San Leon Energy PLC Polish Court Decision (2781M)

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RNS Number : 2781M

San Leon Energy PLC

11 October 2016

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 plc 
  Oisin Fanning, Executive    +353 1291 
  Chairman                     6292 
 Brandon Hill Capital 
  Limited 
  Joint Broker 
  Oliver Stansfield           +44 (0) 20 
  Jonathan Evans               3463 5000 
 SP Angel Corporate 
  Finance LLP 
  Nominated Adviser 
  and Joint Broker 
  Ewan Leggat                 +44 (0) 20 
  Richard Morrison             3470 0470 
 Whitman Howard Limited 
  Joint Broker 
  Nick Lovering               +44 (0) 20 
  Francis North                7659 1234 
 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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October 11, 2016 12:54 ET (16:54 GMT)