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Thu, 19th Nov 2015 11:10
LONDON (Alliance News) - San Leon Energy PLC on Thursday said it has spud the Rawicz-15 well in the southern Permian Basin in Poland.
The oil and gas company said the well is expected to take 35 days to reach total depth, which will be followed by full completion and a well testing programme.
San Leon shares were down 1.1% to 46.00 pence on Thursday.
By Sam Unsted; samunsted@alliancenews.com; @SamUAtAlliance
Copyright 2015 Alliance News Limited. All Rights Reserved.
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.
Read moreSan 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.
Read more(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(Alliance News) - The following is a round-up of updates by London-listed companies, issued Monday and not separately reported by Alliance News:
Read more(Alliance News) - San Leon Energy PLC on Wednesday said it is "optimistic" about ongoing refinancing discussions and the potential sale of a Nigerian oil field, and is "confident" that it still can repay all creditors once refinancing concludes.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Wednesday.
Read more(Alliance News) - San Leon Energy PLC on Tuesday noted a production update by Decklar Resources Inc, as San Leon continues to pursue a potential sale of its non-core investment in Decklar's Nigerian arm.
Read more(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(Alliance News) - San Leon Energy PLC on Friday said discussions regarding its refinancing have advanced "much slower than anticipated" since its statement in December that it was expecting to conclude the refinancing early in 2023.
Read more(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:
Read more(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Wednesday and Tuesday not separately reported by Alliance News:
Read more(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(Alliance News) - San Leon Energy PLC on Monday said it noted a recent article in the Nigerian press about the operation of the Oil Mining Licence 18, denying that Nigerian National Petroleum Co Ltd has taken over operations.
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