Crude Oil (WTI)

Commodity

XD0015948363

Delayed OTC Data Services 10:32:08 2024-04-26 pm EDT			5-day change	1st Jan Change
83.53 ^USD	0.00%		+1.68%	+17.17%

03:07pm	Sinopec's Q1 profit falls on subdued chemicals business	RE
03:04pm	Saudi Arabia set on securing lithium for EV ambitions	RE

San Leon Energy invests in Energy Link Infrastructure

August 08, 2023 at 08:52 am EDT

San Leon Energy PLC - oil and gas production, development and exploration company focused on Nigeria - Announces a further investment of USD5.0 million in Energy Link Infrastructure (Malta) Ltd, which owns the new pipeline and the floating storage and offloading vessel for the OML 18 oil and gas field in Nigeria. The further investment in ELI is being funded by the company taking a USD5.0 million loan from funds managed by Toscafund Asset Management LLP.

San Leon expects to increase its ownership of ELI to approximately 16%. San Leon agrees to a period of exclusivity with ELI through to the end of August to make further investments, of up to USD37.0 million, in ELI. These further investments would entitle San Leon to up to a further 31% of ELI, making it the largest shareholder of ELI with around 46%.

Current stock price: 16.14 pence

12-month change: down sharply from 3,905.00p

By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
BRENT CRUDE OIL SPOT	88.07 USD	+0.10%	+1.75%	-
WTI	83.53 USD	0.00%	+1.68%	-
SAN LEON ENERGY PLC	16.5 GBX	-.--%	-.--%	92.47M

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