Last checked at 12 Apr 2013 11:40
12 April 2013
San Leon Energy plc
("San Leon" or "the Company")
Statement re Request for Arbitration
San Leon announces that, on 11 April 2013, it received notice from the Secretariat of the International Court of Arbitration of the International Chamber of Commerce ('ICC') confirming the submission of a Request for Arbitration ('Request') submitted by Avobone N.V. and Avobone Poland B.V. (together, 'Avobone') in relation to the purchase by Aurelian Oil & Gas, San Leon's subsidiary, of Avobone's 10% shares and loans in Energia Zachód Sp. z o.o. - the titleholder of the Siekierki asset.
San Leon has reviewed the Request with counsel and believes that the claims are substantially without merit. San Leon is contesting these claims robustly.
The Company believes that the claims will not have any impact on its on-going operations.
Enquiries:
San Leon Energy plc | +353 1291 6292 |
Oisin Fanning, Executive Chairman | |
Westhouse Securities Limited | +44 (0) 20 7601 6100 |
Richard Johnson Antonio Bossi | |
Macquarie Capital (Europe) Limited | +44 (0) 20 3037 2000 |
John Dwyer | |
Fox Davies Capital | +44 (0) 20 3463 5000 |
Susan Walker Daniel Fox-Davies | |
FirstEnergy Capital LLP | +44 (0) 20 7448 0200 |
Hugh R. Sanderson David Van Erp | |
College Hill Associates | +44 (0) 20 7457 2020 |
David Simonson Rupert Trefgarne Alexandra Roper |
www.sanleonenergy.com