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Nigeria, notes the announcement made today by Decklar Resources Inc. ( Decklar Resources ) in Canada.   San Leon has entered into a conditional subscription agreement with Decklar Petroleum Limited ( Decklar Petroleum ), the local subsidiary of Decklar Resources, which entitles San Leon to purchase US$7,500,000 of 10% unsecured subordinated loan notes of Decklar Petroleum and 15% of the enlarged share capital of Decklar Petroleum. In addition, Decklar Petroleum and San Leon have entered into an option agreement which, at San Leon s sole discretion, entitles San Leon to purchase an additional US$7,500,000 of loan notes and further Decklar Petroleum shares representing an additional 15% of the enlarged share capital of Decklar Petroleum.  Further details of these conditional investment agreements can be found in the Company s announcement of

Nick naylorNick loveringSimon hudsonSharon plunkettVivek bhardwajNick elwesOliver stansfieldAlex brearleyJonathan evansCanada decklar resources incPanmure gordon coDecklar petroleumBrandon hill capitalOza oil fieldAllenby capitalSan leon energy