Global independent oil and gas exploration company San Leon has reported losses of more than 500 m for 2015 , but recently it has signed a " transformational " deal which would turn the company into a producing firm in 2020 . shareholders still need to approve the deal and if they consider it the green light , San Leon will return " 50 % of free cash flow " to shareholders , it said .
Global independent oil and gas exploration company San Leon has reported losses of more than EUR218m for 2015, but said it has signed a "transformational" deal which would turn the company into a producing firm in Nigeria. Shareholders still need to approve the deal and if they give it the green light, San Leon will return "50% of free cash flow" to shareholders, it said.