Fanning’s San Leon gets $19m loan repayment from Nigerian oil well

Barry J Whyte

Chief Feature Writer @whytebarry
8th April, 2018

Irish oil and exploration company San Leon, founded by the former stockbroker Oisin Fanning, last week received a $19 million loan repayment as part of its stake in a Nigerian oil well that has been troubled by technical glitches.

San Leon has a 9.72 per cent interest in the field, which it secured by way of a complex transaction in 2016 involving a joint venture company it controls with African oil exploration firm Midwestern Oil & Gas.

Fanning’s...

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