BRIEF-San Leon Energy Announces Update On Dispute With Suntrust Oil
May 24 (Reuters) – San Leon Energy PLC:
* UPDATE ON DISPUTE WITH SUNTRUST OIL
* PROVIDED WITH A COPY OF CORRESPONDENCE BETWEEN SUNTRUST OIL AND NIGERIAN DEPARTMENT OF PETROLEUM RESOURCES
* CORRESPONDENCE ON REQUIREMENT FOR MINISTER TO CONSENT TO ANY ASSIGNMENT OF INTERESTS IN OIL AND GAS ASSETS IN NIGERIA
* CORRESPONDENCE ON CONSENT FROM MINISTER NOT OBTAINED PRIOR TO PURCHASE BY COMPANY OF ITS INDIRECT INTEREST IN OML 18
* SAN LEON AND PARTNERS HAVE RE-CONFIRMED WITH THEIR LEGAL ADVISERS THAT THIS POSITION IS CORRECT AND DPR WILL BE NOTIFIED ACCORDINGLY
* REMAINS OF VIEW THAT PURPORTED ALLEGATIONS BY SUNTRUST ARE WITHOUT ANY FOUNDATION OR MERIT Source text for Eikon: Further company coverage: ([email protected])
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