San Leon Energy Share Discussion Threads

[o1lman] 25/11/2016 11:23

Jan17 48.56 u$


that's futures price for Jan guess they won't be following your advice ?
if u are thinking of investing here, free world, free choice, keep a close watch on the futures price, if it gets worse things could turn pretty nasty here.

[o1lman] 25/11/2016 11:18

maybe the appropriate time is confusing u, easily done.

[o1lman] 25/11/2016 11:18

that's what the company said, u are intimating they are lieing ?

[o1lman] 25/11/2016 11:16

SLE may be out and about but they are not out and about in the Irish High Court. until then it is impossible for them to pay divis, what part of that do u not understand, I will help u if I can but I doubt if I will be able to make it simple enough for u to understand.

[o1lman] 25/11/2016 11:04

Sep17 52.75

so the fcast price for oil when the next hedge has to be in place is 52.75 u$ less the cost for the hedge. they are going to struggle to pay back debt at a hedged price of 49.25 u$.

[o1lman] 25/11/2016 09:50

of course when they apply to the High Court in Ireland, if u post the date to the board we can all watch to see if they are successful or not, until then all talk about dividends being paid is just sh1te.

[goodgrief] 25/11/2016 09:49

So when are SLE going to be paying a dividend? 2017? 2018?

[o1lman] 25/11/2016 09:48

interest of creditors not prejudiced, the largest creditor is Avobone, oh dear not looking very promising.

[o1lman] 25/11/2016 09:46

yep, didn't think u would be able to understand the above, a lot of words there.

[o1lman] 25/11/2016 09:44

Nigerian Oil Misses Goals After Legal Gridlock Deters Investors

Dulue Mbachu and Elisha Bala-Gbogbo
November 24, 2016 — 2:24 AM EST November 24, 2016 — 2:24 AM EST

Oil majors want clarity on tax rates for deep-water projects
Lost investments total $200 billion: Abuja-based agency
When OPEC exempted Nigeria from its plan to cut oil output for the first time in eight years, it highlighted how far Africa’s biggest producer has fallen.

From January to October, just over three wells a month were drilled in Nigeria, down from a monthly average of almost 22 in 2006, according to petroleum ministry data. While output rebounded to 2.1 million barrels a day from the 27-year low in August, that’s just half the government’s goal at the start of the millennium.

While OPEC members try to implement a deal in Vienna next week, Nigerian lawmakers in Abuja must unblock an eight-year legislative impasse that’s seen oil majors from Royal Dutch Shell Plc to Chevron Corp. quit fields in the West African nation. To end the regulatory uncertainty, Nigeria needs to set tax rates that spur investment in a stagnating deep-water sector and address unrest that has disrupted production in the Niger Delta.

“Any business requires clarity on the operating environment before committing to investments,” said Pabina Yinkere, an energy analyst and head of research at Lagos-based Vetiva Capital Ltd. “The uncertainty surrounding the passage of the petroleum industry bill definitely stalled possibly hundreds of billions of dollars commitments on many projects.”


Since the oil bill was first sent to Nigerian lawmakers in 2008, international producers have sold at least $5.2 billion of assets to local companies. Most of those sales came before oil prices slumped in mid-2014.

Officials at Shell, Exxon Mobil Corp., Chevron, Total SA and Eni SpA declined to comment on the impact of regulatory uncertainty on their operations. Oil majors in joint ventures with state-owned Nigerian National Petroleum Corp. pump about 80 percent of the country’s oil.

Regulatory Uncertainty

The lack of clarity “was one of the main contributory factors behind divestments by Shell, Chevron and ConocoPhillips,̶1; said Antony Goldman of London-based PM Consulting, which advises on risk in West Africa’s oil and gas industry. “No other international company, including the Chinese, were among the buyers.”



Nigeria has been granted an exemption from OPEC’s supply-management plan after output fell as low as 1.39 million barrels a day in August, following attacks by militants on oil pipelines supplying the Forcados, Qua Iboe, Brass River and Bonny export terminals. The conflict, combined with lower oil prices, has blighted the economy which is heading for its first full-year recession in 2016 since 1991, according to the International Monetary Fund.
While exacerbated by low prices and violence in the Niger Delta, the decline in the nation’s oil industry goes back more than a decade as investors reined in exploration, said Goldman. Nigeria’s crude reserves have dropped to less than 32 billion barrels from 37 billion barrels 15 years ago, and far short of a 2010 target for 40 billion barrels, according to Yinkere.

[linksdean2] 25/11/2016 09:43

ha haa!..no nowt..fig he hee he is..go figa!

[o1lman] 25/11/2016 09:38

guess it will be a similar story with the dividends, Eroton are not allowed to pay dividends yet, SLE are not allowed to pay dividends yet. so anyone who posts that they are going to are either stupid or are liars or both.

[o1lman] 25/11/2016 09:37

GoodGrief25 Nov '16 - 09:27 - 28702 of 28704 0 0
So tell me how much shareholder value has OF added?

................

to be fair to OF he is a shareholder and has added a lot of value for himself.

[o1lman] 25/11/2016 09:34

for the numerically challenged I have shown the number of licences SLE actually own.
some of the licences for PGNIG are also identified.

so today's quiz
how many licences do SLE say on their website they have in Poland

a. 4
b. 5
c. 6
d. 7
e. 8
f. 9
g. 10
h. more than 10

[goodgrief] 25/11/2016 09:27

So tell me how much shareholder value has OF added?

[o1lman] 25/11/2016 08:41

remember the new shareholders take no part of the 218 mill euro loss, lucky them.
tough titty if u are a long term holder.
That's just for last year plenty more for this year.

[o1lman] 25/11/2016 08:31

such a shame he doesn't post here any more he was very entertaining.

[triple seven] 25/11/2016 07:54

And the troll awakes