San Leon Energy Share Discussion Threads

[o1lman] 20/11/2016 15:05

One could be forgiven for concluding that the representations made by the largely same management team in recent years are not believed by the industry (hence no farm in) as the excuse of a weak oil price holds no water given the Barryroe farm in process was commenced in a triple digit oil price environment. If this is the case, by extension one could conclude that shareholders have been led a merry dance for years. Quite why the institutions continue to humour ToR Jnr, in particular to the extent that they did with the $72m in early summer this year will be one of life’s enduring mysteries.

>>>>>>>>

because it's not their money and they would rather waste other peoples money than admit they were wrong, sound familiar, it should.

[triple seven] 20/11/2016 13:55

Hope your getting double time for working Sunday's.Going too take a long time to get Ninety thousand pounds back.Happy day's are coming GLA

[o1lman] 20/11/2016 13:11

wasn't SLE the Exploration of the year in Poland last year ? strewth.

[o1lman] 20/11/2016 13:10

Total liabilities 58,278,000 euros


guess they didn't fancy buying a cupboard full of hidden skeletons and taking on the current liabilities from the interims above and the losses for the rest of this year.

[o1lman] 20/11/2016 13:03

honestsid
Posts: 1,308
Observation
Opinion: No Opinion
Price: 44.00
RE: ToscaToday 12:58Mcap about the same as what they owe in legal fees and payments to Avabone then? What are the other debts still owed and running costs not being covered by any income yet?

So that must make SLE worth about nowt then or even minus nowt?

No wonder Tosca had to help them out rather than buy them out.


Reply | Recommend | Report Pspeedo
Posts: 37
Off Topic
Opinion: No Opinion
Price: 44.00
ToscaToday 12:44Could have bought out sle during or before the takeover last year for around £18 million without helping sle with this deal and then paying £97 million in the placing.

Sle Macap is worth more than 18million now!!

[o1lman] 20/11/2016 12:48

u clearly fail to understand the above, concentrate on ' material adverse effect to operate' there are a couple of long words there so u may need to enlist the help of a five year old. GL
why did Shell sell it ? was it to enable Erotron to make the deal of the year, go figa tee hee.

[o1lman] 20/11/2016 12:47

would that be the same hero who posted a 218 million loss last year ? with more losses to come for this year, appears they may be selling anything they can to pay the bills.

[o1lman] 20/11/2016 12:19

The hearings in London's High Court, scheduled to start Tuesday, represent an early test for cases brought by the community of Ogale and a group from the Bille Kingdom. The communities are hoping to hold Shell accountable for environmental damage they claim has been caused by spills from infrastructure operated by Shell's Nigerian subsidiary, Shell Petroleum Development Co. of Nigeria Ltd., or SPDC.

"You cannot fight Shell in Nigeria," the king of Ogale, Emere Godwin Bebe Okpabi, said in a phone interview. "Shell is Nigeria, Nigeria is Shell."
It is a point Shell has already contested in The Hague, where four Nigerian farmers and Friends of the Earth successfully appealed a ruling that was largely in Shell's favor last year, allowing them to pursue a case against the company in the Netherlands. The next hearing in the case is scheduled for Thursday.

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

SLE has been 'unlucky' with litagtion, maybe their bad luck will continue.

[o1lman] 20/11/2016 12:15

Headline: DJ Shell Fights Lawsuits Over Environmental Record in Nigeria
Date/Time: Sat 19th Nov 2016 12:00:00 ▼



By Sarah Kent
LONDON -- Royal Dutch Shell PLC is fighting lawsuits this coming week in London and the Netherlands over its environmental record in Nigeria, highlighting the quagmire of problems the energy company faces there as it tries to pivot away from the West African nation.
The oil-rich Niger Delta has generated billions of dollars for Shell over the past 60 years, but the company's operations have been plagued by sabotage, theft and oil spills that ravaged the local environment.
Though Nigeria was one of its most prolific regions for crude production in 2015, Shell has sold off tracts of onshore oil fields. Its new focus -- sealed with the mammoth $50 billion acquisition of BG Group PLC this year -- is deep-water wells off the coasts of the U.S. and Brazil and a historic shift toward natural gas that puts it at the forefront of oil companies offering a more climate-friendly image to investors.
The flurry of lawsuits Shell is facing for oil spills from its Nigerian operations are a legacy of decades of drilling that now carry financial and reputational risks at a time when the company is contending with the slump in oil prices.
The hearings in London's High Court, scheduled to start Tuesday, represent an early test for cases brought by the community of Ogale and a group from the Bille Kingdom. The communities are hoping to hold Shell accountable for environmental damage they claim has been caused by spills from infrastructure operated by Shell's Nigerian subsidiary, Shell Petroleum Development Co. of Nigeria Ltd., or SPDC.
Shell is expected to argue that only the subsidiary should be held liable and that the cases should be heard in Nigeria, SPDC's base and where the incidents took place.
"This litigation is divisive, it's costly, it's time consuming, and asking courts unfamiliar with the reality on the ground in Nigeria does nothing to address the very real problems they're facing like oil theft, criminality and illegal refining," a spokeswoman for SPDC said.
But the communities and their lawyers say seeking justice in Nigeria won't hold Shell responsible for the actions of its subsidiary and is extraordinarily difficult. It can take decades for cases to wind their way through the court system with no relief for land poisoned by oil spills, barren fishing creeks and the foul water that runs from their pumps, they say.
"You cannot fight Shell in Nigeria," the king of Ogale, Emere Godwin Bebe Okpabi, said in a phone interview. "Shell is Nigeria, Nigeria is Shell."
It is a point Shell has already contested in The Hague, where four Nigerian farmers and Friends of the Earth successfully appealed a ruling that was largely in Shell's favor last year, allowing them to pursue a case against the company in the Netherlands. The next hearing in the case is scheduled for Thursday.
Last year, the company said it experienced on average nine oil spills a month caused by sabotage or theft, with a handful of additional spills caused by operational issues. An uptick in violence this year has knocked important export terminals out of action for months at a time, though divestments onshore have helped reduce the overall number of spills Shell has recorded.
Shell blames the spills in the legal cases on third-party interference, like sabotage and theft. Under Nigerian law, the company isn't required to pay compensation for spills caused by sabotage or theft. It also points to illegal refining, a source of pollution in the region that is unrelated to the company's infrastructure.
Shell also maintains that it cleans up all oil spills, regardless of the cause.
These are assertions that the lawsuits in London and The Hague challenge, claiming that Shell has failed to properly clean up oil-spill sites years after oil oozed out of their pipes, and hasn't adequately protected pipelines where spills were caused by third-party damage.
The company has already paid out GBP55 million, or roughly $80 million, to compensate another Niger Delta-based community in a settlement reached last year after they brought a separate lawsuit in London. In that instance, Shell admitted the spills were caused by operational failures.

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

is it worth taking the risk ? of course different risk if u are on a huge salary, a win win situation.

[smithy91] 20/11/2016 10:22

1.

linksdean 13 Jan'11 - 22:51 - 425 of 23123 0 0


2.

linksdean 9 Feb'11 - 21:35 - 951 of 23123 0 0

linksdean 2 Mar'11 - 22:40 - 1175 of 23123 0 0



3.

linksdean 2 Sep'11 - 09:14 - 2888 of 23123 0 0



linksdean 27 Oct'11 - 20:12 - 3362 of 23123 0 0



4.

linksdean 20 Jan'12 - 13:48 - 4374 of 23123 0 0

linksdean 23 Jan'12 - 12:08 - 4423 of 23123 0 0



5.

linksdean 18 Jul'12 - 18:34 - 6786 of 23123 0 0



6.

linksdean - 24 Oct 2012 - 22:50:16 - 10125 of 23124

[smithy91] 20/11/2016 09:31

let's have see how many errors can be stuffed into one post.


1. Rawicz wasn't awarded for nothing.
2. 9 million u$ and one euro does not even pay half of the Avobone bill.
3. SLE does not keep 10% of Siekierki
4. the gas by shat it..fruitloop translation required.

crikey no one wants to be links, he doesn't even post here on ADVFN because even the morons have realised he posts sh!te.

[o1lman] 20/11/2016 09:17

Forcados Shut-In Dashes Nigeria’s Hopes Of Raising Oil Output In 2016

By Tsvetana Paraskova - Nov 18, 2016,


Just as Nigeria was starting to gradually increase its oil production over the past two months, fresh attacks on the Forcados pipeline earlier this month have dragged output down again, lessening the country’s chances to see its crude production materially increase this year.

Militant violence had slowed down over the past months, but with Forcados out again – just two days after it had reopened following an attack in July, Nigeria’s output will be down again, according to market sources quoted by Platts on Friday.

[o1lman] 20/11/2016 09:09

just as they settle one outstanding law suit, the company they loaned money to may find themselves being sued for pollution, SLE the gift that keeps giving.
something to consider if u are thinking of 'investing' the hard earned here.

[o1lman] 20/11/2016 09:06

Emily Gosden, energy editor
19 NOVEMBER 2016 • 7:36PM
Royal Dutch Shell is facing a High Court battle over alleged environmental damage from its oil pipelines in Nigeria, in a test case that could open the floodgates to more multinationals being sued in London courts.

The oil giant and its subsidiary, the Shell Petroleum Development Company of Nigeria (SPDC), are both being sued by two Nigerian communities, who are seeking about £100m in compensation after suffering repeated oil spills they claim came from SPDC pipelines in the Niger Delta.

A four-day hearing this week is due to consider whether the claims, brought by law firm Leigh Day on behalf of the Bille and Ogale communities, can be heard in the UK, where Royal Dutch Shell is incorporated.

Shell has long faced criticism over its record in the Niger Delta, which has been ravaged by oil spills. The Anglo-Dutch energy giant has blamed sabotage and theft for much of the damage.

[triple seven] 19/11/2016 17:08

Happy days , 90 k loss.