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San Leon Share Chat (SLE)



Share Price: 29.125Bid: 28.00Ask: 29.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.75Spread as %: 6.25%Open: 29.125High: 0.00Low: 0.00Yesterday’s Close: 29.125


Share Discussion for San Leon


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Timbremner
Posts: 30
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
RE: what s a SPV used for?
Today 13:50
only tangled and complex for those with limited cerebral ability I guess.

i think it would be very worrying for SLE if they had bought into a venture in Kurdistan were the KRG is not paying the operators their full dues - however Nigeria, for all its faults, has had a functioning oil industry for many years that has had issues but continues to function - and operators continue to be paid. This current spate of sabotage will last a bit and then disappear as these things do and then there will be some other issue - but Nigeria will still pump and export oil and operators will still get paid and the informal economy and the informal wealth redistribution will continue....

yawn - it would be great if you could post something relevant and interesting, but perhaps a challenge too far.
 
Callasjunkie
Posts: 164
Off Topic
Opinion:No Opinion
Price:29.125
RE: what s a SPV used for?
Today 10:51
Hi Honest, its not a Nigerian company....its registered in Mauritius as I posted before. O what a tangled web .......
honestsid
Posts: 864
Question
Opinion:No Opinion
Price:29.125
RE: what s a SPV used for?
Today 10:20
I wonder how NIGERIAN SPV's work?
honestsid
Posts: 864
Off Topic
Opinion:No Opinion
Price:29.125
RE: what s a SPV used for?
Today 10:15
Thanks for reminding us about Eroton smithy, perhaps I was wrong about you..... perhaps.
honestsid
Posts: 864
Research
Opinion:No Opinion
Price:29.125
RE: what s a SPV used for?
Today 10:13
and from investopidia

"corporation can use such a vehicle to finance a large project without putting the entire firm at risk. Problem is, due to accounting loopholes, these vehicles became a way for CFOs to hide debt. Essentially, it looks like the company doesn't have a liability when they really do. As we saw with the Enron bankruptcy, if things go wrong, the results can be devastating."

Read more: Special Purpose Vehicle/Entity (SPV/SPE) Definition | Investopedia http://www.investopedia.com/terms/s/spv.asp#ixzz4A82UUnSZ
Follow us: Investopedia on Facebook
honestsid
Posts: 864
Research
Opinion:No Opinion
Price:29.125
what s a SPV used for?
Today 10:11
smithy, yes Eroton is a special purpose vehicle as such you wont hear much from them, they dont need to report much.

Wikipedia states the following about an SPV.

"They are also commonly used to hide debt (inflating profits), hide ownership, and obscure relationships between different entities which are in fact related to each other (see Enron)."

Of course I am not implying anything whatsoever, just pointing out the wikipedia entry.
smithy91
Posts: 316
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
No probs dishonest
Sun 18:13
Sle have annouced an increase from February from 29,000bpd to 50,000bpd + 50mmcfd of gas.

That's about 100/ more! And all you can crow about is what?, nothing from Eroton which makes your post. Well nothing , non holders eh!
honestsid
Posts: 864
Answer
Opinion:No Opinion
Price:29.125
RE: Nigeria
Sun 16:28
I guess Astroturfing Team Rampitup will be out soon applying some gaffa tape to cover up the problem, you know, fix the leaks.

I wouldn't worry Mall, it will be fine by Tuesday. They are very good at their job.
smithy91
Posts: 316
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
the link.
Sun 16:09
smithy91
Posts: 316
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
RE: Nigeria
Sun 16:04
Great post from the other side!.

FG, ex-militants agree to end pipeline bombing in Niger Delta
By Seun Opejobi on May 29, 2016

niger-delta-militants

The Special Adviser to the President on Niger Delta matters, Brig-Gen Paul Boroh(rtd) has disclosed that the Federal Government will partner with ex-militants to end the ongoing pipeline vandalism in the Niger Delta region.‎

Boroh, who is the Coordinator of the Amnesty Programme made the disclosure while addressing reporters at the end of a meeting he convened in Benin, the Edo State capital yesterday.

‎He called on the agitators to stop the wanton destruction of oil pipelines and follow the path of dialogue with the government.

According to Boroh, “We have all resolved that we will put our heads and hands and all in all together to prevent the re-occurrence of this type of thing.”‎

“Collectively we (Federal Government and ex-militants) have agreed to work as a team to prevent re-occurrence.

“We feel bad that it is happening, it is affecting our economy and it is affecting development and we are very concern about it.”

He further assured oil companies operating in the region of government’s resolve to ending the attacks on pipelines




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