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 Energy
San Leon Energy has signed a deal with Decklar Petroleum to finance the development of the Oza marginal field, in Nigeria.
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 Energy’s Nigerian production held steady in 2019 as downtime and pipeline losses reduced exports.
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
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.
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 today confirmed it was approached about a possible takeover.
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 has confirmed a former boss at Shell Nigeria will join the company as a non-executive chairman.
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 said it has agreed to a further extension on the timelines required to complete its obligations under the Mart Resources Arrangement.
San Leon Energy has secured the funds from investors to complete the acquisition of Canadian-firm Mart Resources.
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 Energy will submit its payment for the acquisition of Canada's Mart Resources later than originally planned it confirmed today.
San Leon Energy has successfully spud its well in Poland’s southern Permian Basin.
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 Energy has spudded a new well in Poland as it continues it exploration focus in Europe and North Africa.
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 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 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”.
San Leon Energy has spudded the El Aaiun-4 well onshore in Morocco.
San Leon Energy is one step closer to leveraging its Moroccan stake.