Midwestern Leon Petroleum Limited entered into a heads of terms to acquire San Leon Energy plc (AIM:SLE) in a reverse merger on July 12, 2021. The transaction is subject to due diligence, agreement of final contracts, Nigerian regulatory approvals and the approval of San Leon's shareholders. As per update on December 24, 2021, San Leon Energy plc expects to to publish an AIM admission document related to the transaction by the end of February 2022. Nick Naylor and Alex Brearley of Allenby Capital Limited acted as a financial advisor and broker, Nick Lovering of Panmure Gordon & Co acted as a broker, Oliver Stansfield and Jonathan Evans of Brandon Hill Capital Limited acted as a broker to San Leon Energy.