---
title: "San Leon Energy PLC (AIM:SLE) Update on investment in the Oza field, Nigeria"
publisher: "Share Talk"
author: "sharetalk"
published: "2022-07-01T08:32:45+00:00"
modified: "2022-07-01T08:32:45+00:00"
date: 2022-07-01
canonical: "https://www.share-talk.com/san-leon-energy-plc-aimsle-update-on-investment-in-the-oza-field-nigeria/"
category: "Energy"
categories: ["Energy"]
tags: ["Barryroe", "canada", "Decklar Petroleum", "Decklar Resources", "DKL", "Duncan Blount", "floating storage", "Midwestern", "Nigerian oil", "Oisin Fanning", "Petroleum", "pipeline", "Providence Resources", "PVR", "San Leon Energy", "Share Talk", "SLE", "Umugini"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1"
format: "news"
language: "en-GB"
---

# San Leon Energy PLC (AIM:SLE) Update on investment in the Oza field, Nigeria

**Published:** July 1, 2022
**Author:** sharetalk
**Categories:** Energy
**Tags:** Barryroe, canada, Decklar Petroleum, Decklar Resources, DKL, Duncan Blount, floating storage, Midwestern, Nigerian oil, Oisin Fanning, Petroleum, pipeline, Providence Resources, PVR, San Leon Energy, Share Talk, SLE, Umugini
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&ssl=1)

---

Further to the Company’s announcement on 3 May 2022, **San Leon**, the independent oil and gas production, development and exploration company focused on Nigeria, provides the following update in respect of its potential follow-on investment in the Oza oil field in Nigeria (“Oza”).

San Leon’s announcement of 3 May 2022 noted that the Company had an option until 30 June 2022 (the “OptionPeriod”) to provide a further loan of US$2.5 million to Decklar Resources Limited (“Decklar”), in order to increase its shareholding in Decklar from 11% to 15% (or otherwise accept the pro rata reduction in its shareholding in Decklar to 11%).

San Leon is in discussions with Decklar in respect of potentially extending the Option Period. The Company will release further announcements as and when appropriate.

Enquiries:

**San Leon Energy plc**

**+353 1291 6292**

**Oisin Fanning, Chief Executive**

**Julian Tedder, Chief Financial Officer**

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