San Leon Energy says that certain of its subsidiaries, including Aurelian Oil & Gas Limited (together, 'Aurelian') have been unsuccessful in their appeal against the findings of the International Court of Arbitration of the International Chamber of Commerce in relation to the arbitration between Aurelian and Avobone N.V. and Avobone Poland B.V..

Aurelian appealed the ICC findings to the UK Commercial Court in October 2015. The findings of the court, received by the Company on 4 February 2016 but not conclusive until 11 February, were that Aurelian's leave to appeal was dismissed. Accordingly, the original award as detailed in the Company's announcement of 26 May 2015 stands.

Tags: San Leon Energy