At the least viewing this RNS one can't accuse SLE for not trying over recent years to become an oil producing/income generating company.
The RNS provides an Impressive picture at this point in time of the companies potential to be able to raise capital and generate income with the latest Nigerian acquisition - I would like to think that the dividend announcement was in some way an attempt to compensate shareholders for the "Great Dilution" we all suffered but that would be a tad naive of me I guess more realistically it could be a flag waving operation to generate further fund raising potential to pursue the long list of SLE strategically located and potentially large volume interesting assets which seem to be on the cusp of exploding into production in 2016 to 2018
Yes, I am biased - at this point in time I feel less of an idiot than when I averaged down at the 80p issue point.
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