Morocco Farm-In Agreements

RNS Number : 8314J

San Leon Energy PLC

13 August 2012

 



13 August 2012

San Leon Energy Plc

("San Leon" or the "Company")

Morocco Farm-In Agreements

San Leon Energy notes the Serica Energy plc ("Serica") Quarterly Update announced this morning where it references the near conclusion of farm in contracts for the offshore Foum Draa and Sidi Moussa permits.

San Leon is looking forward to informing its shareholders of the final terms upon completion of the agreements which is expected shortly.

Pre completion of the farm-in agreements, San Leon Energy holds a 42.5% net operated interest in both blocks. The remaining interest is held by Serica (25%), Longreach Oil and Gas (7.5%) and ONYHM, the National Bureau of Petroleum and Mines, in Morocco (25%).

For further information contact:

San Leon Energy Plc	Tel: + 353 1291 6292
Oisin Fanning, Executive Chairman
John Buggenhagen, Exploration Director
Macquarie Capital (Europe) Limited	Tel: [phone]
Paul Connolly
John Dwyer
Fox Davies Capital	Tel: [phone]
Daniel Fox-Davies
Oliver Stansfield
Westhouse Securities Richard Johnson	Tel: [phone]
Antonio Bossi
College Hill Associates	Tel: [phone]
Nick Elwes
Alexandra Roper

www.sanleonenergy.com

 

END

 

 

AGRDBLFFLVFXBBF