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IN BRIEF: San Leon Energy Postpones Investment In Nigerian Oil Field

Tue, 24th Nov 2020 06:57

San Leon Energy PLC - oil & gas exploration company focused on Nigeria - Extends proposed investment in oil exploration and development company Decklar Petroleum Ltd as well as the onshore conventional oil field Oza Field in Nigeria by three weeks. Says worldwide restrictions in place to slow the spread of Covid-19 have presented certain logistical challenges. Notes however that "good progress" has been made with the final drafts of all remaining conditions which precede the subscription agreement.

Current stock price: 22.70 pence

Year-to-date change: down 20%

By Greg Roxburgh; gregroxburgh@alliancenews.com

Copyright 2020 Alliance News Limited. All Rights Reserved.

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10 Jan 2019 12:03

Aminex Hires Ex-Grant Thornton Partner To Board, Appoints Joint Broker

LONDON (Alliance News) - Upstream oil and gas producer Aminex PLC said Thursday it has hired Linda Beal as a non-executive director, with immediate effect, and appointed GMP FirstEnergy as joint a

8 Jan 2019 14:26

San Leon Energy welcomes Eroton refinancing at OML 18

(Sharecast News) - Africa-focussed oil and gas development and appraisal company San Leon Energy updated the market on the OML 18 reserves-based lending (RBL) facility held by Eroton, the operator of OML 18, on Tuesday.

8 Jan 2019 11:16

San Leon Reports Refinancing Of OML 18 Reserves-Based Lending Facility

LONDON (Alliance News) - San Leon Energy PLC on Tuesday said an operator of its investee Nigerian onshore well OML 18, Eroton Exploration & Production Co Ltd, has refinanced the USD398 million

10 Dec 2018 11:26

San Leon Energy Expects To Start Drilling At OML 18 In Next Few Days

LONDON (Alliance News) - San Leon Energy PLC said Monday it expects drilling operations at the OML 18 licence, located in onshore Nigeria, to start in the next few days.San Leon said that a

10 Dec 2018 08:32

Rig ready to drill at San Leon's Akaso field

(Sharecast News) - Africa-focussed oil and gas development company San Leon Energy updated the market on the mobilisation of a rig to the Akaso field in the OML 18 licence, onshore Nigeria, on Monday.

2 Oct 2018 11:40

San Leon Energy Reports Retirement Of Chairman Raymond King

LONDON (Alliance News) - San Leon Energy PLC on Friday said Chairman Raymond King will not stand for re-election and will retire as a director of San Leon with immediate effect.The oil gas

1 Oct 2018 11:53

Midwestern Oil & Gas To Acquire 14% Stake In San Leon Energy (ALLISS)

LONDON (Alliance News) - Oil and gas company San Leon Energy PLC said on Monday that Midwestern Oil & Gas Co Ltd has agreed to acquire SunTrust Oil Co Nigeria Ltd's holding in San will 14%

25 Sep 2018 13:22

San Leon Energy Pitches Share Buyback Plan As Swings To Interim Profit

LONDON (Alliance News) - San Leon Energy PLC on Tuesday said it plans to launch a share buyback programme as it swung to profit in the first half of 2018.The stock was trading 7.1% higher a

20 Sep 2018 13:35

UPDATE: Providence Resources Inks Amended Barryore Farm-Out Pact

LONDON (Alliance News) - Providence Resources PLC said Thursday that its loss for the first half of the year narrowed as it reduced legal and administrative expenses.For the six months to a

3 Jul 2018 11:29

San Leon Energy Receives MLPL Loan Notes Owed For Second Quarter

LONDON (Alliance News) - San Leon Energy PLC said Monday Midwestern Leon Petroleum Ltd has paid its its dues related to loan notes due for the second quarter of 2018.Midwestern Leon paid on

29 Jun 2018 12:58

San Leon Energy Confident On Future As It Builds Cash Position

LONDON (Alliance News) - San Leon Energy PLC said Friday its cash position is now far stronger following the receipt of first proceeds from the OML 18 asset in Nigeria.For 2017, San Leon of

24 May 2018 18:12

San Leon Appoints Non-Executive Director, Comments On OML 18 Dispute

LONDON (Alliance News) - San Leon Energy PLC said on Thursday that it has appointed Genel Energy Chief Operating Officer Bill Higgs to its board as non-executive director with immediate is the COO

9 May 2018 15:56

San Leon Confirms Claim Made By SunTrust Oil Over Martwestern Stake

LONDON (Alliance News) - Oil and gas company San Leon Energy PLC said on Wednesday it has noted press reports concerning a claim by SunTrust Oil related to alleged payments due for the sale of its

23 Apr 2018 11:20

San Leon Shares Jump As It Ends Midwestern Deal Discussions

LONDON (Alliance News) - Shares in San Leon Energy PLC spiked Monday morning after it said it had notified Midwestern Oil & Gas it is not interested in a reverse takeover.San Leon were

3 Apr 2018 13:46

San Leon Energy Gets USD19.0 Million From Midwestern Leon (ALLISS)

LONDON (Alliance News) - San Leon Energy PLC said Tuesday it has received USD19.0 million from Midwestern Leon Petroleum Ltd, as part of a loan note payment all