Proposed oml 18

Production Arrangement

And placing

26 August 2016

San Leon Energy PLC announces its entry

into Nigerian onshore oil and gas production.

San Leon is pleased to announce that on 26 August 2016 it has conditionally raised in excess of £170 million through an issue of new ordinary shares (“Ordinary Shares”) at a placing price of 45 pence per Ordinary Share (“Placing Price”) with institutional and other investors. The net proceeds are being used to complete the OML 18 Production Agreement, which will result in the Company securing an initial 9.72 per cent. indirect economic interest in OML 18, the world-class Nigerian onshore oil and gas asset, and for general corporate purposes. Learn more about this transformational deal -> CLICK ON THE LINKS BELOW

To download full
press release

please click here

To see AIM
Admission Document

please click here

To read Brandon Hill
Capital Flashnote

please click here

For further information on our
Proposed OML 18 Production
Arrangement and Placing

please click here

This is a transformational transaction representing the progress that we have made in delivering against our strategy of securing production and near-term operational cash flow. The OML 18 field in Nigeria is a world class asset currently producing more than 50,000 barrels of oil per day and 50MMscfpd of gas and containing substantial 2P reserves.