Irish oil explorer San Leon Energy will have up to $50 million (€43 million) in cash by the end of the year and plans to return half of it to shareholders.
The company said it would begin a share buy-back starting in October with an initial $10 million being returned to shareholders.
San Leon chief executive Oisín Fanning told The Sunday Business Post the cash was flowing into the company via loan notes linked to its investment...
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