Could it be PGNiG who are sniffing at SLE's Polish assets? Why farm in when you can buy the whole company? They certainly have deep enough coffers. Rawicz and Siekierki near term production, Lewino huge potential....they could asset strip and sell the other assets....would be tempting. Would Tosca welcome it and if so at what level?
Energy security moving up the agenda: http://www.politico.eu/article/epp-energy-security-russia-poland/
What I meant to say was "this bb is great and admin do a great job". Thanks for deleting my previous error.
How long has Hargreaves Lansdowne had SLE down as 'Bid Situation'? Anyone noticed?
Grease and Oil
Nothing overlooked - would you buy a supermarket chain with its outlets located in low density populated areas - every business in most sectors is trying to locate the most prospective areas to get more bang for its buck. One thing about oil and gas though it's value is geologically locked, in fact it's quite simpler than retail whereby value shifts with preferences to buy and influenced by demographics, cultural influences, affluence, tastes and fashions. So which area do you think SLE has which can fill up a trolley or two? Let's face it since its foundation in 2005 how many barrels of oil has it turned over on the market - yep, slightly fewer than my local corner shop. Will it ever roll out the super extra virgin? Well, maybe in the penthouse suite of the herbridge hotel this September.
We all have our mindsets - I interpreted this guys BB name as a slang version of " in the money" - Quidsin - the majority of Quidsin comments are disturbingly well reasoned,logical and certainly well presented considering the events that have occurred over the years - for many of us including myself it has been financially ruinous - however what Quidsin does seems to have overlooked is that SLE is an oil exploration company and not a supermarket chain i.e. a company that by it's very nature depends on surveying "possible" sources of oil and gas for high reward in areas of complex and relatively unknown geographical zones/stratas "high stakes gambling if you will", the discovery of which is followed by complex and drawn out negotiations. Since it's inception SLE seems to have been set up and operated as a Fund of Funds type of oil conglomerate with a bankers view of safe revenue being realised as a percentage on businesses they "participate" in rather than a company specializing as an oil company per se - given that is true I don't see any reason why Tosca or others would wish to take over the company but I rather expect business to continue as usual farming in partners big and small in order to achieve their ambitious organizational and financial objectives... Quidsin correctly points out money is required to keep the explanations moving forward and it is only the fact that SLE is well backed by major capital fund organisations that allow me to further extend my patience with the company as it struggles to realise income it's substantial assets.
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