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Good for at least a guinea within a week of recommencement I'd wager Dogsinbrazil.
you're absolutely right to keep the champagne on ice for now redeyemines, as we don't know the detail of the rto deal yet or even if it will happen for sure. i think it will and on decent terms because, aside from any natural affinity between Oisin and Jite (and lest we forget Jite was only able to finance his acquisition of the interest in OML18 with Oisin's support backed by Martin Hughes' financial muscle), this deal will be good for both parties. Jite is a highly motivated man on a mission in modern Nigeria and Oisin is a consummate deal maker. Oisin has already shown that his London connections can deliver for Jite but a listing on the LSE puts Jite into the big time.
It's going to be a large slice redeyemines as sle state this.
"become the largest shareholder of the Alternative Crude Oil Evacuation System ("ACOES") project which is intended to transport, store and evacuate crude oil from the OML 18"
Also we have a nice piece of the action of Oza, great news ahead I feel.
You ramping again Alaric ----lol----
-With Mart Western being one of the original JV partners in ELI, i wonder how much of it they actually own and how much is going to be transferred to SLE as part of this RTO. (I did try asking both SLE and MW, but of course I didn't get the numbers).
-Apart from the oil through put, and resulting sales that will generate the cash for Ereton, the handling fee of about $5 on every barrel of oil that passes through the pipeline, (whether it comes from Ereton or others), will be "money for nothing", and SLE will be taking a huge chunk (if not all ???) of it.
-Lots of things need answering before we can get too excited, so i'm waiting for the details before I open the Champagne.-------I can foresee a few shortish term problems in the first couple of years, but if SLE (Oisin Fanning) has been as smart as I think he is, then the answers should all be there in the first RNS.
-Lets wait and see.
-
-GLA
btw bonny light broke 90 bucks yesterday for the first time
first time here Dogs? doesn't seem like your typical area of interest but, if genuine, welcome to the board. and if the rto closes here soon and they announce the opening of the new pipeline simultaneously, as i hope and reasonably expect to be the case, the true value of San Leon’s assets should reflect in an SP way higher than 70p. the oil price is only one of the factors involved, albeit an important one since the company invested in this world class former Shell operated field when Bonny was trading at $26. the other key factors are that the company would now be fully funded to develop the field up to its 100,000 + bopd potential and eradicate the former oil losses through its new secure dedicated ACOES (pipeline out to sea and FSO, allowing market tankers to onload oil safely. if you want to ask more please feel free.
Surely if its that level when we trade again the share price got to be the 60p to 70p range
Been watching that all along-----It's like all of our planets are aligned.---Just need to open the pipe line, and watch the $'s start pumping through.
i see bonny light broke 88 bucks yesterday
oh you're such a funny man BS. not. the problem you have is you fail to engage with the serious underlying point being made. so you make your snide insinuation (here that the oil may not flow) and then fail to address my debunking of that as arrant nonsense. you're not very good at this are you?
Alaric - Yes good suggestion would you like me to make a reservation for you as well if nothing happens after Feb this year - no wait given all your tranquil positive postings over the years on many boards concerning SLE you must surely already be a full time resident of some ayurvedic centre or other most likely in Sussex, UK.
omg BS have you just spotted the elephant in the room? if OML18 doesn't flow there won't be any oilfield revenues!! and even though it's a world class oil field and they've just spent a shed load building a new dedicated pipeline to deliver the oil to an eager market...you know what you should do BS? write to Afreximbank, copy Martin Hughes, Jite Okoloko and Oisin Fanning and tell them what you've discovered in your expert opinion and that they've all missed in various due diligence. then you should book yourself into an ayurvedic retreat in the foothills of the Himalayas for a complete rest. you owe it to yourself and one imagines that Afreximbank will be so pleased that you saved them from flushing $750m down the toilet that they'll offer to pay for all your treatments. btw remember to chant Om as it will help bring out your inner self and anyway completes the look as it were
Alaric - Yes indeed $26 to $86 - I Iike your last comment food for thought - if only we could get this OML18 oil flowing!
last reported price of Bonny Light crude was $86.55. when Oisin put San Leon into OML18 in 2016, it was trading around 26 bucks a barrel. just do the math