On January 5, 2018, San Leon Energy plc confirmed that discussions with both China Great United Petroleum (Holding) Limited (CGUP) announced on June 28, 2017, and Geron Energy Investment, originally announced on December 21,2016, have been terminated. the company stated that both CGUP and Geron have confirmed that they do not intend to make an offer for the issued and to be issued share capital of the Company.