San Leon Energy (“San Leon”; “SLE”) has increased its stake in OML 18 and the ACEOS export infrastructure via a series of transactions that have also simplified the ownership structure. SLE is effectively quadrupling its economic interest in OML 18 through the issuance of 418mm shares to Midwestern. This adds 93% to SLE’s share count while Midwestern’s stake in SLE increases to 55%. SLE’s existing ~US$100mm of loan notes underwritten by Midwestern have been cancelled and ~US$50mm of new debt wil ....
11 Jul 2022
San Leon Energy: Transformational acquisition of a world class oil and gas field and strategic infrastructure in Nigeria
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San Leon Energy: Transformational acquisition of a world class oil and gas field and strategic infrastructure in Nigeria
San Leon Energy Plc (SLE:LON) | 16.5 0 0.0% | Mkt Cap: 74.2m
- Published:
11 Jul 2022 -
Author:
Anish Kapadia -
Pages:
30
San Leon Energy (“San Leon”; “SLE”) has increased its stake in OML 18 and the ACEOS export infrastructure via a series of transactions that have also simplified the ownership structure. SLE is effectively quadrupling its economic interest in OML 18 through the issuance of 418mm shares to Midwestern. This adds 93% to SLE’s share count while Midwestern’s stake in SLE increases to 55%. SLE’s existing ~US$100mm of loan notes underwritten by Midwestern have been cancelled and ~US$50mm of new debt wil ....