NIGERIA: San Leon Provides Update on Refinancing & Proposed Transactions

Update on the refinancing discussions As announced by the San Leon on 20 December 2022, the Company was expecting to conclude a refinancing with a preferred alternative funding partner early … Read More

NIGERIA: OML 18 JV Partners Appoints NNPC Eighteen Operating Limited as Operator

The non operating joint venture partners of OML 18 have appointed NNPC Eighteen Operating limited as operator replacing Eroton Exploration and Production Limited. According to a statement from the NNPC … Read More

NIGERIA: Eroton Remains the Operator of OML 18 – San Leon

San Leon has denied recent speculation in the Nigerian press about the operation of the Oil Mining License (OML) 18.  The Company has been made aware of an article published … Read More

NIGERIA: San Leon Energy Provides Update on the Proposed Transactions with Midwestern

Further to the announcement made on 1 December 2022, the MLPL Reorganisation Agreement‘s deadline for the satisfaction of the condition relating to the New Eroton Debt Facilities being entered into, which had already previously been extended to 31 December 2022, … Read More

NIGERIA: San Leon Reports Proposed Midwestern Reorganisation & Proposed Further ELI Investments

Highlights Series of transformational conditional transactions entered into by San Leon today to increase its exposure to OML 18 and the related infrastructure.   ·    Completion of the Proposed Transactions will consolidate … Read More

NIGERIA: Eroton Exploration and Production Company Proposes Acquisition of an Additional Stake in OML 18

Eroton Exploration and Production Company Limited has signed a non-binding term sheet with Africa Import Export Bank (Afrexim) for a prospective US$750,000,000 senior secured reserve-based lending facility. The purpose of … Read More