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
  +0.00p +0.00% 34.75p 34.75p 35.00p - - - 0 06:30:09
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.1 -160.5 -372.8 - 156.38

San Leon Share Discussion Threads

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DateSubjectAuthorDiscuss
24/7/2017
15:54
hxxp://nnpcgroup.com/PublicRelations/NNPCinthenews/tabid/92/articleType/ArticleView/articleId/821/British-Government-to-Invest-in-Pipeline-Infrastructure-Gas-Power.aspx British Government to Invest in Pipeline Infrastructure, Gas, Power The British Government has expressed its readiness to invest in pipeline infrastructure, renewable energy, gas and power of the Nigerian Oil and Gas Industry. British High Commissioner, His Excellency, Mr. Paul Arkwright, made this disclosure when the Group General Manager, Group Public Affairs of the Nigerian National Petroleum Corporation, Mr. Ndu Ughamadu, paid a courtesy visit to the Chancery of British High Commission in Abuja. Mr. Arkwright noted that the British Government had genuine investment interest in the Downstream, Midstream and Upstream sectors, stressing that the British Department for International Trade was ready to liaise with the Federal Government to invest in the country. The High Commissioner also urged the Federal Government and the NNPC to organize a road show in London to create awareness on the possible investment opportunities available in the Nigerian Oil and Gas sector. Mr. Arkwright disclosed that so many British investors had funds which they were willing to invest in Nigeria, stressing, however, that the process of obtaining Nigerian visa in United Kingdom was cumbersome with three different levels of visa procurement fees as well as Nigeria’s postal order system. In his response, NNPC’s spokesman, Mr. Ughamadu, on behalf of the Group Managing Director of the Corporation, Dr. Maikanti Baru, condoled with the British Government over the recent terror attacks in the United Kingdom. Ughamadu, who lead the NNPC delegation, commended the High Commissioner for the Commission’s promptness in issuing visas to officials of the Corporation. He assured that NNPC would sustain the cordial relations.
linksdean2
24/7/2017
07:39
By Vanguard News On Apr 11, 2017 Midwestern, 2 banks in $20m investment scam Stakeholders of Midwestern Oil and Gas Company Limited are at daggers drawn over the alleged conversion of their investment worth $20 million by Onajite Paul Okoloko to a non-related transaction to fund his other investment deals with Eroton Exploration and Production Company Limited.
chart trader2000
24/7/2017
07:31
Nigeria's Securities and Exchange Commission (SEC) is probing Oando, an oil company owned and run by Wale Tinubu, a cousin of former Governor Bola Tinubu of Lagos State. Mr. Bola Tinubu, the national of the All Progressives Party (APC), is also in business partnership with Mr. Wale Tinubu. A petition by two of Oando’s shareholders triggered SEC’s investigation of the oil firm, SaharaReporters learned. The two petitioners are Dahiru Mangal and Italian businessman, Gabriel Volpi. Both petitioners have filed at least four lawsuits against Oando following a wrecked business move in which the firm acquired oil infrastructures from CONOCO Phillips in Nigeria. The questionable deal cost Oando $1.5 billion. Mr. Volpi reportedly gave Oando’s Wale Tinubu the sum of $900 million to effect the deal. In addition, Mr. Mangal reportedly contributed $250 million while former Vice President Atiku Abubakar contributed $50 million to the purchase which proved a disastrous investment for Oando. The petitioners are alleging mismanagement and ownership fraud on the part of the company’s operators. A source at SEC said the commission’s investigators had so far found evidence that Oando had “been cooking its books for the past six years, creating the impression that it was making a profit when in fact the company was swimming in debts and overburdened by mismanagement.”; .............. a company in Nigeria cooking it's books, swimming in debt, who would have thought that likely ? the only thing that speaks is cash or lack of it. remember that Eroton have missed their last four debt payments, u shouldn't have to wonder why even if u are an idiot.
chart trader2000
23/7/2017
13:04
TSA: NNPC, banks deny concealing FG’s $793.2m Published July 22, 2017 Oyetunji Abioye and Okechukwu Nnodim The Nigerian National Petroleum Corporation on Friday reacted to reports that it colluded with some banks to prevent the remittance of $793.2m into the Treasury Single Account as directed by the Federal Government. Its Group General Manager, Group Public Affairs Division, Ndu Ughamadu, in a statement issued in Abuja, stated that the allegation was not only misplaced but equally misleading. The Federal High Court in Lagos had on Thursday ordered seven commercial banks to temporarily remit a total of $793.2m allegedly hidden by them for the oil firm and its subsidiary in contravention of the Federal Government’s Treasury Single Account policy. According to the court, the concerned banks are United Bank for Africa Plc, Diamond Bank Plc, Skye Bank Plc, First Bank Limited, Fidelity Bank Plc, Keystone Bank Limited and Sterling Bank Plc.
chart trader2000
23/7/2017
12:51
Meet Nigeria's Overdraft Billionaires - Politics - Nigeria www.nairaland.com/345267/meet-nigerias-overdraft-billionaires 30 Oct 2009 - Mid-Western Oil and Gas Company promoted by Onnojite Okoloko and Adams ... Bank PHB topped the list of the debt-ridden banks with N170 billion .... they rob Peter[share holders] to pay Paul[employees and themselves].
chart trader2000
23/7/2017
12:39
10 Apr 2016 - 15:12:35 - 7024 of 7984 San Leon Energy Thread - SLE Going concern The Company's Condensed Consolidated Interim Financial Statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities and commitments in the normal course of operations. For the nine months ended September 30, 2015, the Company incurred a net loss of $23.4 million (September 30, 2014 - income of $19.1 million). In addition, the Company has total borrowings of $200.5 million and a working capital deficit of $88.9 million. As discussed in Note 11, the Company's moratorium on principal payments, on its total borrowings of $200.5 million, expires in March of 2016. At that point in time Mart will return to being responsible for funding 100 percent of capital expenditures related to the Umusadege field. Consequently, unless there is an immediate and significant increase in oil prices, amendments to the terms of existing credit facilities and a substantial equity raise, Mart will have limited access to capital and does not expect to have working capital sufficient to finance its ongoing operations or its forthcoming principal repayments and capital expenditure obligations. Mart Resources ............ more debt now sitting in Midwestern ?
chart trader2000
23/7/2017
12:00
Exclusive: After Emptying Delta Treasury; Governor Uduaghan Begins Sale Of Delta Properties In Last Minute Loot February 6, 2015 Fejiro Oliver Call Delta State a finished State and one may not be wrong; call it a financial broke State and the nail have just been hit in the head. While electioneering campaign takes place around the state by the three guber aspirants, namely Ifeanyi Okowa of the Peoples Democratic Party (PDP), O’tega Emerhor of the All Progressive Congress (APC) and Great Ovedje Ogboru of the Labor Party (LP), what they don’t know is that should any of them emerge as the governor of the state come February 28th 2015, he should be ready to use the next four years in servicing debts owed by the current government, while also counting the loss of properties formerly owned by the state. Exclusive documents with File No.F.101l T12111 obtained by this reporter revealed that two properties belonging to the state has been penciled down for sale and unless the people cry out to stop this, the properties are gone for good. According to the document in possession which was written to the Governor by Kenneth Okpara, Commissioner for Finance on January 2015, but approved for sale on 2nd February 2014 during the State Executive Council meeting (SEC); it was ratified by His Excellency, Governor Emmanuel Uduaghan for the approval of the sales of Delta State Government Investment in Guaranteed Consolidated Notes, Midwestern Oil and Gas Limited, Transcorp Ughelli Power Limited. This companies owned by Deltans according to the documents was purchased by Messrs BGL Limited, the State Investment Adviser on behalf of the Government with value currently valued at over one billion Naira (N1, 811,678,696. 73). The exact value of the State investment in MOGCL is put at N7.84 billion for 20% or 10 million shares of the company’s equity which is the equivalent value at $218 million or N39.24 billion. In a clear financial miscalculation, considering the current knowledge that a dollar is now over N200, the Delta State Government lied that the 5 million shares proposed for sale is expected to yield $21.8 million or N3,294,000.00 at an EXCHANGE RATE OF N180 to the DOLLAR, while Transcorp Ughelli when sold eventually to yet to be identified bidders, which political analysts believes will be bought by the governor’s cronies will bring an expected value of not less than N2 billion, whereas the State invested N1.384 billion in the project. The calculation of being unsure therefore means that the government is not sure of the exact value it will bring to the state coffer.
chart trader2000
23/7/2017
09:36
The1970s Posts: 37 Off Topic Opinion: No Opinion Price: 34.4146 RE: Vested Shareholders are employe.. Sat 19:15Weird how you detractors all posts the same take a look at si b7erance, callas or callous!, the other non holder on advfn chart trader2000 every one of you post exactly the same ie as if it were the same person, it is very uncanny that si says he still holds after all these years of detraction. ............ oh dear, u really have it bad maybe u should seek help ?
chart trader2000
23/7/2017
09:34
chart trader2000 - 18 Jul 2017 - 12:53:00 - 33002 of 33046 San Leon Energy - The New Positive Thread - SLE Midwestern produced 2,285,814 barrels of oil for the year ending 30 Mar 2017, so that's 191k barrels of oil per month, so on an average month 6,349 bopd. ............ oh dear, that's your reading problem again.
chart trader2000
22/7/2017
19:46
By Vanguard News On Apr 11, 2017 Midwestern, 2 banks in $20m investment scam Stakeholders of Midwestern Oil and Gas Company Limited are at daggers drawn over the alleged conversion of their investment worth $20 million by Onajite Paul Okoloko to a non-related transaction to fund his other investment deals with Eroton Exploration and Production Company Limited.
chart trader2000
22/7/2017
19:39
By Sani Tukur Three major players in Nigeria's oil sector - Kola Adesina, Onajite Okoloko and Abubakar Tambuwal - have been linked to the $115 million (N63 billion) allegedly distributed as bribes to some officials of the Independent National Electoral Commission by former Petroleum Minister, Diezani Allison-Madueke, during the 2015 general elections. Mrs. Alison-Madueke, who is currently in the UK where she is being investigated for money laundering, allegedly gave the bribes to the officials in the build-up to the elections to ensure the re-election of former President Goodluck Jonathan. Mr. Jonathan was the candidate of the Peoples Democratic Party in the March 28, 2015 presidential election. The Resident Electoral Commissioner for Cross River State, Gesil Khan, who was then in Rivers State, allegedly got N185, 842, 000 from the money. Others allegedly bribed were Fidelia Omoile (Electoral Officer in Isoko-South Local Government Area of Delta State) - N112,480,000; Uluochi Brown ( INEC's Administrative Secretary in Delta State) - N111,500,000; a former Deputy Director of INEC in Cross River State, Edem Effanga - N241,127,000 and the Head of Voter Education in INEC in Akwa Ibom, Immaculate Asuquo - N214,127,000. The EFCC believes the $115 million was provided by Northernbelt Gas Company, Midwestern Oil and Gas, Auctus Integrated Investment Limited and Lenoil Company limited, all of which allegedly paid the money to Fidelity Bank before the funds were distributed to the electoral officials involved in the scam. The Commission also said it believed the $115 million came from the proceeds of stolen crude oil.
chart trader2000
22/7/2017
19:36
How Ibori, Uduaghan Took Out $30m From Midwestern Oil and Gas Company To Rig 2015 Delta State Election Investigations by SaharaReporters reveal that Midwestern Oil and Gas, an oil company cited by agents of the Economic and Financial Crimes Commission (EFCC) in the distribution of slush funds provided by former Petroleum Minister, Diezani Alison-Madueke, was registered by the Delta State government in 1999 during the tenure of Governor James Ibori, currently serving a 13-year-old jail term in the United Kingdom. Our investigative team found out that the firm was used to earmark more than $30 million that former Governor Emmanuel Uduaghan plowed into electoral campaigns in Delta State. BY SAHARAREPORTERS, NEW YORKJUN 18, 2016 Investigations by SaharaReporters reveal that Midwestern Oil and Gas, an oil company cited by agents of the Economic and Financial Crimes Commission (EFCC) in the distribution of slush funds provided by former Petroleum Minister, Diezani Alison-Madueke, was registered by the Delta State government in 1999 during the tenure of Governor James Ibori, currently serving a 13-year-old jail term in the United Kingdom. Our investigative team found out that the firm was used to earmark more than $30 million that former Governor Emmanuel Uduaghan plowed into electoral campaigns in Delta State. Our sources in the state revealed that Mr. Uduaghan, a cousin to imprisoned former Governor James Ibori, acted in concert with the former governor who played a key role in state elections despite his incarceration. Our investigations also showed that Midwestern Oil and Gas has since mutated several times, with the firm’s equity stake sold off to numerous cronies of former Governor Ibori, leaving Delta State with a mere 15% interest in the company. According to investigations by Premiumtimes.com, Midwestern Oil and Gas was initially registered as a company owned by the government of Delta state on December 15, 1999. The company was registered with 50 million shares, which was increased to 150 million shares in 2012. Its registration number is RC: 370639. The initial directors in the company were the permanent secretaries representing the state’s Ministries of Commerce, Tourism and Cooperation, Ministry of Finance and Economic Planning as well as the Solicitor General and permanent Secretary, Ministry of Justice. Company documents at the Corporate Affairs Commission (CAC) in Abuja show that the company has changed directors more than 20 times since its incorporation in 1999. Currently, 19 corporate entities own 50 million shares in the company. There are no documents to indicate who owns the remaining 100 million shares belonging to Midwestern Oil and Gas limited. The company’s current directors include Onajite Okoloko, Adams Okoene, Charles Odita, Gbesimi Akperi, Kweku Mensah Sagoe and Chrisehi Omoru. Others are Kennedy Uwagboe, Chukwuemeka Okwuosa and Victor Okolo. Three politically connected sources in Delta State told SaharaReporters that the ownership of Midwestern Oil and Gas was now solely in the hands of Mr. Ibori and his cronies. Our investigation further revealed that Midwestern Oil and Gas was the vehicle used in laundering funds used for the 2015 elections in Delta State. In addition, a portion of the funds sourced through the firm found its way into the campaign war chest of former President Goodluck Jonathan. One of the firm’s directors, Jite Okoloko, arranged to make a contribution of $9.1m to Mr. Jonathan’s campaign. Our investigations revealed that former Governor Uduaghan arranged to take out more than $30m from the company’s account to fund the primaries election of David Edevbie, former Governor Ibori’s ex-Commissioner of Finance and later Principal Secretary to the late President Umaru Yar’Adua. After Mr. Edevbie’s bid to become a governorship candidate failed, Mr. Uduaghan funneled the rest of the money to help fund Governor Ifeanyi Okowa’s election. Our sources disclosed that the funds taken from Midwestern Oil and Gas Company Ltd went specifically to bribing officials of the Independent National Electoral Commission (INEC) to rig elections for former President Jonathan and Mr. Okowa. While INEC officials delivered Delta State to Mr. Okowa, they could not help Mr. Jonathan even after his figures were inflated by almost 300%.
chart trader2000
22/7/2017
11:34
Allegations relating to directors of ECP-backed companies in Nigeria As widely reported in the Nigerian and international media, several of the directors of ECPbacked companies in Nigeria, and in some cases the companies themselves, have been named in corruption investigations undertaken by the Nigerian and/or UK authorities. Some of the named individuals have also been charged with corruption-related offences and two have had their bank accounts frozen. Some of the individuals reported to be under investigation are alleged to be associated with former Delta State Governor James Ibori. Further details are set out below: 16 • Erastus Akingbola Erastus Akingbola is a former managing director of Intercontinental Bank. Media reports indicate that in April 2010, a high court in Nigeria’s capital, Lagos, froze Akingbola’s national assets and over £9 million of international assets after he was charged inter alia with conspiracy to grant unsecured credit facilities, conspiracy to manipulate share prices, reckless consideration of credit facilities without adequate security, and a failure to present monthly statements of account to the Central Bank.135 The charges followed the collapse of Intercontinental Bank and the removal in August 2009 of its Managing Director and Executive Directors on the orders of the Governor of the Central Bank of Nigeria.136 • Henry Imasekha Henry Imasekha is currently listed on Notore’s board of directors.137 Imasekha is repeatedly named in the 2007 EFCC affidavit as an accomplice in James Ibori’s alleged laundering of corruptly obtained funds and is specifically described as “the character moving funds in Celtel, OandO and Notore Chemical Industries.”138 Media reports refer to Imasekha as “Ibori’s brain,” and Ibori’s “business front.”139 Imasekha is reported to have been named in money laundering charges in the United Kingdom.140 The charge sheet, as reproduced on a public website, alleges that, contrary to Section 327 of the Proceeds of Crime Act 2002, Imasekha conspired with Ibori and others to conceal, disguise, convert and transfer US$10 million in criminal property.141 Questions have also been raised in the press about Imasekha’s possible role in a recent collapse of several of Nigeria’s banks, including Intercontinental Bank,142 largely because of their excessively high proportion of non-performing loans. Imasekha is named in a public notice issued in 2009 by the Central Bank of Nigeria ordering him and other “defaulting customers of the affected banks to pay without further delay their indebtedness, failing which the banks will take all appropriate legal actions to ensure repayment”.143 Separately, Imasekha is reported to have been a defendant in a lawsuit filed in the Nigerian Federal High Court in 2007 by the President of the Nigerian Stock Exchange, alleging the unlawful sale of shares in two companies, OandO Networks 17 Ltd and Bromley Investments Ltd, to Delta State Ministry of Finance Incorporated and Delta State Government.144 In May 2010, Imasekha was reported to have fled to Ghana,145 following further corruption charges against Ibori. • Michael Orugbo Michael Orugbo, a Nigerian, is a board director of Notore,146 and is named in the 2007 EFCC affidavit in relation to his role in the acquisition of NAFCON.147 He is reported to be a former Ibori aide and would therefore be deemed a Politically Exposed Person.148 • Onajite Okoloko Onajite Okoloko, a Nigerian, is the CEO of Notore, 149 a founding director of the OandO Group150 and a current director of OandO.151 In an interview with Next, a Nigerian news group, Okoloko is reported to have said that he is a personal friend and school classmate of Ibori, although he denied any business links.152 Okoloko is named, along with Imasekha, in the Central Bank of Nigeria’s 2009 public notice ordering him to pay his debts to the collapsed banks (see above).153 ............. got previous form for a reluctance to settle his debts.
chart trader2000
22/7/2017
09:36
4 – BISHOP DAVID OYEDEPO List of Nigerians with Private Jets 11 He is the head of the Winners Chapel, one of Nigeria’s most popular churches and he has a total of four jets: .................. crikey, that's one way to get nearer to 'god'.
chart trader2000
22/7/2017
09:19
Nigeria: The Untold Story of Skye Bank 2016 Nigeria's Central Bank Swoops In on Struggling Skye Ban Skye Bank. By Ijeoma Nwogwugwu Last week, the Central Bank of Nigeria (CBN) confirmed our worst fears when it stepped in and sacked the board of directors of Skye Bank Plc, a Tier 2 bank, but systemically important enough to cause a contagion on the rest of the banking system in the event of failure. The central bank's action was not unexpected. Several market analysts had suspected since the last quarter of 2015 that the bank was reeling from the burden of non-performing loans, liquidity and capital adequacy ratios that had fallen below regulatory requirements, and a weakening of the macroeconomic environment. The foreboding was further heightened when Skye Bank, among four other banks, issued a profit warning that the market noted. In rationalising the removal of the bank's chairman, managing director, other non-executive and some of its older executive directors, the CBN governor, Godwin Emefiele, said the intervention had become unavoidable in view of the persistent failure of Skye Bank to meet minimum thresholds for critical prudential and adequacy ratios, which culminated in the bank's permanent presence at the CBN's lending window. In particular, he said, Skye Bank's liquidity and non-performing loan ratios had been below and above the required thresholds respectively for quite a while. He was silent, nonetheless, on what the central bank's examination report of the bank had unearthed. Emefiele was also unwilling to divulge Skye Bank's financial results for full year 2015, in order to forestall a further deterioration of the bank.
chart trader2000
22/7/2017
09:12
chart trader200015 Jul '17 - 17:21 - 32879 of 33035 1 0 Edit Nigeria's Securities and Exchange Commission (SEC) is probing Oando, an oil company owned and run by Wale Tinubu, a cousin of former Governor Bola Tinubu of Lagos State. Mr. Bola Tinubu, the national of the All Progressives Party (APC), is also in business partnership with Mr. Wale Tinubu. A petition by two of Oando’s shareholders triggered SEC’s investigation of the oil firm, SaharaReporters learned. The two petitioners are Dahiru Mangal and Italian businessman, Gabriel Volpi. Both petitioners have filed at least four lawsuits against Oando following a wrecked business move in which the firm acquired oil infrastructures from CONOCO Phillips in Nigeria. The questionable deal cost Oando $1.5 billion. Mr. Volpi reportedly gave Oando’s Wale Tinubu the sum of $900 million to effect the deal. In addition, Mr. Mangal reportedly contributed $250 million while former Vice President Atiku Abubakar contributed $50 million to the purchase which proved a disastrous investment for Oando. The petitioners are alleging mismanagement and ownership fraud on the part of the company’s operators. A source at SEC said the commission’s investigators had so far found evidence that Oando had “been cooking its books for the past six years, creating the impression that it was making a profit when in fact the company was swimming in debts and overburdened by mismanagement.”; .............. a company in Nigeria cooking it's books, swimming in debt, who would have thought that likely ? the only thing that speaks is cash or lack of it. remember that Eroton have missed their last four debt payments, u shouldn't have to wonder why even if u are an idiot.
chart trader2000
22/7/2017
09:09
He is a founding partner of the Ocean &Oil/Oando Group and is a former member of the Board of Union Bank of Nigeria
chart trader2000
22/7/2017
09:08
Onajite Okoloko is the Group Chief Executive Officer and Group Managing Director of Notore Chemical Industries Limited. In 2005, he assembled a team of investors to acquire the assets of the former NAFCON and is a core investor in the consortium that includes Emerging Market Partners and the Egyptian Fertiliser Company, now owned by the Orascom Group. He later successfully completed the largest single loan syndication of Nigerian banks, when Notore raised $222 million amongst 9 Nigerian financial institutions. Onajite is a founding partner of the Ocean & Oil Group. He is a former member of the Board of Union Bank of Nigeria PLC and is the Chairman of Midwestern Oil and Gas PLC. Prior to his return to Nigeria in 1994, he worked in the USA. Onajite was appointed a member of the Presidential Committee on Oil and Gas in 2004 as the sole representative of the private sector. He is an active member of the Nigerian Economic Summit (Policy Formulation) Group. He is also a member of the National Technical Working Group of the Nigeria Vision 2020.
chart trader2000
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