Member Info for BlackSwan

QF - Thanks for your detailed reply final payment 3rd quarter of 2018.- good.

bandit1 - Thanks for that - we owe them money can SLE clear this creditor how long will these payments co on for?

Palomar - seems to be short of cash, guess the cash will turn up sooner or later. YA II PN Ltd -""The Company has also made its agreed Q4 2017 payment to YA II PN Ltd (formerly known as YA Global Master SPV Ltd), an investment fund managed by Yorkville Advisors Global LP ("Yorkville")". Anybody have on the tip of their pen who these guys were - save me hunting around - is this an ongoing payment ad infinitum?

Tosca is going to make a fortune out of this company - EVENTUALLY - and good luck to them.

Taking a more positive attitude than normally appears on this BB the contents of the SP Angel report - yes I know it was written in 2016 - gives a extremely detailed and to my mind a balanced summary of the opportunities and risks SLE has faced and will face in the future and the future looks particularly good. It is certainly a positive read of SLE future options and making it all the more understandable why Tosca and others continued to show an interest in investing/supporting the company financially as it endeavors to enter into what must be one of the more complex and prolific oil and gas structures of the world and for those interested in geology the report is well worth a read for the information it provides on the geology of the Atlantic margins and the Niger Delta in particular. The good news bottom line for believers is that it gives a price per share unrisked at 1401p and risked 101p - if such a scenario were to play out it would more than make up for the torrid ride us long term holders have had to put up with over the last 6-7 years. http://www.uploadlibrary.com/SPAngel_ZacPhillips/Research/SLE/SLELN201609B Happy New Year indeed to all long term holders.

The 2018 question of the year for me will be to ask how far will SLE (aka Tosca) be prepared to back into MLPL ownership given that MLPL are unable to meet down stream cash flows - the great game continues. Merry Xmas to all genuine holders - Black Swan.

Tosca's increased investment into SLE at this point does look as though the cash flows from NNPC MW Eroton Bidco SLE won't be appearing anytime soon - I had hoped they were imminent and we would not have had to actually make use of the Tosca financing package to pay Avobone - seems not. Freddie the Fence's comment at Thurs time 00:05 over on Interactive Investors bulletin board are highly relevant - thanks for burning the midnight oil Freddie.

Interesting speculations going on over on III bulletin board vis RTO - OF just can't resist wheeling and dealing - it's in the nature of the man - don't expect anything to happen till Avobone payments cleared - roll on 2018..

Bony Top of the world WTI CRUDE • 58.40 +0.41 +0.71% BRENT CRUDE • 65.36 +0.67 +1.04% MARS US • 60.24 +0.83 +1.40% OPEC BASKET • 61.03 +0.30 +0.49% URALS • 61.58 +1.23 +2.04% LOUISIANA LIGHT • 63.13 +1.08 +1.74% BONNY LIGHT • 64.66 +0.93 +1.46% MEXICAN BASKET • 53.19 +1.06 +2.03% NATURAL GAS • 10 mins 2.838 +0.010 +0.35%

Rise it will - after all it's christmas and all good boys and girls deserve Xmas presents - for naughty non holders and derampers (you know who you are) you could always buy in as the SP soars to 130p and beyond - Merry Xmas to all genuine holders.

Is this all about giving SLE a reason to stay suspended till we have cleared Avobone payments - protecting the share value from crashing between now and Jan MMM ?

SLE announcement - clear as mud?? 08 December 2017 San Leon, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, provides an update on its discussions with Midwestern Oil and Gas Limited (“Midwestern”). On 3 November 2017, the Company announced that it had received an indicative proposal that included San Leon acquiring Midwestern’s shares in Midwestern Leon Petroleum Limited (“MLPL”). Whilst not part of the written indicative proposal received by the Company, discussions included the possibility of an offer, as defined in the Irish Takeover Code (an “Offer”) by Midwestern for the issued and to be issued share capital of San Leon. Discussions continue between San Leon and Midwestern about a transaction that, if concluded, could constitute a Reverse Takeover under the AIM Rules for Companies. Therefore, the Company’s ordinary shares will remain suspended from trading pending the termination of these discussions or the publication of an Admission Document. These discussions may or may not lead to a transaction being completed between San Leon and Midwestern. However, Midwestern has now confirmed to the board of San Leon that it does not intend to make an Offer. A further announcement will be made in due course.

Speculatin Oil price futures - The conflict will also force a dramatic growth of oil prices. According to various experts, $150 per barrel can be expected by the end of the first month of any potential future conflict, if it is to occur.

Good - well found Frus - interesting let's hope this time he gets lucky!

GPB - Yes thanks first reading it was another cash call getting jittery till we get the cash from NNPC thanks.

Jeez another charge on the balance sheet Eu 7.5 mio

OPEC ministers have agreed to extend their production cuts until the end of 2018 - agreeing with the Saudi-proposed 9 month extension - and discussions have now moved on to the mechanism that will be used to review the agreement in the middle of the year.

Revised payment for SLE game on again. Further to the announcements on 1 November and 10 November 2017, San Leon, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, announces that Avobone has withdrawn the petition to wind up the Company before the High Court of Ireland in Dublin. The agreed payment schedule in respect of sums owed by San Leon to Avobone (including interest and costs), is as follows: � �4.2 million on or before 27 November 2017, which has been paid � �3.3 million on or before 19 December 2017 � �8.3 million on or before 15 January 2018

Jeez - BBS now into fake RNS news - ID squabbling - share ownership disputes - "fun" comments - the whole world is here - enjoy your week end if you are capable. - SLE will survive and the oil price is rising. WTI CRUDE � 58.41 +0.39 +0.67% BRENT CRUDE � 63.11 -0.13 -0.21% MARS US � 60.12 +0.99 +1.67% OPEC BASKET � 61.10 +0.61 +1.01% URALS � 60.26 +0.00 +0.00% LOUISIANA LIGHT � 62.94 +0.80 +1.29% BONNY LIGHT � 63.53 +0.27 +0.43% MEXICAN BASKET � 53.62 +0.50 +0.94% NATURAL GAS � 3.047 -0.01 -0.39%

RM - My understanding was that the court appearance you refer to was to issue a specific performance so I don't see how the adjournment was particularly helpful for SLE as we need the specific performance order and we need it now - Is there something I am missing here? The barrister for San Leon said the specific performance order would stop Avobone seeking to liquidate San Leon before the agreed payment deadline. He said the �14.7m would be paid by January 15, as agreed. The order would also �restrain� Avobone from advertising a proposed liquidation of San Leon. O�Hanlon said she was satisfied to give short notice, allowing the court papers to be served immediately on Avobone, and the case is due to return to court on Tuesday.