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"A misogynist(ic) troll who looks like the result of cousins marrying......"? Please leave Prince Andrew out of this - he has been through enough already.
Now go back to your kennel.
---We all know Oisin Fanning is up to something-------------"Get it done"
Oh, and I almost forgot: your posts were taken down because they were the product of a degenerate mind which, when confronted with its own failures and limitations lashes out, looking for anyone other than itself to blame, rationalising away any awfulness in a screed of victimhood, and no other reason. Otherwise, don't be a stranger
Hey, as long as we're sharing: If it looks like the result of cousins marrying, if its sounds like a misogynist troll, it must be a gormless keyboard warrior with nothing better to do than cough up hairballs on message boards. Aaaaah, the classics
It defies sense to not learn anything on this bb and not offer anything intelligent on the bb to hang around on the bb.
Thank you J,
I have finally learnt something of real value on this board - WYKOM is now stored in my collection of Wondrous Phrases of Light Abuse and ready for use. I think I will trial-test it on my wife.
no easy way to say this Eadwig: none gives a monkey's what you are. the context was that we don't want you clogging up this board with irrelevant, longwinded and boring stuff, at a time when san leon has finally got itself into a really interesting place. that's all.
Mary poppins still believes earth is flat. One must move with the times. Wring yer knickers old maid.
Jogoat (WTF....)
You guys still don't get it, do you? Good luck with your unending admiration of, and confidence in, 'good old Oisin'. I suppose Bernie Madoff also had his admirers.
Most of my prior posts mentioning OF (and wimmen) have been removed - the faithful are very protective of their Master. I wonder if this post will survive the day........?
Messaging from financial news increasing wrt investors turning to value shares from growth shares, tech suffering decreasing margin and, a return of interest in oil and gas shares - boded well for SLE who are significantly undervalued, are moving toward paying divs and are looking to exploit further opportunity in Nigeria. So while swan and afake and team have been screaming good old Oisin is quietly positioning SLE to, hopefully be at the front of a recovery. Anyone fancy a wager that SLE SP will be better than TLW SP by end Q2 2020 if not before?
Date ++ Shares ++ Price ++ Total. Running Total*
03. Dec. 91,911 -27.20p £25,250 $1,018,796 Over 50% complete
04. Dec. 90,025 -27.77p £25,250 $?1,051,874
05. Dec. 90,909 -27.50p £25,250 $?1,084,952
06. Dec. 89,831 -27.83p £25,250 $1,118,030
09. Dec. 87,412 -28.60p £25,250 $?1,151,360?
10. Dec. 87,108 -28.70p £25,250 $1,?184,690
?11. Dec. 88,028 -28.40p £25,250 $1,218,020 60% Completed
Total number of Ordinary Shares in issue with voting rights now ?452,?193,414
*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.
Alaric, "Eadwig essentially describes himself as a short term investor"
No I don't. My current interest in SLE is based on a short term trade. That may encompass the whole of your horizon but not mine. I don't describe myself as a short term investor. Someone else here incorrectly described me as a day trader previously, which I am not.
Since the effort to post the link was obviously too painful for BS - nothing whatever to do with the that the fear that somehow, something MIGHT happen to San Leon because of the bad behaviour of others like Shell (!), is all he's really interested in putting out there - I'll do it for him, poor thing:
https://www.theguardian.com/global-development/2019/dec/06/this-place-used-to-be-green-the-brutal-impact-of-oil-in-the-niger-delta
Wait a second.....here's another Guardian headline, but this one's from 2016, on basically the same subject. Sure hope no one saw THIS one so it didn't bring the Niger Delta problems into international focus back then. Or now. You know, 'cause that would so upset super-concerned shareholders like BS
https://www.theguardian.com/global-development/2016/jun/02/niger-delta-oil-spill-clean-up-launched-ogoniland-communities-1bn
Hang on, the Google machine just spit out dozens of environmental impact/oil spill headlines from the Alaskan North Slope to The Gulf of Mexico to the North Sea. Sure hope this doesn't get out otherwise BlackSwan's Christmas cheer could be ruined fake-worrying about the shareholders of pretty much every listed oil and gas explorer on earth. I know! In the spirit of the season, I won't post the URLs so he can better enjoy this joyous time of year, intrepid, selfless soul that he is.
yeah, you're a regular humanitarian
Niger Delta - OOh dear - Guardian newspaper - headline news - hope all this isn't going to bring the Niger Delta problems into international focus - hopefully Thunberg hasn't covered the area in her geography lessons yet, we had enough of these type of problems with the Moroccan/West African well-drilling territorial land disputes - won't post the URL because after all Christmas is meant to be a happy time!
such as one can decipher his prolix ramblings on the ii board, Eadwig essentially describes himself as a short term investor who should be gone by the time we get to 35p. so with a fair wind we shouldn't have to put up with his stuff for too much longer now.
Indeed. He with his; you with yours
Date ++ Shares ++ Price ++ Total. Running Total*
18 Oct . 94,482 -26.46p £25,250 $32,572
21 Oct . 29,000 -27.91p .£8,174 $43,199
22 Oct. 89,285 -28.00p £25,250 $75,771
23 Oct. 89,285 -28.00p £25,250 $108,283
24 Oct. 88,192 -28.35p £25,252 $?140,859
25 Oct. --------- --------- £--------- $140,859
28 Oct. 87,719 -28.50p £25,250 $173,178
29 Oct. 87,719 -28.50p £25,250 $205,750 10% completed
30 Oct. 87,719 -28.50p £25,250 $?238,322
31 Oct. 87,719 -28.50p £25,250 $270,895
01 Nov. 88,967 -28.10p £25,250 $303,467
04 Nov. 89,285 -28.00p £25,250 $336,040
05 Nov. 92,165 -27.125p £25,250 $368,612
06 Nov. 92,592 -27.00p £25,250 $401,184 20% Completed
07 Nov. 90,909 -27.50p £25,250 $433,504
08. Nov. 91,274 -27.39p £25,250 $?465,824
11. Nov. 91,274 -27.39p £25,250 $?498,144 25% Completed
12. Nov. 91,274 -27.39p £25,250 $530,464
13. Nov. 91,575, -27.30p £25,250 $?562,784
14. Nov. 93,283 -26.30p £25,250 $595,104 30% completed
15. Nov. 92,250 -27.10p £25,250 $627,677
18. Nov. 94,339 -26.50p £25,250 $660,502 1/3rd completed
19. Nov. 95,419 -26.20p £25,250 $693,074
20. Nov. 97,656 -25.60p £25,250 $725,646
21. Nov. 97,276 -25.70p £25,250 $758,215
22. Nov. 98,039 -25.50p £25,250 $790,535
25. Nov. 96,153 -26.00p £25,250 $823,107 approx 41% completed
26. Nov. 95,419 -26.20p £25,250 $855,680
27. Nov. 97,513 -25.64p £25,250 $888,252
28. Nov. 97,656 -25.60p £25,250 $920,826
29. Nov. 94,768 -26.38p £25,250 $?953,399
02. Dec. 93,283 -26.80p £25,250 $985,971
03. Dec. 91,911 @27.20p £25,250 $1,018,796 Over 50% complete
Over 50% through, I’m still predicting the buyback to complete in w/e 17th Jan. Yesterday saw the highest price paid for the buyback for 3 weeks. It might quickly jump back to over @28p if the sellers stay away. Good luck all.
Total number of Ordinary Shares in issue with voting rights now ?452,726,727
?2,800,918? shares have been bought and cancelled.
*Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.
holdings RNS tomorrow could be interesting.
Yes Mclean------couldn't agree more.
Of course it is Mclean. BS just can't help himself. Scorpion's gotta sting and all that......But here's the (real) thing: first half of 2020, first half of the century, it matters less and less. The pipeline and the fso are fully funded and are now fully on track to deliver a engineering solution to Eroton's O&G business - guaranteed to significantly improve cash flow before ANY new drilling - which is going to happen. Period. This isn't in dispute, and because it is largely independent of outside factors, the principals (and the market if it cared to listen) can very safely assume now that if there are any delays going forward, they will very likely be technical in nature and therefore of little consequence to the value of the asset or the company at present. Now that may not be enough in this appalling market [note: this is where being smarter than a chicken definitely comes in handy], but because there is so much imbedded value in sle's share price - with a material portion of that value in cash and cash receivables - the imminence of the new evacuation infrastructure (and new drilling don't forget) is so dramatically increasing the value of the overall OML18 asset at the same time, that the incentives to leverage and ultimately realise that cascade of value are becoming irresistible. In the meantime I think that, while the drifting share price is painfully frustrating, this buyback period is not only helping a year-end tax loss/margin-pressured seller to reduce efficiently, but it is also allowing a smart buyer or buyers to build a position outside the company's buying.
ha - good to see someone really is paying attention, thanks mclean.
Alaric - well done - nice to see you've been paying attention - so the second half of 2020 it is, inshalla!
... to remind from our last report and it looks like our converted FSO is very much on schedule for delivery soon off the Niger Delta:
'The poor third party performance in the export system is expected to be resolved by the implementation of the new alternative crude oil evacuation and storage system ("ACOES") for the purpose of transporting, storing and evacuating crude oil from OML 18 export pipeline ("Pipeline") running from within the OML 18 acreage and down to the open sea to a dedicated Floating Storage and Offloading ("FSO") vessel.
· Eroton informs the Company that it has concluded and executed an agreement with Energy Link Infrastructure (Malta) Limited ("ELI"), for ELI to finance and construct the ACOES. The FSO ("ELI Akaso") has been procured and the required conversion works completed, and is currently being fitted with a LACT unit in Malaysia while awaiting final certification by the Nigerian Department of Petroleum Resources. The FSO is expected to set sail for Nigeria in November 2019. Work on the pipeline system is ongoing and the expectation is that the completed ACOES system will be commissioned in the second quarter of 2020. Once commissioned, the system is expected by Eroton to reduce the downtime and allocated pipeline losses currently associated with the Nembe Creek Trunk Line ("NCTL"), which were responsible for the majority of the 15,000 bopd difference between gross production when the pipeline is running, and average sales oil. In addition, it is anticipated that the FSO project will improve overall well uptime.'
there seems to be confusion (created deliberately by some of our resident trolls and indeed by the poster formerly known as 'resident bore') about the new ACOES currently being prepared for OML18. to remind ACOES is Alternative Crude Oil Export System. it will comprise in a new dedicated and secure pipeline for OML18, which runs out of the delta a short distance to sea to an FSO (floating storage and offloading). such systems are very well known and widely used. typically older VLCCs (very large crude carriers) are ideally used for the fso. obviously they first have to be refurbished and converted for use as an fso. given the current poor performance of the NCTL and the level of losses, such a system is ideal for OML18 and should transform the fortunes of the field. the company has told us it expects losses to be virtually eliminated.