Further to press speculation, San Leon Energy has told DirectorsTalk that it has received equity placing orders in excess of US$200 million at 45 pence per share to complete the acquisition of an indirect interest in OML 18, a Nigerian Oil and Gas producing field. The Company also confirms that Mr Mutiu Sunmonu, former Managing Director of the Shell Petroleum Development Company of Nigeria Limited, is expected to be appointed as Non-Executive Chairman of San Leon with Oisin Fanning, assuming the role of Chief Executive Officer. The Company anticipates full details of the Transaction together with publication of an AIM admission document will be published shortly.
San Leon Energy stays suspended
7th July 2017
San Leon hereby provides an update on the publication of its accounts for the year ended 31 December 2016. The Company announced on 3 July 2017 that it had not been able to publish the Accounts
