Member Info for BlackSwan

SLE akka - Tosca and OF are wanbe big players in anything they get involved in they will keep the game open to other players even if it is only so they can raise more funds - OF is a showman and I would expect him at his point in the company's "resurrection" that he would seek to come out of suspension with a listed company and with all guns blazing and all his ducks in a row ( at least this time he has some ducks - tangible producing assets). - to achieve this I would expect he stretch out this suspension to the maximum he can get away with, 6 months 3 May sit back and enjoy the spring - if you can.

Gawd the depressives/derampers are back - if you don't own shares please refrain from commenting and go somewhere else to play - if you persist on commentating because you are heavily shorted here God help you, the consolation for us genuine holders is that you'll soon be gone anyway. The very existence of a company who continues to explore trade and manage the goal of achieving returns from oil exploration has to be real and non fraudulent as many would imply by their comments on this BB - end of rant.

Linda - SLE auditor/AIM auditor - logically it seems we'll be coming back on the AIM a larger stronger lion, now where is that 3 for i RM is talking about?

Linda Beal - on the SLE auditor committee AND AIM chairman audit committee - what better way than for OF to start laying the credibility for San Leon - you've got to admit OF is a big thinker guess that what's make him appealing to Tosca - pity his remuneration is in the same aspirational scale considering what has been achieved to date - at least he didn't charge us this year for an appearance at Davos, remember that one.

Linda's a busy girl hope she has time for both her day job with SLE on the audit committee and remuneration committee and her other three jobs as AIM chairman Audit committee,Director of Auxxilia Ltd and Partner in Linda Beal consulting - goodness knows what she must be picking up when you add that lot together - more important though seems to be to sort out what on earth is going on inside SLE that needs to be presented in a coherent manner to external auditors - hopefully OF pay package will be discussed if it isn't it should be - guess we are some way off hearing what is happening if they still don't know what is going on themselves until an audit is completed for SLE - hey ho and the stock markets are now plunging whilst we are considering when and how to reappear on a listing somewhere in a galaxy far far away - if PVR performance is anything to go by could be disappointing let's hope not for all our sakes.

Here's hoping major revaluation of the SP is immanent and why not even Tosca came in heavily at 55p - and so did I so 25 was a crusher to get the cash flowing inwards - lucky few who took up the 25p posture. Ye i am biased.

Amazing - we don't know what is going on and us PIs have zero control over any decision making yet commentators go on and they do go on - only justification is they have nothing else to do (borderline depressives) or they are fulfilling their "contractual obligations - nod nod wink wink - SLE er sorry Midwestern Leon is at the start of a prosperous future given the high quality of the OML18 oil resource, the Nigerian requirement for agricultural fertiliser - Nigeria has unlimited land for agricultural production - for which OML18 feeds a major fertiliser plant and is a major world supplier of oil and gas via routes carrying zero geopolitical risk - despite SLE dismal image of production and AIM levels of managerial payment the period to 2025 is going to gives us long suffering investors returns - at last.

We have to realise Tosca will sooner or later sell it's share holding to "someone" - they are not an oil company and are only interested in SLE share valuations in order for them to capitalise on their fund holders investment - IPSO facto - Tosca must given SLE dismal image and share valuation history - increase the companies image to "realistically" improve the share price of the company - the actions required to achieve this lend some credulity to future company structures as suggested by RM to raise the share value back to more attractive/realistic levels for a company with income and identifiable valuable oil resources and output levels that SLE will own either as existing SLE or as a new entity say as Midwestern Leon to be registered on whatever exchange they (Tosca) sees to be the best market to sell out on profiably or raise future development capital either would provide Tosca with the opportunity given an improve SLE company image to profiably offload their holdings - which must surely be at a minimum of 55p - we must not forget they also went through a centisation so their break even price must surely be at a considerable higher valuation than 55p - given that scenario RM has us all pulling out our calculators multiplying by 3 and then by at least GP 1.5 GB to see how close us long term shareholder - "cash losers" - will be to getting some of our money back - onwards and at least with the company's current prospects surely it must be upwards for years 2018 - 2025.

QH - Agreed and BB comments only reflect society in all it's splendour - SLE certainly looking financially at it's best since it's inception thanks to our financial "backers" - only wish our partners weren't so "broke" nevertheless certainly for those who bought in or were given shares at 25p in lieu of payment for services rendered are in an excellent position for financial appreciation this year.

RM - Sorry sport I can't imagine that.

Games people play - MMM!!!

RM - Do us all a favour please confine your comments to SLE per say you seem for some reason to sadistically focus on share holders who have had a torrid time over the last years of which there are many - even Tosca took a 100/1 consolidation. Looking forward to your usual optimistic comments on the companies future from here on.

Rm - Steady on - long term PI share holders have indeed lost rather large sums of money over the last seven years - I see no need to add insult to injury here - please tone it down.

Frus - known you a long time - can't disagree with 80% of that - BUT do take a more optimistic view - it can't get any worse and from where I am standing the SLE future is looking good.

Markets - share prices - PVR - interesting if not down right worrying to read that share holders in PVR are also experiencing irritating MM activities with respect to the current share price in the presence of extremely positive news and activity coming out of Barryroe. It seems PVR price push tp 20p and above has faded let's see if SLE will do any better verses when next we return to the market after nearly 3 months - I will be very disappointed if SLE share doesn't at a minimum double in price - Hey Ho another day of zero news - so rolls on this petty pace from day to day!

GPB - Yes the thought did go through my mind can't let RM get away with it all the time though?

RM - YOU of all people took advice from B7- MMM! Doesn't reflect well on opinions posted here - never the less I stilll look forward to your continued positive and enthusiastic comments posted here on SLE.

or OF might put us up on the Canadian market, New York or even Mauritius ( if they have one) currently where and in what organizational form and at what price we shall reappear is anybodies guess - great fun if it hadn't cost us long term holders a fortune already!

The subject title and comments here more represent the mindset of some commentators on this board - make no mistake the Chinese think strategically and if the possession of SLE/OML 18 was considered to be within their strategic objectives they would have paid a price that Tosca would have been more than willing to accept.

Sle income/profitability image has been torrid since it's inception - that is not to say SLE/OF haven't been wheeling and dealing because they have - it is rather that working on the edge of the oil exploration market without successfully finding/exploiting any particular resource has kept investors away(OF past career course hasn't helped either in this respect) resulting in only Toscar and other small institutional investors believing in the company as a vehicle that has the ability to successfully gain a financial foothold in the high risk and competitive market.of oil exploration. In our current situation SLE has now been able to transform itself into both a financial and oil revenue generating company - hence the repeated talk of cash generation and dividends to achieve image transformation - if SLE can achieve this as I believe they will in the coming years then investor sentiment and share value will surely increase - regarding the comments on OF outrageous salary,well have you read the news lately regarding the average salaries paid to AIM executives that is over 120 times what the "drones" are paid outrageous I know but par for the course. SLE and Nigeria are changing for the positive - now all we have to hope for is, given OF character traits is that he doesn't overplay his game but rather he concentrates, for what must be for him the boring job of company financial consolidation.