San Leon Energy (GB:SLE) has released an update.
San Leon Energy, an oil and gas company operating in Nigeria, announces a €500 million German government bond beneficiary status, facilitating negotiations for expected refinancing with a major financial institution. This refinancing is projected to allow investments in Energy Link Infrastructure and settle outstanding creditors. The company also discusses potential revised transactions with Midwestern Oil & Gas and addresses the ongoing suspension of trading on AIM due to delayed financial reporting.
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