San Leon upbeat on 20-year extension to Nigeria licence

San Leon Energy announced on Monday that Eroton, the operator of the OML 18 licence, onshore Nigeria, has received a 20-year licence renewal for OML 18.

The AIM-traded firm said the licence now expired in 2039.

“The OML 18 licence renewal is excellent news for San Leon's investment in Nigeria, securing Eroton's rights to develop the fields in OML 18 for another 20 years,” said chief executive officer Oisin Fanning.