San Leon Energy PLC Polish Court Decision (2781M)
October 11 2016 - 12:54PM
UK Regulatory
TIDMSLE
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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