Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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gas n oil will stay in ground. times is change rapid now all round word. pipe gas to europe wast of muney so wont get dun.
it just a pipe dream. lol
The government has announced that by 2025, all new homes will be banned from installing gas and oil boilers and will instead be heated by low-carbon alternatives.
https://leadership.ng/morocco-to-build-new-infrastructure-for-nigerias-gas-delivery-project/
??
That must have hurt for you to have the truth removed junkie, on advfn you state you are a non holder, so why your beef! And why have my post removed which you state categorically on another platform owned by lse or visa aversa you are not a shareholder of sle!!!!.......
Next quarterly filing deadline - 29 November.
Should be be interesting.
Decklar For those who are interested:
https://www.decklarresources.com/news/decklar-resources-inc-announces-closing-of-share-purchase-agreement-to-participate-in-the-asaramatoru-field
employing barges they could use Eli Akaso as the previous owners used barges to export from the asaramatoru field (OML 11)
SLE still at the wavered - Midwestern or conditional - OZA phase of development - onward and hopefully upward!
CALGARY, Alberta, Nov. 02, 2021 (GLOBE NEWSWIRE) -- Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DLKRF) (FSE: A1U1) (the “Company” or “Decklar”) announces final completion operations for the Oza-1 well re-entry.
Completion operations have now concluded at the Oza-1 well. The final completion has been installed in the Oza-1 well, which has a single 2 7/8 inch tubing string, with a selective zone sliding sleeve configuration. This design will initially be configured to allow for production from the L2.6 sand, which as previously announced had tested at a stabilized flow rate of 2,463 barrels of oil per day of 22 degree API sweet crude oil on a 32/64 inch choke setting and flowing tubing head pressure of 450 psig over the testing period with less than 0.05% basic sediment and water and no gas production.
Logistics and export activities for the Oza-1 well are being finalized, at which point, the well will commence commercial oil production.
not look good. purhaps samaric could tell how much 7.193 million barrels of oil loss ids wurth. theft terorists leaky pipe bad infrustructshure is always Nigeria.
hey when we open again peoples need there money back for Christmas soon. lol
Nigeria/Eroton had a significant reduction in oil output over the last reporting period.
"This Day" a Nigerian newspaper has a lengthy article concerning the reasons for the reduction.
Reference: https://allafrica.com/stories/202110050617.html
Extract: "This Day" - Abuja — The seeming wastage of Nigeria's most prized natural resource, crude oil, continued in July, with the country losing a humongous 7.193 million barrels of the commodity to mainly deteriorating facilities at the country's offshore and shallow waters assets. It was the highest loss in months mostly as a result of shut-ins due to incessant repairs as well as to a lesser extent, disruptions arising from community workers' protests and fire incidents.
At the official exchange rate of N410 to $1, the loss would amount to about N221 billion or $539.4 million.
At a time Nigeria desperately needs every dollar, the continued monthly losses were seen as a direct leakage on the country's economy.
other key passages below from the link I posted. from these you can see more clearly the environment that San leon is now operating in in the Niger Delta where Shell (historically the major with the biggest investments here) has been much impacted by ESG agendas and imagine the opportunities that may open up. it is particularly pertinent that we have been mainly supported in our Niger Delta strategy by a London hedge fund (Tosca) and that our chairman is a recent past head of Shell Nigeria
“They [big institutional investors] are all so keen to get rid of oil assets, they’re leaving fantastic returns on the table,” added Odey, whose European fund is up more than 100 per cent so far this year. The company has been building its position in oil and gas stocks this year and has sizeable stakes in groups including Norwegian oil company Aker BP, whose shares are up about 43 per cent, and Asia-Pacific-focused producer Jadestone Energy, up 44 per cent. Odey said he had also been providing financing for unlisted vehicles that are being set up by commodities companies specifically to buy up unwanted assets being sold off by the oil majors. The move away from fossil fuels by big institutions has often left hedge funds, which face fewer pressures to conform to ESG norms than mainstream fund companies, among the only buyers.
“The ESG guys are causing terrible problems,” said Odey. “They’re ensuring price rises are not met by supply.” Another European-based manager said moves by big investors to stop backing fossil fuel companies may be “counterproductive”, adding that the sector offers a “huge investment opportunity” for their fund.
Alaric - Interesting - extract worthwhile to note:
"Companies often use their revenues from oil and gas to fund a transition to cleaner energy, say hedge fund managers, and halting investment into these stocks hurts this process".
indeed sam, we seem to have gone from the most unloved sector to the best performing one in a trice. that's what value investing is all about though.
hTTps://www.ft.com/content/ed11c971-be02-47dc-875b-90762b35080e?shareType=nongift
bluerill pleeze pas on congratulashuns to your friend lisa our old Chief Financial Officer and Executive Director on new apointmunt. she found new job after only 3 munth of leavin the red lion behind her.
but the red lion not got much of it oil to market yet so wont help us. price be gone down by time ship and pipe line sorted. lol
Very interesting article Alaric, many thanks for the link
SLE eventually got around to informing us - it's noted that Decklar reporting is informative as opposed to what we have had on OML18 where we seem to have stopped "dragging" the rig to a new location. If Decklar doesn't eventually run into "the Nigerian problems" and continues to successfully progress in the market maybe we could sell our OML 18 assets back to Midwestern and move in another direction outrageous thought I know but I do get rather irritated with management when it has taken nearly two years to start exporting oil out of OML18 by barge to Eli Akaso - the good news is that Fleetmon now displays the vessel on their shipping location maps as an actual FSO and not as it had been displayed for over a year as scrapped.
https://uk.advfn.com/stock-market/london/san-leon-energy-SLE/share-news/San-Leon-Energy-PLC-Update-on-investment-in-Oza-Fi/86340982?xref=newsalert
'Today's posts have hardly helped clarify the situation.' ah dogsbody - you said it not me! : -) - that's because you read posts by avatars on this board with a long and sad history of pursuing their own twisted agendas which fail to be supported by facts: follow their path to perdition if you will. alternatively you could bother to attempt an analysis of the fundamentals but that does involve studying the facts. we will surely come out of suspension, when and on what terms, none of us yet knows. my guess is before Xmas and with the rto announced. the reason for my confidence is that a 'merger' deal suits all parties, Oisin, Martin Hughes and Jite and would give a newly empowered San Leon the impetus and means to take advantage of the amazing opportunities now appearing in the Niger Delta against a high oilprice backdrop. to remind bonny light is today trading around $85 a barrel: when Oisin rolled Tosca and us into the OML18 deal 5 years ago it was $27 a barrel. if the rto doesn't happen for any reason, i will be disappointed but we will still be in remarkably good shape. so caniscorpus how exactly do you envisage the pi's getting screwed here? to remind again - Tosca (run by Martin Hughes) still owns over 72% of the company. next is Midwestern (Jite Okoloku) with nearly 14% and Oisin personally with 9.5m shares at 2.1%. so that looks like pretty decent alignment with shareholders' interests in my book. what's your precise issue here?
Looking again, I'm not sure if oil goes into the NCTL pipeline or Shell's alternative line. Still question marks re Bonny.
Sounds positive. No mention of contractual status with Aiteo re pipeline or Shell re Bonny. The Oza crude is Heavy (20-22 API) feeding into a defined grade of Bonny Light crude (32.9 API). I don't know what the operating/contractual implications of this are, but the Decklar news item might have mentioned. At least the Oza crude is sweet. As long as there are no operational issues, the discount for light to heavy crudes is not huge.
Production very soon .Oza
Today's posts have hardly helped clarify the situation. The current position is set out in six posts for Sept and Oct 2021 on the London Stock Exchange website. Sadly for mortals like me these six posts are beyond comprehension. It looks to me that as usual p.i.'s are going to be ripped off. I have only a few thousand invested here and can't wait to get finality even if it means losing the lot.
obritomf it was 7 munth suspenshun last time san leon did revurse take over talks with midwest.
include this time revurse take over talks with midwest have stop genuine investur from selling for about a year.
last time came to nutting. this time we see in a few munths if luck with us.
https://www.energy-pedia.com/news/general/san-leon-energy-announces-termination-of-takeover-discussions-and-resumption-of-trading-in-its-ordinary-shares-173409