Member Info for Alaric

'not just the gutter press mr alaric. ' Ah well Afa, that makes a refreshing change, i must say. and good to see you acknowledge it was the gutter press last time! (i'm allowing myself a quick LOL) mind you in a country which appears to have more newspapers and online channels, I wonder how you possibly distinguish? still stinks i'm afraid Afa and for some very obvious reasons. you don't know what they are? oh dear.

indeed PC01, we must be awash in cash again and with it are surely now the envy of AIM. you touch on a point i was considering myself, since i would be surprised if we were not, together with eroton, in discussion with NNPC regarding their potential divestment strategy. that said there is now some demonstrable urgency in getting the SP up towards respectable levels again ( i see as at least north of 50p short term ) so it is equally imaginable another tender could be on the cards. as i reminded in a recent post, we have a big wall of news building, of which for me progress on the new export facility is arguably the most important item. if we can cut pipeline losses, then increasing our interest in OML18 would be highly attractive and obviously accretive for us. and it is hard to imagine our SP not propelling up on any such news, so maybe it will finally all be to do with timing. nice problem to have, mind. this is not just a steal sub 40p - it's bleeding daylight robbery.

Yep we are surely now overdue on an operational update. To remind ourselves some of what we have immediately in front of us:
-continuation of workovers (cement packers and gas lifting);
- well drilling in OML18 (akaso 15 and PMMO1) and bringing Buguma field online. we know akaso 15 is already hooked up and in production;
-completion of installation of LACT units;
-progress on the new dedicated OML18 export pipeline facility, forecast to be complete in 2019;
-production numbers;
-Barryroe well programme (due to commence 2019) update;
-Bank balance and amount of secured debt and interest remaining to be paid to us over next 2 years (150+m);

When one reflects that our market cap today still barely exceeds our cash added to the secured debt and interest outstanding, it serves to remind the scale of our undervaluation. With Brent in the mid 70s and renewed interest in the production sector following the Anadarko deal, you have to ask how much longer this state of being can continue? And that is ignoring the strong possibility (it seems to me) of further buyback action and announcement of a dividend policy.

bizarre, mclean, but nothing surprises me anymore here, in the historic libelling of San Leon. looks like he's got Talltrees banned now as well on Advfn, who was his sole serious oppo there, which just goes to show what a complete jerk history boy is. worse, it all sounds a bit like a year 1 crim law paper question: 'read the narrative and describe and discuss how many illegal acts Mr. Dimwit has committed'.

hi mclean, you might think a company like Shell wouldn't employ psychos like history boy. i glimpsed at Advfn today. he seems to have a fixation with a poster on ii called linksdean, and keeps posting his archive up (glad it's not just me then, as too weird for words!). that and with icebergs, can you believe, and this in the Niger delta ha. as i said before - a nutjob, the genuine article.

that's probably not such a bad idea, redeyemines. fair possibility this nut-job (c'mon - he's a squirrel!) is also an attention seeker. am not sure who will take care of him though and someone will need to keep an eye out in case his condition deteriorates and he needs a straight jacket.

just as i'm looking today (i won't be tomorrow as life is too short), this weirdo is now at 24 posts today. most of this is repeat insinuation including one post about the history of our SP, which we all know too well and on which he bases his entire thinking for our future projection. it is intellectually dull stuff but he clearly feels the need to drone on... and on.. and on..

...just by way of example, i notice since 8am this morning this guy has already posted 16 times, which is not unusual for him. needless to say i have now joined bluerill as his target today, including archive stuff on me from 2014. it's kind of bunny boiler if you ask me. and he refers to this board as the LSE asylum!

well i guess it may seem a bit strange to some on this board but, given all here now by and large are serious investors in san leon, i suggest we are by definition interested when an individual anywhere makes it his life's mission to damage our investment. (when i say, 'by and large' of course we still have a few troll posters left from the bad old days but they're largely on the certifiable fringe and probably best ignored.) 1historyman (aka Jabba) is on an altogether different plane. Certifiable for sure but his deeply malignant and persistent trolling by misrepresentation and insinuation has been going on under various guises and on various boards for years. So bluerill, just fine by me if you want to diss him here. i see he does get some opposition on his board, including one guy who reposts your posts. so maybe stay as you are? i think the lse board is now the main serious discussion on san leon anyway.

... must say I thought he was quite a bit younger than that, Whiteace, judging by the overweening ego, the showboating of his successful trades and the childlike 'stung' ripostes to bluerill's exposure of his diminutive substance. Fwiw over time i have found scot126's posts on the Advfn board to be far and above the most authoritative and detailed on this stock and written from a pro market perspective. One suspects that our man knows that instinctively but has to maintain bravado in front of his impressionable junior acolytes on this board by lashing out. All pretty boring. Not the least surprised to hear he's from Wembley, which is a tower of mediocrity in its own right. As for the Blackberry? well least said..

well usual mayhem on the board created by our resident nuisance poster. no prizes for guessing who. anyway a poetically just result, as it seems to have blown up in his face. what a complete waste of space he is.

heh bluerill, I've been trying to keep up with your cross board exchanges with 1historyman on Advfn, while away in the alps still (where we've had just fab snow and weather). i suspect many here don't read him (i don't recommend they start! ). his endless stream of poisonous invective against the company (sometimes around 20 posts a day every day) is prolix, poorly expressed and very boring indeed. when i bothered to read him at all (i don't anymore - life's too short) i found his arguments specious and clearly motivated by bitterness against the company, Oisin personally and other posters ad hominem. it appears to be his sad mission in life to do this i guess to try and damage San Leon and its shareholders, which clearly ain't much of a life. like the squirrels here he regurgitates his toxic furballs, which typically comprise an unpleasant blend of selective negative archive and a twisted interpretation of current news. his intellectual dishonesty though is founded principally on his failure to address any part of the clearly most positive story now emerging from the OML18 deal. like the behaviour of so many troll posters here (eg. Callasjunkie, an acolyte/ avatar type of his on this board) unfulfilled past foretellings of doom for us just get casually swept under the carpet. i know these boards tend to attract every kind of weirdo/saddo embittered troll type but i have never seen such a concerted campaign against one company as we have seen against San Leon in the last few years. thanks again bluerill for continuing to take the battle to these dissemblers and putting them to the intellectual sword.

what you are reporting here mclean is a bit more than just odd: it is utterly bizarre. to not hold stock in this company and post their bile over years takes some explaining. there is a kind of deranged pattern to these people's posts, as they attempt to block you out on any positive news reporting, i've noticed. nor do they ever respond to intellectual challenge on their appalling record of wrong analysis on sle over last 3years. eg. i posted this statement to callasjunkie last week: 'Newer readers here will perhaps not recall that over time, driven by your personal bitterness to the company and Oisin personally, you have been consistently and catastrophically wrong in your predictions of doom for us, from before Avobone to our quarterly payments not arriving and then of course your crowning glory - the Sun Trust non-case. Your wrongness on that one was just historic'. now if I had read something like that addressed to me, i would at very least want to refute it. so in your own time Callasjunkie, as this is now a credibility issue for you, if you hadn't realised.

yep - bluerill. extremely knowledgeable poster, who i follow here and on one other board. doesn't blather on endlessly about his personal trades like some around.

really much more interested in your sell predictions, Afa, as we seem to go up on these. so pkease keep them coming. seriously if you imagine that you have a readership here, Nigeria, that follows the rubbish you splatter on this board, then you are even more deluded than i had hitherto recognised. ps. Old Sid used always to ask me about my shareholding here and insinuate that I wasn't a holder. bit of a giveaway I would say.

no i insist it's squish not squash. and when it comes to squirrel squishing i know my onions (you see i've squished a few in my time but you know that already Sid!). it's not a serious thing for me, just a comedic interlude - something i do when i read 5h:te on this board or when i get bored.

apologies for being pernickety, BlackSwan, but it's `squirrel squishing' not 'squashing'. may seem like a small point to a generalist like you but believe me there's a world of difference.

indeed it is great news. can't wait for further news updates now. we are now 'the few' i guess. quite a strange feeling but 40s was never the price to get out. the main fun starts now. if any of the squirrels did actually hold any stock here, they'll be long gone i guess. so hasta la vista baby!

spot on bluerill, as usual! well called again.

...indeed i see the EGM resolution has now been duly passed