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Fri 10 Oct 2009Ex-Smart chief's oil firm San Leon bids for rival

SAN LEON Energy, the gas and oil exploration company chaired by former Smart Telecom chief Oisín Fanning, has made an approach for Dublin-based exploration company Island Oil Gas.

In a statement, the company said that it had approached Island with a proposal for the “combination of the two companies with a view to building a strong Irish-based oil and gas exploration and development business”.

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