Nigerian company SunTrust Oil has applied to have Irish oil and gas company San Leon Energy wound up after accusing it of not paying $ 50 m that it claims it is owed . San Leon acknowledged that "such consent was not obtained prior to the purchase" by the business of its stake in the field, which is known as OML 18. It alleges San Leon did not comply with a requirement to notify authorities when it took a stake in Nigerian oilfield OML 18 . San Leon denies that it needed to gain consent because of the transaction 's indirect structure . San Leon said the legal action has no foundation and should be struck out .
Nigerian company SunTrust Oil has applied to have Irish oil and gas company San Leon Energy wound up after accusing it of not paying $ 50 m that it claims it is owed . It alleges San Leon did not comply with a requirement to notify authorities when it took a stake in Nigerian oilfield OML 18 . San Leon denies that it needed to gain consent because of the transaction 's indirect structure . San Leon said the legal action has no foundation and should be struck out .