San Leon Energy Share Discussion Threads

[o1lman] 16/12/2016 10:40

1inksdean was supposed to look like linksdean, oh dear, such are the plans of morons and lunatics.

[o1lman] 16/12/2016 10:37

then they had a baby 1inksdean, for anyone to want to impersonate linksdean they must be stark raving bonkers, of course the comment doesn't apply if it's linksdean posting under multiple nicknames.

[witheco] 16/12/2016 10:20

The fruitloops went in two by two, hurrah! hurrah!The fruitloops went in two by two, hurrah! hurrah!The fruitloops went in two by two, linksdean and linksdean2And they all went into the ark, for to get out of the rain.

[witheco] 16/12/2016 10:11

Ark --- HarkArk the herald angels sing"Glory to the newborn King!Peace on earth and mercy mildGod and sinners reconciled"...Not to be confused with Noah's Hark.

[o1lman] 16/12/2016 09:23

anyway no need to believe me, just believe our NOMAD.

[o1lman] 16/12/2016 09:03

the loan is not guaranteed, if Eroton fail to pay the RBL its end of, if production is back dated or not SLE has no production only loan repayments.
Eroton may be doing the same as Alpay ?

[o1lman] 16/12/2016 08:32

it's a loan, it might be paid it might not, it's about likely to happen as Turkey didn't. it's clear that u haven't learnt a single thing since u started posting here but as a drowning man clutches at straw so do u.

[o1lman] 16/12/2016 07:56

it's my hobby, doesn't effect me either way if the price rises or falls, unlike u who spends his time 24/7 posting sh1te to at least 5 boards u are desperate.
oh dear

[o1lman] 16/12/2016 07:40

for the less able, if the consortium expects to spend 1.5 billion u$ on OML18, they have to carry by paying the governments share of the expenditure roughly 850 mill u$ and earn it back thru oil sales. I wonder where they will get the money from to improve production ?

[o1lman] 16/12/2016 07:36

igeria gets $1.7bn discount on cash call arrears
— 16th December 2016
By Adewale Sanyaolu

International Oil Companies (IOCs), in Joint Venture (JV) operation with the Federal Government, have agreed on $1.7 billion discount on cash call arrears, which has accumulated to $6.8 billion.

With this discount, Nigeria will now have to clear unpaid bills worth $5.1 billion for oil production JV piled up over many years, Minister of State for Petroleum Resources, Mr. Ibe Kachikwu, said in a speech at the signing ceremony held in Abuja, yesterday.

The IOCs that agreed to the discount deal included Shell, Chevron, Total, Eni and ExxonMobil.

According to Kachikwu, the deal would unlock new investment, adding that the repayment would take place over the next five years.

The Minister said the agreement would also ensure that future Nigerian payments to production JVs with oil majors would be paid on time, adding that the Federal Government has reached agreement on a new cash call exit policy with the IOCs.

Kachikwu said the agreement will bring clarity and stability to the management of the country’s main revenue source, stating that the initiative has already received the approval of the Federal Executive Council (FEC).

‘‘It is part of new measures and strategies aimed at eliminating the burden of JV cash call arrears and securing future funding for the upstream petroleum sector.

These strategies, which are fully supported by the National Economic Council (NEC) will lead to an increase in national production from the current 2.2mbpd to 2.5mbpd by 2019, as well as reduction in Unit Technical Costs from $27.96/barrel oil equivalent (boe) to $18/boe.

According to him, the net payments to the Federation Account is expected to double from about $7 billion to over $14 billion by 2020 and the immediate effect of the new cash call policy will increase net Federal Government revenue per annum by about $2 billion.

Kachikwu said innovations and initiatives championed by the ministry over the past year have revamped the sector, restored investors’ confidence which was at an all-time low and positioned Nigeria’s oil and gas value chain for profitability.

[o1lman] 16/12/2016 07:20

as u I have said numerous times I only post as CT or o1lman, u continue to attribute other posters comments as mine, u really should seek help with your problem.
part of the problem is u have a reading age of five so I make allowances for u but u really should seek help before it destroys u completely.

[o1lman] 15/12/2016 20:07

oh dear, guess it's all so confusing when u have a reading age of five.

[o1lman] 15/12/2016 20:02

to assist any new readers, I am going to produce a fruitloop dictionary below.
any suggestions please post to the board.

A. acquisations > i. accusations ii. acquisitions
C. cretan > cretin
D. dowbt > doubt
E.
F.
G. guest it > guessed it
H.
I.
J.
K.
L.
M.
N. no nowt > knows nothing
O.
P. patients > patience
Q
R. regurgated > regurgitated
S. sinario > scenario
T. trueth > truth
U
V.
W.
X.
Y.
Z

[o1lman] 15/12/2016 19:52

or look at the figures a different way, they raised 33mill from the placing which is already spent and the placing cost a total of 20 mill plus so thats 53 mill they have to earn from Nigeria just to break even before all the costs of running the company.