“San Leon obtained legal advice prior to the purchase which confirmed that, owing to the way that the transaction was structured (and specifically the nature of its indirect interest in OML 18), it was not necessary for Eroton to obtain prior consent from the Minister. Irish energy company Nigeria now has a copy of correspondence between SunTrust and the Nigerian department of petroleum resources relating to SunTrust claim that San Leon should have obtained the department's consent for an assignment of its interests in energy assets in San Leon . San Leon said it remained “of the view that the purported allegations by SunTrust Oil's are without any foundation or merit”.
Irish energy company Nigeria now has a copy of correspondence between SunTrust and the Nigerian department of petroleum resources relating to SunTrust claim that San Leon should have obtained the department's consent for an assignment of its interests in energy assets in San Leon . San Leon said it remained “of the view that the purported allegations by SunTrust Oil's are without any foundation or merit”.