San Leon Energy Share Discussion Threads

[triple seven] 01/2/2017 12:34

Why are you worried non holder?Can't understand why your still here?

[linksdean2] 01/2/2017 11:55

As a non vested but only here to disrupt what would you say saddo!!

stoney trench your out of your depth as you are a no nowt..

butt face the facts stoney trench..Im so glad you actually state and admit I have a in depth knowledge of sle which I share with likeminded shareholders..

....

CHART TRADER
2 Sep'15 - 17:00 - 34940 of 34994 2 0


the difference between u and me, I don't care if anybody likes me or not, if I wanted to be popular I would have entered a popularity contest, whereas u need to come across as every bodies friend and u are doing them a huge favour sharing your in depth knowledge of SLE with them for nothing.

[linksdean2] 01/2/2017 11:47

nice to know!!

The funding and acquisition mechanism provides the Company with protect via the existing hedging arrangements, which are currently at a strike of ~$95/bbl less costs of ~$3/bbl, with ~6mm bbl existing under contract.

Following the acquisition of TSX-V listed Mart Resources by Bidco, a joint vehicle between San Leon and Midwestern, and the contemporaneous restructuring (collectively the “Acquisition”), San Leon has acquired a 5.40% shareholder interest in OML 18, which contains 2P Reserves of 485mm bbl of liquids and 4.7tcf of gas. The Acquisition mechanism, however, provides SLE with an effective interest on 9.72% once the impact of the financing structure is overlaid;

hxxp://www.uploadlibrary.com/SPAngel_ZacPhillips/Research/SLE/SLELN201609BUY.pdf

The guarantee is governed by the laws of England and Wales.
By a deed of confirmation dated 30 June 2016, Midwestern and Mart confirmed that the
guarantee dated 22 March 2016 remains in full force and effect and that the obligations it
secures include all obligations and liabilities of BidCo to the holders of Loan Notes

The corporate guarantee with Midwestern envisages and
provides protection for this and ensures repayment of the loan note within
four years. San Leon management are highly confident that sufficient
safeguards are in place, including cash flows from the 25mbopd Umusadege
field and pipeline tariff, and if necessary payment in equity.
Midwestern was awarded a 70 per cent. interest in the Umusadege Marginal Field,
Through additional drilling, the flow rates have
increased to approximately 20,000 bopd, with 2P reserves increasing from 5 MMbbl to 36 MMbbl

[linksdean2] 01/2/2017 10:43

Nigeria can produce 3m barrels of crude per day –; KachikwuBy Daily Post Staff on January 31, 2017

The Minister of State, Petroleum Resources , Mr Ibe Kachikwu, said that Nigeria is capable of producing three million barrels of crude oil per day from the Niger Delta region.

Kachikwu stated this at a stakeholders’ meeting organised by the Ministry of Niger Delta Affairs on Tuesday in Abuja.


The News Agency of Nigeria (NAN) reports that apart from the Niger Delta Ministry, the convener, the meeting was also attended by officials from the, the Nigerian Content Development and Monitoring Board (NCD&MB), among others.

The minister said the insecurity in the region had been undermining the nation’s capacity to realise its potential in oil production.

“It is important we continue to sustain the institutional engagement and negotiations which are key to the development of the region.

“Our target is zero militancy by the middle of 2017, and an incident reduction in the region by 90 per cent by 2018.


“We must resolve current militancy problems and bring back oil production to 2.2 million barrels per day,� he said.

He lamented that over $40billion had been spent in 12 years and
there were no infrastructures on ground to justify the huge expenditure profile.

Kachikwu said that a lot would have been achieved if there were zeal to collaborate in such a manner.

Kachikwu urged the Minister of Niger Delta Affairs and other partners to commence immediate action in this regard.


Kachikwu said there was need to create stability incentive schemes, jobs and investment opportunities, so that the government would look at cross border investments to strengthen the region.

The minister said the government was introducing a joint account with oil companies to foster transparency in cash calls and ensure that inflows were clearly understood by all.

“We are targeting 30 per cent cost savings, which we can link to transparency.

“What is most important is not the amount of the fund; itâ€T82;s the conceptualization of that funding.

“Governors will have to come together as a regionalâ̈́4;¨block to look at cross-state investments in roads, railways, town facilities or specialist hospitals.

“We are going to pool in energy and ensure we look at cross border investments to strengthen the region� he said.

Kachikwu said government was also looking at the amnesty programme to absorb some of the trained ex-agitators in the areas of coastal patrol and Niger Delta paramilitary type organisations.

The Coordinator of the Presidential Amnesty Programme (PAP), (retired) Brig.-Gen. Paul Boroh, in his remarks reaffirmed the readiness and determination of President Muhammadu Buhari’s administration to find a permanent solution to the problems of the region.

Boroh, who doubles as the Special Adviser to the President on Niger Delta Affairs, said that the current administration deserved cooperation and support for appreciating the environmental challenges of the region.

He disclosed that the ex-militants in the region were trained on fish farming, snail farming etc by the National Biotechnology Resources Centre, as parts of the Federal Governmentâ364;™s efforts to gainfully engage them in responsible living. (NAN)

[linksdean2] 01/2/2017 10:36

Nigeria can produce 3m barrels of crude per day – KachikwuBy Daily Post Staff on January 31, 2017

The Minister of State, Petroleum Resources , Mr Ibe Kachikwu, said that Nigeria is capable of producing three million barrels of crude oil per day from the Niger Delta region.

Kachikwu stated this at a stakeholders’ meeting organised by the Ministry of Niger Delta Affairs on Tuesday in Abuja.


The News Agency of Nigeria (NAN) reports that apart from the Niger Delta Ministry, the convener, the meeting was also attended by officials from the, the Nigerian Content Development and Monitoring Board (NCD&MB), among others.

The minister said the insecurity in the region had been undermining the nation’s capacity to realise its potential in oil production.

“It is important we continue to sustain the institutional engagement and negotiations which are key to the development of the region.

“Our target is zero militancy by the middle of 2017, and an incident reduction in the region by 90 per cent by 2018.


“We must resolve current militancy problems and bring back oil production to 2.2 million barrels per day,” he said.

He lamented that over $40billion had been spent in 12 years and
there were no infrastructures on ground to justify the huge expenditure profile.

Kachikwu said that a lot would have been achieved if there were zeal to collaborate in such a manner.

Kachikwu urged the Minister of Niger Delta Affairs and other partners to commence immediate action in this regard.


Kachikwu said there was need to create stability incentive schemes, jobs and investment opportunities, so that the government would look at cross border investments to strengthen the region.

The minister said the government was introducing a joint account with oil companies to foster transparency in cash calls and ensure that inflows were clearly understood by all.

“We are targeting 30 per cent cost savings, which we can link to transparency.

“What is most important is not the amount of the fund; it’s the conceptualization of that funding.

“Governors will have to come together as a regional
block to look at cross-state investments in roads, railways, town facilities or specialist hospitals.

“We are going to pool in energy and ensure we look at cross border investments to strengthen the region” he said.

Kachikwu said government was also looking at the amnesty programme to absorb some of the trained ex-agitators in the areas of coastal patrol and Niger Delta paramilitary type organisations.

The Coordinator of the Presidential Amnesty Programme (PAP), (retired) Brig.-Gen. Paul Boroh, in his remarks reaffirmed the readiness and determination of President Muhammadu Buhari’s administration to find a permanent solution to the problems of the region.

Boroh, who doubles as the Special Adviser to the President on Niger Delta Affairs, said that the current administration deserved cooperation and support for appreciating the environmental challenges of the region.

He disclosed that the ex-militants in the region were trained on fish farming, snail farming etc by the National Biotechnology Resources Centre, as parts of the Federal Government’s efforts to gainfully engage them in responsible living. (NAN)

[triple seven] 01/2/2017 08:39

Same troll multiple Id's.But same massive loss. Happy Days

[witheco] 01/2/2017 07:25

Any new holders out there - remember the largest shareholder has a substantial short position. Hardly a vote of confidence in the company is it? Look at the past performance, fundamentals and accounts before you even think of losing any money with SLE.

[linksdean2] 01/2/2017 07:11

nice to know!!

The funding and acquisition mechanism provides the Company with protect via the existing hedging arrangements, which are currently at a strike of ~$95/bbl less costs of ~$3/bbl, with ~6mm bbl existing under contract.

Following the acquisition of TSX-V listed Mart Resources by Bidco, a joint vehicle between San Leon and Midwestern, and the contemporaneous restructuring (collectively the “Acquisition”), San Leon has acquired a 5.40% shareholder interest in OML 18, which contains 2P Reserves of 485mm bbl of liquids and 4.7tcf of gas. The Acquisition mechanism, however, provides SLE with an effective interest on 9.72% once the impact of the financing structure is overlaid;

hxxp://www.uploadlibrary.com/SPAngel_ZacPhillips/Research/SLE/SLELN201609BUY.pdf

[triple seven] 31/1/2017 20:58

Just filter the scum troll.

[triple seven] 31/1/2017 20:51

It's really sad when sites are trolled to this extent ,buy the same person with multiple names.I can't understand how advfn lets this happen.I've reported this person again.