San Leon Energy Plc and Midwestern Oil & Gas Company Limited agreed to acquire 20% stake in MartWestern Energy Limited from Suntrust Oil Co. Nigeria Ltd.
The deal is subject to court approvals in Canada, third party approvals, regulatory and stock exchange approvals and shareholder approvals. The transaction is expected to close in March 2016. DSA Investments Inc. acted as advisor for San Leon Energy Plc. Oliver Stansfield and Jonathan Evans from Brandon Hill Capital, and Matt Goode and Christopher Raggett from finnCap Ltd acted as financial advisors for San Leon Energy Plc. Joanna Weaving from finnCap Ltd acted as broker for San Leon Energy Plc. Jon Fitzpatrick and Nicholas Harland from Macquarie Capital (Europe) Limited, and Richard Johnson and Antonio Bossi from Stockdale Securities Ltd acted as financial advisors for San Leon Energy Plc. Chris McMahon and Alexandra Roper from Vigo Communications, and Sharon Plunkett from Plunkett Public Relations acted as PR advisors for San Leon Energy Plc.