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 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

San Leon Conditionally Acquires Further Interest & Option in New Nigerian Oil Export System

San Leon has announced a conditional investment of US$2 million as well as an option to conditionally invest a further US$6.5 million in the equity of Energy Link Infrastructure (Malta) … Read More

NIGERIA: San Leon Energy Provides Update on Investment in Oza Field

San Leon has provided an update on the funding arrangements by Decklar Petroleum Limited to develop the Oza Oil Field in Nigeria.  When fully disbursed, the funding is expected to … Read More