Island Oil and Gas
The San Leon Group is an international group of companies focussed on the exploration and production of oil and gas projects in Poland, Ireland, Italy, Morocco, Netherlands and North America.
The Company was incorporated in 1995 as an oil and gas exploration company. Between 1995 and 2007, its principal activity was to act as an investment vehicle. In October 2007 the Company acquired its first exploration assets, situated in Morocco.
With new management, investment and a strategy of balanced acquisition and exploration, the Company has established the portfolio of assets described in the following document.
Also in 2007, San Leon embarked on a strategic initiative by bringing in new management and investment and has actively developed a portfolio of licences and lease interests through subsidiary operations in several countries. The Company’s headquarters are in Dublin with Corporate and Operations Offices in London, Warsaw, Italy and Denver. In September 2008, the company listed on the London Stock Market (AIM). In 2009 and 2010 the company acquired Gold Point Energy and Island Oil and Gas Plc.
To maximise value and investment, the company’s objective is to differentiate itself from other oil and gas exploration companies by becoming a producer quickly and being recognised as a proactive, energetic and self-supporting entity.
Latest Island Oil and Gas News
Further to the announcements on 23 December 2009 and 29 January 2010 regarding the provision of a €500,000 working capital facility ("the Loan") to Island Oil & Gas plc ("Island"), San Leon announces that it has agreed to extend the Loan to 26 February 2010. The Loan and accrued interest will n... Thursday, February 11, 2010
San Leon, the AIM-listed international oil and gas company, announced on 15 October 2009 that it had made an indicative proposal to Island for the combination of the two companies with a view to building a strong Irish-based oil and gas exploration and development business. The indicative non-bind... Wednesday, December 23, 2009
Following on from previous disclosures regarding monetization of the Celtic Sea assets the Board of Island has suspended all discussions with interested parties pending the outcome of the approach in relation to a possible offer from San Leon Energy plc ("San Leon"). The Board has taken into consi... Thursday, October 29, 2009
San Leon announces that it has made a proposal to Island for the combination of the two companies with a view to building a strong Irish-based oil and gas exploration and development business. Island is considering this proposal. San Leon is keen to hold a constructive dialogue with Island with a vi... Friday, October 16, 2009
All Island Oil and Gas News
Highlights: • Placing to raise £762,417 before expenses; funds will provide further working capital • US$833,334 of loans gained from Longreach and Celtex to cover certain bank guarantees and secure Island’s position in the Sidi Moussa and Foum Draa Exploration Licenses, Morocco • Further loan of... Friday, August 7, 2009