San Leon Energy Share Discussion Threads

[smithy91] 14/11/2016 15:14

it's gunna happen, don't laugh, the law of averages must arrive here one day, we are on the cusp of a gunna happen.

[o1lman] 14/11/2016 15:05

By Timothy Puko and Kevin Baxter
Oil prices fell to touch the three-month intraday low Monday with the brief stability in global markets that followed the U.S. presidential election giving way to revived concerns about oversupply.
U.S. crude for December delivery recently lost 49 cents, or 1.1%, to $42.93 a barrel on the New York Mercantile Exchange. Its low trade of $42.55 from just after 8 a.m. ET tied the lowest price since mid-August. Brent, the global benchmark, lost 39 cents, or 0.9%, to $44.36 a barrel on ICE Futures Europe.
Most of the negativity comes in one way or another by the Organization of the Petroleum Exporting Countries, analysts said. Most remain deeply skeptical that OPEC will be able to cut production to between 32.5 million and 33 million barrels a day, as it proposed in late September.
Several members and potential ally Russia have all increased production dramatically in just the less than two months since then. It demonstrates how aggressively competitive for customers and how reliant on oil revenue those countries, undermining the chances of cooperation that has repeatedly lifted oil prices from lows throughout 2016, analysts said.
"That narrative has finally run its course. Finally, no one believes OPEC will get it together," said Stephen Schork, editor of energy trade publication the Schork Report.
With OPEC members staking out claims to their territory, the cartel produced 33.64 million b/d in October, according to Germany's Commerzbank. This has caused global oversupply to reach 950,000 b/d and means that OPEC will have to cut more production than anticipated when it meets in Vienna on Nov. 30.
Other market watchers believe that OPEC should abandon its pledge to cut production as it becomes more apparent that the proposed cuts are almost impossible to impose and enforce.

[o1lman] 14/11/2016 15:03

cusp in SLE world means jam tomorrow, always jam tomorrow, never any jam today.

[o1lman] 14/11/2016 14:59

San Leon will receive a minimum 65% enhanced cash sweep of Martwestern's production proceeds from OML 18 to cover the timely repayment of debt incurred to finance the total acquisition cost.

SLE

>>>>>>>>

no mention of dividends.

[o1lman] 14/11/2016 14:52

the placing was for 221 mill u$ and the value of the loan note is 173 mill u$, so that's 48 mill u$ spent and gone to money heaven.
of the 173 mill loan SLE owns 40% of Bidco and therefore owes itself 69 mill u$.
remember this is SLE world where nothing ever is u were told.

[o1lman] 14/11/2016 14:45

Eroton continues to accrue cash from OML 18 operations into the Debt Service Reserves Account ("DSRA") attached to the existing Reserves Based Lending ("RBL") facility. Cash flow to San Leon will begin once sufficient funds have accrued in that account, whereupon the Company will initiate its policy of returning 50% of Nigerian free cash flow to shareholders. The Company is well-advanced in reviewing the steps required to effect a capital reorganization which is required to allow such distributions.

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

of course according to the company they haven't 'earned' a half eaten mars bar.

[o1lman] 14/11/2016 14:35

CHART TRADER - 20 Feb 2014 - 16:23:25 - 17001 of 43363 San Leon Energy - SLE
Witheco - 20 Dec 2013 - 07:03 - 2986 of 3059
Dennis McKee 22nd Nov 13:
Quote, "This year alone, with the completion of these extra additional wells, I feel PERSONALY that er.. We will be announcing a commercial discovery in SHALE GAS in POLAND in a matter of months, if not weeks."

---------
22nd Feb 14 .... And still waiting, 3 months later... Dont like to pull rank with a CEO, but gotta congratulate myself now. If its Lewino. Might do 22 nov 14.


>>>>>>>>>>>

remember all the tripe u and linkies posted about that including down to the twinkle in his eye.

[o1lman] 14/11/2016 14:32

going to take a while to 'earn' 78 million euros, oh dear.
don't forget to add on all costs since 30 June like the costs of the new board, the costs of cutting the deadwood from the previous board and all the licence costs etc., etc.,, at the last count the company had 68 employees, how on earth do they pass the time ?

[o1lman] 14/11/2016 14:18

u must believe who u wish, it's your hard earned, remember the rampers have already bought their shares and are hoping against hope they can get back some of the money they have lost.

[o1lman] 14/11/2016 14:17

o1lman - 12 Nov 2016 - 15:35:14 - 28204 of 28232 San Leon Energy - The New Positive Thread - SLE
banjo you are right pgnig lubino did fizzle out they had probs with getting fluids out and they were they for ages months infact,I don't think they gave any results..think they had probs with horizontal too......as I said earlier this rns is the business..it says everything..great result for all the BoD..UOS..sle shareholders as it has proved the code has been found..billion dollar play ..this is gunna be good..links

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

here's one, a billion dollar play, great result for the BoD.
nearly correct only a billion out. oh dear.

[o1lman] 14/11/2016 14:16

CHART TRADER - 01 Oct 2014 - 14:02:32 - 26968 of 28231 San Leon Energy - The New Positive Thread - SLE
now if the ubers really believed in the assets they wouldn't need to 'talk them up' they would wait until they were proved, the proof being an actual flow test, not a projection of a projection and then tell the world about how good the asset is. They wouldn't have been able to post anything for the last 5 years but would have been too busy quietly accumulating the shares.
Now the problem is that SLE having spent most of the cash haven't got the cash to actually put anything into production, if u don't believe me lets talk Turkey, so not only now do u need an actual flow test u also need the cash to put it into production, before u can tell the world how good the asset is.
Just a precautionary note the flow test just tells u how much the well flowed not how long it will flow at that rate.
On a positive note the long term holders can only lose another ten per cent of their investment where new buyers could easily lose 90% of theirs.

[o1lman] 14/11/2016 14:13

not according to our NOMAD, the question u need to ask yourself is.
do u really want to invest your hard earned in a company that posted a 218 million loss without warning their shareholders that the losses accumulating were going to be huge.

[linksdean2] 14/11/2016 12:26

I would say they know far more than you as your the one crying every day under various avatars about what sle are at etc!! you make out you made 30% yet cry about sle on a daily basis nah!!..your posting history proves you got a problem with sle on a loss basis not a profit one..

those losses in poland can be put against tax..the monies made from Nigeria will be far more than the ammounts made or lost in Poland albeit it is unfortunate Poland made nowt..in the future who knows??..but rawicz will when it comes on tap!.. though at present sle are earning out of Nigeria.. so no worries! for shareholders!!..unlike you fig he hee!!

[o1lman] 14/11/2016 11:25

not strange then that the rampers know so little about share trading that they prefer to post about me instead.

[o1lman] 14/11/2016 11:20

according to our NOMAD going to take a lot of years, not strange that none of the rampers saw the 218 million loss coming, that might be a warning in itself.

[triple seven] 14/11/2016 11:17

Ho dear,a troll with the hump.So would i if i had lost ninty thousand pounds. Happy Day's

[o1lman] 14/11/2016 10:44

Field development continues to progress and Palomar is finalising a full development plan to be submitted to the Polish government for approval. Pipeline, facility and final project engineering are nearly complete, while all required permits, rights-of-way and regulatory approvals are being obtained. Gas off-take agreements are being negotiated with several groups. The operator's development plan now envisages at least three wells available for first production (including Rawicz-12 and Rawicz-15), now expected in early 2017.

>>>>>>>>>

they also said the above. so it logically follows the spud date must be any day soon, maybe this week ? or maybe not ?

[o1lman] 14/11/2016 10:43

so KNOWN consortium loans outstanding

MART. 185 mill u$
EROTRON. RBL 630 mill u$
EROTRON. SLE 173 mill u$
outstanding de-commissioning amount.
Cash from the consortium paid to Mart Shareholders 73 mill u$ plus costs

Net Assets 373 mill u$, oh dear.

[o1lman] 14/11/2016 10:37

up to 60 u$ in 2023, don't think I will want to post here for that many years.