Travers Smith partner Spencer Summerfield and senior corporate associate Mohammed Senouci have advised San Leon Energy plc on its successful recommended all share merger with AIM quoted Aurelian Oil & Gas plc. The merger was implemented by way of scheme of arrangement with completion occurring on 25 January 2013.

The wider Travers Smith team included head of employee incentives Mahesh Varia, tax partner Simon Yates and employment partner Ed Mills.

San Leon Energy plc is a specialist oil and gas company which manages substantial oil and gas projects in Poland, Albania, Morocco, Spain, Ireland, France, Italy and Germany. Its focus is currently on Polish unconventional oil and gas reserves, Albania, Morocco and Ireland and the company is one of the leading shale gas companies by acreage. On announcement of the transaction on 12 November 2012, the merger represented a premium, for Aurelian shareholders, of approximately 24 per cent. over the average price of Aurelian shares in the one month period prior to that date.

The boards of San Leon and Aurelian believe that the combined group has the potential to become a leading exploration and production company across Europe and North Africa and the merger will make the combined group the largest foreign acreage holder in Poland.

Fox-Davies Capital Limited acted as financial adviser to San Leon Energy plc and financial advice was provided to Aurelian Oil & Gas plc by Greenhill & Co. International LLP.

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