- San Leon extends loan waiver repayment again
- San Leon Energy’s Oisin Fanning discusses US$15mln investment in Energy Link Infrastructure
Quick facts: San Leon Energy PLC
San Leon has transitioned from a largely exploration focussed independent to a producing energy company.
It has indirect participation in OML18, a world-class oil and gas block onshore Nigeria, which forms the centrepiece of the company’s portfolio. San Leon also has interests across a number of other assets.
The company is driven by technical expertise, its operational capabilities and industry contacts, and it is secured by close links with governments, partners and the local communities in the territories that it operates in.
02 Nov 2021
San Leon Energy PLC (AIM:SLE, AQSE:SLE, OTC:SLGYF), the independent oil and gas company, has granted a further extension to the conditional payment waiver on some loan notes.
As previously announced by San Leon, during the course of this year San Leon was due to receive the final repayments from Midwestern Leon Petroleum Limited (MLPL) of the loan notes which total over US$98 million. The repayments had been due in three equal instalments, commencing in July 2021 and completing by December 2021.
On 7 July 2021, San Leon agreed with MLPL, Midwestern Oil and Gas (which has a stake in MLPL) and Martwestern (in which MLPL has a 100% equity investment) to a conditional payment waiver in respect of the repayment of about US$32 million of MLPL’s loan notes and interest that fell due on 5 July.
The waiver has been extended until the end of this month.
21 Oct 2021
(, , ) noted that associate Decklar Resources has begun operations to complete the Oza-1 well re-entry, in Nigeria, and the programme is due to be finished in 7 to 10 days.
It will see the well initially configured for production from the L2.6 zone, which tested at rates up to 2,463 bopd as previously announced.
01 Oct 2021
The company, which has an investment agreement with Decklar, noted that the Oza-1 well re-entry programme has now seen initial gas flows of 10.3mln cubic feet and 1,361 barrels of oil per day.
03 Aug 2020
San Leon Energy PLC‘s (LON:SLE) CEO Oisin Fanning speaks to Proactive London after announcing it’s investing US$15mln in Energy Link Infrastructure, the company which owns the Alternative Crude Oil Evacuation System project. The ACOES is being constructed to provide a dedicated oil export route from the OML 18 asset offshore Nigeria, comprising a new pipeline and a floating storage and offloading vessel.
20 Apr 2021
San Leon Energy PLC‘s (LON:SLE) 2016 acquisition of an interest in OML 18 in Nigeria is starting to generate value for shareholders and provides not only a strong presence in a highly prospective region but also the liquidity with which it can execute a growth strategy optimised in its favour. We have undertaken a sum of the parts (SOP) valuation, which we have “sense checked” against Proactive’s valuation estimates for the principal assets. We estimate the fair value to be between US$459 — 743mln (76 — 121p a share).
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1 week, 5 days ago
Proactive analyst Zac Phillips presents this analysis on San Leon Energy PLC’s (LON:SLE). Phillips explains how the 2016 acquisition of an interest in OML 18 in Nigeria is starting to generate value for shareholders and provides not only a strong presence in a highly prospective region but also…
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