2009-03-26-2009-02-17

To acquire company with 480 acres in Hettinger Co, ND., 50% of Poland Block 106 in Czarne gas field.

San Leon Energy Plc, London, (London: SLE) plans to acquire Gold Point Energy Corp., Vancouver, (Toronto Venture: GPE) for US$1.5 million. Gold Point has assets in Poland and the U.S. The U.S. assets consist of 480 acres in Hettinger County, North Dakota. The Polish assets consist of 50% of Block 106 operated by Gas Plus targeting Czarne gas field. Production on the field was tested at 10.1 million cubic feet of gas per day. San Leon chief executive Phil Thompson says, "We are very pleased with this success. It is in keeping with our overall strategy to develop a balanced portfolio of exploitable assets that provide value to our shareholders. With the clear need for Poland to develop domestic energy resources, we are confident that there is a terrific opportunity to deliver significant value."