Board Change

RNS Number : 0620F

San Leon Energy PLC

20 May 2013

 



20 May 2013

San Leon Energy Plc

("San Leon" or the "Company")

Board Change

San Leon announces that Dr John Buggenhagen, who joined the Company as Exploration Director four years ago is stepping down from the board with effect from today. John helped generate a compelling exploration and appraisal portfolio, together with a strong internal technical team who remain fully focused on the Company's assets.

Having relocated to Poland with his family during this period, Dr Buggenhagen has decided to return to the US to pursue new opportunities, and he will therefore be leaving the Company.  Dr Buggenhagen will maintain a keen interest in San Leon via an ongoing consultancy agreement focused on continuing to deliver technical value throughout the portfolio.  John will also continue to serve as an advisor to the Board on strategic decisions.  The Company's well-established technical office in Warsaw is set up with two experienced exploration managers whose remit will now include the exploration strategy work previously performed by Dr Buggenhagen.  Further strategic input has already been integrated from the Aurelian Oil & Gas team who joined the Company during the merger in January of this year.

Dr Buggenhagen comments:

"I am proud to have developed San Leon's portfolio and exploration team to their current strong positions, and look forward to seeing the successful commercialization of the assets.  The technical management and staff have my full confidence to pursue this, and I look forward to my continued involvement at such an exciting time."

Oisin Fanning, San Leon Chairman, commented:

"I would like to extend my heartfelt thanks to John on behalf of the Company, for the dedication and exploration skill he has given the Company over the past four years.  He leaves San Leon in an enviable position in terms of its portfolio and opportunities, and I am delighted that he will continue to work with the Company to help develop our assets.  I wish him all the best for the future."

For further information contact:

San Leon Energy Plc	Tel: [phone]
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration Director
Macquarie Capital (Europe) Limited	Tel: [phone]
John Dwyer
Fox Davies Capital	Tel: [phone]
Daniel Fox-Davies
Richard Hail
FirstEnergy Capital LLP	Tel: [phone]
Hugh R. Sanderson
David van Erp
Westhouse Securities (Nominated Advisor)	Tel: [phone]
Richard Johnson
Antonio Bossi
College Hill Associates	Tel: [phone]
David Simonson
Alexandra Roper
Plunkett Public Relations	Tel: [phone]
Sharon Plunkett
Jennie Cotter

www.sanleonenergy.com

 

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