to hold a special meeting on November 1, 2011 to seek shareholder approval for the Acquisition. Further information with respect to the Acquisition is available in the Company's press release dated August 26, 2011, which can be viewed at San Leon's website, www.sanleonenergy.com, or Realm Energy's website, www.realmenergy.ca, or at www.sedar.com.

The full text of Realm's announcement is copied below:

Canada - Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX-V:RLM) (www.realmenergy.ca) is pleased to report on its successful land acquisition in Spain for shale gas exploration.

Realm Energy, in collaboration with Halliburton Consulting, has been evaluating shale plays in numerous sedimentary basins in Spain for approximately two years. Following this detailed evaluation, the Company submitted 10 applications in five discrete sedimentary basins, collectively comprising over 2.2 million acres (8,903 km2).

Realm Energy confirms it has now been formally awarded two permits, totaling 212,099 acres (858 km2) in the Cantabrian Basin of Northern Spain, for a period of six years.

With regard to the eight permit applications still in process, the Hydrocarbons Department of the Spanish Ministry of Industry, Tourism & Commerce has formally advised Realm Energy that it was also the successful applicant on six of the permits, which collectively total 1,512,383 acres (6,120 km2) and are now in process for formal award. Of the 10 permits applied for (covering 2.2 million acres), the success of only two permits (covering 503,887 acres (2,039 km2) is yet to be determined.

The minimum work programs on the 212,099 acres formally awarded and the 1,512,383 acres undergoing formal award, collectively 1,724,482 acres (6,978 km2), require the Company to acquire approximately 600 km of 2D seismic in the first two years. In years 3 & 4 the Company is required to acquire 300-900 km of 2D seismic, and drill and test three vertical wells. In years 5 & 6, the Company's minimum commitment is to drill and test five additional vertical wells. These selected permits all have excellent pipeline infrastructure.

The Company believes the shales in all concessions are thermally mature and may be prospective for natural gas production. Initial analysis of existing well logs indicates that primary targets are likely to be Eocene, Cretaceous and Carboniferous shales at depths ranging from 6,000-11,000 feet. Other preliminary mineralogy indications include:

Thickness 600-1300 feet net
Kerogen Type: Type II/III
TOC: 1 - 8% wt
Porosity: 2 - 6%
Maturity: Ro ~ 1 - 2
Geomechanics: Brittle shales
Pressure: Normally pressured to over pressured

Craig Steinke, Chairman & CEO commented, "As a result of this recent success, Realm Energy is now well positioned in five discrete sedimentary basins making the Company one of the largest landholders for shale gas exploration in Spain. This presents a tremendous growth opportunity for the Company as Spain also has a proven and stable fiscal system that ranks in the top 10% worldwide. Economic conditions are also attractive, as Spain is currently dependent on imports for its natural gas supply, and gas prices in the country are typically at a premium to prices found elsewhere in Western Europe."

About Realm Energy
Realm Energy is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland, Spain and Germany and is in the process of acquiring additional petroleum and natural gas rights in other European basins. Realm Energy is committed to leveraging the most advanced shale technology to bring these resources into production.

On August 26, 2011, Realm Energy announced it had reached an agreement with San Leon Energy plc ( development of major shale plays throughout Europe and emerging countries. The Company preEnergy (the "Acquisition"). The Company has given notice that it intends to hold a special meeting on November 1, 2011 to seek shareholder approval for the Acquisition. Further information with respect to the Acquisition is available in the Company's press release dated August 26, 2011, which can be viewed at Realm Energy's website, www.realmenergy.ca, or at www.sedar.com.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

San Leon notes today's announcement by Realm Energy regarding their successful land acquisition in Spain for shale gas exploration.

On August 26, 2011, San Leon announced that it had entered into agreement with Realm Energy pursuant to which San Leon will acquire all of the issued and outstanding shares of Realm Energy (the "Acquisition") subject to, inter alia, approval by realm Energy shareholders. Realm has given notice that it intends to hold a special meeting on November 1, 2011 to seek shareholder approval for the Acquisition. Further information with respect to the Acquisition is available in the Company's press release dated August 26, 2011, which can be viewed at San Leon's website, www.sanleonenergy.com, or Realm Energy's website, www.realmenergy.ca, or at www.sedar.com.

The full text of Realm's announcement is copied below:

Canada - Realm Energy International Corporation ("Realm Energy" or the "Company") (TSX-V:RLM) (www.realmenergy.ca) is pleased to report on its successful land acquisition in Spain for shale gas exploration.

Realm Energy, in collaboration with Halliburton Consulting, has been evaluating shale plays in numerous sedimentary basins in Spain for approximately two years. Following this detailed evaluation, the Company submitted 10 applications in five discrete sedimentary basins, collectively comprising over 2.2 million acres (8,903 km2).

Realm Energy confirms it has now been formally awarded two permits, totaling 212,099 acres (858 km2) in the Cantabrian Basin of Northern Spain, for a period of six years.

With regard to the eight permit applications still in process, the Hydrocarbons Department of the Spanish Ministry of Industry, Tourism & Commerce has formally advised Realm Energy that it was also the successful applicant on six of the permits, which collectively total 1,512,383 acres (6,120 km2) and are now in process for formal award. Of the 10 permits applied for (covering 2.2 million acres), the success of only two permits (covering 503,887 acres (2,039 km2) is yet to be determined.

The minimum work programs on the 212,099 acres formally awarded and the 1,512,383 acres undergoing formal award, collectively 1,724,482 acres (6,978 km2), require the Company to acquire approximately 600 km of 2D seismic in the first two years. In years 3 & 4 the Company is required to acquire 300-900 km of 2D seismic, and drill and test three vertical wells. In years 5 & 6, the Company's minimum commitment is to drill and test five additional vertical wells. These selected permits all have excellent pipeline infrastructure.

The Company believes the shales in all concessions are thermally mature and may be prospective for natural gas production. Initial analysis of existing well logs indicates that primary targets are likely to be Eocene, Cretaceous and Carboniferous shales at depths ranging from 6,000-11,000 feet. Other preliminary mineralogy indications include:

Thickness 600-1300 feet net
Kerogen Type: Type II/III
TOC: 1 - 8% wt
Porosity: 2 - 6%
Maturity: Ro ~ 1 - 2
Geomechanics: Brittle shales
Pressure: Normally pressured to over pressured

Craig Steinke, Chairman & CEO commented, "As a result of this recent success, Realm Energy is now well positioned in five discrete sedimentary basins making the Company one of the largest landholders for shale gas exploration in Spain. This presents a tremendous growth opportunity for the Company as Spain also has a proven and stable fiscal system that ranks in the top 10% worldwide. Economic conditions are also attractive, as Spain is currently dependent on imports for its natural gas supply, and gas prices in the country are typically at a premium to prices found elsewhere in Western Europe."

About Realm Energy
Realm Energy is a Canadian domiciled global energy company focused on driving the exploration and development of major shale plays throughout Europe and emerging countries. The Company presently has projects in Poland, Spain and Germany and is in the process of acquiring additional petroleum and natural gas rights in other European basins. Realm Energy is committed to leveraging the most advanced shale technology to bring these resources into production.

On August 26, 2011, Realm Energy announced it had reached an agreement with San Leon Energy plc ( development of major shale plays throughout Europe and emerging countries. The Company preEnergy (the "Acquisition"). The Company has given notice that it intends to hold a special meeting on November 1, 2011 to seek shareholder approval for the Acquisition. Further information with respect to the Acquisition is available in the Company's press release dated August 26, 2011, which can be viewed at Realm Energy's website, www.realmenergy.ca, or at www.sedar.com.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

Result of Annual General Meeting/media-centre/news-releases/2011/september/23/result-of-agm.aspx2011-09-23T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/september/23/result-of-agm.aspx

San Leon is pleased to announce that at its Annual General Meeting held earlier today in Dublin all resolutions put to the meeting were passed by shareholders.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

San Leon is pleased to announce that at its Annual General Meeting held earlier today in Dublin all resolutions put to the meeting were passed by shareholders.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

Commencement of drilling: Lewino 1G2 well, Gdansk-W concession, Baltic Basin/media-centre/news-releases/2011/september/26/commencement-of-drilling.aspx2011-09-26T00:00:00San Leon Energywww.sanleonenergy.com/media-centre/news-releases/2011/september/26/commencement-of-drilling.aspx

Commencement of drilling: Lewino 1G2 well, Gdansk-W concession, Baltic Basin
San Leon Energy is pleased to announce that it has spudded its Lewino 1G2 well on Gdansk-W concession, which is operated by Talisman Energy Poland. The well is targeting unconventional shale gas in the Lower Silurian, Ordovician and Upper Cambrian in the Baltic Basin in Poland. This is the first of a three well program in the Baltic Basin with wells to be drilled in the Braniewo and Szczawno concessions following Lewino 1G2.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020

Commencement of drilling: Lewino 1G2 well, Gdansk-W concession, Baltic Basin
San Leon Energy is pleased to announce that it has spudded its Lewino 1G2 well on Gdansk-W concession, which is operated by Talisman Energy Poland. The well is targeting unconventional shale gas in the Lower Silurian, Ordovician and Upper Cambrian in the Baltic Basin in Poland. This is the first of a three well program in the Baltic Basin with wells to be drilled in the Braniewo and Szczawno concessions following Lewino 1G2.

For further information contact:

San Leon Energy Plc
Oisin Fanning, Executive Chairman
Tel: + 353 1291 6292

Macquarie Capital (Europe) Limited
Paul Connolly
Ben Colegrave
John Dwyer
Tel: +44 (0) 20 3037 2000

Arbuthnot Securities
James Steel
Antonio Bossi
Tel: +44 (0) 20 7012 2000

College Hill Associates
Nick Elwes
Tel: +44 (0) 20 7457 2020