Last checked at 11 Aug 2016 07:00
San Leon Energy plc
("San Leon" or the "Company")
Response to Press Speculation
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Further to press speculation, San Leon announces that it has received equity placing orders in excess of US$200 million at 45 pence per share to complete the acquisition of an indirect interest in OML 18, a Nigerian Oil and Gas producing field (the "Transaction"). The Company also confirms that Mr Mutiu Sunmonu, former Managing Director of the Shell Petroleum Development Company of Nigeria Limited, is expected to be appointed as Non-Executive Chairman of San Leon with Oisin Fanning, assuming the role of Chief Executive Officer. The Company anticipates full details of the Transaction together with publication of an AIM admission document will be published shortly.
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Enquiries:
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San Leon Energy plc Oisin Fanning, Executive Chairman  | +353 1291 6292 |
SP Angel Corporate Finance LLP Nominated Adviser and Joint Broker Ewan Leggat Richard Morrison Richard Hail  | +44 (0) 20 3470 0470  |
Whitman Howard Limited Joint Broker Nick Lovering Francis North  | +44 (0) 20 7659 1234  |
Brandon Hill Capital Limited Joint Broker Oliver StansfieldJonathan Evans | +44 (0) 20 3463 5000  |
Vigo CommunicationsFinancial Public RelationsChris McMahon Alexandra Roper  | +44 (0) 20 7830 9700 |
Plunkett Public RelationsSharon Plunkett | +353 (0) 1 280 7873 |
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