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Pin to quick picksSan Leon Share News (SLE)

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Share Price Information for San Leon (SLE)

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EARNINGS AND TRADING: Celebrus swings to profit; Aquila revenue flat

Mon, 27th Nov 2023 14:00

(Alliance News) - The following is a round-up of earnings and trading updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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Celebrus Technologies PLC - Middlesex, England-based data management platform, formerly known as D4t4 Solutions PLC - Says revenue in the six months to September 30 grew 60% to GBP13.0 million from GBP8.1 million the year before. Swings to pretax profit of GBP252,000 from a GBP1.1 million loss in the first half of financial 2023. Lifts interim dividend by 4.5% to 0.92 pence per share from 0.88p per share a year prior. Looking ahead, it says it is confident in achieving its full year market expectations of GBP32.1 million in revenue and GBP5.4 million in adjusted pretax profit. Chief Executive Officer Bill Bruno says: "Several key steps have been taken to further our strategy in the first half of the financial year. Not only have we delivered the expected results and continue to remain confident in our ability to meet market expectations for the full year, but we have continued to invest in Sales and Marketing and are seeing the positive effects in the form of building pipeline momentum... We continue to focus on driving ARR and our ability to build scalable, single-tenant, cloud-based environments for our Celebrus customers."

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Aquila Services Group PLC - London-based management consultancy services provider - Says revenue in the first half of its financial year ending March 31 is unchanged year-on-year at GBP5.9 million. Pretax profit drops 69% to GBP93,000 from GBP302,000 the year before. Interim dividend remains unchanged YoY at 0.25p per share. Looking ahead, notes a positive outlook for the second half of the year.

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Concurrent Technologies PLC - Essex, England-based designer and manufacturer of computer boards -

Expects to deliver full-year revenue ahead of market expectations of GBP27 million. Says revenue for the six months to December 31 is expected to be "substantially higher" than a year ago, due to the "strength of order intake over the preceding 24 months enabled by the significant investment in product development undertaken to facilitate new customers and design wins." CEO Miles Adcock says: "The performance of the team across the company has been exceptional throughout the year and, coupled with the continued easing of supply chains, we have seen revenue run rates almost double when compared to historical norms. Our success with design wins provides confidence that order intake moving forward will continue the current level of strong performance which will position us well to enjoy further growth through [2024] and beyond.

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San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company -

Says it has not received payment of up to USD187 million from Tri Ri Asset Management Corp. Says it continues to work with TRAM to "understand the reasons for the delay and to enable funds to be released." Previously confirmed that all conditions precedent to its investment have been satisfied, and requested draw down of the USD125.0 million convertible secured loan. Says that Tri Ri Asset has confirmed that payment has been made.

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Lexington Gold Ltd - Signs deal with Discovery Drilling for 2,000 metre drill programme at the Bothaville project in Witwatersrand Gold Basin, South Africa. Expects drilling to start in mid-December. Chair Ed Nealon says: "This initial drilling campaign is being undertaken on the very prospective Bothaville NE tenements located 70 km NE of the world-famous Welkom Goldfield. The target is the shallow A-Reef horizon which subcrops at a depth of only 250m. Previous drilling has indicated good grades for the A-Reef and at such a shallow depth this represents a viable target for the economic development of a Witwatersrand reef horizon. This is a very interesting start to Lexington's campaign seeking to discover a new and viable gold reef horizon in a region of obvious gold mineralisation."

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TruSpine Technologies PLC - London Gatwick Airport-based medical device company - Continues to be in talks with the US Food & Drug Administration over its 510(k) application for Cervi-LOK. Last month, the FDA confirmed it had completed the technical screening of TruSpine's 510(k) submission, which was submitted in late July, but sought further clarification on certain matters. The application was placed on technical screening hold "until such time the relevant information requested has been provided to the FDA", adding that the submission could remain on hold until March 25 next year. Cervi-LOK is a screw free spinal stabilisation system.

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By Sabrina Penty, Alliance News reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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11 Apr 2024 11:08

San Leon threatens action against Ocean Pearl in ELI acquisition spat

(Alliance News) - San Leon Energy PLC on Thursday said efforts had been made to thwart its acquisition of a controlling interest in Energy Link Infrastructure (Malta) Ltd, a move which it regarded as "both aggressive and vexatious in nature".

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3 Apr 2024 10:59

TRADING UPDATES: Quiz sales fall, names new CEO; Byotrol eyes AIM exit

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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11 Mar 2024 19:24

IN BRIEF: San Leon Energy closes in on new financing agreement

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Confirms receipt of acceptable commercial terms from two prospective funders which are in the final stages of negotiation. Hopes to sign full documentation with one of these funders in the relatively short-term.

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8 Jan 2024 13:51

San Leon Energy says no funds received yet from Tri Ri Asset

(Alliance News) - San Leon Energy PLC said it has not yet received funding from Tri Ri Asset Management Corp.

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1 Dec 2023 14:29

TRADING UPDATES: N4 launches investor hub; Capricorn production falls

(Alliance News) - The following is a round-up of trading updates by London-listed companies, issued on Wednesday, Thursday and Friday and not separately reported by Alliance News:

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2 Nov 2023 21:01

TRADING UPDATES: Troy Income suspends buyback of shares

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

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10 Oct 2023 12:39

San Leon Energy receives up to USD187 million investment from Tri Ri

(Alliance News) - San Leon Energy PLC on Tuesday hailed an investment it has received that will enable it to become a majority shareholder in Energy Link Infrastructure Malta Ltd, which San Leon said was part of its long-term strategy.

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9 Oct 2023 17:54

IN BRIEF: San Leon scraps existing Midwestern deal, mulls alternative

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Announces the termination of its proposed transactions with Midwestern Oil & Gas Co Ltd and the further conditional investments in Energy Link Infrastructure (Malta) Ltd. Notes these were initially announced on July 8, 2022. Remains in early-stage discussions with Midwestern regarding a revised transaction in relation to Midwestern Leon Petroleum Ltd and Midwestern's indirect shareholding in ELI.

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9 Oct 2023 13:31

IN BRIEF: San Leon Energy notes "very advanced" talks on loan facility

San Leon Energy PLC - Nigeria-focused oil and gas production, development and exploration company - Says it is in a "very advanced stage" relating to securing an alternative loan facility. It says that in order for to enable discussions to conclude, Toscafund Asset Management LLP provided San Leon with a redemption and release letter that includes a standstill provision. Toscafund agrees not to make any demand for repayment of the loan or enforce security before Friday. "The board of San Leon believes that a conclusion on an alternative loan facility will be reached in the very near term and will provide an update to shareholders and creditors at that time," San Leon says.

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2 Oct 2023 14:32

EARNINGS AND TRADING: Alternative Income REIT raises dividend

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Monday and not separately reported by Alliance News:

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8 Sep 2023 19:30

IN BRIEF: Beazley Director Robert Stuchbery buys GBP50,357 shares

Beazley PLC - insurance business operating in Europe, North America, Latin America and Asia - Director Robert Stuchbery buys 9,505 shares at 529.79 pence each worth GBP50,356.77.

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8 Sep 2023 19:30

IN BRIEF: San Leon in talks regarding new loan, extends existing loan

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Continues discussions with a third party in relation to securing an alternative loan facility of USD50.0 million, which once concluded is anticipated to be used towards, amongst other purposes: the repayment of the USD5 million loan taken out in August. Proceeds of the new loan would also be used to make further investments in ELI and satisfy outstanding obligations to its creditors. Given talks continue, the original loan has been extended to September 30.

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1 Sep 2023 18:29

IN BRIEF: San Leon Energy extends longstop date for two transactions

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces further extension to the longstop dates for the proposed transactions with Midwestern Oil & Gas Co Ltd and the company's further conditional investments in Energy Link Infrastructure (Malta) Ltd. All longstop dates have now been extended to September 30. In discussions with Midwestern on whether a potential revision to the transaction can be agreed to allow completion to occur whilst the new eroton debt facilities and the Sahara OML 18 acquisition continue to be delayed for reasons outside of the company's control. There can be no guarantee that any such revised terms will be agreed. Further, remains in talks with a third party in relation to securing an alternative loan facility of USD50.0 million. In addition, remains in talks with ELI regarding making further potential investments of up to USD37.0 million, in ELI, which would be conditional, on completing the alternative loan facility of USD50.0 million.

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8 Aug 2023 13:50

IN BRIEF: San Leon Energy invests in Energy Link Infrastructure

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces a further investment of USD5.0 million in Energy Link Infrastructure (Malta) Ltd, which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and gas field in Nigeria. The further investment in ELI is being funded by the company taking a USD5.0 million loan from funds managed by Toscafund Asset Management LLP.

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