San Leon Energy says second Avobone payment not made
San Leon Energy's shares sagged more than 5% on stating the second payment due to Avobone Poland BV has not yet been made.
FTSE AIM 100
3,533.24
08:55 15/11/24
n/a
n/a
FTSE AIM All-Share
729.58
08:55 15/11/24
n/a
n/a
Oil & Gas Producers
7,999.54
08:54 15/11/24
0.77%
60.99
San Leon Energy (CDI)
16.50p
17:30 24/06/24
0.00%
0.00p
The payments were due as per an agreed settlement regarding several disputes.
San Leon said it was in talks with Avobone regarding this payment, and would update the market in due course.
In November last year, San Leon said it agreed to pay Avobone a total settlement of €23.3m, spread across several tranches.
At 13:07 BST, shares in AIM-traded San Leon Energy were down 5.2% to 43.25p each, and off earlier lows.