TIDMSLE

RNS Number : 8997G

San Leon Energy PLC

11 August 2016

San Leon Energy plc

("San Leon" or the "Company")

Response to Press Speculation

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.

Enquiries:

 
 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 Stansfield 
  Jonathan Evans              +44 (0) 20 3463 5000 
---------------------------  --------------------- 
 Vigo Communications 
  Financial Public 
  Relations 
  Chris McMahon 
  Alexandra Roper             +44 (0) 20 7830 9700 
---------------------------  --------------------- 
 Plunkett Public Relations 
  Sharon Plunkett             +353 (0) 1 280 7873 
---------------------------  ---------------------

This information is provided by RNS

The company news service from the London Stock Exchange

END

SPCGGUAPRUPQUAG

(END) Dow Jones Newswires

August 11, 2016 02:01 ET (06:01 GMT)

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