Those comments are a bit rich coming from you! But then you probably have a different agenda than some on here not that it matters .Perhaps you might familiarise yourself with the multiple RNS over the years ,over promising and never delivering,the numbers don't lie.The slow steady demise of Sle continues,despite your glass half full posts.
In order to minimise the near-term capital expenditure and extend the duration of exploration concessions in Q3 2014, the decision was made to drop and immediately re–apply for Nowa Sol, Wschowa, Gora, Kotlarka, Prusice, Olesnica and Wielun licenses. The process of dropping and re-applying was necessary as the new Mining and Geological law was to come into force from 1 January 2015 and that was the only option to change the work programme and secure the licences for the future. The process of re–awarding of licences to San Leon and its partners is in progress, and exploration activity with resume once that process is complete.
Okay, so how long does it take to re-apply for these licenses?
Wonder what Oisin is thinking? - here's a clue - "This portfolio adjustment [ANNOUNCEMENT - AS THE ADJUSTMENTS HAVE ALREADY BEEN DONE]is just one of a number of actions the Company will be taking over the coming months to execute the new strategy and we look forward to updating shareholders in due course."
So what's for keeps? The Company remains committed to its remaining acreage in Poland, which includes the Baltic Basin shale licences and the recently announced gas discovery at the Rawicz field.
No Quelfromage, No Malcy. No applause until if the day ever comes when we finally earn some money from production. Meanwhile it's business as usual....More of the same old bs from the same old offenders who have been doing it for years and lining their pocket's while doing so.....People who never stop using the same old s**** wrapped up in different words and names but never the less the same...Same old promises same old mild threats like I'm getting more of these while they are at this ridiculous price. Then there's the wouldn't want to be out of this over the weekend...You can go on and on about these people most of who'm you can also read on many other bb's...Not to mention their multi id's some you know some you don't..........Common sense tells you these people have a motive for doing this...Of course one of the best tricks is to create an atmosphere of near hysteria by claiming that company changing news is imminent, then while we wait the hysteria builds and the sp start's to rise. BUT then we wait and wait some more and we begin to wonder if all is well..No new's is followed by no news which is eventually broken as either something went wrong and we decided to fill it in. Or for now it's going into the waiting room with the others....Then the sp drops and someone made their money.
Malcy says ( http://www.malcysblog.com/ ) "San Leon Funny old world eh? You get dissed if you spend ages trying to find something then when you do and decide to concentrate on the development you get dissed for giving up some of the expensive acreage. San Leon has decided this morning to dispose of a number of Polish assets as per its long term strategy to reduce the exploration component and focus on appraisal, development and production. Production that will bring near term, much needed operational cash flow into the bargain. Now San Leon has had its rough times but surely it is now making the right decisions and should be applauded for that."
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