A new deadline of December 14 has now been agreed. As previously noted, the company pointed out, worldwide restrictions intended to slow the spread of the coronavirus (COVID-19) pandemic have presented certain logistical challenges.
Nonetheless, it said that good progress has been made with the final drafts of all remaining conditions are currently being reviewed by the parties.
“In particular, the trading subsidiary of a major oil company , which along with a local Nigerian bank, is to provide a five-year term debt to Decklar has provided written confirmation setting out the remaining steps that it is addressing prior to completion,” San Leon said in a statement.
“The terms of the transaction remain unchanged and all parties remain committed to bring it to a conclusion as soon as is practical.”