San Leon Energy raises up to £170.3m, to complete OML 18 production deal
26th Aug 2016 12:12
(ShareCast News) - 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. The placing was of about 378.4m shares at premium 45p each. Net proceeds were being used to complete the OML
Read moreRawicz-15 well test complete, says San Leon Energy
7th Apr 2016 13:42
(ShareCast News) - 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. The AIM-traded company said the Rawicz-15 development well on the 286 square mile Rawicz concession in Pola
Read moreSan Leon secures fourth extension on Mart deal
9th Mar 2016 15:54
(ShareCast News) - 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. The AIM-traded company had initially announced its intention to acquire Mart Resources on 22 January, as well as an additional
Read moreSan Leon Energy loses arbitration case appeal
16th Feb 2016 12:18
(ShareCast News) - 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. Aurelian appealed the ICC findings to the UK Commercial Court in October 2015. The findings
Read moreSan Leon Energy offer talks terminated
21st Jan 2016 14:10
(ShareCast News) - Irish oil and gas company San Leon Energy said discussions with an unnamed buyer have been terminated. The company announced in August that it had received an approach from a possible bidder that may or may not lead to an offer. However, San Leon said on Thursday that the interes
Read moreSan Leon Energy surges after confirming takeover approach
24th Aug 2015 08:41
(ShareCast News) - Shares in San Leon Energy surged over 15% early on Monday, after the oil and gas explorer confirmed speculation over a potential takeover. On Sunday, Irish newspaper the Daily Business Post reported the London-listed group was "being targeted for takeover". The company confirmed
Read moreSan Leon Energy reduces operations in Poland
21st Jul 2015 09:38
(ShareCast News) - 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. The company said it will relinquish four licences in the country - covering the Czersk, Budzów, Ilawa, and Praszka sites - while it w
Read moreSan Leon Energy plunges over £13m settlement with Avobone
26th May 2015 11:10
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. On 23 May, the ICA ordered the Ireland-based group to pay £13m to
Read moreSan Leon Energy unveils first commercially viable gas find
25th Feb 2015 08:13
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. San Leon has unveiled test results that it believes show the Rawicz-12 appraisal well, located in south-western Poland, will be commercial in scal
Read moreSan Leon and Genel Energy decline after Sidi Moussa result
13th Nov 2014 11:49
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. The well failed to produce product oil at sustainable rates, which it said was potentially the result of reservoir damage
Read moreThursday broker round-up.-Update
13th Nov 2014 10:21
AstraZeneca: JP Morgan raises target price from 3700p to 4100p, keeping its underweight rating. AVEVA Group: Barclays upgrades to overweight. Bellway: Credit Suisse raises target price from 1876p to 1905p and keeps a neutral rating. Bow Leven: Barclays shifts target price from 45p to 50p and retai
Read moreGenel, San Leon and Serica Energy strike oil in Morocco
20th Oct 2014 08:03
A well off the coast of Morocco has struck oil, partners Genel Energy, San Leon Energy and Serica Energy said. The SM-1 well in the Sidi Moussa block, which is operated by Genel, has reached a total depth of 2,825 metres and preparations are now underway to begin testing at a cost of $22m. Genel ow
Read moreSunday newspaper round-up: Lloyds, Marks&Spencer, Oil explorers
21st Sep 2014 18:48
Lloyds Banking Group is considering moving its legal home to England from Scotland even after the Scots voted against leaving the UK, the Mail on Sunday reported. Lloyds had said it would move if Scotland voted to leave the union but has only said it would keep "a significant presence" in Scotland a
Read moreSan Leon expands Moroccan footprint through Petromaroc deal
8th Sep 2014 14:40
AIM-listed oil and gas group San Leon Energy has expanded its asset portfolio in Morocco through the acquisition of two minority stakes. Petromaroc Corporation has transferred its 1.5% net working interest in the offshore Sidi Moussa licence, where drilling of the SM-1 well is currently underway by
Read moreSan Leon Energy signs deal for Polish exploration
1st Jul 2014 12:10
Oil & gas explorer San Leon Energy has signed a joint venture deal with Palomar Natural Resources (PNR) to explore in Poland's Permian basin. PNR has paid $5m and $15m cash upfront for a 65% working interest in each of the Southern Permian Basin and Northern Permian Basin concessions, respectively.
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