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I would suggest that based on what appears to be their comprehensive knowledge of the market Alaric /blurell are, in reality, THE ONLY REAL NON-Holders of shares in SLE (given the history how could they have been so stupid) - what price level did they buy shares ytet they continue to castigate any of those who attempt to construct a comprehensive reality of what is actually going on with SLE.

Buying opportunity coming up for all those non-holders - Alaric/bluerill - or those with any money left - Alaric/bluerill and others?

https://www.businessdayonline.com/opinion/analysis/article/divesting-95-nnpc-mechanics/

It’s now months to the critical 2019 presidential election in Africa’s largest economy, and a major presidential aspirant Atiku Abubakar has reportedly announced his intention to divest 95 per cent of the country’s interest in the state-owned NNPC if elected president.

B7 - Thanks, regarding your comment on PVR - no I hadn't heard of the people you refer to - looks like another case of having to look deep enough to understand what is actually going on - there always a reason - one can pontificate all one likes about this and that but I would suggest even in the case of SLE 97% of us have zero ideas as to what is really going on here - hey ho roll on the next loan payment - but - has anyone considered what do we do when the loan is fully repaid end of cash flow and we are left with only 9.5% interest of a company with heaven forbid
dividends which never materialise.

bluerill - like the post makes sense to me - it is going to take some interest to get things moving - on a side note I keep watching PVR jeez given the fundamentals I had expected PVR to be in at least the 20P range by now given the players involved and number of targets - just shows you - amazing SLE in Poland when I joined where literally multiples above SLE price today - go figure!

Alaric - looks like you have been trading today wow!
Investors Chronicle
Price Alert
3 December 2018
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San Leon Energy PLC
SLE:LSE volume exceeds 10 day average by 533.45% at GMT 08:21 Dec 03 2018.
Last price 25.00p.

PC01 - Think Brotherseven is having you on that or he is lacking in basic knowledge of who holds SLE shares which considering the time he has been around appalled me.

Linksdean post over on II seems interesting!

http://africaoilgasreport.com/2018/11/oil-patch-sub-sahara/shell-finds-over-1-trillion-cubic-feet-of-gas-in-eastern-nigeria/

“You know how the Niger Delta works”, one ranking Shell earth scientist told Africa Oil+Gas Report on the sidelines of the NAPE conference. “You are targeting deep, but you can encounter new hydrocarbons in the shallow sands in the process”.

Brotherseven - further ---- and lying back by the pool overlooking the beach in Mauritius presumably he'll be back after Christmas - Jeez how much longer is this company reorganisation going to take place - Ryan Air a company multiple times the size of SLE changed their structure for Brexit whist Oisin (he who mythologically is said to be the greatest poet in Irish history - talk about living up to your name!) still hasn't announced anything about anything apart from telling us all SLE have pocketed another $ 18 mio in loan note payments

bluerill - I like your thinking - good plan well at least for Jite - another twist in the SLE story to astound us,long-term shareholders - would Tosca go with the plan probably not at 52p - I have to smile imagining OF working for Eroton in darkest Africa?

SkullBone - Thanks for the link - embedded in your article is a reference to the VERY large Egina project soon to come online 2019 location south of off Port Harcourt - deep water - consists of an impressive FPSO and an extended deep water network of wells -REALLY impressive - interesting maybe?

https://www.total.com/en/energy-expertise/projects/oil-gas/deep-offshore/egina-nigeria

Alaric - Nice to see that I've stimulated you into showing how well informed you really are by your producing a speculative summary of one of SLE possible futures in Nigeria - the version you are forecasting has of course been circulating on the board for the last six months or longer nevertheless it could be interesting to possible new investors.

LinksDean comment from II - African oil supply production momentum pivoting from the Middle East to Africa - possibility of Nigeria becoming swing producer given its low cost of production

https://www.zerohedge.com/news/2018-11-08/oil-boom-going-under-radar

http://energymixreport.com/more/finance/imf-expects-nigeria-growth-of-1-9-due-to-fewer-disruptions-in-oil-production/

Alaric - Thanks your latest post which disappointingly uses references to your 11+ ordeals which compared to my own experience on completing major projects in the middle east for the last twenty years places you in a rather naive category with regard to personal experiences - Nigeria if it hasn't already should prove to you to be an 11+ experience on steroids - moving on from personal banter though I am still positive about SLE prospects in Nigeria or I wouldn't be here, however, it will take all the skills that are rather "unusual" chairman seems to have mastered to succeed.

Alaric - Quote your "that would likely involve us in a very significant further large investment in OML18? " ----- and that is why under the present circumstances prevailing in Nigeria - ie cash flows from NNPC and given OF "entrepreneurial" tendencies makes me urge restraint in further involvement in OML18 until continuous cash flows from OML18 production into Erotons accounts have been established.

General interest post - If anyone needed any further proof that Africa is shaping up as the next major hot spot in oil and gas, this year’s edition of Africa Oil Week will provide it.

https://www.zerohedge.com/news/2018-11-08/oil-boom-going-under-radar

Alaric - Good morning - in order to assist you in improving your psychiatric skills, which you seem to want display often on this board, I would inform you that I have been an engineer for 30 years and never held a position in PR. Regarding your abilities in comprehension, I am afraid I can't help, you perhaps you should consider giving up speed reading as that might help - Yes I did advise against SLE investing further in the Nigerian adventure ONLY and UNTIL further monies were received from the Nigerian government/Eroton. I hope that clarifies any remaining confusion you may still possess.

PC01 - Yes well-presented post, sums up the current situation for many - Alaric read and pay attention on how to communicate - I guess some of us or at least I am guilty of breaking one of the basic rules of investing - "never get married to an investment" I guess I have rightly or wrongly and it is the reason I am still here today - on a more positive note although the SP continues to drag its feet the company financial situation is improving and given the political will of the Nigerian government with major legislation changes anticipated towards the end of this year towards the indigenous oil/gas industry the Eroton/SLE prospects should improve substantially - meanwhile Barryroe continues apace - good luck to all long-term holders.

Alaric - Source of reported pipeline breaks is over on " II" website reference article - NNPC subsidiary, PPMC sells 2.18bn litres of petroleum products NNPC subsidiary,... - a website you visit often so guess you must have read it,

http://sweetcrudereports.com/2018/11/05/nnpc-ppmc-sells-2-18bn-litres-of-petroleum-products/

OML18 had seven oil flow stations with output ranging from 10Kbopd to 50 Kbopd - gas flows from non associated gathering 120 MMscf/day - one station had been totally vandalised - believe it is being or has been repaired - Eroton's current plans are to double net oil production midterm starting oct 2018 - how much actually comes out of the Nembe Creek pipeline for loading at Port Harcourt attributable to our production should be calculable using the new metering systems (don't ask me how) which one would guess should be operational now?.

As previously recorded here pipeline losses have been a major problem in Nigeria with the owner/operator of Nembe Creek line currently facing substantial pipeline product losses even user contract cancellations to the extent that he is currently asking the government to intervene - hence we have Eroton talking about OML18 output to be fed via new lines to an offshore direct loading point bypassing Barry terminal - an old story which I am sure you are already well aware of.

mclean91 - You and I have don't have a clue where the cash came from to pay the interest on the SLE loan - however the oil and gas is present in OML18 - hey we are even drilling a lateral - and some income must be accruing to the accounts - but which accounts and at what rate that is the question - perhaps you would like to tell us from where and how much because sure as hell I have no idea really what is happening - stay positive it cheers us all up thanks.

Frus - correct for an "outsider" or even I would suggest for an "ïnsider" it is impossible to do the maths there are just too many unknowns which is the reason I have never attempted it myself - try factoring in the below -

Ughamadu further disclosed that during the period under review, pipeline break stood at 204, of which 16 pipeline points either failed to be welded or ruptured/clamped.

He added that 188 pipeline points were vandalized as against 165 recorded last month, with Ibadan-Mosimi accounting for 124 points or 66 per cent of the vandalized pipeline, while Aba-Enugu, Port Harcourt-Aba, and other locations accounted for the rest.

He noted that a total of 1,858 vandalized points was recorded between July 2017 to July 2018.