San Leon Energy - Re: SLE Stream Log - Eroton continues to accrue cash...

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Re: SLE Stream Log
15:44 04/11/2016
ChartTrader
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Eroton continues to accrue cash from OML 18 operations into the Debt Service Reserves Account ("DSRA") attached to the existing Reserves Based Lending ("RBL") facility. Cash flow to San Leon will begin once sufficient funds have accrued in that account, whereupon the Company will initiate its policy of returning 50% of Nigerian free cash flow to shareholders. The Company is well-advanced in reviewing the steps required to effect a capital reorganization which is required to allow such distributions. From the interims.

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