San Leon announces extension to Nigeria investment

San Leon Energy updated the market on its proposed investment in Decklar Petroleum and the Oza Field in Nigeria on Wednesday, which it initially announced at the beginning of September.

The AIM-traded firm said the parties had agreed to a one month extension to 31 October.

It said that was in order to finalise certain conditions precedent in the subscription agreement.

“All other terms of the transaction remain unchanged,” the board said in its statement.

At 1630 BST on Wednesday, shares in San Leon Energy were down 0.25% at 26.83p.