SLE is a Nigeria focused mid-tier E&P independent. Its strategic move into the country in 2016 has been a great success story. Initially a significant indirect interest was secured in the operator of the Niger Delta licence OML 18. Meanwhile, substantial cash flow has derived from high yield loan notes obtained at the time of the acquisition. The OML 18 move has been followed by two recent investments which again focus on near-term cash flow. These are the interests taken in the new ACOES
29 Sep 2020
Powerful cash flow
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Powerful cash flow
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
29 Sep 2020 -
Author:
Peter J Dupont -
Pages:
37
SLE is a Nigeria focused mid-tier E&P independent. Its strategic move into the country in 2016 has been a great success story. Initially a significant indirect interest was secured in the operator of the Niger Delta licence OML 18. Meanwhile, substantial cash flow has derived from high yield loan notes obtained at the time of the acquisition. The OML 18 move has been followed by two recent investments which again focus on near-term cash flow. These are the interests taken in the new ACOES