Member Info for BlackSwan

SLE got caught up in geopolitics - Poland and exploration companies in Poland was a political withdrawal from independent Polish shale gas production to a political dependence on US shale gas imports giving US control in Eastern Europe energy independence nothing more nothing less and SLE got caught in the politics of the day.

If we don't get some positive news regarding income - annual results - Nigerian company ownership legal problems both present and future on proposed development progress - think Sun here - within the next month shareholders are going to have a new opportunity to top up at levels of $17.00 per share for sure - there seems to be no end of the problems in Nigeria till at least 2019 - if then.

State Department official said that the US is planning to ask allies to cut Iran oil imports to zero.

Nigeria - Darn pipeline leaks - Eroton and SLE should otherwise be on a sure winner as oil heads for $ 90.00 given as Nigerian supply comes with an extremely low geopolitical risk.

As they say follow the money - er sorry there ain't ever been any- looking at the history of SLE over the last ten years afraid it is a trail of best efforts but financial disasters - this time it's different - amazing how Tosca is still playing the game with OF roll on the next $19mio and the passing of the NNPC government bill end of the year when the cash should roll in?

As they say follow the money - er sorry there ain't ever been any- looking at the history of SLE over the last ten years afraid it is a trail of best efforts but financial disasters - this time it's different - amazing how Tosca is still playing the game with OF roll on the next $19mio and the passing of the NNPC government bill end of the year when the cash should roll in?

Only hope the construction by OF of what even I thought at the time was a rather complicated "smart" move to acquire assets in Nigeria isn't seen by the DPR as an avoidance strategy to seeking their approval - otherwise??

Above all the news that SLE share price stays magically above UKP 0.25 amazing - is the market protecting its own remember when certain "market people"were compensated/paid with 0.25p shares or is this the value to the company of renting out OF apartment - come on SLE valuation as expressed on the market is really something to behold.

I like Eadwig's comment on III see below - if Eroton and others can't pay the next US 19 mio for one reason or another by default SLE are entitled by agreement to be paid in shares from the Nigerian company - Suntrust's action could be a blocking move to prevent that event from being executed by SLE. "The trouble with injunctions is that courts tend to grant them until things are sorted out. The injunction is to stop the quarterly $19m payments of loan notes to SLE, so hopefully it can be sorted without causing delay to more than one payment"..

CJ - yes, that the Canadians offered for sale and both Martwestern Suntrust accepted anything either shares or cash would does seem to blow the whole case out of the water - it still seems that the bank loan propping up Suntrust hasn't been paid and must someway be a contributing factor although as usual we shareholders are not intimate with what exactly is going on - reference to smoking probably white man amongst the natives sort of reaction which they still haven't yet adjusted towards.

During the possibility of SLE performing a RTO I previously commented wrongly it now turns out that SLE would go on to take over Sun Trusts holdings in OML 18 - shows how wrong one can be - OML 18, aka the swamp licence, seems to be worth fighting for - best man wins er no sorry this is N?

At one time I lived in Sri Lanka - there was a case of "someone"who couldn't repay the loan on a particular property - what to do? The solution came in the form of "somebody" removing the entire file from the lenders organisation (days before computers) leaving zero trace of their loan on the lenders books = ipso facto problem solved no loan - dishonest yes - effective very - not for one moment am I suggesting that anything like this could happen in a nation such as Nigeria = heavens no!.

UGO OKAFOR Suntrust Oil PRESIDENT Just browsed UGO CV over on III - suppose that answers my question?

Follow the link below and read SunTRust latest news column to see the letter from the Minister MM! interesting. http://suntrustoil.com/ NOW - we should see who has the best "connections" in Nigeria with the minister and others if push comes to shove. As an aside nice suits everybody is wearing on the newspaper ThisDay must have well paid jobs MMM!

SB - Yes 10x as much - that's why I am still here.

Ref Jacko on three Heard a lot of talk about all the money San Leon is building up in oil revenue to be paid out one day, so how much has San Leon built up over the last 2 years? Assuming OML-18 produces 30,000bopd, 30% loss due pipe lines etc, oil at $50 per barrel it equates to San Leon's share being �50 million or worth about 10p per share. Being more optimistic and OML-18 produces 50,000bopd, loss of only 10%, oil at $90 per barrel and equates to �205 million or 41p per share. I have excluded revenue for gas condensates, well work overs and other promise/hypothetical sources of revenue. As OldGeo raises the question why is the share price does not reflect this revenue, well it might have something to do with all the past promises of riches that San Leon has issued in the past and they prefer to see concrete evidence of the money i.e sitting in San Leon's bank account and not in the 'government coffers' in Nigeria.

Ref RNS today the 2016 OML 18 transactions having undergone extensive due diligence and documentation. The Company will provide updates as and when appropriate in due course, and will vigorously defend any such claim received. I sure hope they have completed due diligence - the good news is that OML 18 is an asset worth fighting for as witness to Sun Trusts recent court actions - roll on 3third quater when ther should/could/maybe some real cash coming through.

CJ - Yes agree "sitting on Nigerian soil " the same applies to not getting full payment for oil already produced - I had taken it as a good point that we could directly market the oil produced from OML 18 - some chance - even if we win this case it's going to affect future relationships in Nigeria for oil field services I'm sure - revenge is sweet. "it doesn't matter if San Leon or Martwestern Leon were registered in Antarctica, the assets are sitting on Nigerian soil" you lose!.

Share Sales history: Martwestern Energy�s shareholding from March 2016, contrary to the November 2013 shareholders� agreement between the plaintiff, Martwestern Energy, Midwestern Oil, and Mart Resources Inc.

Share Sales history: Martwestern Energy�s shareholding from March 2016, contrary to the November 2013 shareholders� agreement between the plaintiff, Martwestern Energy, Midwestern Oil, and Mart Resources Inc.

Nigeria - SunTrust are a pretty aggressive local outfit and know their way around Nigeria - interesting to say the least - Surprised there isn't a contract out on OF already - luck of the Irish one could say - You couldn't make it up : Also among other reliefs, Suntrust Oil is also seeking �a declaration that the purported transfer of four million shares in the third defendant by the fifth defendant to the second defendant on or about May 30, 2016 violated Clause 11 and 13 of the shareholders� agreement and is consequently null and void.�