TIDMSLE

RNS Number : 8296H

San Leon Energy PLC

22 August 2016

22 August 2016

San Leon Energy plc

("San Leon" or the "Company")

Project status update - Acquisition of indirect interest in OML 18

Further to the announcement on 11 August 2016, the Company announces that it continues to progress with the acquisition of an indirect interest in OML 18, a producing onshore Oil field located in the Southern Niger Delta (the "Transaction"). The Company is in the final stages of obtaining all necessary regulatory approvals before publishing an AIM Admission Document which will contain full details of the Transaction. The Company's shares will remain suspended, pending publication of the Admission Document, at which point the Company will seek the restoration of its shares to trading on AIM.

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

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August 22, 2016 12:00 ET (16:00 GMT)

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