Share Name Share Symbol Market Type Share ISIN Share Description
San Leon LSE:SLE London Ordinary Share IE00BWVFTP56 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +1.15p +4.29% 27.95p 27.90p 28.00p 28.20p 26.70p 26.90p 164,029 16:35:07
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.3 3.0 2.9 9.4 139.82

San Leon Share Discussion Threads

Showing 90726 to 90742 of 90750 messages
Chat Pages: 3630  3629  3628  3627  3626  3625  3624  3623  3622  3621  3620  3619  Older
DateSubjectAuthorDiscuss
26/5/2018
12:34
Date/Time: 24/05/2018 18:02:34 ▼ By Adria Calatayud San Leon Energy PLC (SLE.LN) said Thursday that it will notify Nigeria's authorities that it didn't seek government approval of its acquisition of an indirect interest in an oil asset in the country after receiving legal advice against it. The AIM-listed oil and gas company is in the midst of a legal dispute with SunTrust Oil Company Nigeria Ltd. over outstanding payments for SunTrust's shares in MartWestern Energy Limited--which San Leon bought in 2016. San Leon said it obtained legal advice prior to the purchase which confirmed that, due to the way the transaction was structured, it wasn't necessary to obtain consent from Nigerian authorities. The company said it reconfirmed with its legal advisers Thursday that this position was correct and intends to notify the Nigerian authorities accordingly.
chart trader2000
26/5/2018
12:03
11 May 2018
chart trader2000
26/5/2018
08:19
Niger Delta area faces severe environmental damage after cleanup delays, a report says By Sarah Kent LONDON -- The environmental damage around the site of two Royal Dutch Shell PLC oil spills in Nigeria a decade ago has worsened significantly after years of delay to cleanup efforts, according to a report that the oil giant has been accused of trying to shield from public view. The spills from a ruptured Shell pipeline spewed thousands of barrels of oil over parts of the Bodo fishing community in the crude-rich Niger Delta. Although the company in 2015 reached an out-of-court settlement with the local community, admitting to liability and agreeing to pay GBP55 million, or around $80 million at the time, in compensation, controversy around the case has remained. A United Nations body, in a 2011 report, found extensive environmental damage around Bodo. Four years later, an assessment to prepare the cleanup found soil contamination had worsened while cleanup efforts languished and illegal refining and oil theft added to pollution in the area, according to an academic paper published last month. That has left the community facing potentially toxic pollution and "catastrophic" damage to the environment, the paper said. The 2015 analysis was commissioned by the Bodo Mediation Initiative, a consortium established to oversee the cleanup in the area. Shell is a member of the group along with local stakeholders. At least one of the authors urged the findings to be widely distributed because they pointed to significant health risks to the local community. Kay Holtzmann, the cleanup project's former director, said in a letter reviewed by the Journal that Shell had denied him permission to publish the study's results in a scientific journal. At the time, Shell said the study didn't reveal anything new. It wasn't made public. But the academic paper said the site survey contained new facts. The average surface soil contamination in Bodo had tripled since the original U.N. probe, the paper said. Out of 32 samples taken from the top two inches of soil in the area around Bodo, only one was within Nigeria's legally acceptable limit for oil contamination, the paper added. Shell said Friday that it didn't control the 2015 study and wasn't in a position to grant permission for its release. The study's findings had been shared with locals during regular meetings the consortium in charge of the cleanup organized, it said. The cleanup effort in Bodo began last year. The first phase is expected to be completed next month. There is no fixed deadline for the job to be completed. Remediation efforts were slow to start and stalled repeatedly over court action, local power struggles and protests that prevented cleanup crews from gaining site access. Repeated disputes over how money for the work would be distributed also slowed progress. The increased pollution caused by illegal refining, sabotage and theft, Shell said, added urgency to the local community continuing to allow the company site access to complete the cleanup.
chart trader2000
26/5/2018
08:10
30 June 2015: “2014 saw San Leon move considerably closer to its production and cash flow goal . . . positioning San Leon for near-term production . . . Our Company is now poised to generate cash flow from 2016, starting with the Rawicz gas field, followed by Siekierki, and then joined in 2018 by the Barryroe oil field, offshore Ireland . . . enabling San Leon to transform into a near-term cash-generating producer” .................. oh dear.
chart trader2000
26/5/2018
08:08
Cruncher1 Date posted 2017-06-30 16:33 Subject Historical Fanning RNS statements Votes for this Posting Voted UP 100 times. Message 16 Sept 2010: “Careful planning, expertise and precise engineering will unlock the enormous potential of Tarfaya of up to 50 Billion barrels of oil, to the advantage of all.” 30 Sept 2010: “Shareholders can very much look forward to the future and a portfolio which we are confident will deliver value” 1 Nov 2010: “look forward to developing our assets in order to bring value for all our supportive shareholders." 3 Nov 2010: “confirms our drive to early production in Poland” 7 Dec 2010: “Our focus now turns to commercialising and developing these assets” 22 March 2011: “Ten wells are being drilled before the end of this year, some of which have the potential to be company makers” 3 May 2011: “This is a testament to San Leon's ability to capitalise on opportunities when they arise . . . Will allow us to map a very exciting one billion barrel oil target” 23 June 2011: “our knowledge base and expertise is geared towards delivering near term value for our shareholders" 30 June 2011: “will continue to generate significant value for our shareholders" 31 Jan 2012: “This provides San Leon with a unique and unrivalled pool of knowledge that will accelerate the development of our assets and grow our company further for the benefit of all our stakeholders” 14 Feb 2012: “our strategy to focus on near-term production to generate cash flow” 5 July 2012: “This deal further solidifies San Leon's commitment to developing significant oil and gas reserves in Poland in the near term" 16 July 2012: “a very exciting development for us with the possibility of generating near term cash flow” 29 Aug 2012: “This should help us to accelerate early exploitation and commercial production of this world-class resource." 18 March 2013: “quickly take the project from exploration to development" 30 May 2013: "Results of these tests have been as good as we could have expected and go a long way to building what could be regarded as a Bakken-type resource play” 28 June 2013: “we continued to add value to our key exploration projects . . . The next twelve months will be the most important in the Company's history as we test our major plays and success in any of these projects could prove transformational for the Company" 25 Sept 2013: “expected to make San Leon cash flow positive across the Company's entire portfolio of assets by Q2 2014 and to deliver significant cash flow by Q4 2014 … negating the need to come back to the market for further funding." 30 Sept 2013: “will also create significant value for shareholders through generating cashflows” 27 March 2014: “further validation of our technical and financial commitment to unlocking the significant reserves that exist across our extensive acreage position" 14 April 2014: “We are now on the verge of production and cash flow in our core operating area, Poland" 30 June 2014: “the Company is now poised to move from exploration to production” 21 Aug 2014: “"The Company continues to farm out assets and drill wells to progress towards production and cash flow … Our Timahdit oil shale project continues to show its long-term potential to generate up to 11,000 bopd for 30 years” 30 Sept 2014: “The pipeline of well activity over the coming months (eight wells already confirmed and a further three anticipated in Poland, with one well already drilling offshore Morocco), including the targeting of near-term production, puts the Company in a strong portfolio position . . . San Leon is now well-positioned to target cash flow from production and generate value from asset transactions” 25 Feb 2015: “This well is transformational for the Company” 1 June 2015: “The funds will help transform San Leon into a cash-generating producer, and will bring other assets towards development. The three existing assets expected to generate cash in the coming years (Rawicz, Siekierki and Barryroe) will be the foundation for significant growth and the creation of shareholder value" 30 June 2015: “2014 saw San Leon move considerably closer to its production and cash flow goal . . . positioning San Leon for near-term production . . . Our Company is now poised to generate cash flow from 2016, starting with the Rawicz gas field, followed by Siekierki, and then joined in 2018 by the Barryroe oil field, offshore Ireland . . . enabling San Leon to transform into a near-term cash-generating producer”
chart trader2000
26/5/2018
08:06
San Leon deceiving their own shareholders, could such a thing occur ?
chart trader2000
25/5/2018
13:13
the thing that has never been explained, if u lend a company, Bidco a large amount of money and u own 40% of Bidco, why don't they owe 40% of the amount lent ?
chart trader2000
25/5/2018
11:35
San Leon owns its interest through its wholly-owned subsidiary San Leon Energy Nigeria, oh dear.
chart trader2000
25/5/2018
11:08
SkullBoneToday 10:10 Thanks .. I'm now singing this in my head... https://www.youtube.com/watch?v=m-DZQ80vEVI
chart trader2000
25/5/2018
08:37
another ' dispute ' OF lost, a bit of a pattern forming ?
chart trader2000
25/5/2018
08:29
Suntrust Oil also wants “an order of interlocutory injunction restraining the third respondent from paying to the third defendant and/or the first defendant, San Leon Energy, any dividends/distributions or transfers of money howsoever described, including without limitation, any purported repayment of capital or payment of interest in respect of any purported debt instrument to the first and/or second respondent and/or their agents, nominees and/or privies until the final hearing and final determination of these proceedings.” ............. and there u have the reason for the actions.
chart trader2000
25/5/2018
08:25
Ejiofor Alike Suntrust Oil Company Nigeria Limited has asked a Federal High Court in Lagos to issue a restraining order against San Leon Energy Plc and six other respondents in respect of the ownership of the third respondent, Martwestern Energy Limited. Apart from San Leon Energy, which is the first respondent, the six other defendants in the suit number FHC/L/CS/793/2018 are Midwestern Leon Petroleum Limited, Martwestern Energy Limited, Midwestern Oil and Gas Company Limited, Mart Resources Inc; Minister of Petroleum Resources and the Corporate Affairs Commission (CAC). In the motion on notice dated May 22, 2018 and issued on behalf of Suntrust Oil by a Senior Advocate of Nigeria (SAN), Fidelis Oditah, the plaintiff is seeking among other reliefs “an order of interlocutory injunction restraining the second respondent, Midwestern Leon, from parading itself as a shareholder of the third respondent, Martwestern Leon, or exercising any shareholder right until the hearing and final determination of these proceedings.” Suntrust Oil also wants “an order of interlocutory injunction restraining the third respondent from paying to the third defendant and/or the first defendant, San Leon Energy, any dividends/distributions or transfers of money howsoever described, including without limitation, any purported repayment of capital or payment of interest in respect of any purported debt instrument to the first and/or second respondent and/or their agents, nominees and/or privies until the final hearing and final determination of these proceedings.” In the statements of claim before the court, Suntrust Oil alleged that in order to acquire an indirect economic interest in Oil Mining Lease (OML) 18, San Leon Energy Plc began acquiring direct and indirect interests in 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. “To achieve its aim, San Leon Energy and Midwestern Oil and Gas formed Midwestern Leon Petroleum Limited as a special purpose vehicle to acquire and restore the entire shareholding in the Martwestern Energy outside the framework of the shareholders’ agreement,” Suntrust Oil alleged. The plaintiff also told the court that Midwestern Oil and Mart Resources Inc. transferred all their shareholdings, four million shares each, to Martwestern Energy to Midwestern Leon Energy (Sale Shares), adding that Midwestern Leon did not execute the Deed of Accession as required by Clause 13 of the shareholders’ agreement. Suntrust Oil further alleged that none of the sale shares was offered to it whether pursuant to Clause 11 of the shareholders agreement or otherwise, adding also that at no point did it waive its right of first refusal. In its claim, the plaintiff is seeking 18 reliefs, including “a declaration that by virtue of Clause 11.1 of the shareholders agreement dated November 2013 between the plaintiff and the third, fourth and fifth defendants, no shareholder has the right to sell or transfer or otherwise dispose of all or any part of its shareholding in the third defendant unless and until the shareholder first gives the other shareholders a right of first refusal to buy such shares evidenced by a transfer notice stating the selling shareholder’s intention to sell such shares and setting forth the full terms including the price at which it intends to sell the specific shares.”
chart trader2000
25/5/2018
08:16
Jess1221Thu 19:05 We see the share price going back up and when buy? What’s your thoughts? ............ bought at 36p, welcome to SLE world. that's one consequence of those that post lies about the prospects of the company.
chart trader2000
25/5/2018
08:04
nothing to concern u there, only if u are stupid,
chart trader2000
25/5/2018
07:21
Our financial position is much stronger than when discussions with Midwestern commenced. We are pleased to report that the first three quarterly payments have been received. Consequently, San Leon is now on a solid financial footing with a cash balance of $13.5 million and all material problems with creditors and litigation are behind us. OF 23 April 2018 .............................. oh dear, oh dear.
chart trader2000
24/5/2018
20:09
By Adria Calatayud San Leon Energy PLC (SLE.LN) said Thursday that it will notify Nigeria's authorities that it didn't seek government approval of its acquisition of an indirect interest in an oil asset in the country after receiving legal advice against it. The AIM-listed oil and gas company is in the midst of a legal dispute with SunTrust Oil Company Nigeria Ltd. over outstanding payments for SunTrust's shares in MartWestern Energy Limited--which San Leon bought in 2016. San Leon said it obtained legal advice prior to the purchase which confirmed that, due to the way the transaction was structured, it wasn't necessary to obtain consent from Nigerian authorities. The company said it reconfirmed with its legal advisers Thursday that this position was correct and intends to notify the Nigerian authorities accordingly. ................ or by structuring the deal in a certain way they were able to circumvent the national laws, GL with that approach. Nigeria it's not what u know, it's who u know, nudge, nudge wink, wink.
chart trader2000
24/5/2018
20:02
I bought some shares today just in case!Anyway fellow investors have a look at AEG I personally think that it will multibag.Good luck here!
costax1654x
Chat Pages: 3630  3629  3628  3627  3626  3625  3624  3623  3622  3621  3620  3619  Older
Your Recent History
LSE
GKP
Gulf Keyst..
LSE
QPP
Quindell
FTSE
UKX
FTSE 100
LSE
IOF
Iofina
FX
GBPUSD
UK Sterlin..
Stocks you've viewed will appear in this box, letting you easily return to quotes you've seen previously.

Register now to create your own custom streaming stock watchlist.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P:42 V: D:20180526 19:51:12