San Leon Energy Share Discussion Threads

[o1lman] 29/12/2016 15:21

oh dear, at least get the story straight before u post it.

[imabigturd] 29/12/2016 15:01

I THOUGHT THIS FEKIN A---OLE WOULD HAVE LEFT BY NOW - COMPANY IS COMPLETELY SHAFTED, DEAD AND BURIED AND LINKSDEAN IS STILL PUMPING IT?? - ONE COMPLETE UTTER BARMPOT!! HOW FEKIN ANUL CAN U BE? IS THERE ANYBODY ELSE WHO THINKS SLE IS WORTH A GNATS FART ANYMORE - WATTA WASTE OF TIME AND LIFE - LINKS IS ONE HELL OF A SAD TO55ER, GO BEAT ONE OUT SUCKER.

[o1lman] 29/12/2016 14:40

It's often stated that LSD causes hallucinations, but that's not quite true. When a person has a hallucination, he or she believes that everything that he or she sees and feels is real. LSD changes the way people perceive the world around them, as well as what they think and feel, but people on LSD don't see things that aren't there. They see what's already there in a different way, and most of the time, they're aware that their altered perceptions are caused by the drug.

[o1lman] 29/12/2016 14:15

yep, 99.14% of gas produced was flared. oh dear that must be a record even for u.

[o1lman] 29/12/2016 14:03

today's quiz,

how much gas was flared in May by Eroton

a. below 50%
b. above 70%
c. above 90%

[o1lman] 29/12/2016 14:00

linksdean215 Dec '16 - 07:20 - 43462 of 43503 1 0
Oml18 does not flare..used to but now it's all sold!..go figa!

[o1lman] 29/12/2016 13:53

acccording to the NNPC wellhead production in May was 11,111 barrels of oil per day.

[witheco] 29/12/2016 12:51

But who is going to rebuild Syria? How much will it cost? Could Iran come back on American radar? What would the outcome be for Syria (trad. Iran ally).? Is Trump (who's added John Bolton to his foreign cabinet) going to be hawkish or will he be more Jacksonian in his approach in the region ? Lots of uncertainties with Gulfsands but I suppose it's a better risk than SLE which is certain to fail - note - doesn't seem to be much more interest regarding the takeover, so we will return to SLE on its own trying to make a living out of squeezing a little fraction of their share in a continuously disrupted pipeline to pay off their precarious fines, debts and inflated expenditures, only this time - we now know MHughes is starting to get a little impatient with it, contrary to LSD who has lots and lots of patients. Bye bye the Fu King Energy Company, Hello the 20-25p range!

[o1lman] 29/12/2016 09:54

jotoha223 Dec '16 - 21:13 - 29268 of 29280 1 0
Poor old linksy , every prediction and continues ramping of this poor excuse of a company has ended in tears for all those inexperienced investors that you have fooled into buying this stock , I really do hope you can confess your sins before it's to late for you.

[o1lman] 29/12/2016 09:52

Malabu $1.1 billion scandal: Like Nigeria, Italy ready to prosecute citizens, firms involved in scandal

December 24, 2016
Malabu $1.1 billion: Why EFCC charged two former Nigerian ministers Adoke, Etete, for fraud, money laundering
December 21, 2016
Malabu $1.1 billion fraud: Adoke pledges to make self available for trial
December 22, 2016
Malabu $1.1 billion‎: EFCC files fraud charges against Adoke, Etete, Aliyu
December 20, 2016
EFCC grants ex-Minister Etete bail over $1.1 bn Malabu fraud
June 25, 2015


A week after he was charged by the Economic and Financial Crimes Commission in Abuja, Italian authorities have indicated their intention to file criminal charges against a former Minister of Petroleum, Dan Etete, for his involvement in the $1.1 billion Malabu oil deal.
The prosecutors filed the notice in a Milan court last week, PREMIUM TIMES can report.
The EFCC slammed a seven-count charge of money laundering and fraud on Mr. Etete and others on December 20 at the Federal High Court, Abuja.
Apart from Mr. Etete, another Nigerian identified as Chukwuemeka Obi, is also among the 11 individuals to be charged by the Italian authorities. Shell and Eni are also to be sued, indicating a total of 13 defendants.
Mr. Obi and his firm, EVP, had laid claim to about $110 million of the $1.1 billion paid by Shell and Eni for OPL 245, considered Nigeria’s richest oil block.
The money is currently trapped in Switzerland where it has been frozen by a court.
Mr. Obi sued Malabu for the $110 million in London which he said was his entitlement for helping to facilitate the deal between the oil majors and Malabu.
In July 2013, the High Court of Justice, Queen’s Bench Division presided by Lady Justice Gloster ruled in favour of Mr. Obi that he was entitled to “a fee of 8.5% of the total disposal consideration of $1.3 billion.”
Following the court’s ruling, the money was transferred to EVP’s Swiss accounts. However, Italian authorities who had by then started investigating the fraudulent deal asked Swiss authorities to freeze the money where it has since remained.
Others found culpable by Italian authorities include: DescaJzi Claudio, the CEO of Eni; his predecessor, Paolo Scaroni; Roberto Casula, Armanna Vincenzo, Antonio Pagano, Ednan Agaev, Luigi Bisignani and Falcioni Gianfranco.
Italian prosecutors are also charging Eni and Royal Dutch Shell for their involvement in the deal as multinational firms.
As part of their findings, Italian prosecutors said officials of Italian oil giant, Eni, may have received $50 million bribe from the $1.1 billion the company.

[linksdean2] 28/12/2016 16:19

Niger Delta militants surrender, call for dialogue with FG
By Ameh Comrade Godwin on December 28, 2016dailypostn

Niger-Delta-Avengers

The Niger Delta militants on Tuesday stated that they are ready for peace talks with the Federal Government in order to restore peace in the oil-rich region.

The violent group made this decision after a meeting held on Tuesday under the auspices of the Coalition of Niger Delta Groups.


Leaders of the group in a statement issued at the end of their meeting said they had no personal grudge against President Muhammadu Buhari and were ready to work together with his administration to make Nigeria better.

The leader of the Niger Delta Watchdogs, General John Duku, General Ekpo Ekpo of the Niger Delta Volunteers, Commander Henry Okon Etete of the Niger Delta Peoples Fighters and Commander Asukwo Henshaw, the spokesperson for the Bakassi Freedom Fighters who signed the statement, agreed to embrace peace.

“We wish to assure Mr. President that the Niger Delta militants and the people are 100 per cent ready for dialogue. We have no personal grudge against him and his government and we promise to work together to make Nigeria better,” the agitators said.


Explaining that they had uncovered a plot by some politicians to sponsor militants to protest for the removal of Lawal, the militants warned that they would resist any attempt to sack the SGF.

“We strongly condemn the recent call for the resignation of the Secretary to the Government of the Federation by the Senate. The call on Mr. President to remove the SGF is uncalled for, unpatriotic and not in the interest of the nation.

“The allegation levelled against Mr. Lawal is baseless, without facts and the handiwork of saboteurs, who are planning to bring down and destroy this government by all means, knowing very well that the SGF is the engine room of this government, hard working, 100 per cent loyal to the President and a threat to some self-centred politicians.

“It is on record that the SGF has resigned his position as the Managing Director of the company (his accusers talked about) as soon as he was appointed as the SGF.

“He neither presided over nor acted on behalf of the company anymore. However, a Senate committee refused to invite the SGF for public hearing because they know what they were up to and must deliver based on the directive from their paymasters,” the statement read.

[o1lman] 28/12/2016 13:03

’Femi Asu

With global oil prices trading above the $50 per barrel mark since November 30, the shutdown of the Forcados terminal, through which the nation’s largest crude oil grade is exported, has led to a loss of at least N115bn in 24 days.

Wednesday, December 21, 2016 marked exactly 10 months that Shell, the operator of the terminal, declared force majeure on the export of Forcados.

The force majeure, a legal clause that allows it to stop shipments without breaching contracts, came a week after the Forcados export line was attacked by militants in the Niger Delta. It has yet to be lifted as of the time of filing this report.

The Presidency had in late October quoted the Shell Director, Mr. Andrew Brown, as saying that the oil major had resumed crude exports from the facility following repairs. He reportedly said this at a meeting with President Muhammadu Buhari.

In early November, there was another attack on the Trans Forcados oil pipeline carrying crude oil and gas to the Forcados export terminal.

According to the Nigerian National Petroleum Corporation, at Forcados terminal alone, about 300,000 barrels of oil per day have been shut in since February 2016 following the force majeure declared by Shell Petroleum Development Company.

“A number of crude oil lifting was deferred until the repair is completed. Other major terminals affected by the renewed spate of vandalism include Bonny, Usan, Qua Ibo, and the recently attacked Nembe Creek trunk line,” the NNPC said in its latest monthly report.

The International Energy Agency had in April estimated that Nigeria could lose about $1bn (N197bn) in revenue by May, when repairs of the Forcados terminal were expected to have been completed.

The IEA said, “The Forcados terminal in Delta State, one of Nigeria’s biggest terminals, was scheduled to load 250,000 barrels of crude per day. At $40 per barrel, Nigeria could lose about $1bn between February, when force majeure was declared, and May, when repairs are expected to be completed.”

But as of Friday December 23, the force majeure had not been lifted.

At an average oil price of $53 per barrel and exchange rate of N305 to the dollar, the country lost at least N115.2bn from December 1 to 24.

The Media Relations Manager, SPDC, Mr. Precious Okolobo, told our correspondent in a telephone interview on Friday that he could not tell when the terminal would come back on stream.

“Forcados terminal is still shut down. I cannot give precise timing on when the pipeline will be reopened,” he said.

Oil exports account for about 80 per cent of the Nigerian government revenue, and exports sales are accrued to the government’s account two or three months later.

The nation’s oil output plummeted to near 30-year lows of around 1.4 million barrels per day in May from 2.2 million bpd earlier in the year as attacks on oil facilities in the Niger Delta rose at an alarming rate.

[badger60] 25/12/2016 07:24

What happened to all the Polish assets which were supposed to be generating loads of revenue by now? Does SLE still own its Barryroe asset, as things seem to be moving along at PVR ?

[o1lman] 24/12/2016 10:17

Great for those who took out a long in the January sales after suspension..fig he hee

.....

not SLE then as they were only suspended in January, oh dear.