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abs correct, Sam, a couple of bulletin board trolls wrecked on the bitter rocks of their disappointment and not a single fact between them. 9p indeed - probably the worst ever SP prediction made on a bulletin board! given us all a few laughs along the way but, as comedy double acts go, they're not exactly Harry and Paul.
Who continually knocks a winner , no one that's who, a loser would, 9p never happened 11p did due to covid, but sp at present stands suspended at 39p, a very long way from your prediction of 9p which just makes you look a sore loser no wonder your afum ing!.
EA is fine and in Nigeria waters awaiting pipeline hook up completion/commissioning, more companies looking to use the facility must make you feel like a rusty old wreck, both of you!.
Eli Infrastructure already 8 months over the legal deadline for filing audited accounts for 2019. Removed their statutory auditor last year.
who bin payin for this ship to be sit rusting away for 18 month in the bay of Gulf of Guinea. the red lion. nother big mr oisin fanning daydreamer idea that come to nothing as usual. all talks no akshun make this a great share for day tradur. if when we can buy and sell one day again.
from the poster they call accurate 9p predicshun. A9p for short.
https://www.foxbusiness.com/energy/energy-expert-warns-of-serious-oil-crisis-within-next-five-years
very very good postings of you points capabilly pete. very very valid opiniun and worf considuration by any resunable persun genuine potenshul investor or tradur. no wunder the bully boy want to silunce you.
please dont leve it nothur 7 years before postings again pete. please. your words are wise. god bless
I am the poster know as accurate 9p predicshun. A9p for short.
Alaric breakdown as opposed to your usual euphoric abusive high - maybe the heat is just getting to me - 43 C here today!
how very worrying for you Fishy. all that pent up frustration following San Leon for what 7 years or so without comment and then black thursday 15 june - kaboom baby - you blow a fuse and post 4 times in one day? if i didn't know any better (which btw i do), i would say you were having a breakdown mate
I have not made comments before because things seem to have been progressing, but I have been a shareholder since the high days of fracking in Poland many years ago and it is starting to feel like that again. It looks like midwestern cannot pay us, the pipeline has been delayed and still no certainty if it will ever be finished, and now a very strange out of date RNS about Decklar.
I sincerely hope I am wrong but todays RNS leaves me seriously worried.
'All seems very fishy to me. I have been invested in this company for many years and it smacks of another cover up of things which turn out to be figments of our imagination even though we were told they were happening by the CEO!' yeah sure
Fishabilitypete - what handle did you use before for your posting?
Fishy you have been invested for years yet have said nothing for years.......until now!.
The update on Decklar is a month after they reported it. In the last day or two they have announced their agreement to take over another company with proven resources. All seems very fishy to me. I have been invested in this company for many years and it smacks of another cover up of things which turn out to be figments of our imagination even though we were told they were happening by the CEO!
For SLE to release that rns, it would seem the deal is still on.
encouraging news from Decklar. by way of reminder for those who for whatever reason like to stir trouble, awaiting satisfaction of conditions precedent is just that: it is not a unilateral option to walk away from a signed contract
Was I over optimistic todays RNS says Decklar deal not signed off. Since they seem to be moving on rapidly without our help is it dead in the water?
to remind, Zac Phillips wrote a piece for Proactive in April 2021 under the headline 'OML 18 A Springboard for Greater Growth'. He based his valuation on 1. our 10.58% interest in OML18 2. our 10% interest in ELI and 3. our 4 5% npi in Barryroe ( Oza not included yet) some interesting extracts :
'San Leon Energy PLC's (LON:SLE) 2016 acquisition of an interest in OML 18 in Nigeria is starting to generate value for shareholders and provides not only a strong presence in a highly prospective region but also the liquidity with which it can execute a growth strategy optimised in its favour. We have undertaken a sum of the parts (SOP) valuation, which we have “sense checked” against Proactive's valuation estimates for the principal assets. We estimate the fair value to be between US$459 — 743mln (76 — 121p a share)... however it is the execution of the next stage that we see as the significant catalyst in the revaluation of the company.
Once the programme is initiated, of which the installation of a floating storage and offloading (FSO) facility is an integral part, we believe that the market value's discount to its underlying asset base will start to unwind, and the share price will start to trend towards the assets' fair value range'
Pete - Now there's a thought - try not to think about it - at least Eli Akaso is still afloat or was the last time I looked thanks to our latest cash contribution into the company.
Since we acquired our interest in what we are assured is a world class asset it has actually earned us nothing. It is the interest and capital repayments on the loan to Midwestern which have finance our dividend which is paltry in the time scale involved and not even any capital gain. We now have two projects Decklar and the pipeline which could actually start some trading income in the short term. To me these seem far more valuable than a further 60% of a non profitable company subject to the whims of the Nigerian Government . It looks to me as though Midwestern are on the skids selling assets to keep the lights on. This has come about because they cannot repay what is due so any any buyout out should be based a fire sale valuation.
Pizza do you think Oisin Fanning with his 9.5m shares in the company is more interested in loads of wonga or a big dilution? if bizarrely he got the answer to that wrong, do you think Tosca with over 72% of San Leon might have something to say?
what is this going to mean for all of us shareholders of SLE?
Loads of wonga or a big dilution?
Everything seems to be moving in the right direction for SLE.... Seems that so much could be happening in the background, can't wait to hear the details of our HOT with Midwest, but there could be so much more than just the 100% of mlpl, and the resulting RTO.... More Eli, and maybe more Oza... That's just what could be the table at present. .. But the bigger picture is wide open... Maybe (as Al. Hinted at) Sahara, and Nnpc stake could come our way in the longer term.
...
Option Agreement") that, at San Leon's sole discretion, entitles San Leon to purchase an additional US$7,500,000 of Loan Notes (the "Option Loan Notes") and 2,521,008 Decklar Shares (representing an additional 15% of the enlarged share capital of Decklar, together with a gross-up of the original 15% so as to provide San Leon with a total of 30% of the enlarged share capital of Decklar
Nice, SLE will have 30% of Decklar shares when concluded