Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Along with, literally, 428 other companies
Jangada has the same 'mail drop' address as various San Leon entities ??
i.e. 27/28 Eastcastle Street, London, England, W1W 8DH
According to Companies House, Oisin Fanning is a director and shareholder in 48 GROSVENOR SQUARE FREEHOLD LIMITED
https://find-and-update.company-information.service.gov.uk/company/11748568/officers
McMaster was a director of Contango Holdings until 18 June 2020. He is currently director of Jangada Services Limited which on October 23 applied to be struck of the companies house register .
The bankruptcy petitiion is listed here in the public domain at https://caseboard.io/cases/b6d0587e-9a15-495d-82eb-208dedca10dd
Hi Afamefuma,
There's a UK company Contango Holdings, which is quoted on the stock exchange as CGO.L (main activity coal development in Zimbabwe). Brian McMaster is not listed as a director.
https://www.contango-holdings-plc.co.uk/
Is there another Contango Holdings?
Contango Holdings. Brian McMaster. Director.
Notable recent transactions include raising capital for San Leon
Energy plc (£172m in equity) to acquire producing oil & gas assets in Nigeria.
Petition to bankrupt oil executive Oisin Fanning now ‘resolved’
https://www.independent.ie/business/irish/petition-to-bankrupt-oil-executive-oisin-fanning-now-resolved/a1094963734.html
Indeed I think OF has been pis5ing on everyone's shoes and telling them that it is raining.
Continuing to mix metaphors
Probably the "sky is clouding over with chickens coming home to roost"
Personally, I've always been a glass half full kind of person, but with the ongoing mdwestern/eroton/ELI thing, it's starting to look like someone stole the glass while we were busying ourselves with other things. OF strikes me as being a "glass wating to be filled" kind of guy, but although he's convinced some heavy hitters i.e. Tosca Fund, Nigeria is starting to look like a dead end. However, at a risk of mixing metaphors, "Never draw the curtains until the sun goes down".
Anyway, we can't draw the curtains until SLE is listed again.
I come in peace! Been a v long time since I last posted in here, as sold all my shares (luckily at 30-35p) - or thought I had. Came across a bundle in a chid's ISA yday...have not been follwoing the story but is there any prospect of the equity being relisted / readmitted? Funds patently not arriving form the US (I read about that saga and international banking checks do not take 3months) and the worrying 'other financing options being evaluated' comment which on AIM usually means you're up the creek sans any paddling equipment. Any non-aggressive thoughts?
bandit, the rns of 2 nov states that none of the original $5m was used to pay off outstanding creditors.
maybe it purchased a few ****tails in dubai?
if the acoes was going to be the reputed goldmine you would have thought tosca would have financed the whole caboodle...but no.
As we wait for another deal to present itself from our Irish Walter Mitty I do wonder if the company will receive some heavy handed litigation from creditors who have been waiting patiently for payment for many months. Perhaps Tosca will have to extend another $5m just to keep the wolves at bay? This is IMO is the most immediate challenge facing OF whilst he dreams up a new deal to rescue what is left of this debacle.
Just noticed the FT and Morningstar have both reproduced Monday's RNS
Https://www.irishtimes.com/business/2024/01/08/san-leon-in-talks-with-back-up-investor-after-us-funds-fail-to-turn-up/
Another follow up article from the Irish Times. Nothing we don't know but at least one media outlet is tracking current events.
As per the BBC report - It appears that at least someone is skilled at laying pipelines and getting oil out of the Delta! Probably making some decent money out of it too... looks like we may have backed the wrong horse!
Sle/0F Dreams
Avuru said to arrest the natural decline and add 800,000bpd over two years will require 426 wells including 106 exploration and appraisal wells as well as 320 development wells.
Nigeria - one has to wonder if OF really had any idea what he was getting into?
https://www.bbc.com/news/world-africa-63314545
Hi BlackSwan. Good point. I posted on 11 Dec that Fortified Securities neither listed SLE as a client or in their news section on their website. It wasn't because their website hadn't been updated as there was a news item dated after SLEs announcement of their appt as joint broker. At the time I thought that very strange.
Their fee was to be deducted from the loan remittance. Question is can SLE be made liable if the loan is never remitted?
36800 - agree Bluepill has been brought in now that the other two have been exposed for what they are.
He has a penchant for posting as though he is rewriting the novel War and Piece at least he seems to have rid himself of his so outdated form of what he considers to be humour.
Surely the guys in the US (their name is in the RNS) who received I believe US 6Mio. commission for setting the deal up must know what is happening?
Bluerill, let me simplify it for you.
1. The money from TRAM has not materialised, therefore you can not publicly prove your theories correct. As you seem so adamant I wonder, do you have inside information?
2. Fanning is seeking but has not confirmed a new, third-attempt, loan facility. Until such time a potential lender can dictate the terms as San Leon has its back against the wall.
3. San Leon remains in suspension, yet again and beyond the 6 month time limit, convenient for Fanning, but leaving it open to potential de-listing.
Stand down? I. haven't even stood up yet, no need as your argument contains no fact and you admit it is mostly speculation.
Littul sam poor child. do you feul better now aftur yer adoluesunt rant. wheres your daddy. we mis him.
Well, first off 368, if that's 'respect' I hate to see how you treat someone you really disagree with. Second, unfortunately, I don't think you know what 'hypocrite' means as your attempt to criticise me has nothing whatever to catching me being anything of the sort. Third, the quote of mine you site was completely correct. I explained clearly ONLY that the Company's RNS must necessarily be the best possible versio of the truth at the time otherwise the NOMAD would not and could not have allowed it to be released; in other words, the money WAS coming one way or the other, which of course was absolutely true. Therefore the only possible explanation for why it has not landed in the Company's account MUST be what I further speculated several times (even BS agreed with me on this if I remember correctly) was a halt by either a money-center bank in the US or the regulator themselves for reasons that are not required by US law to reveal to any of the parties involved If I'm right, its likely the size of the transfer and the fact that Nigerian interest are involved that triggered the freeze, which unfortunately is not completely uncommon in the US these days. That is all I said and/or all I meant, and it appears I was correct. If not, as I further explained, the NOMAD would have forced SLE to PUT OUT A FURTHER STATEMENT. As for your attempt to double down on the 'short and curlies' comment, it is all there in black and white, if you could be bothered to take out whatever reading aid you use and sound out the RNS properly no matter how long the 5 sentences take you to get through. Stand down. You're out of your depth.
I respect your post Bluerill but it holds no value to me as you are quite a hypocrite and so often wrong.
I quote from a rare input of yours dated 27th Nov 23 "I reckon the money likely IS coming one way or the other, otherwise the NOMAD would have compelled the Company to say so.“
It isn't here is it Bluerill and Fanning is concerned enough to seek a third potential lender, who WILL have him by the short and curlies. As much as you endeavour to imply it's a done deal, based on a statement from an AIM-regulated RNS, and so many from SLE have been proven to be inaccurate, it has NOT been confirmed. It simply states discussions have occurred.
Clearly It is you who speculates, It is you that needs to do better.
It's noteworthy that you only post here in times of company stress, seemingly to support the usual PR teams weak attempts to give credence to the never-ending, never-profitable story of San Leon Energy.
Sorry, 36800, nothing you've written is remotely accurate. Again, read the RNS - and this time carefully - and you will better understand that your reasoning , while it may make you feel a bit better to speculate that management is being held hostage and using silly phrases like 'short and curlies', it just doesn't comport with the reality of the situation. Again, there is simply no way on earth a Company - let alone one that has been suspended for as long as this one and hasn't yet published its most recent accounts - could ever, ever, ever be allowed include a clarification like '....Over the past weeks the Company has identified and has been in discussions with a new potential financing partner in relation to a potential funding solution THAT IS SIMILAR (my caps) to the investment from TRAM ...' if it weren't true, making your claim of Oisin somehow being held over a barrel by any new lender, an entire empty one. Do better.