San Leon Energy Share Discussion Threads

[linksdean2] 10/7/2017 16:20

Newcross and Eroton get a mention!!..

NNPC, IOCs, independents lift N11trn oil over 12 months

Jul 4, 2017


According to its April statistical report, the Nigerian National Petroleum Corporation (NNPC) and International Oil Companies (IOCs) operating in the country including independent oil companies lifted crude oil and condensate worth over $36.023 billion between March 2016 and March this year, Daily Trust reports.

This translates to N11.005 trillion at an exchange rate of N304.5 to a US dollar. The IOCs consist of Chevron Nigeria Limited, Exxonmobil, Total, Nigeria Agip Oil Company (NAOC)/Phillips, Shell Petroleum Development Company (SPDC) and Addax including 24 independent companies among them Seplat Petroleum, Pan Ocean, Newcross, Eroton, Neconde, ND Western, Elcrest, ConOil, Amni, Platform Petroleum and Niger Delta Petroleum Development Company.

Between March 2016 and March this year, the IOCs and independent companies, including NNPC subsidiary, Nigerian Petroleum Development Company (NPDC), lifted a total of 458,754,086 barrels valued at $28,157,503,045 while NNPC lifted 165,079,126 barrels for the domestic and export markets valued at $7.8trn. Of the total amount of oil lifted, 33,878,441 barrels were for federation export while 131,200,685 barrels were for domestic consumption.

[linksdean2] 10/7/2017 16:15

its gunna hurt when it arrives eh toe nee fick fock French "figa"

Nigeria earns $2.5bn from oil, gas exports over 12 months – NNPC

Jun 14, 2017

According to the Nigerian National Petroleum Corporation (NNPC), Nigeria’s total crude oil and gas export receipt from March 2016 to March 2017 stood at $2.50 billion, The Guardian reports.

NNPC, which made this disclosure in its latest financial report released at the weekend, said the sum of $2.29 billion was transferred to Joint Venture (JV) Cash Calls in line with the 2016 approved budget and pending 2017 budget approval.

NNPC explained: “A total export sale of $361.95 million was recorded in March 2017. This is $98.84 million higher than the preceding month’s performance. Crude oil export sales contributed $255.50 million of the dollar transactions compared with $157.65 million contribution in the previous month.”

The Corporation disclosed that a total value of ₦206.42 billion was collected as sales revenue for white products sold by PPMC in March 2017, compared with ₦179.81billion collected a month earlier.

It put the total revenues generated from the sale of white products for the period March 2016 to March 2017 at ₦1,611.09 billion where Premium Motor Spirit (PMS) contributed about 85.11 per cent of the revenues collected with a value of ₦1.371.14 billion.

It revealed that trading deficit, which has characterised the Corporation’s operations for some time, as a result of massive disruption and sabotage of its facilities, recorded a huge drop from N14.12 billion in February to just about N5.62 billion.

[linksdean2] 10/7/2017 16:00

he hee!! don't call you a fick fock for nowt eh!!..frenchie fry! tis tisc tisc!..yep I know it face ache!!..how do you know they haven't!..you got inside info again like that loan from pnr that wasn't released for 6 months after you posted it and got an "email"..

ct2000
Posts: 523
Observation
Opinion: No Opinion
Price: 0.92


It's story time.
Today 13:00
Last year someone emailed to tell me that SLE had taken out a loan with Palomar, similar to when I posted that Palomar had given up four concessions I was called a liar. The common thing these posters all have in common even when they are proved wrong they never bother to apologise. I posted the documents and still I was called a liar. The relevance ? any trustworthy CEO would have released a RNS with the details of the loan and the fact that licences had been returned. The reality of the situation was that OF had got the company into such a position he had to personally guarantee the loan even though Palomar took a floating charge over all the assets, they didn't consider they were enough to cover their 3mill including
interest

[linksdean2] 10/7/2017 15:30

as for the cash coming to eroton as its gunna happen no matter what fick fock wishes against it..this new PIB states "indigenous players should command attention under the nations priority policy"..

hxxps://www.thisdaylive.com/index.php/2017/05/28/final-copy-of-petroleum-industry-governance-bill-2017/



The Existing joint ventures (JVs) and PSCs fiscal policies, require review with respect to “windfall profits” to private companies based on incentives that have distorted normal market economics as well as need harmonisation because they are dispersed along the nature or type of product, company or project specific. In doing so, the indigenous “Sole Risk”/ independent players, should command attention under the nations priority policy that ensures indigenous capacity expansion in the petroleum value chain in Nigeria.

" the indigenous “Sole Risk”/ independent players, should command attention under the nations priority policy that ensures indigenous capacity expansion in the petroleum value chain in Nigeria."