REG - San Leon Energy PLC - Adjournment of Ocean Pearl winding up petition

San Leon EnergyAnnouncement

23/05/2024 07:00

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RNS Number : 5497P  San Leon Energy PLC  23 May 2024

 

23 May 2024

San Leon Energy plc

("San Leon" or the "Company")

Adjournment of Ocean Pearl winding up petition

 

San Leon, the independent oil and gas production, development and exploration
company focused on Nigeria, is pleased to announce that further to the
Company's notification on 21 May 2024 the hearing of the petition by Ocean
Pearl Maritime SA ("Ocean Pearl") to wind up one of its subsidiaries, San
Leon ELI Limited, has been adjourned by mutual agreement. The final hearing is
now expected to take place in July 2024 or shortly thereafter.

 

As previously announced, San Leon will take all actions to defend the petition
and prevail upon Ocean Pearl to work constructively with the Company towards
an expedient completion of the acquisition of its 13.5 per cent interest in
Energy Link Infrastructure (Malta) Limited.

 

Further announcements will be made as appropriate.

 

Enquiries:

 

 San Leon Energy plc                                   +353 1291 6292
 Oisin Fanning, Chief Executive

 Julian Tedder, Chief Financial Officer
 Allenby Capital Limited                               +44 20 3328 5656

 (Nominated adviser and joint broker to the Company)
 Nick Naylor

 Alex Brearley

 Vivek Bhardwaj
 Panmure Gordon & Co                                   +44 20 7886 2500

 (Joint broker to the Company)
 James Sinclair-Ford
 Fortified Securities                                  +44 7493989014

 (Joint broker to the Company)
 Guy Wheatley
 Tavistock                                             +44 20 7920 3150

 (Financial Public Relations)
 Nick Elwes

 Simon Hudson
 Plunkett Public Relations                             +353 1 230 3781
 Sharon Plunkett

 

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