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Started: quelfromage1, 19 Jun 2024 10:58
Last post: quelfromage1, 19 Jun 2024 10:58
"expects to announce further details within the next two weeks."
I guess no one here expected this stupid, pointless statement to be fulfilled and so it has come to pass ...
Started: Naibob, 31 May 2024 12:54
Last post: BlackSwan, 15 Jun 2024 09:44
The comments on the board do make me smile, even though regrettably I am a still a genuine shareholder, the comments amount to only so much pseudo intellectual waffle while Rome burns - Nigeria doesn't even have enough surplus oil to run its refurbished Port Harcourt and its new Dangote refinery in Lagos it's having to import oil from the US. God knows what condition the well heads are in on OML18.
Here is a long read for the summer it describes the situation we have been facing over the last years it says it all!
https://punchng.com/economy-suffers-as-illegal-refineries-defy-govt-efforts/
When we think it couldn't get worse it does 😔 https://businessday.ng/energy/article/oil-production-at-risk-as-labour-threatens-shutdown/
Nigeria is the problem - one has to have a certain sympathy for Fanning given the situation that has transpired in Nigeria what with endemic corruption and a country with a basic minimum wage of ukp 16 per month he has got himself/Tosca/us into a business in a country currently verging on a military coup - don't hold onto your breath with this one?
I have been invested here in a small way since the days of Polish fracking …OK, that was a mistake but I did not then realise that this Oisy Fanning fella had previous serious form for seriously messing business up over in Ireland .Now I just cannot follow the convoluted shenanigans here .The Web site refers to World Class Assets and there was chat even of a dividend some months ago ..but to be involved in Oil ( World Class too !) and have the share suspended for nearly a year is now just beyond a joke. Something just ain’t right here ..even criminality comes to mind ?? Not just inept business ! Does anyone understand what is going on ?
"...If, as expected, the Refinancing completes by the end of March 2024...." - RNS 11th March 2024
Another month slides by without anything to update us long suffering shareholders.....quelle surprise
Started: redeyemines, 5 Jun 2024 08:02
Last post: 36800, 15 Jun 2024 09:31
It would appear that the city is also wondering how on earth this most unusual attempt at raising finance will work.
"When Cantillon asked San Leon who was so generous as to provide the use of their bond, or the terms of such an arrangement, or the identity of any possible lenders who would provide loans guaranteed by such a bond, the company was not inclined to be any more forthcoming."
https://www.irishtimes.com/business/2024/06/11/san-leons-curious-german-bond-security/
But surely Alaric, the coupon rate is paid to the bondholder. San Leon states they are a ‘beneficiary’, and the RNS says it will never be the bond owner therefore It will receive no interest or yield. The bond owner seems to be a guarantor for San Leon, offering the security of the bond for San Leon to borrow against? Indeed "we shall see as further details emerge".
Also if you do know of a government bond that yields 20% please let me know, I could retire at 45, which would be nice.
'An investment into a government bond is usually considered low risk but the bond appears to be gambling its backer's money into a very high-risk proposition that no other lender seems prepared to take on without an awful lot of, shall we say, negotiation. Most unusual.'
36800 you don't appear to understand the risk profile of bonds, despite making a supposition based on it. your mistaken impression is that you don't know that bonds are priced with a coupon say 20%. i very much doubt san leon will want to use all of the €500m so imagine we'll use the substantial balance by lending it on quite possibly at a higher coupon which might cover our coupon. another possible bit of good news might be in the deposit that might be payable by Midwestern. we shall see as further details emerge on this excellent news for san leon. i notice unsurprisingly that the trolls without exception have taken a very negative view on our news. plus cą change :-)
I am curious as to exactly what type of “government” bond this is. An investment into a government bond is usually considered low risk but the bond appears to be gambling its backer's money into a very high-risk proposition that no other lender seems prepared to take on without an awful lot of, shall we say, negotiation. Most unusual.
The RNS fails to explain many important details but does state the terms and conditions have not been discussed. It seems, yet again, Oisin Fanning is releasing news based on hope rather than fact and I will be most surprised if we have firm news within the stated two-week time scale. With terms and conditions not even having been discussed, receiving full finance by the end of June seems rather wistful, but follows the form of San Leon Energy's highly optimistic announcements so we shouldn't be surprised if we have no news within the stated time.
RNS - Sounds good, let's hope it all works out - OF working hard using a bond to cover the situational risks - hoping we can all look forward to a successful outcome on 1 OCT 2024 until then best wishes to all genuine shareholders and do have a good summer!
Started: Afamefuna, 11 Jun 2024 09:08
Last post: sam245, 11 Jun 2024 17:25
Don't worry non holder about the loan I'm sure sle are working hard behind the scene to get the ball in motion Dumbo!! You should ask yourself as I do every time you show up with your stupid accusations...where is your assjunkie ?afoney?...tic tock
At this time there can be no certainty that Expected Refinancing will be concluded
says so in the rns. the amazin fannin the finanshul magishun not so optumistic his 5th attemt to cunvince the munny loaners wont jus produse anuther dead rabit frum tired old hat.
no more rabits left if this poor littul skiny last ditch rabit ears drop off.
I don't think we should be celebrating quite yet. Been there too many times before I m afraid.
Let s wait till the end of the month and if the extension deadline scenario repeats itself again then we ll know.
And why didn't he wait until the deal is through and the money hit sle's bank account? What s the rush? Why getting everybody s excited with big headline at the risk of high disappointment later on? That tactic doesn't work. You just wind people up even more. One would think he would have learnt that by now.
Is he buying time but then what for as another setback will only infuriate the creditors further.
If he can pull this off then well done. The good news is we ll know in a couple of weeks time.
Started: Naibob, 5 Jun 2024 20:27
Last post: bullbarz, 6 Jun 2024 10:57
I wouldn't trust OF as far as I could throw him-which wouldn't be far. Too long I've been in this share with more than 95% of its value gone after dilutions and consolidations over the years.Question is how much I would get back if selling when/if it comes out of suspension-probably not a lot unless I wait another 10/20 years.... because I'm certainly not putting anymore into this puppy.
Yes indeed, questions Nailbob. It seems many of us are battle-hardened to Oisin Fanning and his public relation team's tactics and won't be holding our breath.
Maybe the announcement is designed to further stall Ocean Pearls' winding up petition. I doubt it will.
Whist glad to finally get an update following the last one on March 11th I will not be breaking out the Salon from the cellar as clearly, and as Afafuma so eloquently* puts it, this is not the first time we have stood on the precipice of a game changing deal....none of which have so far transpired...the only thing that appears to change is the name given to it by the BOD.
Looking at this new deal aka 'Expected Refinancing' i think we still need to take stock of the detail of the RNS.
My reading is that we are a beneficiary of the 'Bond", I would surmise there are many other beneficiaries? If that is the case what is the realistic sum we could borrow up to?
Why is the German Government providing a bond that, albeit via the bond owners, can enable an AIM listed oiler, with a chequered past, to continue its expansion into Nigerian O&G?
I look forward to further detail on this as I think the half a billion number is getting everyone overly moist a tad too soon.
Also, the logic that SLE can go after TRAM for compensation for the failed deal is, IMO, for the birds. Any potential lender will have a decent get out clause built in if they suddenly see something that doesn't suit their current investment tastes.
Started: Alaric, 5 Jun 2024 14:01
Last post: Afamefuna, 5 Jun 2024 19:19
Funny boy samalarik you said same about last 4 fail deals. you say them wood save yer bacon. they didnt. Lol i said they aint going to get sign and them never was. you say tram deal would deffo happen. it daint. the red lion is despurut and all loaners now it. they got the wounded lion by the short curlies.
Funny thin is samalarik you bin rong for everything you ever says. just look at yer postin history. rong follow by rong follow by rong. an that why it look like you get paid to big up the red lion.
tik tok them clock battries runnin out for you. lol
I aint posted fur 6 week you idiot'.and what bliss not to have to read your garbage posts Afake :-)
Where is your idiotic fool assjunkie afake?, this deal of $500 mill will pay all creditors stupid!, also in only a few weeks we will know if things will start the wheels in motion, also looks like sle intend t go after TRI for compensation.. more to come with deal with western, lots to take in especially for afool like you lol....
Nutin sudden bout my quietnuss samalarik. i aint posted fur 6 week you idiot. you wood make a good lying polutishun. lol.
but as your ask fur opiniun not from yer very own pro ramping team lets read between lines of today rns.
San Leon also previously announced that it was in discussions with other potential financing partners and had received acceptable commercial terms from two of these prospective funders. Although negotiations remain ongoing, it is apparent that the timetable to completion of either fundraising is far longer than the Company had previously expected. Consequently, the Board considers the Expected Refinancing, supported by the Bond, to be the most likely outcome now.
so it sayin the 3rd n 4th atempt to refinunce has failud an 5th is still in negoshiashun an aint been signed yet. and there you is wettin yer niks with excitemunt. you easiluy fooled by usual promis of jam tumorrow aint you. Lol
to sum up. all previous atempt to borrow munney failed. big time crediturs nokkin on door so you is still despurutly tryin to save yer gravy train from bein wound up. Lol
tik tok rampurs.
Same as the assjunkie Alaric , I think the half a billion dollar bond has them by the 007.
Started: redeyemines, 5 Jun 2024 18:30
Last post: redeyemines, 5 Jun 2024 18:30
Yes I know we've been suspended for a long time and the first attempt at raising finance failed after what seemed to be a done deal.... So as Sam said, don't be surprised if SLE seek compensation from TRI .
... That was for about 150 mill dollars, which seemed a huge step for us at the time.
. But, now look at what is in the offing.... A bond to secure future finance, over the next three years, for anything up to half a Billion (500 mill) Euros.
.. No wonder this has taken a time. These sort of deals don't come overnight, and all credit to OF for putting this together.
.. I've said it many times before,... HE IS ALWAYS 8 STEPS AHEAD.
.. So what are the plans for the next three years and that potential 500 mill of finance.
...
Started: 36800, 7 May 2024 21:25
Last post: Alaric, 13 May 2024 16:52
Thanks bluerill for the correction! i must have had a brainstorm as i also got the figure for the investment in San Leon wrong. this should have read £50m, which albeit not paltry pails by comparison to the talk talk figure.
Alaric - I think you meant Tosca invested 2 billion, with a 'b', in talk talk.
36800, you have naively over other investments in the same fund that san leon are in principally talk talk in which Tosca have invested £2m. this should be compared to the approximate 5m (using the sp when the share price at the time of suspension) that Tosca has in san leon. all this information is available on Bloomberg. so what's up with talk talk? again this information is easily available if you bother to look.
TalkTalk is in the process of breaking up and selling off parts of its business as it grapples with a £1.1bn debt pile. The recent rise in interest rates mean the company is bracing for a sharp increase in its borrowing costs when it refinances these debts early next year.
Ha ha...think it's you who is not in their right mind old bean....keep up!!
Oh Sam, poor foundling, you seem to know very little for a company man, or are you purposefully Ignorant?
A suspension is usually implemented when a fund manager is concerned that too many clients are bailing due to poor returns or it is likely that bad news may cause a stampede. It is used to protect investors in times of panic. No one in their right mind would suspend a fund if it is doing well or likely to do well.
From your continuous puerile comments, we can all conclude you are not in your right mind.
Started: BlackSwan, 11 May 2024 07:12
Last post: sam245, 11 May 2024 12:28
That's why companies have signed up to use Eli akaso......gunna happen!..
Https://businessday.ng/energy/oilandgas/article/rig-count-in-delta-fails-to-match-nigerias-1-7mbpd-target/
Despite the introduction of the Petroleum Industry Act, regulatory agencies still demand for bribes or incentives to attend to licences and approvals of oil rigs, and the delay in the process and bureaucratic obstacles did not change,” a senior industry source who pleaded not to be quoted
Started: redeyemines, 9 May 2024 17:10
Last post: quelfromage1, 10 May 2024 11:06
?
Nm
Started: BlackSwan, 2 May 2024 08:55
Last post: sam245, 8 May 2024 15:38
Operatorship is nothing bs, it saves eroton money as they don't have to spend on managing etc for months now the operator is NNPC not eroton or Sahara , just stops the bickering between bargaining partners ie eroton and Sahara ..
There is no monetary advantage being operator in fact shell the offtaker have to pay everyone according to their % of the field so eroton still get their % as will sle from eroton..... simples.
Sam 254 - SLE have a Holding in the current licence to operate OML18 they do not own any geographical land per se in the area under license - from way back in memory the license at the time Eroton and Midwestern.etc had the lease to operate according to their RNS it terminated if I recall in 2024/2025 (you look it up) - what the current state of entitlement/ownership SLE has on OML18 is under NNPC/Sahara is not really clear to me - rumour has it that OML18 is pumping oil, God knows where it and it's associated revenue are going?
Roll on end of May?
Draft no p00r boy makes you daft old man!...as maybe, just maybe MH suspended payment as news may might be soon, we will see..x
Sam its your hole that is causing the draft as usual you poor boy.
Martin has suspended the fund that San Leon Energy are part of.
And you call yourself well-informed. Try and keep up my child, it may add at least a small value to your comment.
I believe 00 you talk out of it....a hole!..dream on .
Bs....sle have been paid all monies from the original loan to get into oml18, all that's due is the interest...you can read the truth but obviously it hurts you too.x
Started: BlackSwan, 7 May 2024 09:01
Last post: BlackSwan, 7 May 2024 09:01
Https://pointblanknews.com/pbn/exclusive/corruption-coalition-charges-igp-to-investigate-prosecute-okoloko/
MMM! The company we keep - interesting reading while we wait - what implications does this have on our Holding in the OML 18 licence which the majority troll on this board always claims we got for "free"?
Started: J2254, 24 Apr 2024 14:28
Last post: 36800, 24 Apr 2024 15:52
Revenue will not automatically assume that suspended shares have no value. Unless, and until, Revenue rules that the shares are of negligible value or the company goes into liquidation, crystallising any loss, you will not be able to claim it against other gains on your tax return.
I understand that crystallisation of losses on a suspended share is not possible. Is this correct ? Thank you.
Started: Retired4ever, 11 Mar 2024 08:46
Last post: sam245, 18 Apr 2024 13:51
Imo the corporate rns last month says it all.
Still the silence. Excuse my lack of focus, but does anyone know offhand what the typical wait is before SLE decide they should tell us small fry that things are still progessing, and we'll have an update in due course? I'm getting very negative feelings about groundhogs of late...
What more do you need at this point, Retired? Given the complexity of the transaction and the difficulties with Triam and the period of silence as you reference, this update could have been way worse, imv. First you have to accept that given the length of suspension so far, that the NOMAD will necessarily be holding a gun in one hand and a microscope in the other in their comms with the Company. The first in order to make sure a full update was provided and the latter to scrutinise any and all claims made in today's release. With that in mind, despite the cynicism here dialled up to 11, I think you have to accept that the RNS's most important contention - that this latest deal is likely to close by this month-end - is in fact the most likely outcome for the Company, and for that, we should all be encouraged. In other words, there is next to 0 chance that the Company could include a statement like, '....I am confident that the difficulties of this past year will soon be behind us as our forthcoming Refinancing will enable us to fulfil our long-held strategy of becoming the majority shareholder in ELI....' without significant, credible evidence provided to a NOMAD who is, by definition, going to be on hyper-'SHOW ME' mode. Like it or not, that is at present, now shareholders' highest probability outcome and, as I said already, the message in today's release could have been far, far worse than that. Also, I honestly thought the creditor section, again given how long this has dragged out, would necessarily have had a far more negative tone to it with the Company having to reveal some more dramatic actions taken by a creditor or 2. Instead, reading between the lines a bit, I honestly felt that the RNS portrayed a more 'relaxed' creditor base than one might have reasonably expected, ie., lending more credibility to the overall confidence from management that this latest deal will in fact close soon.
I think cd is right, wow.
have never seen such silence after an update like this. Where are all the rompers?
Started: Afamefuna, 17 Apr 2024 13:57
Last post: sam245, 17 Apr 2024 21:06
Thanks redeyemines for clarifying the fact the Afool is Afool cause he is a fool........afek where is your assjunkie boy!...?
Jesus bloody christ, you're at it again.
.. Another wild bit of speculation just trying to bad mouth the company from you.
Do you just spend your whole time trying to think of what you can say next to paint the Co in a bad light.
. Have you still got a short open?
As samalarik pro pr team is wurkin full time i is wundering if a rites issue is on the card if mr fanning dont get the dosh frum a loan man.
Started: BlackSwan, 16 Apr 2024 18:01
Last post: BlackSwan, 17 Apr 2024 15:46
Correction bete noir - NNPC claiming they weren't given the first option on the purchase of ExxonMobil's assets - I suppose it stopped them getting control of the asset and handing it out to their friends - at price - er did I just say that tut.tut!
Https://punchng.com/tinubu-committed-to-conclusion-of-seplat-exxonmobil-deal-lokpobiri/
NNPC or whatever they call themselves these days are the better noir.of Nigeria
Seplat 45% think you need to go to spec savers Rodney!!!
Bs you dipstick, sle has 10% or so of oml18, yes they want more and are in talks as you know to hopefully increase this, plus Eli which when the deal lands transforms sle...think you better re read this as seplat has not 10 or so % in one oml but 3....
n July 2010, the company acquired a 45 per cent working interest in a portfolio of three onshore producing oil and gas leases: OMLs 4, 38 and 41, located in the prolific western delta basin of Edo and Delta States.
Https://punchng.com/seplat-energy-shareholders-got-575m-dividends-in-10-years-cfo/
Fanning dream scenario - pity it doesn't look like it will happen.
Started: Alaric, 11 Apr 2024 12:08
Last post: sam245, 11 Apr 2024 14:43
Good news which shows sle will not be wound up as the trolls have been misleading exercising.
Alaric dear chap, this is not necessarily good news, merely confirmation of facts that were brought to our attention 8 days ago.
Not about engaging their brains, it's about the trolls turning the news around to make it look sle will be brought to an end scaring shareholders in the process, these trolls like assjunkie and Afool are treading on thin ice as on every news that comes out makes them the lying dratsab's they are...
This morning's rns completely vindicates everything we've been saying about Ocean Pearl's absurd petition. it's sadly yet another example of how the trolls latch onto any potentially negative story about San Leon, without engaging their brains. how embarrassing :-)
Started: Afamefuna, 6 Apr 2024 19:25
Last post: sam245, 11 Apr 2024 07:08
Afool you hold nothing here but contempt for sle which I'm invested in and you post to damage sle management and where they carry out their business, little man you can see why your attacked, grow up loser and move on....
Samalarik why does racin cars have wing mirrurs then. why does jokeys an marathon runnurs look ovur thems shoulders then. you need proppur sayins boy. like a lepard dont change its spots an once bittun twise shy.
where wuz you 4 year ago. lookin at yer history you bin here 3 year 1 month and started atakin posters 2 week later an 90 percentages of yer posts since then are attakin peepul.
tik tok tik tok fur you troll boy. no lol.
4 years ago!....where were you? We have our % in oml18 for nothing, have had a nice 6p dividend, the co have bought back multi millions of shares, we are on a cusp of a deal that could take the co out of AIM onto a main market, lots of other etc with Eli which will be massive for us shareholders, yet weird 4 years back where was 00 where was bob!!!....you got non holder Afool in the past, assjunkie another non holder crying about nothing, now 00 & bob the builder crying coz OF couldn't get the funds to purchase shares, FFS it's all documented back then, the dementors 4 years on bring it up as if it's 4mins ago.....you never win a race looking backwards boys.
Well-put Nailbob, it matters not that this is from the recent past, it is fact and helps one's risk assessment and whether to invest in AIM. For me, it also highlights a question of trust. Can I trust the mind of a man who said he had purchased 98 million shares at 21p, in his own company, when he hadn’t? Then to make an official, regulatory financial statement informing shareholders and the financial press knowing he did not yet have the money in place to complete. Quite delusional I would say. He appears not to be as good at arranging finance as he thinks he is. Again, to me, it matters not when a man did this, only that he acted this way. We can only hope he pulls it off this time.
Bob obviously you did!
Started: redeyemines, 6 Apr 2024 20:10
Last post: Alaric, 7 Apr 2024 14:59
Think you were right first time redeyemines :-)
Meant to say poor, not poo
Started: Callasjunkie, 4 Apr 2024 16:08
Last post: Callasjunkie, 6 Apr 2024 22:39
Just for good measure, San Leon Eli's holding company, San Leon Energy UK is also 3 months overdue in filing it's 2022 Accounts.
San Leon Eli is registered as a UK company, with Price and Tedder as directors.
It came close to be struck off in 2022 for not filing it's 2021 Accounts (the Registrar had published notice in the Gov Gazette).
Those accounts showed the only asset to be a $2 million prepayment for shares in Eli Malta to be purchased off Okoloko's company, Walstrand.
Today the 2022 Accounts are over 3 months overdue.
I notice none of the trolls has responded to my exposure of their dissumlulation about the insolvency proceedings. so come on guys here's your chance to show us that you're actually not dishonest trolls after all :-)
So by the looks of what has been researched by Alaric, assjunkie and his Afool has been misleading shareholders again , they did this with SunTrust, they did it with research others found on Eli akaso, these two are charlatans, misleading liars to be honest who are out to scaremonger...fact!
I should correct an important detail in my last post. it's Ocean Pearls shares in Eli that are in hock to the bank which is logical if you think about it.
Started: sam245, 29 Mar 2024 09:23
Last post: Afamefuna, 4 Apr 2024 20:03
ELI is heavily indebted and requires an immediate injection of capital in order to meet certain court sanctioned obligations to its main contractor for the pipeline construction (which have not been complied with by ELI). Without the further US$37 million loan from San Leon, the Board believes that ELI would be unable to pursue its strategy and, in particular, would have failed to secure customers for its pipeline. This would inevitably have been highly detrimental to the value of San Leon’s investment in ELI. In addition, the Board believes that, due to ELI’s severe financial difficulties, without the US$37 million loan from San Leon, ELI may be required to take steps to protect the interests of its creditors. The Board anticipates that part of the US$37 million loan will be applied by San Leon settling ELI’s creditors directly.
The purchase of Ocean Pearl’s shareholding is likewise significant as it takes San Leon’s shareholding in ELI to approximately 55 per cent. in aggregate. As the majority shareholder, San Leon is now able to exert control over ELI’s strategy and management and this is an important factor in TRAM’s decision to make the Investment. Of most importance is the conclusion of the pipeline construction by ELI which San Leon will now be directly overseeing.
Crude oil held in storage at the Oza Oil Field and crude oil being produced into storage tanks from the Oza-1 and Oza-4 wells is being transported by truck a short distance in-field to the transfer pumping station at the Oza Oil Field for injection into the TNP. The first crude oil export cargo of 15,000 bbls to Shell was loaded on board a vessel with a bill of lading date of February 7, 2024, with sales proceeds expected in the last week of March. Decklar and Millenium are expecting another crude oil export nomination notice from Shell before the end of March 2024 for the export of another 15,000 barrels of crude oil currently held in the Bonny Export Terminal tanks.
In addition, total deliveries to date in 2024 to the Edo refinery totalled over 15,000 bbls.”
Whilst they have plenty on their plate this is good news from SLE, Decklar in whom they have a stake and a loan to are increasing production into the TransNiger pipeline and getting respectable sales.
Started: billgreen, 4 Apr 2024 13:42
Last post: sam245, 4 Apr 2024 18:43
All hot air by the trolls try as they do making assumptions on the hot air they post. Imo wind up order like SunTrust won't happen,trolls love this to happen as they have a problem with sle and management plus don't give a sheight about shareholders, wonder if they will still be around here when sle release the big news their working towards.
Billgreen i didn't intend anything by my use of 'imagine' but i hope between me and redeyemines we've answered your question. you will have noted the trolls carry on ignoring these perfectly satisfactory answers.
I didn't imagine anything, I just raised a question
Seems like people are deliberately getting their knickers in twist, just to create a stink.
-For a start off, this is ELI ltd --a subsidiary---Not ELI.
-It has agreed to sell share to SLE --but---those shares are pledged to G.T.Bank as part of a deal that has nothing to do with SLE----unfortunately G.T.Bank will not release those shares, so SLE cannot buy them.---- On this basis the petition to wind up, will be rejected by the court.
-All in all its a storm in another tea cup, and has no effect on the completing of the pipe and FSO, which will complete once SLE finalises its finance package, and creditors are paid up to date.
Started: BlackSwan, 4 Apr 2024 06:19
Last post: Alaric, 4 Apr 2024 08:37
Very old news indeed BS. and incorrect as Eroton weren't sacked. this was a neat solution to quite a long running between the parties to the JOA. how typical of this troll to attempt to continue a dissisumation, which had long run out of steam. readers may remember he had originally insinuated that losing the operatorship meant forfeiting their interest in this licence.
Ref the last post - note the original article was written one year ago - interestingly maybe is that I remember OF "boasting" that he was aware and/or had some involvement in the accounts of Eroton for our benefit of course - makes one wonder?
Interesting read while we wait?
https://leadership.ng/oml-18-nnpcl-sacks-eroton-appoints-eighteen-operating-ltd-as-operator/#:~:text=The%20Nigerian%20National%20Petroleum%20Company,EROTON%20Exploration%20and%20Production%20Limited
Started: Afamefuna, 1 Apr 2024 10:00
Last post: sam245, 3 Apr 2024 14:17
You are the Afool, looking at your history you haven't been here 10 years unless you're afake and someone who got banned. Sle past history on shale as it seems was good but it was the cost to drill etc and the time authorities took to give permission for such works that killed Poland off ..today sle have a nice% of oml18 for nothing as all monies lent have been paid back, they are owed loads yes but that is taken care of if the deals sle are managing don't come to fruition which I think they will, sle have bought their own shares back plus given a great dividend, they are now in a transition period which if it all works out will benefit all shareholders .....trolls like Afool Ajunkie are not shareholders but have a vendetta against sle and management......bs instead of complaining here ring sle ,speak to them see if they are not busy if you can see them in person. Xx
Maybe you would have reduced your holding if you could have?
I was an investor here for some time but got out after a while at a considerable loss
Alaric - More prattle from you, is that the best you can do, the Oza posting is irrelevant - something we are trying to sell - the recent RNS concerning the OZA field is a news gap filler as OF attempts to post "some " or any "news" - we want news, but relevant news concerning OML18/Eli Midwestern including company accounts "when do we want them, we want them NOW"!
My weekly reminder that none of the trolls holds any stock in San Leon Energy. whilst occasionally i can occasionally be over exuberant about my holding here i can assure readers that i wouldn't be holding unless i completely trusted the management and the investment case. if one doesn't hold any stock, the only plausible explanation for posting negatively is that you're employed by a long/short fund and part of your job description is to post negatively about stocks the fund is running a short on. ignoring the criminal illegality of such behaviour you should ask yourselves whether you trust professionally employed dissemblers more than a long term shareholder who has met the management on a number of occasions and has done deep research on the investment case.
Funny. same april fool trick frum the red lion every year for 10 year. promis summat an dont delivur. an malcey. look at his record and show us a statmunt he made about the red lion that becam true. Lol.