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Share Views: Mike van Dulken on today's Company Results and Macro considerations


San Leon Share Chat (SLE)



Share Price: 34.4146Bid: 34.75Ask: 35.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.25Spread as %: 0.72%Open: 34.4146High: 0.00Low: 0.00Yesterday’s Close: 34.4146


Share Discussion for San Leon


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RichinMinerals
Posts: 119
Off Topic
Opinion:No Opinion
Price:34.4146
RE: The hedge gets cut soon.
17 Jul '17
Given the current oil price, that hedge will be approx. half the current value - meaning that production will have to double for revenues to stand still on the hedged portion of production."

El Sid, are you stating the above which you have copied and pasted from another site as fact?

A simple Yes or No will do as I really have no time to converse with you about anything else. Please bare in mind that this is a public BB that is read by lots of people so to give out or copy and paste misleading information is an offence and can be punishable under market abuse regulations.

I suggest you retract what you are representing as again it is slanderous in nature and potentially libellous.

Regards

Richi
 
honestsid
Posts: 1,714
Research
Opinion:No Opinion
Price:34.4146
The hedge gets cut soon.
17 Jul '17
An interesting point to ponder over from Freddie on iii

" Meantime the clock is ticking on another matter. Eroton has a Reserve Bank Lending facility agreement that is in part tied to the hedged price of the produced oil. The current hedged price of $95/bbl for a portion of production expires at the end of 2017. A new hedge needs to be in place by Sept 2017 for oil production from Jan 2018, through to the end of the RBL facility.

Given the current oil price, that hedge will be approx. half the current value - meaning that production will have to double for revenues to stand still on the hedged portion of production."
honestsid
Posts: 1,714
Research
Opinion:No Opinion
Price:34.4146
Nigeria, Business as usual.
17 Jul '17
“Our attention has been drawn to a report … stating that Oando is under investigation by the Securities and Exchange Commission (SEC) following petitions filed by some foreign investors in Oando Nigeria Plc, in relation (to) shareholding structure,” it said in a statement.

https://nationalaccordnewspaper.com/oandos-share-price-dips/

Well done the Foreign Investors, hope you get justice if justice is due.
Brotherseven
Posts: 632
Off Topic
Opinion:No Opinion
Price:34.4146
RE: As I post
17 Jul '17
No surprise really though I am curious about the identity and paymaster behind the manipulation,that said I'm sure fanny is more than happy with the Nigerian play and would be nice to see the accounts whenever that will be .Gl
frus
Posts: 1,951
Off Topic
Opinion:No Opinion
Price:34.4146
As I post
17 Jul '17
On only one BB that of SLE I have no confusion. It may not be the same for you who post's on at least 4bb.
IMHO all your post's are in the same manner and are all trying to achieve the same objective. Which in my opinion is to suggest that great things are about to happen and that we may have little or no chance to invest more. But if we do get a chance move quickly thus parting us from our hard earned.
honestsid
Posts: 1,714
Observation
Opinion:No Opinion
Price:34.4146
RE: A very Sad Story
17 Jul '17
I wonder who his "adviser" was, which companies he invested in and if he went through any hedge funds I have heard of.

I sure hope he didnt take advice from team rampitup style posters but then again if he did listen to bulletin board ramping he probably has a case to present.
honestsid
Posts: 1,714
Research
Opinion:No Opinion
Price:34.4146
A very Sad Story
17 Jul '17
But just seems another typical report about investing in the Nigerian Oil Industry.

"Boris Becker 'lost his £100m fortune investing in Nigerian oil firms that plunged in value"

Read more: http://www.dailymail.co.uk/news/article-4701824/Becker-lost-100m-fortune-investing-Nigerian-oil.html#ixzz4n5EepcXL
Follow us: @MailOnline on Twitter | DailyMail on Facebook
Callasjunkie
Posts: 272
Research
Opinion:No Opinion
Price:34.4146
Are you confused?
16 Jul '17
1970's....I must apologise for not responding to your post of Saturday where you dismiss my disquiet re OML sales and pipeline losses due to yet another Bonny force majeure arising from yet another Nembe Creek Pipeline outage.

Whilst you imply there are no worries as OML18 has alternative routes, San Leon has seems to think that Bonny Terminal and Nembe Creek pipeline outages are important and impact its performance. You may wish to refer to SLE's RNS of 19 April. To save you looking it up, here is the relevant extract.....

"Production downtime

- Eroton is currently evaluating a number of independent alternative oil evacuation routes that could both increase consistency of supply to the market and reduce costs associated with current transportation tariffs and refining. The evaluation has been prompted following downtime caused by tank tops and cargo shipping delays at the Bonny Terminal and some intermittent upstream outages on the Nembe Creek Trunk Line pipeline ("NCTL"), the export pipeline used to transport OML 18 oil to the Bonny Terminal. Eroton has already identified one alternative route that could be operational within 12 months.

- Any future NCTL outages are expected to be managed and mitigated from the second half of 2017 by installing isolation valves and equipment between OML 18 and the upstream section of the NCTL pipeline, which will allow OML 18 to continue to produce and export oil, even if there are issues on the NCTL pipeline upstream of OML 18.

Pipeline losses

- Eroton is currently in discussion with the operator of the Bonny Terminal and the NCTL pipeline operator regarding allocation of pipeline losses between the various producers during 2016 and 2017. In 2016, the Bonny Terminal operator installed new Lease Automatic Custody Transfer ("LACT") units on the NCTL line where crude enters the Bonny Terminal, and has now allocated an average of 24% pipeline losses to all operators using NCTL for 2016 (compared with 9% assumed in the Admission Document). Eroton is disputing the allocation and has requested that the relevant regulatory authorities investigate the allocation of losses with a view to reallocating losses in Eroton's favour (thereby boosting the 2016 sales numbers).

- To prevent any further discrepancies, LACT units have now been ordered for OML 18 and are anticipated to be operational in Q2 2017, thus reducing operating costs by providing accurate measurements at the transfer point."

However, I appreciate 1970's that your information could be more accurate than San Leon's ...on the basis that SLE doesnt seem to have a clue what it's doing.
honestsid
Posts: 1,714
Observation
Opinion:No Opinion
Price:34.4146
looks like
16 Jul '17
a clear cut case of market manipulation frus..

Excellent evidence to pass on to the FCA
RichinMinerals
Posts: 119
Off Topic
Opinion:No Opinion
Price:34.4146
RE: its a great feeling
16 Jul '17
Yes GP, providing a higher offer does not materialise whilst still in suspension, I would expect this to move sharply higher nearer to the 70p level once resumption is reinstated, I guess the fireworks will shortly follow as they have all had plenty of time to do their DD etc. Lets face it, contrary to El Sid & Co, the Chinese or anyone else for that matter are quite aware of the geographical and political landscape of Nigeria and will not be put of bidding for SLE on the back of it.

Rich




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