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btw if anyone is interested in what actual West African pidgin english sounds like (compared to the phony version you may occasionally see on this board), the link below takes you to the BBC Pidgin service's coverage of the recent passing of the new petroleum law
https://www.bbc.com/pidgin/world-57689625
indeed observers say its approval is essential to attracting a shrinking pool of capital for fossil fuel development.
let hope it dont get delayed for nother 20 year. this is Nigeria we talkin bout after all.
indeed qf, as i believe a few of us have said over time, oil demand is unlikely to show any sign of abating any time soon. with investment in exploration by the majors reducing (ESG agenda etc) and reserves falling, the upward pressure on the oil price appears now to be relentless. this is why Trafigura and other major players are calling $100 oil. for countries like Nigeria, which are less concerned by the climate aspects of ESG, this is a boon as indeed it is for existing regional oil players like San Leon and its Nigerian partner Jite Okoloko. the Nigerian government clearly wants to encourage more investment by the likes of us. this will be a significant driver in the rto negotiations imo.
Fri 11 Jun 2021 12.07 EDT
"Oil demand is expected to bounce back by 5.4m barrels a day this year, one of the fastest climbs on record, and by a further 3.1m in 2022, pushing consumption of crude above 100m for the first time by the end of next year, the IEA said."
and it only be dun now because no one want stinky oil anymore.
no good bolting gate after horse has run away.
Leaders agreed earlier this year to sweeten the terms for oil companies in an effort to attract much-needed investment in an era of shrinking global cash for fossil fuel production.
so this not realy signed off yet then.
a project that has been in the works for two decades one step closer to presidential sign-off.
Yes, good news indeed - "This will help oil companies to collect money owed by NNPC".
'Why would you not talk about Nigeria??
This is the SLE board'.
sorry bout this, arsenal, looks like i brought in a virus from another board!
Exellent news sorry for the reprint Alaric.
www.reuters.com/world/africa/nigerian-parliament-set-vote-petroleum-overhaul-bill-2021-07-01/?rpc=401&
July 1, 20217:36 PM BSTLast Updated 38 minutes ago
AfricaNigerian lawmakers pass historic oil overhaul bill
apologies, arsenal. I missed the 'not' in your post. Back down to one troll tony
well, make that 2 trolls. you been hanging out in shady 'jurisdictions' again?
All - do you have your very own troll? Tony - do you know what jurisdiction means?
tony
Why would you not talk about Nigeria??
This is the SLE board
Yes Alaric, very nice - pity your talking about Nigeria. Well at least its a step up in terms of jurisdiction to some of your other holdings!
here it is again. this is what we should be focussing on and discussing
https://www.proactiveinvestors.co.uk/companies/news/947143/san-leon-energy-oml-18-a-springboard-for-greater-growth-947143.html/long
Afamefuna I could write off my entire stake in company without impacting my liquidity or capital as holding is small relative to overall portfolio at under 5% so not that worried about being locked for a few months.
Let’s see what happens.
Oil prices are strong at present and believe this will help drive cash flow and value to this stock.
Cant wait to see if Simon Thompson comments.
thea. i so glad you see it as patronising aswell as me. i cut and paste it from alrics post from sat at 6.09. it was just mesage talking to alrik with his own words. sorry if it any offence to you. that not ment at all. and i did say thank you but not with exact words for you simple explunashun you just spoil it with 2bit comment.
gess we see you a lot here now soon as we wait for getting back to busines. last time shares suspended for about 5 or 6 month at least. then there was no deal done. wonder what happen this time. are you ok with be stuck with your capital held up for that long if it happen.
good luck thea
the trolls on this board don't ever admit to being wrong ( which they have been consistently on numerous topics over time). nor do they respond to research by Zac Phillips, who represents a kind of anti-christ figure for them. that's because he is a well respected oil and gas sector analyst who has followed san leon closely over the last 5 years and bases his analysis on thorough research and actual fact.
Afamefuna
Shame you can’t admit I was right.
Since you patronised people in your original comment, I thought I would respond in a similar vein.
well put Theanalyzer. unfortunately your references to concepts like 'pricing of the rto shares' and 'value of the assets acquired ' are pretty advanced, so will be beyond the comprehension of the nursery class.
mr anulyzer i thought for moment you give me civilized response but hey ho you prove no good with need resort to 2bit insult.
thank for your simple explunashun all same. was best so far just let down by 2bit.
indeed sam, nor does it include the rto of course. i believe, if this happens, not only will it position san leon brilliantly as a regional specialist to benefit from the exciting opportunities for growth in the niger delta but will also immediately and significantly be value accretive in its own right