San Leon Energy (SLE) “is pleased to announce that the Akaso-15 well (known as OSMU-1 prior to completion) has been drilled and completed, and connection of the well to the pipeline system is anticipated by Eroton to finish this week. The well is expected to be brought onto production during the first half of March”…
A tender offer announcement from San Leon Energy (SLE) – and the shares currently more than 17% higher, above 35p in response…
San Leon Energy (SLE) “is pleased to provide an update with regards to the OML 18 reserves-based lending facility held by Eroton Exploration and Production Company Limited, the operator of OML 18”…
With “all cash calls have been received for 2017 and are up-to-date for 2018”, San Leon Energy (SLE) now “is pleased to announce that it has been informed by Eroton that all of the 2015 NNPC cash call arrears have now been paid to Eroton and only approximately $20 million of arrears remain for 2016”. What does this mean?...
San Leon Energy (SLE) has announced that Midwestern Oil & Gas Limited has notified it that Midwestern has entered into a binding agreement with SunTrust Oil Company Nigeria Limited to acquire SunTrust's equity interest in San Leon, that is 14.29% of the company.
San Leon Energy (SLE) has announced results for the first half of 2018 and that net cash generation sees it progressing a strategy to deliver value to shareholders…
San Leon Energy (SLE) has announced results from the 2017 calendar year, “when the company faced significant challenges” – but emphasising it’s now able to focus further on yielding value from “a world-class asset with substantial reserves and a CPR target gross production rate of over 100,000 bopd” – (it’s indirect economic interest in) OML 18, onshore Nigeria…
San Leon Energy (SLE) has announced it has terminated discussions with Midwestern Oil & Gas and trading in its shares has recommenced on AIM - with it arguing “a number of positive developments across its business… Our financial position is much stronger than when discussions with Midwestern commenced”…
San Leon Energy (SLE) has reported on a number of “issues”, though with CEO Oisin Fanning arguing these “are not expected to affect, materially, the long-term field performance, whilst in the shorter term San Leon has a number of protections in place for receiving loan note repayments which are expected to be approximately $19 million per quarter” But does anyone believe Mr Fanning any more?…
With its shares having only returned from annoying suspension in September, San Leon Energy (SLE) is now at it again - the behaviour of this company is, even by the standards of the AIM Casino, sholckingly bad.
Despite a conditional takeover offer “of approximately 67-76 pence per share” currently remaining in-play, shares in San Leon Energy (SLE) remain depressed – at a current 25p offer – following recent newsflow.
San Leon (SLE) has updated on the suspension of its shares - something that has now lasted a week. We have been in constant communication with the company and are relaxed about the situation, not expecting it to last much longer.
