Durresi Block, Albania Licence Extension Approved

San Leon is pleased to confirm that the Second Amendment (“Amendment”) to its Petroleum Sharing Contract (“PSC”) for the Durresi Block, offshore Albania, where the Company holds a 100% operating interest, became effective on 31 July 2013 following Council of Ministers approval and publication in country’s Official Gazette.

As previously announced in our 26 April 2013 update, the Amendment alleviates the tight timelines that existed in the PSC. San Leon now has two full years from 31 July 2013 to begin drilling operations.

energjia.al, 05.08.2013