San Leon’s Eroton out as operator after NNPC move
Some of these probes may result in the licence being revoked “if drastic steps are not taken by non-operating partners”.
San Leon Energy
San Leon denies NNPC, Sahara move on OML 18
It did though note that “armed and unknown men” had forcibly evicted Eroton staff from the Alakiri gas plant on February 24. These men claimed to represent OML 18 Energy Resource, a subsidiary of Sahara Group.
San Leon’s Fanning sets out the OML 18 plan
Things are looking up for San Leon Energy (LON: SLE), with the company closing in on the completion of its Nigeria deal and managing to avoid the termination of its listing on London’s AIM.
San Leon eyes final straight in closing Nigeria deal
San Leon Energy has been working on a Nigerian transaction, and as a result its shares suspended, for so long that it faces the prospect of its listing on London’s AIM being cancelled.
San Leon celebrates dividends, eyes pipeline losses
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
San Leon strikes Decklar financing deal
San Leon Energy has signed a deal with Decklar Petroleum to finance the development of the Oza marginal field, in Nigeria.
San Leon takes export link stake
Nigeria-focused San Leon Energy will stump up $15 million as a loan to secure the completion of the Alternative Crude Oil Evacuation System (ACOES), for exports from its OML 18.
San Leon feels export pressure in Nigeria
San Leon Energy’s Nigerian production held steady in 2019 as downtime and pipeline losses reduced exports.
San Leon sees OML 18 cash roll in
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
Amid NCTL chaos, OML 18 progresses alternative export route
San Leon Energy expects its new export route in Nigeria to be commissioned in May, following a week where force majeure was declared on its current shared pipeline.
China Great Union Petroleum drop offer for San Leon
A deal to acquire interest in San Leon Energy will no longer proceed from China Great Union Petroleum (CGUP) both companies have confirmed.
San Leon Energy confirms takeover approach
San Leon Energy today confirmed it was approached about a possible takeover.
San Leon completes sale of Polish onshore assets
San Leon Energy has completed its sales agreements for its interests in two Polish onshore assets in the Permian Basin to Palomar Natural Resources.
San Leon recruits former Shell Nigeria boss, receives $200m equity placing
San Leon has confirmed a former boss at Shell Nigeria will join the company as a non-executive chairman.
San Leon looks to raise $200million for “transformational” Nigerian asset
San Leon Energy is aiming to raise at least $200million through a share placing priced at a significant premium in order to fund the acquisition of an indirect interest in a producing oilfield in Nigeria.
San Leon Energy agrees to further extension for Mart Arrangement
San Leon Energy said it has agreed to a further extension on the timelines required to complete its obligations under the Mart Resources Arrangement.
San Leon secures funding for Mart acquisition
San Leon Energy has secured the funds from investors to complete the acquisition of Canadian-firm Mart Resources.
San Leon plans to fight “specious” £15.5million liability claim
San Leon Energy said an allegation it is responsible for one of its subsidiary's £15.5 million liability is "specious" and said it plans to defend the claim "vigorously" despite losing an appeal earlier this week.
San Leon delays payment of Mart deal for seven days
San Leon Energy will submit its payment for the acquisition of Canada's Mart Resources later than originally planned it confirmed today.
San Leon successfully spuds well in Permian Basin
San Leon Energy has successfully spud its well in Poland’s southern Permian Basin.
San Leon lines up seismic deal with Northbridge
San Leon Energy's seismic subsidiary NovaSeis has signed a memorandum of understanding with Nigeria's Northbridge Energy to provide seismic acquisition and interpretation services.
San Leon spuds in Poland
San Leon Energy has spudded a new well in Poland as it continues it exploration focus in Europe and North Africa.
San Leon to spud Poland development well next month
San Leon Energy said the Rawicz-15 development well in Poland will be spud next month. The development well is in the country’s southern Permian Basin and in addition to providing a second well, it is also hoped it will provide further data on the sandstone reservoir.
San Leon makes gas discovery in Morocco
San Leon Energy said it had made a new gas discovery onshore Morocco but gave no further details of a takeover bid made last month. The company said the Laayoune-4 well on the Tarfaya conventional licence had been drilled and suspended with gas shows. San Leon has completed £29million of fundraising through the placing of ordinary shares together with a share capital reorganisation.
San Leon Energy confirms speculation of approach
San Leon Energy has confirmed speculation of a possible takeover. The Irish oil and gas company was forced to make a statement after Irish press reported the firm was “being targeted for a takeover”.