11 Oct 2016 17:54
11 October 2016
San Leon Energy Plc
("San Leon" or "the Company")
Polish Court Decision
San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, today announces the decision of the Regional Court in Warsaw, Poland, in relation to the dispute between certain of the Company's subsidiaries, including Aurelian Oil & Gas Limited (together, "Aurelian") and Avobone N.V. and Avobone Poland B.V. (together, "Avobone").
As announced on 26 May 2015, the International Court of Arbitration of the International Chamber of Commerce ("ICC") found against Aurelian in its dispute with Avobone over the Siekierki asset in the Poznan area of Poland. Today, the Regional Court recognised the ICC award and its enforceability on Aurelian, or one or more of its constituent companies, in Poland.
The Aurelian subsidiaries have leave to appeal the decision.
Enquiries:
San Leon Energy plcOisin Fanning, Executive Chairman
| +353 1291 6292 |
Brandon Hill Capital LimitedJoint BrokerOliver StansfieldJonathan Evans
| +44 (0) 20 3463 5000 |
SP Angel Corporate Finance LLPNominated Adviser and Joint BrokerEwan LeggatRichard Morrison
| +44 (0) 20 3470 0470 |
Whitman Howard LimitedJoint BrokerNick LoveringFrancis North
| +44 (0) 20 7659 1234 |
Vigo CommunicationsFinancial Public RelationsChris McMahonAlexandra Roper
| +44 (0) 20 7830 9700 |
Plunkett Public RelationsSharon Plunkett
| +353 (0) 1 280 7873 |
www.sanleonenergy.com
San Leon (SLE)