Transfer of Interest (4589U)

TIDMSLE

RNS Number : 4589U

San Leon Energy PLC

22 December 2011

San Leon Energy Plc

Transfer of Interest

San Leon Energy Plc ("San Leon" or the "Company") announces that the Company has been advised by its partner Beach Energy Ltd (Beach"), that, as part of its ongoing portfolio management, it is withdrawing from the Durresi Block, offshore Albania.

Beach Energy Ltd ("Beach") has announced the withdrawal as part of an international update where it has also announced that it is withdrawing from licences in Albania, Spain and Egypt.

As a result of this and subject to regulatory approval, Beach Energy's 25% interest will now transfer to San Leon who will now hold 100% of the Durresi Block.

For further information contact:

 
 San Leon Energy plc                   +353 1291 6292 
 Oisin Fanning, Executive Chairman 
 
 Arbuthnot Securities Limited          +44 (0) 20 7012 2000 
 Antonio Bossi 
  Richard Johnson 
 
 Macquarie Capital (Europe) Limited    +44 (0) 3037 2000 
 Paul Connolly 
  John Dwyer 
 
 College Hill Associates               +44 (0) 20 7457 2020 
 Nick Elwes

This information is provided by RNS

The company news service from the London Stock Exchange

END

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