San Leon Energy Share Discussion Threads

[triple seven] 16/11/2016 09:52

Not your problem non holder.New company to me.Oil and gas genarating, and cash positive that's new. Just topped up.Thanks trolls for deramping, just gives genuine holders a chance to average down. Happy day's

[jotoha2] 16/11/2016 09:12

And to cap it all , it's down 99.95 % what an achievement by your BOD.

[jotoha2] 16/11/2016 09:11

New company ! get real same old BOD making a right all hash of things , screwing everyone for their own benefit , not paying their bills , disputes with all sorts , it never ends with this lot .

[triple seven] 16/11/2016 08:27

All in the past,new company now.

[jotoha2] 16/11/2016 08:23

Whichever way you look at it , it's 99.9% down from it's peak , so come clean linksy .

[o1lman] 16/11/2016 07:36

By Rafiu Ajakaye

LAGOS, Nigeria

Militants in the Niger Delta attacked three major oil pipelines, they said Tuesday, as they continue to target Nigeria’s oil and gas resources.

The Niger Delta Avengers (NDA) said they had blown up the Nembe pipelines operated by Royal Dutch Shell, Agip and Oando in coastal Bayelsa state following a military clampdown in the region.

The attacks on the pipelines, which have a combined capacity of 300,000 barrels of oil a day, were the latest blow against oil production, which has more halved since the militant campaign resumed in January.

“This is in response to the so-called Operation Sharkbite, an act of terrorism commissioned by the tyranny of the Nigerian Navy establishment and orchestrated by some elements of the ruling political class to continuously undermine any effort to addressing the legitimate demands of the people of the Niger Delta,” NDA spokesman Mudoch Agbinibo said in a statement.

The group said the bombing campaign would continue until the government responds to demands from local leaders.

[ceteris paribus] 16/11/2016 07:33

Hi LSD - still doing porridge? what did you go in for - hopefully you will be out before christmas and get you life back - instead of monitoring this dead weight of an investment.

[linksdean2] 15/11/2016 21:20

Im not paid idijot!!..cant see where you get you 99% down unless your a part of the prik stik group of sle war wagin non vested no nowt ct"s! as sle came back from suspenders at around 55p you gymslip..great if you had opened a long on that day before it closed for the last sussy at 20 odd pennies!! and closed it on open times at 55p eh!..go figa you know nowt about aim..your a amateur(that sounds French! eh lala liar!)..fig he hee!..guest it yet!

[jotoha2] 15/11/2016 21:08

Come along linksy , this company has blown short of £300 million, and has zero to show for it , no assets of any great value , not a drop of oil or gas , sorry lots of gas from the board and it's supporters , stop dreaming and come clean that you are a bad attempt at a paid ramper with little time left to make it big.

[jotoha2] 15/11/2016 20:55

Keep on dripping the shiiite linksy , the big boys must be really pleased with your efforts , 24/7 ramping and the share price continues it's massive decline, what is it now , down 99.95% what a sham this company has turned out to be. And it has two supporters you and t7 , small time paid rampers I assume.

[linksdean2] 15/11/2016 20:43

I will just buy more then!!..go figa!

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.

6mm bbl existing under contract @ $91.50= maga $$$millions to eroton!!..

Eroton will be 50% owned by Martwestern
(100% owned by BidCo)

Martwestern is entitled to a 90% share of distributions

SLE receives preferential payment on US$173 million BidCo issued notes and interest

Payments from BidCo commencing at end of 2016 and paying quarterly

YOU say what dooh nowt! butt what you say is just callous junkie as you lost here oddman!! .. bonny tirader your a non vested feked idijotojot ha!!..a prik stik..go figa!...not very glued up are yah!! fig he hee!! guest it yet u thicko!!

[o1lman] 15/11/2016 20:23

u need to ramp less as the price keeps falling the more u ramp.

[o1lman] 15/11/2016 20:20

according to our NOMAD that's the monetary value to the company, oh dear.

[o1lman] 15/11/2016 20:19

there isn't 6mm bbl under contract at $91.50, of course if it states there is in the admission document I will amend this post, so pse supply the page number from the admission document, otherwise it doesn't matter how many time u post it doesn't make it factual.

[linksdean2] 15/11/2016 19:14

sid like you are one feked up non holder waging war on sle!!..think his name is si fen!!..yep sle know him too..as they do you!..fig he hee..

tick tock!!fig he hee!

for the non vested no nowt above who thinks sle wont be paid..

Eroton will be 50% owned by Martwestern
(100% owned by BidCo)

Martwestern is entitled to a 90% share of distributions

eroton..2015 Revenue US $184.4 million*, 2015 Profit after tax US $65.7 million*
*Revenue and profit generated includes income from $95 per barrel hedge
*Eroton Audited Financial Statements 31 December 2015

Guarantee in respect of Loan Notes
By a guarantee dated 22 March 2016, Midwestern and Mart jointly and severally guaranteed to the Initial Noteholders the payment of the Loan Notes by BidCo. Each of Midwestern and Mart agree, following a default by BidCo of any of its obligations under the Loan Notes, to make immediate payment and performance to the noteholders of all obligations under the Loan Notes.

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

OML 18 stake acquired through $173 million loan instrument, repaid to SLE with 17% p.a. interest

SLE receives preferential payment on US$173 million BidCo issued notes and interest
Payments from BidCo commencing at end of 2016 and paying quarterly

SLE will also have the
right to provide oilfield services to the operator of OML 18 with a significant
contract value based on expected capex of around US$1.5bn over the next 5
years.

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.

6mm bbl existing under contract @ $91.50= maga $$$millions to eroton!!..

plus normal production on top!..bloomin great for shareholders..butt!!

farts in the face of oddman a non vested dooh! nowt..go figa!..fig he hee

[o1lman] 15/11/2016 18:30

honestsid
Posts: 1,304
Observation
Opinion: No Opinion
Price: 41.00
RE: The cruxToday 17:06Far more complicated than most would realise.

Could take years, could be only months, but there is no way of telling as SLE haven't told us anything about the figure needed or the income, if any, we are getting at the moment.

[o1lman] 15/11/2016 18:30

honestsid
Posts: 1,304
Observation
Opinion: No Opinion
Price: 41.00
The cruxToday 17:02"Cash flow to San Leon will begin once sufficient funds have accrued in that account, "

What is that figure, we obviously haven't reached it yet or the "dividends" would be coming in wouldn't they?

[o1lman] 15/11/2016 18:28

honestsid
Posts: 1,304
Research
Opinion: No Opinion
Price: 41.00
RE: No dividends until debt paid ba..Today 17:00More Research

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. >>>>>>>>>>>>>>. so, correct me if I'm wrong, Erotron intends to pay dividends ultimately to BIDCO and SLE will receive 65% of those dividends to pay themselves for 40% of the loan they own and the remaining 60% owed ultimately by Erotron, until the loan and interest is repaid then it reverts to 40%. Erotron have to pay into the mushroom fund first and then needs various permissions to pay dividends at the earliest next April but most probably later as it normally is in the oil/gas world.

[o1lman] 15/11/2016 18:11

remember this, when u had used up all your words and couldn't copy all the post, as usual what isn't posted by a remper is usually of more importance than what is.
what part of April 2017 do u not understand ?

[o1lman] 15/11/2016 18:10

ramping not going too well, 15k traded which were mostly sells.

[jotoha2] 15/11/2016 16:57

linksy it's not about selling , but cutting out your ramping rubbish , the company relisted in september , now tell , when do we get a trading update to confirm all these millions are coming to the shareholders , it will never happen , just look at all the previous promises of riches you were promoting , utter garbage to pull in some pi for the slaughter.

[o1lman] 15/11/2016 16:37

or most probably there for those who struggle with reading, don't own a calculator (that works) to post on to bboards as factual.