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Market analyst Rajan Dhall talks about the financial market Watch here

Market analyst Rajan Dhall talks about the financial market


San Leon Share Chat (SLE)



Share Price: 31.75Bid: 31.50Ask: 31.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.25Spread as %: 0.79%Open: 32.50High: 32.50Low: 31.75Yesterday’s Close: 31.75


Share Discussion for San Leon


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BlackSwan
Posts: 491
Observation
Opinion:Buy
Price:31.75
RE: "Robbing Peter to pay Paul?"
Sat 09:56
Peter and Paul's money coming as I commented previously on the 17th would be made not with real money but with the issuing of shares in this case going to Yorkville and not to Avobone - guess Avobone wouldn't have accepted SLE shares anyway after their dealings with OF and the Polish debacle.

What must Tosca be thinking now - it's a race between falling oil prices with Opec/Saudi and or a local war with Iran/Saudi which would close the Arabian gulf oil transit route which would indirectly benefit our unrestricted open access transit of oil from Nigerian oil sources, providing the Niger Delta Avengers agree, ill winds and all that?
 
BlackSwan
Posts: 491
Observation
Opinion:Buy
Price:31.75
RE: "Robbing Peter to pay Paul?"
Sat 06:50
Thanks - well found.
quelfromage1
Posts: 364
Off Topic
Opinion:No Opinion
Price:31.75
RE: Re trades
Fri 21:17
Well a couple more big trades. Added together and if they continue massive may become tbe right word!
Callasjunkie
Posts: 252
Off Topic
Opinion:No Opinion
Price:31.75
RE: "Robbing Peter to pay Paul?"
Fri 17:43
Thanks Cruncher and QF.
cruncher1
Posts: 45
Off Topic
Opinion:No Opinion
Price:32.00
RE: "Robbing Peter to pay Paul?"
Fri 15:54
From SLE's 2013 annual report:
San Leon has entered into a Standby Equity Distribution Agreement (“SEDA”) with YA Global Master SPV Ltd (“Yorkville”), an investment fund managed by Yorkville Advisors LLC, for a GBP15 million equity line of credit. Under the terms of the agreement San Leon may draw down funds from time to time, at its sole discretion, in exchange for the issue of new shares in the capital of the Company. The term of this facility has been extended to 31 October 2014. The shares issued by the Company will be priced at a 6% discount to the prevailing market price at the time of the draw down. The Company may also set a minimum price for each draw down to ensure the Company receives an acceptable price. No draw down of funds has occurred to date on this facility.
An unsigned Term Sheet for a Fixed Schedule Equity Funding Agreement between the Company and Yorkville provides the Group with a debt facility of Stg£21m accessible over a 30 month period from August 2014. This Term Sheet modifies the existing Standby Equity Distribution Agreement with Yorkville, which remains in effect.

The 2015 annual report states:
San Leon has entered into a Standby Equity Distribution Agreement (“SEDA”) with YA Global Master SPV Ltd (“Yorkville”), an investment fund managed by Yorkville Advisors LLC, for a GBP15 million equity line of credit. Under the terms of the agreement San Leon may draw down funds from time to time, at its sole discretion, in exchange for the issue of new shares in the capital of the Company. The term of this facility has been extended to 30 November 2017. The shares issued by the company will be priced at a 6% discount to the prevailing market price at the time of the draw down. The company may also set a minimum price for each draw down to ensure the company receives an acceptable price. No draw down of funds has occurred to date on this facility.
The1970s
Posts: 18
Off Topic
Opinion:No Opinion
Price:32.50
Maybe no robbing required
Fri 14:28
From DailyPost

We have paid N450bn debt we owe federal government – NNPC June 22, 2017

The Nigerian National Petroleum Corporation (NNPC) has said it has paid a N450 billion debt it owed the Federal Government.

According to its April 2017 Monthly Financial and Operations Report, released yesterday, the NNPC said the last tranche of the sum was paid in March 2017, after paying N6.33 billion on a monthly basis over several months.

To this end, the NNPC said it transferred N95.56 billion into the Federation Account during the month under review from the net domestic crude oil and gas receipt, including gas receipts of N2.23 billion.

The Federation Accounts Allocation Committee (FAAC) had in September 2011, resolved that the NNPC should refund over N450 billion in 32 installments after the NNPC said it withheld the money that should have been paid into the Federation Account as stipulated by law.

Furthermore, the April 2017 financials noted that NNPC’s receipts from domestic crude oil and gas in the month of April stood at N142.09 billion, consisting of receipts of N2.23 billion from domestic gas sale and N139.86 billion from domestic crude oil.

The NNPC noted that of its total naira receipt, N46.54 billion was transferred to Joint Venture Cash Call, JVCC, being a first line charge and to guarantee continuous flow of revenue stream to Federation Account.

On the other hand, the report stated that the NNPC recorded total export proceeds of $142.12 million in April 2017 as receipt against $404.55 million in March 2017.

According to the report, contribution from crude oil amounted to $71.81 million, while gas and miscellaneous receipt stood at $70.29 million and $0.013 million respectively.

The report, however, stated that the NNPC remitted the total export proceeds receipt of $142.12 million to fund the JV cash call for the month of April 2017 to guarantee current and future production.

It further stated that total export crude oil & gas receipt for the period of April, 2016 to April 2017 stood at $2.50 billion.

Furthermore, the NNPC said it recorded operating revenue of N327.47 billion in the month of April, compared to N354.65 billion in March; while its operating expenditure stood at N326.88 billion, dropping from N360.19 billion recorded in March.

To this end, the report said: “The April 2017 report indicated a trading deficit of N5.27 billion, representing 6.20 per cent decrease in deficit compared to the previous month’s deficit of N5.62 billion.

“This decrease in the deficit is mainly attributed to the decrease in NPMC/NPSC/ML expenses relatively, although depleted by lower Nigerian Petroleum Development Company (NPDC) and revenue.”
quelfromage1
Posts: 364
Off Topic
Opinion:No Opinion
Price:32.50
RE: "Robbing Peter to pay Paul?"
Fri 14:13
CJ, Found something here from 2010
http://www.sanleonenergy.com/investors/regulatory-news-service-(rns)/2010/november/1/san-leon-energy-plc-placing,-equity-line-agreement,-loan-facility-.aspx
Maybe 2013 was an update buried in an annual report?
QF
Callasjunkie
Posts: 252
Off Topic
Opinion:No Opinion
Price:32.50
RE: "Robbing Peter to pay Paul?"
Fri 10:54
I had a look back at the RNSs following the date of the SEDA agreement on 18 April 2013 and found nothing. Also had a quick look at results announcement in June 2013 and found nothing. Does anyone know if SLE put out any previous announcement on the SEDA, and if so, where?
frus
Posts: 1,902
Off Topic
Opinion:No Opinion
Price:33.00
Re trades
Thu 22:45
So no one is buying on a massive scale its just delayed trades from Monday.....Tomorrow is Friday? Can anyone say what the value of these trades were as the sp doesn't seem to recognise them.
fracker silence from management has never been golden. Its usually followed by the announcement that our game changer has failed, due to no fault of SLE and that we now have a new bigger and better game changer. Check out the RNS I'm not making it up....In fact I doubt anyone COULD make up a story like SLE...Funny as I was writing this I found myself singing that great Stones song ( Well this could be the last time, this could be the last time, I don't know)
SloppyJoe
Posts: 4,324
Off Topic
Opinion:No Opinion
Price:32.50
RE: Trades
Thu 14:46
The delayed trades from Monday are plain for all to see.

A bit confused by anyone denying their existence - Just a simple observation.




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