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San Leon loses appeal over Siekierki award

San Leon lodged an objection to the £13mln award to the UK Commercial Court in October.
San Leon loses appeal over Siekierki award
San Leon is conferring with counsel on its options.

San Leon Energy (LON:SLE) has lost its appeal in its dispute with Avobone over assets in Poland.

In May last year, the International Chamber of Commerce ruled San Leon subsidiary Aurelian had to pay £13mln to Avobone, its former partner, related to the prospect at Siekierki.

Aurelian lodged an appeal against the ICC findings to the UK Commercial Court in October.

The findings of the court were that Aurelian's leave to appeal was dismissed. 

Accordingly, the original award stands. San Leon is conferring with counsel on its options.

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