The Directors of Aurelian report that the High Court of Justice of England and Wales has today, 24 January 2013, made an order sanctioning the Scheme by which the acquisition of Aurelian by San Leon is being implemented and confirming the Reduction of Capital.

In order for the Scheme to become effective, the Court Order relating to the Scheme and the associated Reduction of Capital must be delivered to the Registrar of Companies. It is expected that the Court Order will be delivered to the Registrar of Companies tomorrow, 25 January 2013, and accordingly the Scheme will become effective on that date.

Following application by Aurelian to the London Stock Exchange, trading in Aurelian Shares on AIM was suspended at 7.30 a.m. today, 24 January 2013. Application has been made to the London Stock Exchange for the cancellation of admission of the Aurelian Shares to trading on AIM, with effect from 7.00 a.m. on the Effective Date, expected to be 25 January 2013.

Those Scheme Shareholders who were on the register of members at the Scheme Record Time (being 6.00 p.m. on 23 January 2013) will be entitled to receive 1.3 New San Leon Shares for each Aurelian Share held.

Tags: Aurelian Oil & Gas PLC, San Leon Energy