Member Info for BlackSwan

RNS Today - "Oisin Fanning, Chief Executive, commented: We are delighted to have conditionally agreed to increase our investment in ELI which owns the ACOES project"
Oh! Really?

Afamefuna - Yes - I notice it does take a while for the city boys to react - still I suppose with performance ratios such as SLE have the company is hardly on anybody's watch list.

OZA field - mid-july initial output - seems feasible?
No news about SLE funds out of escrow for the project or of Millenium being backed by $20 Mio - Nah it'll be all right on the night?

Sam - Yes she seems to be in position - SLE website gives an estimated pipeline length of 30 km from the in swamp delta pumping station to the mooring location, if the pipeline is is still incomplete they could load the tanker by barge - time will tell.

Nigerian FSO - Gallery - interesting maybe - Eli Akaso arrival Bonny in next days.

https://images.search.yahoo.com/search/images;_ylt=AwrE19N9DMNgzPYA9lhXNyoA;_ylu=Y29sbwNiZjEEcG9zAzEEdnRpZAMEc2VjA3BpdnM-?p=FSO+Yoho+Nigeria&fr2=piv-web&fr=yset_widemail_chr_win

Sam - well spotted - notice some early morning SLE sells - seems they missed the news - they will regret it!
I topped up again at 39p - roll-on 74p.

Yes correct - today Fleetmon indicates she is currently underway and 220NM west of Bonny (approx)
Good news.

Decklar seems determined to go for more oil exploration in Nigeria = their new RNS:

Decklar Resources Inc. Announces Letter of Intent to Participate in Asaramatoru Field in OML 11 in Nigeria and Appointment of New Chief Financial Officer
TORONTO, CANADA June 9, 2021 -- Decklar Resources Inc. (DKL-TSX Venture) (the “Company” or “Decklar”) announces the completion of a non-binding Letter of Intent to purchase all of the issued and outstanding ordinary shares of Purion Energy Limited (“Purion”), a Nigerian entity that has the right to enter into a Risk Finance and Technical Services Agreement (“RFTSA”) with Prime Exploration and Production Limited (“Prime”) to participate in the Asaramatoru field in Nigeria, located in OML 11, the same block where Decklar is also currently developing the Oza Field.""
Good news.

Eli Akaso is still sitting among numerous oil tankers offshore Lome Togoland - a historical transhipment point for oil tankers.
I wonder whether the ship has been earning revenue in some way by facilitating the business of oil transhipment between oil tankers which would hopefully make some contribution to company earnings visibly in July - on the other hand, it could be just shielding amongst other tankers as protection against piracy.
Electro link Infrastructure has World Carrier Corp as ship managers (Greek) and they still have a third party paid-up insurance with a reputable Scandanavian insurer - now all we need is a pipeline to connect to?

Sle Share volume up 414% and the share price stays the same UKp0.35-0.36 P - I don't get it - June statement awaited!

Decklar seems to have a positive attitude to seeking further projects in Nigeria - good - maybe Oza opens the opportunity for SLE to cooperate further with this Canadian company in developing marginal fields on with usual percentage participation methodology.
Extract from report
"Decklar is also pleased to announce that it continues to make good progress on evaluations and negotiations for additional proven undeveloped oil and gas fields in Nigeria that have significant reserves and near-term production" potential.

Decklar moving ahead - slowly.
https://www.globenewswire.com/en/news-release/2021/05/27/2237385/0/en/Decklar-Resources-Inc-Announces-Update-to-Oza-1-Well-Re-Entry.html

Eli Akaso as of 11.5.21 currently at anchor 10 mile offshore S E of Lome Togoland - guess the crew are nearly as bored as we are watching SLE share price steadfastly refusing to rise above 40p - Zacs SOP calculations (sum of the parts ) seems troubled with the major items still not operational - maybe next year then?

Port Harcourt Refinery": Nigeria 'dead' oil refinery government approve billions [$1.5bn] to repair
https://www.bbc.com/pidgin/world-56450117

OML 18 - San Leon -Expansion of the oil refinery at Port Harcourt right on our doorstep what's not to like about that?

"Nigeria’s cabinet has approved $1.5 billion of spending on the modernisation of the Port Harcourt oil refinery and awarded a contract to Italy’s Tecnimont, Petroleum Minister Timipre Sylva said. The project will be completed in three phases, the first within 18 months taking the refinery to 90% production capacity, with the second and final phases carried out within 24 months and 44 months respectively, Sylva told reporters in Abuja."

https://www.hydrocarbonprocessing.com/news/2021/03/nigeria-approves-15-billion-port-harcourt-refinery-upgrade#:~:text=Nigeria's%20cabinet%20has%20approved%20%241.5,Petroleum%20Minister%20Timipre%20Sylva%20said.

Good find Sam -thanks - we really need the market exposure what with the current share price languishing at a quarter of the price it should be.

https://www.decklarresources.com/news/decklar-resources-inc-announces-up-to-15-million-unit-offering
Wonder whats happened to the Millenium millions?

Essentially old news - I have been waiting for the Millenium Nigerian financing to come through the terms of which SLE was to consider carefully before participating going ahead with this project with Declar and Millenium - it doesn't yet seem to have happened - is history repeating itself - see the history.

Afamefuna - your game playing is amusing to watch but in essence, has some value - Sle has recently had high visibility in the market now it has to deliver on one of the four prospects ( long term holders know exactly what they are) or you're in the money again and I am out.

and then at last comes a welcome if rather disappointing RNS - Midwestern missed payment - ACOES now summer 2021 interim use of barges - Millennium still negotiating financial backers!