San Leon Oisin Fanning's pay five times 2016 company turnover
The boss of beleaguered Irish energy firm San Leon, Oisin Fanning, earned €1.7m ($2m) last year in salary, bonus and share awards, five times the company's €342,000 turnover, according to its annual report. San Leon's shares were suspended after it published its 2016 accounts later than stock market rules permitted and its directors have acknowledged the company would need further funding, according to its auditors, KPMG. The oil and gas exploration company is also awaiting payments from its stake in a Nigerian oil field.

San Leon energy boss Oisin Fanning's pay package was valued at five times the company's turnover last year, according to its newly released-annual report. The report also shows that San Leon's auditors have cast doubt on the oil and gas explorer's future.

Fanning's remuneration package for last year was valued at €1.7m, including salary, bonus and share awards, with the company posting revenue of €342,000.

Last year, his package outstripped that of Dalata chief Pat McCann and would have put him among the top 10 earners if the company were part of the ISEQ20.

The company's 2016 accounts were published later than stock market rules in London allowed, resulting in a suspension of trading.

In this year's annual report, auditors KPMG stated that San Leon's directors had acknowledged the company would need further funding in the next 12 months.

It is awaiting payments from its stake in a Nigerian oil field - a deal made last year, which was described by the company as transformational. The project operator has run into difficulties making the payments.

KPMG said there were "material uncertainties, which may cast doubt" over San Leon's ability to continue as a going concern.