Appointment of Adviser

RNS Number : 3625C

San Leon Energy PLC

11 November 2009

 



San Leon Energy Plc

("San Leon" or the "Company") 

Appointment of Adviser 

San Leon appoints Gulf Merchant Bank Limited as its Middle East & North Africa ("MENA") region Strategic Adviser

San Leon Energy, the AIM listed international oil and gas company with assets in Morocco, Italy, Poland, the Netherlands and the USA announced it has appointed Gulf Merchant Bank Limited, the investment banking and asset management firm regulated by the Dubai Financial Services Authority, as its MENA region Strategic Adviser.

Oisin Fanning, Chairman of San Leon commented:

"We are very pleased with the partnership of Gulf Merchant Bank as our Middle East & North Africa Strategic Adviser.  We look forward to utilising GMB's investment banking expertise in the oil and gas industry, as well as leveraging their extensive regional experience and understanding, to help us achieve our objectives."

Nabil Maaloul, Chairman & CEO of Gulf Merchant Bank commented:

"We are delighted to work with San Leon and to offer our experience in the MENA region through our dedicated energy team.  Our relationship with San Leon is in line with our strategy to work with companies that have a solid vision, leadership and dedication to the achievement of goals. We look forward to a long and mutually beneficial business engagement with San Leon."

Under the terms of the appointment, GMB is to be issued warrants in 5% of the current issued share capital of San Leon Energy Plc at a strike price of 22 pence per share exercisable over a 3 year period commencing 1st December 2009.

For further information contact:

San Leon Energy Plc                                             Tel: + 353 1291 6292

Oisin Fanning, Chairman

Philip Thompson, Chief Executive Officer

Arbuthnot Securities (Nomad and joint broker)   Tel: [phone]

Nick Tulloch

Andrew Fairclough

Fox Davis Capital (joint broker)                           Tel: [phone]

Jason Bahnsen

Oliver Stanfield

Bell Pottinger                                                         Tel:  + 44 (0) 20 7861 3232

Dan de Belder

Rosanne Perry

On behalf of Gulf Merchant Bank Limited

Bell Pottinger Middle East:

Tom Mollo                                                               [phone]

Alisdair Haythornthwaite                                          [phone]

About San Leon Energy Plc

San Leon Energy Plc is incorporated in Ireland.  The San Leon Group (San Leon Energy Plc and its 5 wholly owned trading subsidiaries) is an international group of companies focused on the exploration and production of oil and gas projects in Morocco, Italy, Poland, North America and the Netherlands.

About Gulf Merchant Bank Limited

Gulf Merchant Bank Ltd (GMB) is a Dubai-based corporate finance and asset management company regulated by the Dubai Financial Services Authority (DFSA) offering a number of flexible and innovative products to institutional investors, corporations and high net-worth individuals through its services which include corporate finance advisory, capital markets advisory, fund management and private client services. GMB's Investment Banking capabilities include a special focus and expertise in the Energy sector. The dedicated Energy team was formed to service global oil and gas companies, foreseeing a growth in M&A activity in the sector as the declines in valuations steady and the outlook becomes less volatile, and to respond to a demand for advisory, restructuring and fundraising support.

GMB is part of the Gulf Merchant Group of companies, which is comprised of GMB in Dubai, and Gulf Merchant Group LLP in the United Kingdom (authorised and regulated by the Financial Services Authority "FSA"). For more information on GMB please see: www.gulfmerchantbank.com.

 

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