San Leon Energy, the Irish oil and gas explorer, could return up to $50 million as a dividend to shareholders in coming years after a financial reorganisation that will see revenues at the company climb significantly.
Market sources estimated that earnings from its acquisition of an onshore producing oilfield in the Southern Nigerian Delta could be in the region of $100 million per year.
It is thought that San Leon could redistribute up to 50 per cent...
Subscribe from just €1 for the first month!
All Digital Access + eReader
Unlimited Access for 1 Month
Then €19.99 a month after the offer period.
€149 For the 1st Year
Unlimited Access for 1 Year
90 Day Pass
Get a Business Account for you and your team