And e close with more buys than sells. Gasp! Does this mean the world is not going to end? But Kwid et al said the end is nigh. Even with this unforeseen court ruling the SP is STILL higher than Kwids prediction at the end of last week, talk about our own mystic meg, more like septic peg!
I undetstand if you think £13M is just a sideshow or a mere trivia topic for the organisation as after all the pistons are firing at full speed and drilling activity is flourishing in Rawicz and Barryroe. Somebody even told me they even built a pipeline in Turkey paid for advance gas contracts.
Completing the circle - let's see what happens to companies that trys to do a runner from its debt obligations. .... A pecularity emerges in that Fanning and Mckeon have a brotherly habit of getting hit by the same sort of misadventure. maybe they were behind the bike sheds when the lesson on due diligence got taught.
While we are on the subject of debts - wonder which other companies are trying to chase down missed invoices for services as OLDGEO informed us. Maybe it's time to draw down money's owed from ardilaun/diamond dogs.
and they are to appeal!! the loan was for 791k euros for 1 well.. would you cough up 13mill then for 1 well ct or would you appeal!..apart from plop yourself I think you would appeal too... and sle are to appeal without the need to plop! as no way will the court order that amount for small loan....that's extortion..
move on follower of doom posts..it wont effect siekierki or rawicz which in a years time will be up and running along with the sp!!
not so bad news yet!! as the final decision hasn't been made and that wont be for another 9 months to a year in the future!!..
by then sle may have some or part of the gas sold as there are companies out there who buy gas inadvance once proven!!
the Rawicz Gas field for Palomar Natural Resources (“PNR”), the operator. Ryder Scott has issued an estimate of the gross Proved plus Probable (2P) reserves for the Rawicz field of 50.3 billion cubic feet (Bcf) based upon a five-well development plan (including the Rawicz-12 well). Both San Leon and PNR expect to move reserves to Proved (1P) based upon a signed gas contract, which is currently under negotiation.
"Both San Leon and PNR expect to move reserves to Proved (1P) based upon a signed gas contract, which is currently under negotiation."
PNR, together with the Company, is currently in the advanced stages of the planning and design of several development scenarios focused on bringing gas online in early 2016. A development plan will be submitted to the Polish regulators, based on the CPR. The current development plan is based upon building a scalable central processing facility to handle the gas production from adjacent prospects on the Rawicz Concession, which PNR estimates to be in excess of 100 Bcf.
this what is going to happen... .................................................................................................................................. avobone when the appeal is heard in the UK may not get anything but a fraction of the amount..but that's not played out for a years time which by then sle could well be on their way........the real news is rawicz not avobone but only fuel for the non holders to gloat at..which is strange as chart trader/ct says he aint got a prob with sle!!.....think you have!!
Blah blah blah - your struggling fella and it's showing - I gotta laugh your giving yourself twisted blood and yet the buys are coming thick and fast - did your boss give you and end SP and you can't meet it - chop time !!
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