San Leon deal paves the way for a “simpler story”, CEO says
“OML 18 will only contribute about 30% of the exports. So many people have signed up and want to sign up – we’re going to reach full capacity very quickly,” Fanning said.
Oisin Fanning
San Leon’s Fanning sets out the OML 18 plan
Things are looking up for San Leon Energy (LON: SLE), with the company closing in on the completion of its Nigeria deal and managing to avoid the termination of its listing on London’s AIM.
San Leon eyes final straight in closing Nigeria deal
San Leon Energy has been working on a Nigerian transaction, and as a result its shares suspended, for so long that it faces the prospect of its listing on London’s AIM being cancelled.
San Leon celebrates dividends, eyes pipeline losses
San Leon Energy continued its theme of paying out dividends, while projecting better times ahead as pipeline losses are expected to fall dramatically.
San Leon strikes Decklar financing deal
San Leon Energy has signed a deal with Decklar Petroleum to finance the development of the Oza marginal field, in Nigeria.
San Leon takes export link stake
Nigeria-focused San Leon Energy will stump up $15 million as a loan to secure the completion of the Alternative Crude Oil Evacuation System (ACOES), for exports from its OML 18.
San Leon feels export pressure in Nigeria
San Leon Energy’s Nigerian production held steady in 2019 as downtime and pipeline losses reduced exports.
San Leon sees OML 18 cash roll in
San Leon Energy has received $40 million under its loan notes agreement in Nigeria, while changing the terms of its lending.
Amid NCTL chaos, OML 18 progresses alternative export route
San Leon Energy expects its new export route in Nigeria to be commissioned in May, following a week where force majeure was declared on its current shared pipeline.