Brief: San Leon Energy Provides Update on Refinancing And Proposed Transactions
24/03/2023 07:31
March 24 (Reuters) - San Leon Energy PLC SLEN.L :
* SAN LEON ENERGY PLC - UPDATE ON REFINANCING AND PROPOSED
TRANSACTIONS
* SAN LEON ENERGY PLC - NOW IN FINAL DISCUSSIONS AND
EXPECTS TO
COMPLETE REFINANCING WITH A PREFERRED ALTERNATIVE FUNDING
PARTNER IN NEAR TERM
* SAN LEON ENERGY PLC - RECEIVED ONLY VERY LIMITED CASH
INFLOWS
AND AS A RESULT CONTINUES TO TAKE STEPS TO MANAGE ITS OVERHEADS
* SAN LEON ENERGY - ADVISED BY BUYER OF NON-CORE INVESTMENTS
IN
DECKLAR PETROLEUM, ONCE BUYER'S FUNDING IN PLACE, COMPLETION TO
TAKE PLACE WITHIN DAYS
* SAN LEON ENERGY- NOW EXPECTS COMPLETION OF PROPOSED MLPL
REORGANISATION TO BE IN Q2 OF THIS YEAR AND LONG STOP DATES WILL
SHORTLY BE EXTENDED
Source text for Eikon: urn:newsml:reuters.com:*:nRSX0864Ua
Further company coverage: SLEN.L
(Reporting by Shreyaa Narayanan)
((Shreyaa.Narayanan@thomsonreuters.com;))