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A petition to bankrupt Oisin Fanning, the executive chairman of embattled oil and gas firm San Leon, was filed in London on Thursday but a spokesperson insisted last night that the matter has now been resolved.
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.
San Leon Energy PLC said it has not yet received funding from Tri Ri Asset Management Corp.
San Leon, a Nigeria-focused oil and gas production, development and exploration company, in October had.
Earlier this year, San Leon planned to take over certain assets of Nigeria’s Midwestern Oil and Gas Company, a 13 per cent shareholder in San Leon, by way of a reverse takeover