Energy Producers
By Maryam Cockar
Date: Monday 19 Dec 2016
LONDON (ShareCast) - (ShareCast News) - Shares in San Leon Energy soared on Monday as the oil and gas explorer confirmed that it has been approached by a potential buyer.
The AIM-listed company stressed that the approach may or may not yield an actual bid.
Recently the company sold stakes in two gas projects in Poland. It sold its 35% interest in the Rawicz gas filed for $9m and was released with $3m worth of loans. It sold a 35% stake in the Siekierki gas field for only €1, but will retain a 10% profit interest in the project.
In November, San Leon agreed to pay €23.3m, with interest, to settle a legal dispute with Dutch investor Avobone. The first €2m installment had been paid, in April and October 2017 the company will pay €16m in equal installments followed by €5.3m by next December.
Shares in San Leon were up 22.9% to 53p 0932 GMT.
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Currency | UK Pounds |
Share Price | 16.50p |
Closing Price Change | 0.000p |
% Change | 0.00 % |
52 Week High | 41.20p |
52 Week Low | 12.50p |
Volume | 0 |
Shares Issued | 449.91m |
Market Cap | £74.24m |
Value |
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Value |
---|
Income |
---|
Growth |
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Strong Buy | 0 |
Buy | 1 |
Neutral | 0 |
Sell | 0 |
Strong Sell | 0 |
Total | 1 |
Latest | Previous | |
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Special | Final | |
Ex-Div | 07-May-20 | n/a |
Paid | 29-May-20 | n/a |
Amount | 6.00p | 0.000¢ |
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