Energy Producers
By Josh White
Date: Friday 09 Apr 2021
LONDON (ShareCast) - (Sharecast News) - Nigeria-focussed oil and gas exploration, development and production company San Leon Energy said on Friday that its investee company Decklar Resources had contracted a drilling rig for re-entry and testing operations on the Oza-1 well.
The AIM-traded firm said mobilisation was expected to begin next week.
It said camp and logistics equipment required for the well re-entry was currently being staged on site.
Long-lead equipment items required to test and complete the Oza-1 well re-entry had been ordered, it added, with service contractors sourced and secured.
"We are pleased with the progress being made and look forward with anticipation to the commencement of Oza-1 re-entry operations, testing, completion, and initial production at the Oza Field," said Decklar chief executive officer Duncan Blount.
"These initial operations at the Oza Oil Field represent a milestone culminating from considerable effort and preparation for the initial development activities at the Oza Oil Field with [our partner] Millenium."
At 1318 BST, shares in San Leon Energy were up 0.63% at 40p.
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Currency | UK Pounds |
Share Price | 16.50p |
Closing Price Change | 0.000p |
% Change | 0.00 % |
52 Week High | 41.20 |
52 Week Low | 12.50 |
Volume | 0 |
Shares Issued | 449.91m |
Market Cap | £74.24m |
Value |
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Value |
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Income |
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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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