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Pin to quick picksSan Leon Share News (SLE)

  • This share is currently suspended. It was suspended at a price of 16.14

Share Price Information for San Leon (SLE)

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Share Price: 16.14
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AIM WINNERS & LOSERS: Aptamer soars on Alzheimer's test success

Wed, 14th Jun 2023 09:50

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.

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AIM - WINNERS

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Aptamer Group PLC, more than doubles to 25.03 pence, 12-month range 8.00p-100.00p. The biotechnology firm reports success in the development of Optimer binders to enable a lateral flow test for the early diagnosis of Alzheimer's disease. "We are pleased to be able to support the team at Neuro-Bio with the development of Optimer binders to enable their revolutionary diagnostic for Alzheimer's disease. Optimer binders have proven performance in lateral flow test formats and our success in delivering functional Optimer binders to Neuro-Bio's biomarker facilitates further diagnostic development," says Interim Chief Executive Rob Quinn. Last month, Arron Tolley left as chief executive with immediate effect, with Quinn - who had been chief financial officer - taking over as interim CEO.

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Barkby Group PLC, up 40% to 5.24 pence, 12-month range 3.20p-12.00p. The investment firm says its subsidiary, Cambridge Sleep Sciences, has signed a new partnership and license agreement with Bowers & Wilkins, part of the consumer audio division of medical technology firm Masimo. The agreement enables SleepEngine technology, developed by CSS, to be delivered through Bowers & Wilkins Audio's products. Masimo Consumer Audio will be responsible for marketing and distributing SleepEngine. CSS and Bowers & Wilkins will share the revenue generated from the new service.

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AIM - LOSERS

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GCM Resources PLC, down 29% at 3.00 pence, 12-month range 2.45p-7.88p. The Bangladesh-focused resource exploration and development company raises GBP500,000 through a placing, and says it will need to carry out an additional fundraise before the end of the year. The firm places 20.0 million shares at 2.5 pence each. This represents a 41% discount to the closing price of 4.25p on Tuesday. GCM says the net proceeds of the placing are for "general working capital purposes." Looking ahead, GCM says it will need to carry out an additional fundraise before the end of 2023 to fund its working capital into 2024.

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San Leon Energy PLC, down 30% at 15.69 pence, 12-month range 15.56p-57.78p. The Nigeria-focused oil and gas producer updates on its proposed refinancing and its current financial situation. Says it is continuing discussions relating to an alternative USD50 million loan facility to be used for conditional investments in Energy Link Infrastructure (Malta) Ltd and to support the company's working capital requirements. Notes that the proposed refinancing has not progressed as fast as expected. Adds that though the discussions are at a "very advanced stage" it has not yet been able to access the funding from such an alternative loan facility. Consequently, San Leon has received "very limited" cash inflows. The company currently has approximately USD10.5 million of unpaid creditors, including directors, employees, professional advisers and tax authorities. Reassures that it is confident that following the proposed refinancing being successfully concluded, all creditors will be settled in full shortly afterwards.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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San Leon Energy says Oza production up, in discussions to sell assets

(Alliance News) - San Leon Energy PLC on Friday said production on the Oza oil field in Nigeria was up, while it remains in advanced discussions to sell its "non-core" investments in Decklar Petroleum Ltd.

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IN BRIEF: San Leon notes Decklar's crude oil deal with Edo Refinery

San Leon Energy PLC - oil and gas production, development and exploration in Nigeria - Reports that it is still in"advanced negotiations" for the proposed sale of its non-core investments in DPL. Says that Decklar Resources and its co-venturer Millenium Oil & Gas Co Ltd entered a deal for the delivery of 30,000 barrels of crude oil to the Edo Refinery & Petrochemicals Co Ltd in Edo State, Nigeria. Adds it signed a deal for the delivery of an additional 30,000 bbls of crude oil to a small crude oil refinery in Edo State, following the "successful" delivery of 10,000 bbls.

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23 Dec 2022 14:31

REPEAT: San Leon's DPL seals oil delivery; in talks to sell DPL shares

(Alliance News) - San Leon Energy PLC on Friday said Declar Petroleum Ltd, which it owns 11% of, has completed a 10,000 barrel crude oil delivery.

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23 Dec 2022 14:30

San Leon says DPL completes oil delivery; in talks to sell DPL shares

(Alliance News) - San Leon Energy PLC on Friday said Declar Petroleum Ltd, which it owns 11% of, has completed a 10,000 barrel crude oil delivery.

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IN BRIEF: San Leon says shareholding Decklar starts loading crude oil

San Leon Energy PLC - oil and gas production, development and exploration in Nigeria - Says Decklar Petroleum Ltd, in which it has an 11% shareholding and to which it has made a USD5.5 million loan, has obtained permits and started loading of crude oil onto trucks at Oza oil field in Nigeria. The crude will be trucked to a processing and sales terminal in Nigeria with which Decklar has entered into an agreement.

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IN BRIEF: San Leon Energy notes delivery by Decklar Petroleum

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San Leon sees deadline extension ahead of Midwestern merger

(Alliance News) - San Leon Energy PLC on Thursday said that a deadline for a new debt facility has been extended, ahead of its proposed merger with Midwestern Oil & Gas Co Ltd.

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Copyright 2022 Alliance News Limited. All Rights Reserved.

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TRADING UPDATES: Angle hails study find; Eqtec buys plant in France

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11 Jul 2022 14:31

IN BRIEF: San Leon Energy's share suspension lifted

San Leon Energy PLC - Dublin-based oil & gas exploration company - Temporary suspension from trading on AIM is lifted, following admission document being published after the market close on Friday.

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