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San Leon Share Chat (SLE)



Share Price: 24.625Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.00Spread as %: 0.00%Open: 24.625High: 0.00Low: 0.00Yesterday’s Close: 24.625


Share Discussion for San Leon


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frus
Posts: 2,040
Off Topic
Opinion:No Opinion
Price:24.625
.
9 Jan '18
Corporate Transaction
from 2013 OMNIBUS INCENTIVE PLAN (2013)
by RE/MAX Holdings, Inc.
£Corporate Transaction£ means any of the following transactions, provided, however, that the Administrator shall determine under parts (iv) and (v) whether multiple transactions are related, and its determination shall be final, binding and conclusive: (i) a merger or consolidation in which the Company is not the surviving entity, except for a transaction the principal purpose of which is to change the state in which the Company is incorporated; (ii) the sale, transfer or other disposition of all or substantially all of the assets of the Company; (iii) the complete liquidation or dissolution of the Company; (iv) any reverse merger or series of related transactions culminating in a reverse merger (including, but not limited to, a tender offer followed by a reverse merger) in which the Company is the surviving entity but (A) the shares of Common Stock outstanding immediately prior to such merger are converted or exchanged by virtue of the merger into other property, whether in the form of securities, cash or otherwise, or (B) in which securities possessing more than fifty percent (50%) of the total combined voting power of the Company£s outstanding securities are transferred to a person or persons different from those who held such securities immediately prior to such merger or the initial transaction culminating in such merger; or (v) acquisition in a single or series of related transactions by any person or related group of persons (other than the Company or by a Company-sponsored employee benefit plan) of beneficial ownership (within the meaning of Rule 13d-3 of the Exchange Act) of securities possessing more than fifty percent (50%) of the total combined voting power of the Company£s outstanding securities but excluding any such transaction or series of related transactions that the Administrator determines shall not be a Corporate Transaction.
FK Reading Ease
-249.3

FK Grade Level
Graduate School

Endorse (103)
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frus
Posts: 2,040
Off Topic
Opinion:No Opinion
Price:24.625
RNS contradictions?
9 Jan '18
RNS Nov 3rd.......SLE confirm receiving an indicative proposal that included SLE acquiring Midwest shares in MLPL. The proposal did not include an offer by Midwest to acquire the issued share capital of SLE. SLE remains in discussion with Midwest regarding a potential (corporate Transaction) Which could include an offer by Midwest for SLE or an offer by SLE for certain assets of Midwest.
For me there's a huge twist here in that just who wants to take what?

RNS Dec 8th........On 3rd Dec SLE announced that it had received an indicative proposal that included SLE acquiring Midwest shares in MLPL. Discussions included the possibility of an offer by Midwest for the issued and to be issued share capital of SLE. These discussions may or may not lead to a transaction being completed between SLE and Midwest. However Midwest has now confirmed to the SLE board that it does not intend to make an offer.

RNS Jan 5th......As most already know the Chinese have long gone, that's if they were ever in the picture in the first place. But discussions with Midwest continue. After first being told about these discussions more than two months ago this latest RNS completely fails to elaborate on any progress or indeed on what in fact they are actually discussing.
I am disturbed by the first half of RNS Nov 3rd which seems to contradict the second half regarding whether Midwest was to make an offer for SLE...Then RNS Dec 8th confirmed that discussions did include the possibility of Midwest taking over SLE. Even so the RNS concludes that Midwest have now confirmed that they do not intend to make an offer. I am also concerned about words in the RNS Nov 3rd (Corporate Transaction) Similar words were used to describe the consolidation of two and a half years ago, which resulted in 99% of investors shares being taken off them.
If something like this is how its going to end, then all the talk about cashbacks, loan repayments and rising sp would be meaningless to all shareholders as their holdings would once again be taken from them. You could end up with1/3 or less actual shares. Meaning payments of any kind per share that might look good now, would be trashed in value when applied to the new much depleted share holding.
ahshanbd
Posts: 72
Off Topic
Opinion:No Opinion
Price:24.625
AIM relisting date
9 Jan '18
Does anyone knows when they're going to be relisted on AIM ?
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
More good news
6 Jan '18
https://www.thisdaylive.com/index.php/2018/01/06/military-claims-factional-leader-of-boko-haram-mamman-nur-fatally-injured/

Seems like the insurgents days are numbered ))

Less amo for the defenders de facto lol

Bestest

Rich Dick )
quelfromage1
Posts: 413
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
6 Jan '18
Blackswan, agreed about the mindset but we really dont know if acquiring SLE was ever was part of a strategic objective or simply just of commercial interest only. Even if part of a stratgeic plan then there would be a maximum price they would have been prepared to pay especially if there are alternative plays.
QF
GPback
Posts: 4,328
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
6 Jan '18
Then maybe TF really do understand the value of the asset and the investment timeline to make s packet of cash. If they do, we do by buying right now. Obviously when we can.
BlackSwan
Posts: 611
Observation
Opinion:Strong Buy
Price:24.625
RE: Thats the Chinese chancers gone
6 Jan '18
The subject title and comments here more represent the mindset of some commentators on this board - make no mistake the Chinese think strategically and if the possession of SLE/OML 18 was considered to be within their strategic objectives they would have paid a price that Tosca would have been more than willing to accept.
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
Frussy if you need a new job
6 Jan '18
Midwestern are looking for a Production technologist, the successful candidate must be experienced in all aspects of optimising current well performance and the ability to deliver successful new sidetracks and vertical well drilling, you and your cronies claim to know it all in the E&P World so why not give it a try lol

Seems to me like San Leon wants to change the schoolboy shorts for the three piece suit, all coming together nicely ))

http://nigeriajobbucket.com/jobs/midwestern-oil-gas-company-limited-production-technologist-vacancy/

The OML 56 field was producimg around 30k bbl oil per day in 2016, my guess is as with OML 18 that figure has now increased. I am not sure if Mid hold a 70% interest or after the Mart aquisition hold 100%?

Either way if an RTO does transpire, the new enlarged company worst ways will be the proud producer of at least 25k bbls of oil per day, if Mid own 100% of current output then it increases to 35k bbl pd, thats including our "current" 10% from the circa 50k bbl pd from OML 18 which will eventually be increased to 100k bbls pd. if memory serves me correctly ))

Hmmmm, 25000 x 70 = 1,750,000m pd x 365 comes to an anual gross revenue of 638,750,000, gosh is this correct? I will be gobsmacked if yes!

I wont scare the defenders with the figure if its 35k bbls pd lol

Gor blimey major, the position defenders just browned their pants lol.

Gawd help anyone short when this relists.

Bestest

Dickie
quelfromage1
Posts: 413
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
5 Jan '18
"I almost forgot QF, the tri monthly payment coming in is from loan notes, so do not confuse that with monies coming in from Nigeria (Eroton) as when they land its November the 5th all over again )) "

I was lumping these into one but yes that's correct.
QF
quelfromage1
Posts: 413
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
5 Jan '18
"Did you honestly believe that the Avinalaugh "crisis" as you called it would not be resolved? "
No, I always thought TF would step in if required.
But there are plenty who didnt take this view.




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