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Investegate |San Leon Energy PLC Announcements | San Leon Energy PLC: Extension of Conditional Payment Waiver

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San Leon Energy PLC (AIM:SLE) | RNS | San Leon Energy PLC - Update on investment in Oza Field, Nigeria

RNS Number: 3722 I San Leon Energy PLC 12 August 2021. San Leon, the independent oil and gas production, development and exploration company focused on.

San Leon Energy PLC (AIM:SLE) | RNS | San Leon Energy PLC - Update on investment in Oza Field, Nigeria

Nigeria, notes the announcement made today by Decklar Resources Inc. ( Decklar Resources ) in Canada.   San Leon has entered into a conditional subscription agreement with Decklar Petroleum Limited ( Decklar Petroleum ), the local subsidiary of Decklar Resources, which entitles San Leon to purchase US$7,500,000 of 10% unsecured subordinated loan notes of Decklar Petroleum and 15% of the enlarged share capital of Decklar Petroleum. In addition, Decklar Petroleum and San Leon have entered into an option agreement which, at San Leon s sole discretion, entitles San Leon to purchase an additional US$7,500,000 of loan notes and further Decklar Petroleum shares representing an additional 15% of the enlarged share capital of Decklar Petroleum.  Further details of these conditional investment agreements can be found in the Company s announcement of