Fanning’s San Leon gets $19m loan repayment from Nigerian oil well
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.
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EY reports €393m revenues in Republic of Ireland for 2021 financial year
Revenues in the Republic increased 9.5 per cent for the year up to June 2021 to €393 million, up from €359 million in the previous year