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AIM float values San Leon at £100m
Mon, 01 Dec, 2008
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AIM float values San Leon at £100m
Mon, 29 Sep 2008, 11:28:00
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Value
Percent
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San Leon Energy
11.50p
+0.00%
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San Leon Energy
started trading on AIM this morning in a move that valued the international oil and gas explorer at £100m.
The group, which focuses on oil and gas projects in North America, Morocco and the Netherlands, did not raise any new money but said the listing will provide potential access to capital in the future.
"We are confident that there will be extremely positive news regarding new licences in the short to medium term," said chairman Oisin Fanning.
"We have created a strong and valuable base that we will look to develop in tandem with acquiring and then developing new licences within our portfolio," Fanning added.
Daniel Stewart is acting as both nominated adviser and broker to the company.
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