Source - SMW
San Leon has posted an H1 pretax loss of €6.2m, from a loss of €8.3m.

"San Leon is well-positioned to generate significant cash flow through three Nigerian revenue streams (loan principal and interest repayment on $173m, dividends from San Leon's indirect shareholding in OML 18, and from the provision of various workover, drilling and facilities services)," it said.

"The Nigerian asset is world-class, we have a strong deal structure for San Leon, and we are partnering with proven and successful businesses. 

"Operational activity in non-core assets has been minimized in order to preserve capital, in accordance with the Company stated strategy."