San Leon Energy Share Discussion Threads

[o1lman] 21/11/2016 16:21

jotoha215 Nov '16 - 09:29 - 28279 of 28531 2 0
99% Loss from it's high and the two pumpers are still at it , who are you trying to convince , nobody wants to buy this little gem , just look at the trades since relisting , this company has been there for the insiders only.

[o1lman] 21/11/2016 16:17

why doesn't sl1nky post here any more ? I wonder if it's anything to do with the mountain of sh1te he posted on the SLE boards.
my favourite was when he posted about a billion, can't remember if it was euros or pounds.

[o1lman] 21/11/2016 16:11

might have to wait a while for the good news.

[o1lman] 21/11/2016 15:34

so let's be positive and expect it to be drilled, that is of course unless we are told differently.

[o1lman] 21/11/2016 15:33

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

no mention in the admission document that it's not going ahead but it's so easy to overlook things like the shareholding in Ardilaun.

[o1lman] 21/11/2016 15:28

Morocco and Albania

Morocco and Albania are both attractive assets for the Company, and carry work commitments. In order to meet these work commitments a well will be drilled on the Tarfaya licence (onshore Morocco, 100 per cent. paying interest), and one on the Durresi licence (Albania, drilling from an onshore location to an offshore target, 100 per cent. interest).

Further details of the Company's operations can be found on the Company's website, www.sanleonenergy.com


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

Albania
SLE has not said that the well will no longer be drilled, so must be any week
soon, maybe not this week but next week ?

[o1lman] 21/11/2016 15:11

seems u need to be enable to read between the lines to arrive at the truth.

[o1lman] 21/11/2016 15:10

11 July 2016

Eland Oil & Gas PLC

("Eland" or the "Company")

Operations Update

- Average first half production up to the point of Forcados shutdown in February of 4,230 bopd gross based on production days (H1 2015: 2,190 bopd) with 38,200 bbls of crude oil lifted in the period (H1 2015: 163,100 bbls)

George Maxwell, CEO of Eland, commented

""Despite the challenging market conditions, Eland has made considerable progress so far in 2016 as we continue to deliver on our low cost well re-entry strategy to sharply grow our production. During the period we have successfully raised $18.5 million, boosted our 2P reserves following the upgrades at Gbetiokun-1 and Ubima and demonstrated the potential to double our production rates again following a successful workover at Opuama-3 which had initial flow-rates of over 10,500 bopd.

"We continue to execute the outlined work program presented during our recent fund raise and have used the recent production downtime due to the Forcados Terminal shutdown to accelerate our Planned Preventative Maintenance program and improve the efficiency and reliability of the Flow Station. These actions will reduce operating costs and progress the diversification of export routes available to the Company through the proposed Benin River tie-in access for barging options and an additional 6 km pipeline to provide access to an alternative terminal.

[o1lman] 21/11/2016 15:07

3 June 2016

Eland Oil & Gas PLC

("Eland" or the "Company")

Statement re press speculation

The Company notes recent unsubstantiated press speculation regarding continued security incidents in the Niger Delta. The Company confirms that it is not aware of any incidents on its properties and confirms that the Company's continuing maintenance and operational activity remains unaffected.

[o1lman] 21/11/2016 14:29

"Not only do the attacks have an instant impact on output, and cause major damage to infrastructure, but continued unrest will only further discourage international oil companies from investing in oil projects," Rhidoy Rashid, oil analyst at Energy Aspects, said in a recent note.
"There seems to be no quick fix for uniting a heavily divided region, so for now we expect further attacks and subsequent volatility in Nigerian crude output."

[o1lman] 21/11/2016 14:28

Nigeria's economic crisis deepens


Nigeria's economic slump sharpened in the third quarter as rebels bombed oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday.

Nigeria's economy contract in the third quarter as businesses struggle to access foreign exchange and rebels continued to bomb oil pipelines in the restive southplay
Nigeria's economy contract in the third quarter as businesses struggle to access foreign exchange and rebels continued to bomb oil pipelines in the restive south (AFP)
Nigeria's economic slump sharpened in the third quarter as rebels bombed oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday.
The third quarterly contraction in a row comes as the West African nation reels from a crash in global oil prices, which have collapsed from over $100 a barrel in 2014 to currently around half that.
A recession appeared inevitable when militants renewed attacks on the country's oil infrastructure early this year, strangling production that accounts for around 70 percent of government revenue and the bulk of Nigeria's export earnings.
The relentless sabotage has put the Nigerian government under pressure as economists increasingly question whether President Muhammadu Buhari can pull the country out of recession.
"The nation's gross domestic product (GDP) contracted by -2.24 percent year-on-year in real terms," the country's National Bureau of Statistics said in a report.
This meant that third-quarter growth in Africa's most populous country was 0.18 percentage points weaker than that recorded in the second quarter, and 5.1 points down from third quarter growth in 2015.
"During the period under review, oil production averaged at 1.63 million barrels per day (bpd)," the statistics agency said.
That is a 22-percent drop from the same period in 2015, when Nigeria was producing 2.17 million bpd.

"Not only do the attacks have an instant impact on output, and cause major damage to infrastructure, but continued unrest will only further discourage international oil companies from investing in oil projects," Rhidoy Rashid, oil analyst at Energy Aspects, said in a recent note.
"There seems to be no quick fix for uniting a heavily divided region, so for now we expect further attacks and subsequent volatility in Nigerian crude output."

[o1lman] 21/11/2016 14:23

By Mustapha Suleiman
President of Nigeria Union of Petroleum and Natural Gas Workers (NUPENG ) comrade Igwe Achese has said that the oil and gas industry is worst hit by the economic recession affecting the country as over 3,000 workers have been retrenched since the recession began while many others were rendered redundant.

Speaking at the opening ceremony of a 3-day NUPENG National Education seminar in Abuja, Comrade Achese said that the recession has led to a great decline in the Union's finance as the union solely relies on check-off dues, adding that the union has to look for a way out, else it would not be able to pay salaries of its secretariat staff.

He said that the current spate of redundancies in the oil and gas sector is worrisome and called on the Federal Government to intervene and prevail on the multi-national/ service companies to stop the spate of retrenchment, which he said is occurring daily in the industry.

[o1lman] 21/11/2016 14:10

and foreign investors steering clear until they see a more coherent economic policy

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

maybe best to follow the sane investors.

[o1lman] 21/11/2016 14:09

Nigeria’s economic crisis worsens



Nigeria’s economic slump sharpened in the third quarter as rebels bombed oil pipelines in the restive south and businesses struggled to access foreign exchange, official data showed Monday.

The third quarterly contraction in a row comes as the West African nation reels from a crash in global oil prices, which have collapsed from over $100 a barrel in 2014 to currently around half that.

A recession appeared inevitable when militants renewed attacks on the country’s oil infrastructure early this year, strangling production that accounts for around 70 percent of government revenue and the bulk of Nigeria’s export earnings.

The relentless sabotage has put the Nigerian government under pressure as economists increasingly question whether President Muhammadu Buhari can pull the country out of recession.

“The nation’s gross domestic product (GDP) contracted by -2.24 percent year-on-year in real terms,” the country’s National Bureau of Statistics said in a report.

This meant that third-quarter growth in Africa’s most populous country was 0.18 percentage points weaker than that recorded in the second quarter, and 5.1 points down from third quarter growth in 2015.

“During the period under review, oil production averaged at 1.63 million barrels per day (bpd),” the statistics agency said.

That is a 22-percent drop from the same period in 2015, when Nigeria was producing 2.17 million bpd.

“Not only do the attacks have an instant impact on output, and cause major damage to infrastructure, but continued unrest will only further discourage international oil companies from investing in oil projects,” Rhidoy Rashid, oil analyst at Energy Aspects, said in a recent note.

“There seems to be no quick fix for uniting a heavily divided region, so for now we expect further attacks and subsequent volatility in Nigerian crude output.”

– Naira nightmare –

Manufacturing has also taken a big hit, shrinking by 2.9 percent in the third quarter in the wake of a devalued naira and currency controls that have curbed trade.

“This is partly due to the continued fall in the exchange rate, which makes imported inputs more expensive, thereby increasing business costs,” the statistics agency said.

“This is greatly a result of the continued fall in (the) naira to dollar rate which translates to much higher cost of business operations.”

Buhari had vowed not to “kill the naira” by letting it fall in value, in opposition to depreciations by fellow major oil exporters Angola and Russia.

His government tried to prop up the naira for months, but that drained foreign currency reserves and it eventually abandoned the currency peg in June.

But a dollar shortage still persists, with black market rates hovering around 440 naira to the dollar this month, compared to the official bank rate of approximately 320 naira to the dollar.

The economic troubles look to last, with peace talks between the Nigerian government and oil rebels falling apart this month — the Niger Delta Avengers claimed they bombed three pipelines last week — and foreign investors steering clear until they see a more coherent economic policy.

[o1lman] 21/11/2016 14:07

Buhari 'begs' militants to stop destroying oil pipelines

Yenogoa- Nigerian President Muhammadu Buhari has reportedly pleaded with the people of Niger Delta to stop the destruction of pipelines and embrace agriculture.

Buhari urged the people of the region to take advantage of the huge potential in agriculture and stop the destruction of oil and gas pipelines, which only served to destroy the country’s ecosystem and economy.

Buhari, according to Punch, made the appeal during the 20th Anniversary of Nigerian Agip Oil Company’s Green River Project Farmers Day, held at the Chief DSP Alamieyeseigha Banquet Hall in Yenagoa.

He said that his administration was committed to doing "everything possible" to support Niger Delta to achieve their potential in agriculture which is far more than its endowments in oil and gas.

"I urge you to take advantage of the huge potential in agriculture and stop the destruction of oil and gas pipelines, which only serve to destroy our ecosystem and economy," Buhari was quoted as saying.

Reports indicated that recent attacks on pipelines by several militant groups had cut Nigeria's oil output, helping to tip the country into recession as it struggled to adapt to the low price of crude globally.


>>>>>>>>>>>>>

guess he hasn't quite grasped the severity of the problem.

[o1lman] 21/11/2016 14:00

SLE receives interest payments and one fifteenth of the amount outstanding sometime in the future but definitely after April, unless there is a default and they they receive one fifteenth of nothing.

[o1lman] 21/11/2016 13:38

even if SLE receive the interest payments, starting after April next year, if they then spend all the payments on costs and pay the balance to shareholders the share price will fall roughly by the total amount received, as it's all cash gone to money heaven.

[o1lman] 21/11/2016 13:33

Pspeedo
Posts: 39
Off Topic
Opinion: No Opinion
Price: 45.75
RE: ToscaToday 12:39Eroton made nearly $68 million profit last year, with production going up 100% only a fool would think that profit hasn't increased even more and that sle wouldn't be paid.

>>>>>>>>>>>>>>>>

yep only if u ignore

a. the outages, so production hasn't gone up 100%
b. the interest costs for the new loan
c costs for the workovers
d. the Nigerian government aren't paying their share of development cost
e. costs of existing loans, interest and capital repayments.
f. the fact that Mart was losing money before they were taking over, so the costs for their loan.

[o1lman] 21/11/2016 13:11

Fore Sudetic Monocline
Licences:

Gora (under reapplication)
Nowa Sol (under reapplication)
Wielun
Prusice (under reapplication)
Kotlarka (under reapplication)
San Leon is currently the largest concession holder in the SW Carboniferous Basin of Poland with 5 concessions covering 840,698 gross acres, of which San Leon holds 799,792 net acres.

..............
yep, the largest concession holder, even though they only hold 1 concession, u couldn't make it up, actually I'm wrong because u could as they have.

[o1lman] 21/11/2016 13:00

look at the estimated operating costs 16 mill euros a year, not going to leave much for the pi's, first rule of management, look after the management.

[o1lman] 21/11/2016 12:19

that's 7p, GL.. from that u can realise how much sh1te u have been fed on in the past.