Leed Petroleum commenced a strategic review process and has retained Macquarie Tristone as financial advisor to assist with this review.

The Company has selected Macquarie Tristone (Macquarie Capital (USA) Inc.) to undertake a review of a broad range of strategic options, including but not limited to divesting some or all of the Company's oil and natural gas assets, securing a new bank credit facility and / or other potential transactions such as a merger with another company.

The Company will continue to retain Matrix as its Nominated Adviser, and Matrix and Brewin Dolphin as Co-Brokers.

Howard Wilson, President and Chief Executive of Leed, commented, 'We are happy to bring Macquarie Tristone on board to maximize value from Leed's assets. Macquarie Tristone is a leading advisor to exploration and production companies in the U.S and the U.K. We expect to conduct a thorough analysis of information gathered in the Strategic Review process to make the best decision on the future direction of the Company.'

Tags: Leed Petroleum PLC