Also sle have stated selling Polish assets in the annual results as well as the spangle and Brandon documents, so it isn't as though it came out of the blue as sle already expressed they were going to carry this out to further their involvement in Nigeria
sid - sle would not have gotten rid of rawicz if they did not have something better on which to focus - that is a no brainer even, i would hope, for the likes of you and your brain stem. if you were a share holder i would suggest patience but as you're probably not a shareholder you should probably take your medication and pee off. My free speech opinion is that you post utter nonsense and scrape the barrel of stupidity - if you can't take the heat get out of the kitchen.
Rawicz has no production at all and 9 months time is not soon and if you read the article not connected!
Sid you got a problem with sle that's a fact another one is you are a dead recording of the other non vested pathetic idiots who are on the sle threads for the smear campaign of sle.
Sle bought aul for the land grab, hoping that the majors would prove up the shale and then sle would sell the concessions by the looks of it, it happened in the US but it was just unfortunate the shale was a bit deeper and wasn't producing in commercial quantities. If the majors had proven up the land would have been worth a fortune.
But that is history and sle are now part of a oil and gas production licence which in the end reap rewards to shareholders, not company abusers, get over it sle are in a different place now.
The deal has cost "San Leon will pay about 61.6 million pounds ($98 million) in stock for Aurelian," and now there is a further £20 million in legal costs. THATS £80 million approx. Rawicz was not a freebee, that idea is laughable.
Also Rawicz was just sold for 9+3 million and no NPi deal. Where do you get 29 million from. Please supply further information to back your statement up.
I wasn't aware that rewicz was part of a buy one get one free deal.. Most unusual. I would say it was costed in to the deal not given away. Can you point to information on the web that backs up your BOGOF theory? Thanks.
Your list of "doomed predictions" is far from complete but does show a few of the failure, trials and tribulations the company has had over the years, there are many more if you want to research them. Most of my predictions have been correct.
Teamrampit up consider going into production next year well worth crowing about but you seem to be saying that losing income from production, supplying 4% of Poland's gas is not worth worrying about as its a few months off. I should imagine there are only a handful of private investors who would agree with you.
You say If rawicz actually producing sle would not have sold it!! Then you say it will be producing soon.... so why sell it now? Desperation to survive until the mysterious "sufficient funds" figure is paid off perhaps? Desperation to survive until income from OML18 comes in, that I would guess isn't going as well as expected due to low oil prices ( yes hedged at 35% production for one year), terrorism blowing up oil infrastructure and Nigeria in its worst recession for 25years. But hay ho, SLE has mates in Nigeria so it wont effect them.
You do seem a little naive if you dont mind me saying Pspeedo. But all the same I do wish you luck with your hope and dreams. Perhaps we can discuss them again in a few months time.
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