focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

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)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 16.14
Bid: 0.00
Ask: 0.00
Change: 0.00 (0.00%)
Spread: 0.00 (0.00%)
Open: 0.00
High: 0.00
Low: 0.00
Prev. Close: 16.14
SLE Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

San Leon Energy sells stake in Polish assets

Fri, 18th Nov 2016 08:29

(ShareCast News) - San Leon Energy, the AIM-listed company focused on oil and gas development and appraisal in Africa and Europe, said it had signed and completed sales agreements for its interests in two Polish onshore assets, principally the Rawicz and Siekierki fields in the Permian Basin, to Palomar Natural Resources.San Leon has sold its 35% interest in the Rawicz gas field $9m in cash and the release of certain San Leon liabilities, including loans which were advanced by Palomar to the Company as a temporary carry of the drilling and testing costs of the Rawicz-12 and Rawicz-15 wells, and amount to approximately $3m.The company sold its 35% stake in the Poznan assets (largely the Siekierki field) for €1 plus a 10% net profit interest (NPI) in the Poznan assets.The NPI removes any further cost exposure to San Leon, while providing an interest in any future profits made by Palomar on the Poznan assets, the company said. The first $2.2m will be payable on closing, and the next $2.3m by 30 November 2016 and the remaining $4.5m is due to paid to San Leon on or before 01 October 2017. An interest charge of LIBOR plus 5% will be applied to any sum not paid by February 1 2017. The current book value of the assets being disposed of is approximately €12.1m, San Leon said. The losses attributable to the assets in the last financial year were €0. Chief executive Oisin Fanning said the sale of the Polish assets was a "natural further step in focusing the company's financial and management resources on the world-class OML 18 asset in Nigeria, as per the company's stated strategy"."The sale price achieved is very similar to the carrying value of those assets in the latest audited financial statement, after the liabilities release is applied, and is considered by the board to be full and fair," he said."It also reduces overheads costs through a downsizing of the Polish office, and no further licence fees or overheads on the assets sold."Shares in San Leon were down 0.7% to 44p at 1054 GMT.
More News
3 Jan 2023 17:17

TRADING UPDATES: MGC cuts costs; Ince gets Arden sale green light

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

Read more
29 Dec 2022 21:38

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.

Read more
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.

Read more
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.

Read more
2 Dec 2022 19:33

TRADING UPDATES: Time Out eyes Riyadh; MTI Wireless wins deal

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

Read more
28 Oct 2022 11:25

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.

Read more
4 Oct 2022 19:58

EARNINGS SUMMARY: Aura Energy, nanosynth loss widens; MiLOC revenue up

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

Read more
20 Sep 2022 21:47

IN BRIEF: San Leon Energy notes delivery by Decklar Petroleum

San Leon Energy PLC - Dublin-based oil & gas exploration company - Notes announcement by Decklar Petroleum Ltd that it has delivered 7,800 barrels of crude oil to the Forcados crude oil export terminal. The 7,800 bbls are ready for export pending the completion of "certain repairs" to the offshore loading system. Notes that an additional 30,000 bbls has been produced from the Oza Oil Field and are currently being stored in tanks at the Oza-1 wellsite in Nigeria.

Read more
2 Sep 2022 14:15

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.

Read more
29 Jul 2022 16:07

UK shareholder meetings calendar - next 7 days

Monday 1 August 
Cranswick PLCAGM
Tuesday 2 August 
Caffyns PLCAGM
Syncona LtdAGM
Tanfield Group PLCAGM
Wednesday 3 August 
Block Energy PLCAGM
Molten Ventures PLCAGM
Cambium Global Timberland LtdGM re wind-up
John Wood Group PLCGM re Built Environment sale
Sequoia Economic Infrastructure Income Fund LtdAGM
Edenville Energy PLCAGM
RiverFort Global Opportunities PLCAGM
Conduity Capital PLCAGM
Scirocco Energy PLCAGM
D4t4 Solutions PLCAGM
Thursday 4 August 
Glantus Holdings PLCAGM
Investec PLC and LtdAGM
STM Group PLCAGM
Starcrest Education LtdAGM
Friday 5 August 
JPMorgan Global Core Real Assets LtdAGM
San Leon Energy PLCEGM
San Leon Energy PLCGM
Trian Investors 1 LtdEGM re removal of three current directors
Trian Investors 1 LtdAGM
Verditek PLCAGM
  
Copyright 2022 Alliance News Limited. All Rights Reserved.

Read more
25 Jul 2022 19:40

TRADING UPDATES: SSE issues green bond; Bank of Cyprus staff exits

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

Read more
20 Jul 2022 20:50

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

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

Read more
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.

Read more
8 Jul 2022 13:11

IN BRIEF: San Leon Energy swings to profit in 2021, proposes merger

San Leon Energy PLC - Dublin-based oil & gas exploration company - Records revenue of USD5.7 million in 2021, from none the year before. Swings to a pretax profit of GBP41.5 million from a loss at GBP9.6 million. Profit stems from GBP14.5 million gain from investments and netting GBP16.6 million from the sale of subsidiaries. Expects tailwinds from the recovery of the oil price during 2021 and into 2022.

Read more
1 Jul 2022 20:05

TRADING UPDATES: Capital wins contracts; 4D pharma pauses enrolment

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

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.