Member Info for ManuDave

I managed another £1k at 1.725 / 1.75 this morning.

It had to be done in two buys though as couldn't buy £1k in one go

A few buys coming in now... new investors or old?

Looking good - nice to see ;)

Welcome W2NCY.

Hope you have plenty of patience...............or good luck! :)

RNS Number : 4815P

San Leon Energy PLC

10 October 2023

Prior to publication, the information contained within this announcement was deemed by the Company to constitute inside information for the purposes of Regulation 11 of the Market Abuse (Amendment) (EU Exit) Regulations 2019/310. With the publication of this announcement, this information is now considered to be in the public domain.

10 October 2023

San Leon Energy plc

("San Leon" or the "Company")

Investment of up to US$187 million from a strategic investor

and

further investments into ELI

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, is pleased to announce the following significant developments:

1. an investment of up to US$187 million by Tri Ri Asset Management Corp. ("TRAM") into San Leon; and

2. further investments by San Leon in Energy Link Infrastructure (Malta) Limited ("ELI") using the proceeds of the TRAM investment, making San Leon the largest and majority shareholder in ELI with approximately 55 per cent. of the company.

Oisin Fanning, Chief Executive Officer of San Leon, commented:

"It is no secret that the past few months have been difficult for San Leon, as they have been for many businesses, but it is testament to the determination and commitment of our team that we have secured one of the largest fundraisings by an AIM oil & gas company in recent years. In addition, and in line with our announcements over the past year, we have aligned San Leon with a strategic funding partner who has been able to commit a greater level of support than our previous proposed lender, through an innovative investment arrangement which includes them becoming a major shareholder of our Company.

"Importantly our partnership with TRAM enables us to fulfil our long-held strategy of becoming the majority shareholder in ELI. It is no understatement to say that the commissioning of the FSO Akaso Terminalis a game changer, not only for OML 18 but for the entire industry in that region. We are confident that the FSO and the ACOES pipeline will be a significantly profitable and cash-generative project from which San Leon expects substantial upside."

Asad Ali, Chief Investment Officer of Tri Ri Asset Management Corp., commented:"We are delighted to announce this financial partnership with San Leon which we expect is the start of a long-term relationship. We have come to know Oisin and the team well in recent weeks and their professionalism and understanding of Sub-Saharan Africa is a strong fit for our investment criteria and we are looking forward to working with them in fulfillment of their strategic objectives. We believe that the scale of OML 18 and the efficiencies that ELI's new infrastructure will bring represents a very exciting opportunity for us and all investors in San Leon."

Overview and summary of the investment in San Leon by TRAM

The Company has entered into documentation with TRAM in rel

"Definitely, can't be any worse than the current shower."..........oooh I don't know redeye - you do know Searcher don't you?

Only joking Mr Searcher! :)

"aims to develop in partnership with the Government of Bangladesh." did catch my eye too - as others have mentioned. Or am I just clutching.....?

Yes decent find Searcher - thanks for your continual effort for the bb!

There wasn’t masses of buying today, but we see ‘a bit’. I wonder if it was on the back of that small bit of news out?

I would love to know who the seller is that almost automatically triggers a sell after any buys we see. Most intriguing or actually annoying truth be known!

Hopefully this will be the beginning of more news along these lines.

Madness by the looks......rolls eyes.

Took a few more at 2.475p

Genius or madness….. time will tell!

500,000 at 4.265p = £21.33k delayed trade just give through

Crikey we’ll be getting a speeding ticket at this rate!

I hope this rise isn’t orchestrated to get the sp above 4/5 so we can find raise at 3p.

Bit sceptical having been here for 15 years, but something has to happen ‘soon’ surely?

Gla

“ Police bar BNP procession against power cuts”

It’s pretty poor that eh.

Slowly slowly rising….. shhhhhh! :)

I put it down to Searchers little bit of research and my big buy closetttader! :)

All jokes aside you are right. When this moves it really moves. Mounting pressure now to use their own coal…. But from where…? :)

468,516 @ 3.10 = £14.52k

Wasn’t mine…. :)

Both those 32’s were mine - Rockafella’s eh!

Actually it was the sell - 37,343 @2.95 that was my buy mate.

Morning Searcher. It’s getting worse by the week over there now.

Just bought a few more as I’m a glutton for punishment:).

That’s a nice find mate.

Could it just be……

335,000 - £10.05k delayed trade.

Not massive, but hopefully a start of better things to come…..

("GCM" or the "Company")



Advisor Update



GCM Resources plc (LON: GCM), an AIM quoted mining and energy company, advises that the broking arrangement between the Company and Monecor (London) Ltd trading as OvalX (previously ETX Capital) has ceased with immediate effect. WH Ireland Ltd will continue to act as the Company's sole broker.







This announcement contains inside information for the purposes of article 7 of the UK version of regulation (EU) no 596/2014 which is part of UK law by virtue of the European Union (withdrawal) act 2018, as amended. Upon the publication of this announcement via a regulatory information service, this inside information is now considered to be in the public domain.





For further information:

Thanks for the feedback Phulbari- much appreciated.