Payment Received Against MLPL Loan Notes

RNS Number : 5378J

San Leon Energy PLC

03 April 2018

 

03 April 2018

San Leon Energy plc

("San Leon" or the "Company")

Payment Received Against MLPL Loan Notes

Repayment of Midwestern Leon Petroleum Limited ("MLPL") Loan Notes (the "Loan Notes")

San Leon Energy plc (the "Company"), the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, is scheduled to be paid approximately US$19 million per quarter by MLPL in respect of the Loan Notes. San Leon can now confirm that it has received approximately $19 million in full satisfaction of MLPL's obligations for Q1 2018 in respect of the Loan Notes.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Enquiries:

San Leon Energy plc	+ 353 1291 6292
Oisin Fanning, Chief Executive
SP Angel Corporate Finance LLP (Nominated Adviser)	[phone]
Richard Morrison
Ewan Leggat
Whitman Howard Limited (Financial adviser and Joint broker)	[phone]
Nick Lovering
Francis North
Brandon Hill Capital Limited (Joint broker to the Company)	[phone]
Oliver Stansfield
Jonathan Evans
Vigo Communications (Financial Public Relations)	[phone]
Chris McMahon
Kate Rogucheva
Plunkett Public Relations	[phone]
Sharon Plunkett

 

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