Funds from a $187m (€171m) deal hailed as ‘transformative’ last year by the embattled oil and gas firm San Leon, led by Irish businessman Oisin Fanning, have so far failed to materialise, the company told investors on Monday. The firm said it’s already in talks with a new potential investor.
Weekly Dirt: Fed Cuts Expected to Reinvigorate RE Market therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Lender Buys Oil Mogul Onajite Okoloko's Manalapan Estate therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
San Leon, the embattled AIM-listed oil and gas exploration firm headed by Oisin Fanning, has unveiled an investment of up to $187m (€176m) in the firm that it says will be “transformative” for the group.
By Elena Vardon San Leon Energy said it ended its proposed transactions with Midwestern Oil & Gas and its further conditional investments in Energy Link.