Total today were victorious at the Administrative Court opening the door for Shale Gas extraction in France...
"Bad news for opponents of the exploration and extraction of fossil fuels, including shale gas" the press have been quoted as saying...
For context, SLE hold around 10 Licenses covering nearly 2.5 million acres in the Paris Basin.
From SLE site: "The Paris Basin is a proven petroleum system with a long history of exploration success. The unconventional potential in the Basin offers world class upside similar to the liquids rich Bakken Shale in North America. San Leon has a large spread of applications across the Basin."
Are not stupid! Martin Hughes is in the 'winners enclosure' here. $180 is in the bag already. Nigeria may have been risky in the past but is cleaning up its act. Bad govt officials and bad companies are exiting stage left. Stage right - SLE :) And R-15 too - yes!!!
Even as an impartial observer,or non holder as some would have it,I hope you're correct,if you have followed fanny and his history of deal making you will observe that NOTHING ever came to fruition under his stewardship,MMI,SMART telecom and thus far nothing with SLE,but let's wait and see then after all it's only been 5 years of jam tomorrow ,one needs to be patient so another three weeks won't be too long to wait for this as you call become a multibagger.DYOR
You seem to be of the mind that any knowledge of or about the proposed deal should be suppressed in case it somehow ruins your personal plan to jump in, make a quick kill and jump out again....With no thought for the truth like a few more on here.....Surely when a proposal like this one comes up out of the blue and looking very complicated all s h should discuss it's merits and it's pitfalls without attempts to discredit them. That's what this bb is for......the link below is about how and when Mart Resources acquired OML 18
GolD - an amusing response to my recent posts - but understandable given the multiply identities - paid and unpaid rampers/deramper and general paranoi seen on this BB - I am currently just a simple long term looser in this company - I tell it as I see it - never shorted SLE but comment in what you may judge as a vain attempt to try and move the company towards a positive outcome for all long term shareholders who believe in the assets owned by this company.
The recently announced SLE deal in Nigeria wasn't what I had anticipated to be the cause of the recent euphoria on the BB, I had hoped Poland had been it's source and when I discovered it was a Nigerian "deal" I expressed my concerns about whether OF knew what he was really getting into - ref URL below for details of the recent anti corruption actions being taken by the new president of Nigeria Muhammadu Buhari elected in March 2015 that have shown a real determined drive to bring down anyone connected to the oil business under the previous government.
The new "regulations" could explain a lot regarding the recent failed attempts and withdrawal of the Canadians on the property that we are due to acquire a participation in and that we all hope will turn SLE into a producing oil company.
Assuming OF has played it according to the new "rules" and that he has the new governmental players on his side and further he has succeeded in represented SLE as a new wave player in Nigerian oil - a large assumption in itself -- then yes this could indeed be a timely opportunity well grasped by SLE/OF to provide us in the short term at least with desperately needed cash flow.
Personal given the turmoil in the oil markets I would have prefered if the euphoria had been due to the success achieved in our Polish assets.
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