SLE – Update on Barryroe Farm-Out Agreement

San Leon notes the announcement today from Providence Resources Plc (“Providence”) regarding the Barryroe Field, offshore Ireland, in which San Leon holds a 4.5% Net Profit Interest. San Leon Energy is not required to pay any further appraisal or development costs on the Licence. The main text of Providence’s announcement is set out below for reference.

The Company congratulates Providence on finalising binding farm-out terms.