San Leon Energy PLC Arbitration Update (9249V)

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RNS Number : 9249V

San Leon Energy PLC

21 April 2016

21 April 2016

San Leon Energy Plc

("San Leon" or "the Company")

Arbitration Update

As a supplement to the announcements dated 16 and 19 February 2016 concerning the ongoing 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"), on 19 April 2016 the Company received particulars of an intended claim in the Irish courts from Avobone against Aurelian. The particulars of the claim are as detailed in the Company's announcement of 26 May 2015, and the Company's approach to the dispute remains unchanged from the announcements dated 16 and 19 February 2016.

The Company believes any action in Ireland to be inappropriate as none of the Aurelian companies is incorporated in Ireland, does business there, or has any material connection with that jurisdiction.

Enquiries:

 
 San Leon Energy plc 
  Oisin Fanning, Executive 
  Chairman                    [phone] 
 
 Brandon Hill Capital 
  Oliver Stansfield           +44 (0) 20 
  Jonathan Evans               3463 5000 
 finnCap Ltd 
  Corporate Finance 
  Matt Goode 
  Christopher Raggett 
  Corporate Broking           +44 (0) 20 
  Joanna Weaving               7220 0500 
 Macquarie Capital 
  (Europe) Limited            +44 (0) 20 
  Jon Fitzpatrick              3037 2000 
 Vigo Communications 
  Financial Public 
  Relations 
  Chris McMahon               +44 (0) 20 
  Alexandra Roper              7830 9700 
 Plunkett Public Relations    +353 (0) 1 
  Sharon Plunkett              280 7873 
 

www.sanleonenergy.com

This information is provided by RNS

The company news service from the London Stock Exchange

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April 21, 2016 06:27 ET (10:27 GMT)