Oil and gas development and appraisal firm San Leon Energy announced on Thursday that it has appointed Bill Higgs as non-executive director of the company with immediate effect.
Oil and gas development and appraisal company San Leon Energy updated the market on its operations on Wednesday, related to its initial indirect 9.72% interest in the OML 18 project, onshore Nigeria.
Africa and Europe-focussed oil and gas development and appraisal company San Leon has informed the Ministry of Environment in Poland of its intention to relinquish its interest in its remaining Baltic Basin shale gas concessions at Gdansk West and Szczawno, onshore Poland.
San Leon Energy's shares sagged more than 5% on stating the second payment due to Avobone Poland BV has not yet been made.
Africa and Europe-focussed oil and gas developer and appraiser San Leon Energy announced on Wednesday that the Office National des Hydrocarbures et des Mines in Morocco had written to the company regarding the non-performance of the work programme on its Zag Licence, onshore Morocco.
Shares in San Leon Energy soared on Monday as the oil and gas explorer confirmed that it has been approached by a potential buyer.
San Leon Energy, the AIM-listed company focused on oil and gas development and appraisal in Africa and Europe, said it had signed and completed sales agreements for its interests in two Polish onshore assets, principally the Rawicz and Siekierki fields in the Permian Basin, to Palomar Natural Resources.
Sell shares in San Leon Energy, was the verdict in the Sunday Times' Inside the City column. Tuesday's shareholder vote will determine whether to complete a £170.3m fundraising that has already been conditionally agreed with backers at a price of 45p a share to buy a stake in the OML 18 Nigerian onshore oil and gas producing asset. Since listing in 2008, executive chairman Oisin Fanning has accumulated a scattered portfolio of projects for San Leon its native Ireland and Albania, Morocco, Poland and Spain.
San Leon Energy has raised about £170.3m, with net proceeds going to complete the OML 18 production agreement. OML 18 is a world-class Nigerian onshore oil and gas asset.
Oil and gas exploration firm San Leon Energy was one step closer to production at a Polish site on Thursday, announcing the completion of well testing at the Rawicz-15 well.
San Leon Energy secured a fourth extension on its takeover of Mart Resources on Wednesday, citing administrative hold-ups as the reason behind the delays.
AIM-listed San Leon Energy said it had lost an appeal against the International Court of Arbitration over the purchase of a stake in Poland's Energia Zachod by its Aurelian Oil & Gas unit.
Irish oil and gas company San Leon Energy said discussions with an unnamed buyer have been terminated.
Shares in San Leon Energy surged over 15% early on Monday, after the oil and gas explorer confirmed speculation over a potential takeover.
Oil and gas group San Leon Energy has confirmed it will scale down its operations in Poland, in a bid to reduce its exposure to exploration assets.
Shares in San Leon Energy plunged over 11% on Tuesday, after the oil and gas producer said it would appeal against the decision of the International Court of Arbitration in relation to a dispute with Avobone over the Siekierki asset.
After numerous false starts and lack of delivery, oil exploration group San Leon Energy has claimed it may have found its first commercial gas discovery.
Shares in San Leon and Genel Energy took a hit on Thursday after the groups reported that the M-1 well on the Sidi Moussa permit offshore Morocco was to be plugged and abandoned.
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating.
A well off the coast of Morocco has struck oil, partners Genel Energy, San Leon Energy and Serica Energy said.