BlackRock Takes Position in San Leon Energy

BlackRock Investment Management, the world’s largest asset-management firm, has taken a 9.57% holding in San Leon Energy plc.

San Leon recently closed an Ordinary Share offering raising  approximately £59.6 million.

The funds will be directed to the work programme targeting high impact shale gas and conventional plays in Poland and Morocco as well as a programme of low cost, early production Polish oil prospects that have the potential to provide cash flow for future exploration and appraisal programmes.

The Company stated that it has identified a fourteen to seventeen well programme targeting both unconventional and conventional leads and prospects in Poland and Morocco. Read more HERE

Source: San Leon Energy plc