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San Leon Energy Plc (SLGYY: OTCQX International) | Statement re Request for Arbitration

12 April 2013

San Leon Energy plc

(“San Leon” or “the Company”

 

Statement re Request for Arbitration

San Leon announces that, on 11 April 2013, it received notice from the Secretariat of the International Court of Arbitration of the International Chamber of Commerce (‘ICC’ confirming the submission of a Request for Arbitration (‘Request’ submitted by Avobone N.V. and Avobone Poland B.V. (together, ‘Avobone’ in relation to the purchase by Aurelian Oil & Gas, San Leon’s subsidiary, of Avobone’s 10% shares and loans in Energia Zachód Sp. z o.o. – the titleholder of the Siekierki asset.

San Leon has reviewed the Request with counsel and believes that the claims are substantially without merit.   San Leon is contesting these claims robustly.

The Company believes that the claims will not have any impact on its on-going operations.

 

Enquiries:

San Leon Energy plc

+353 1291 6292

Oisin Fanning, Executive Chairman

 

 

 

Westhouse Securities Limited

+44 (0) 20 7601 6100

Richard Johnson

Antonio Bossi

 

 

 

Macquarie Capital (Europe) Limited

+44 (0) 20 3037 2000

John Dwyer

 

 

 

Fox Davies Capital

+44 (0) 20 3463 5000

Susan Walker

Daniel Fox-Davies

 

 

 

FirstEnergy Capital LLP

+44 (0) 20 7448 0200

Hugh R. Sanderson

David Van Erp

 

 

 

College Hill Associates

+44 (0) 20 7457 2020

David Simonson

Rupert Trefgarne

Alexandra Roper

 

 

 

www.sanleonenergy.com

 

 

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