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LATEST NEWS
03/09/2010 - Appointment of CFO
27/08/2010 - Board Appointments
23/08/2010 - Slyne 3D Seismic Acquisition Update
03/08/2010 - Placing
06/07/2010 - Seismic survey – Atlantic Margin, West coast of Ireland
RESEARCH INFO
02/06/2010 - Fox Davies Capital issue report on San Leon "Dealers and Drillers"
Talisman Focus on Unconventional Resources in Poland
http://naturalgasforeurope. com/talisman-to-focus-on- unconventional-resources.htm
European shale reserves could rival USA
http://naturalgasforeurope. com/european-shale-reserves- could-rival-usa.htm#more-1219
Extension of Working Capital Facility to IslandFebruary 11, 2010
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Further to the announcements on 23 December 2009 and 29 January 2010 regarding the provision of a €500,000 working capital facility ("the Loan") to Island Oil & Gas plc ("Island"), San Leon is pleased to announce that it has agreed to extend the Loan to 26 February 2010. The Loan and accrued interest will now be repayable on 26 February 2010 if San Leon and Island do not make an announcement pursuant to rule 2.5 of the Irish Takeover Rules ("2.5 Announcement") in relation to Island by this date and is also immediately repayable if a 2.5 Announcement is made in relation to Island by any person other than San Leon. All other terms of the Loan remain the same. Discussions between San Leon and Island are continuing and both companies are working towards an agreement on an offer for Island, which the Directors of Island currently intend to recommend. For further information contact:
The directors of San Leon accept responsibility for the information contained in this announcement. To the best of the knowledge and belief of the Company's Directors (who have taken all reasonable care to ensure that such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information. |
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