Executive leaves with 20 years of experience in the oil and gas sector, including at IGas Energy and Tullow Oil
More unwelcome news at Oisin Fanning’s San Leon, which has for the past year been beavering away in its effort to raise the money necessary to begin exploitation of a significant oil find in Nigeria.
In a statement to the Irish Independent, the company said it could “confirm that CFO Julian Tedder has resigned and we have appointed someone else”.A spokesperson for the company said it wasn’t yet in a position to state who that new chief financial officer is, but that it would “update shareholders in due course”.
Though San Leon assured the markets it had been told the funds were to be transferred by January 2024, it disclosed – with evident frustration – that “no funds have been received by the company”.
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