4th Jan 2022 16:07
San Leon Energy PLC - Dublin-based oil & gas exploration company - Extends waiver of a loan repayment due from joint venture Midwestern Loan Petroleum Ltd to the end of January. San Leon is in talks to buy out the joint venture partner Midwestern Oil & Gas Co Ltd's 60% stake in MLPL. The waiver may be terminated if a deal is signed or talks end before the end of January.
As interest continues to accrue on the principal amounts waived, the extended conditional payment waiver relates to USD99.3 million with a principal amount of USD82.2 million and total accrued interest of USD17.1 million.
Current stock price: 39.97 pence
By Dayo Laniyan; [email protected]
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