San Leon Energy PLC Update on investment in the Oza field, Nigeria (9299Q)
July 01 2022 - 2:00AM
UK Regulatory
TIDMSLE
RNS Number : 9299Q
San Leon Energy PLC
01 July 2022
1 July 2022
San Leon Energy plc
("San Leon" or the "Company")
Update on investment in the Oza field, Nigeria
Further to the Company's announcement on 3 May 2022, San Leon,
the independent oil and gas production, development and exploration
company focused on Nigeria, provides the following update in
respect of its potential follow-on investment in the Oza oil field
in Nigeria ("Oza").
San Leon's announcement of 3 May 2022 noted that the Company had
an option until 30 June 2022 (the "Option Period") to provide a
further loan of US$2.5 million to Decklar Resources Limited
("Decklar"), in order to increase its shareholding in Decklar from
11% to 15% (or otherwise accept the pro rata reduction in its
shareholding in Decklar to 11%).
San Leon is in discussions with Decklar in respect of
potentially extending the Option Period. The Company will release
further announcements as and when appropriate.
Enquiries:
San Leon Energy plc +353 1291 6292
Oisin Fanning, Chief Executive
Julian Tedder, Chief Financial Officer
Allenby Capital Limited
(Nominated adviser and joint broker to the Company) +44 20 3328 5656
Nick Naylor
Alex Brearley
Vivek Bhardwaj
Panmure Gordon & Co
(Joint broker to the Company) +44 20 7886 2500
Nick Lovering
James Sinclair-Ford
Tavistock
(Financial Public Relations) +44 20 7920 3150
Nick Elwes
Simon Hudson
Plunkett Public Relations +353 1 230 3781
Sharon Plunkett
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