San Leon Energy Share Discussion Threads

[linksdean2] 26/6/2017 15:07

fick fock..read&weep tosspot!


NNPC: Nigeria earns $2.5bn from oil, gas export

14 June 2017

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

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 Call in line with the 2016 Approved Budget and pending 2017 budget approval.

It noted that its share of the JV cash call (JVCC) based on equity holding fell short of the 2016 appropriated amount of $8.64 billion, due to a twin effect of production disruption in Niger-Delta and low crude oil prices during the year.

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.”

NNPC said that the domestic crude oil and gas receipt during the month amounted to N134.96 billion, consisting of N2.28 billion from domestic gas, N0.18 billion from other miscellaneous receipt and the sum of N132.50 billion from domestic crude oil.

Out of the Naira receipt, NNPC added that the sum of N46.46 billion was transferred to JVCC being a first line charge, and to guarantee continuous flow of revenue stream to the Federation Account.

NNPC transferred the sum of N88.49 billion (including N2.46 billion from Gas receipts) into the Federation Account during the month under review from the net domestic crude oil receipt of N132.50 billion, while the balance of N46.46 billion was used to fund the JV cash call account as cost of production.

Also, the final 32nd instalment of the refund to FG of N6.33 billion was transferred. During the one year period, the Federation Account, JVCC, and the Federal Government received the sum of N772.52 billion, N512.09 billion and N82.30 billion respectively


and..


We have paid N450bn debt we owe federal government – NNPC on June 22, 2017

The Nigerian National Petroleum Corporation (NNPC) has said it has paid a N450 billion debt it owed the Federal Government.

According to its April 2017 Monthly Financial and Operations Report, released yesterday, the NNPC said the last tranche of the sum was paid in March 2017, after paying N6.33 billion on a monthly basis over several months.


To this end, the NNPC said it transferred N95.56 billion into the Federation Account during the month under review from the net domestic crude oil and gas receipt, including gas receipts of N2.23 billion.

The Federation Accounts Allocation Committee (FAAC) had in September 2011, resolved that the NNPC should refund over N450 billion in 32 installments after the NNPC said it withheld the money that should have been paid into the Federation Account as stipulated by law.

Furthermore, the April 2017 financials noted that NNPC’s receipts from domestic crude oil and gas in the month of April stood at N142.09 billion, consisting of receipts of N2.23 billion from domestic gas sale and N139.86 billion from domestic crude oil.


The NNPC noted that of its total naira receipt, N46.54 billion was transferred to Joint Venture Cash Call, JVCC, being a first line charge and to guarantee continuous flow of revenue stream to Federation Account.

On the other hand, the report stated that the NNPC recorded total export proceeds of $142.12 million in April 2017 as receipt against $404.55 million in March 2017.

According to the report, contribution from crude oil amounted to $71.81 million, while gas and miscellaneous receipt stood at $70.29 million and $0.013 million respectively.


The report, however, stated that the NNPC remitted the total export proceeds receipt of $142.12 million to fund the JV cash call for the month of April 2017 to guarantee current and future production.

It further stated that total export crude oil & gas receipt for the period of April, 2016 to April 2017 stood at $2.50 billion.

Furthermore, the NNPC said it recorded operating revenue of N327.47 billion in the month of April, compared to N354.65 billion in March; while its operating expenditure stood at N326.88 billion, dropping from N360.19 billion recorded in March.

To this end, the report said: “The April 2017 report indicated a trading deficit of N5.27 billion, representing 6.20 per cent decrease in deficit compared to the previous month’s deficit of N5.62 billion.

“This decrease in the deficit is mainly attributed to the decrease in NPMC/NPSC/ML expenses relatively, although depleted by lower Nigerian Petroleum Development Company (NPDC) and revenue.”

[timw3] 23/6/2017 13:36

o/t UKOG massive OIL hit!!!!

More news next week by the looks of it. Weekend press will be all over this,

Politcally stable, funded, oil seeping out, Whats not to like.

Can see 3-4p easy next week imo

[deccer1] 23/6/2017 09:19

Shorters delight. Oisin Fanning fry fatty fart wit fumbling figit failed to deliver overpaid numskull should have been ditched years ago.

[linksdean2] 23/6/2017 00:01

defo looks like payments are a comin!!


We have paid N450bn debt we owe federal government – NNPC on June 22, 2017

The Nigerian National Petroleum Corporation (NNPC) has said it has paid a N450 billion debt it owed the Federal Government.

According to its April 2017 Monthly Financial and Operations Report, released yesterday, the NNPC said the last tranche of the sum was paid in March 2017, after paying N6.33 billion on a monthly basis over several months.


To this end, the NNPC said it transferred N95.56 billion into the Federation Account during the month under review from the net domestic crude oil and gas receipt, including gas receipts of N2.23 billion.

The Federation Accounts Allocation Committee (FAAC) had in September 2011, resolved that the NNPC should refund over N450 billion in 32 installments after the NNPC said it withheld the money that should have been paid into the Federation Account as stipulated by law.

Furthermore, the April 2017 financials noted that NNPC’s receipts from domestic crude oil and gas in the month of April stood at N142.09 billion, consisting of receipts of N2.23 billion from domestic gas sale and N139.86 billion from domestic crude oil.


The NNPC noted that of its total naira receipt, N46.54 billion was transferred to Joint Venture Cash Call, JVCC, being a first line charge and to guarantee continuous flow of revenue stream to Federation Account.

On the other hand, the report stated that the NNPC recorded total export proceeds of $142.12 million in April 2017 as receipt against $404.55 million in March 2017.

According to the report, contribution from crude oil amounted to $71.81 million, while gas and miscellaneous receipt stood at $70.29 million and $0.013 million respectively.


The report, however, stated that the NNPC remitted the total export proceeds receipt of $142.12 million to fund the JV cash call for the month of April 2017 to guarantee current and future production.

It further stated that total export crude oil & gas receipt for the period of April, 2016 to April 2017 stood at $2.50 billion.

Furthermore, the NNPC said it recorded operating revenue of N327.47 billion in the month of April, compared to N354.65 billion in March; while its operating expenditure stood at N326.88 billion, dropping from N360.19 billion recorded in March.

To this end, the report said: “The April 2017 report indicated a trading deficit of N5.27 billion, representing 6.20 per cent decrease in deficit compared to the previous month’s deficit of N5.62 billion.

“This decrease in the deficit is mainly attributed to the decrease in NPMC/NPSC/ML expenses relatively, although depleted by lower Nigerian Petroleum Development Company (NPDC) and revenue.”

[linksdean2] 22/6/2017 23:47

do it then don't just post it!

paying up looks to me!..who else has sle paid I wonder!..During June 2017, San Leon shall pay to Avobone the total sum of €5,125,000 ..

clearly sle are looking at paying what they owe and to whom they owe it too..so in that regard maybe dividends could not be too far off!!

NNPC has stated paying amount off to whom they owe too..times are a changing with them leading to times a changing here for shareholders..

BusinessDay : News you can trust
Updated: FG to pay $500 million as Cash Call arrears to Aiteo, Seplat others

May 3rd, 2017

The Federal Government is to pay about $500million to the next batch of Cash call arrears beneficiaries which are indigenous oil operators that acquired 45 per cent stakes in divested oil assets in order to finally put an end to the issue of call arrears for the year 2016.


and!!

NNPC: Nigeria earns $2.5bn from oil, gas export

14 June 2017

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

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 Call in line with the 2016 Approved Budget and pending 2017 budget approval.

It noted that its share of the JV cash call (JVCC) based on equity holding fell short of the 2016 appropriated amount of $8.64 billion, due to a twin effect of production disruption in Niger-Delta and low crude oil prices during the year.

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

NNPC said that the domestic crude oil and gas receipt during the month amounted to N134.96 billion, consisting of N2.28 billion from domestic gas, N0.18 billion from other miscellaneous receipt and the sum of N132.50 billion from domestic crude oil.

Out of the Naira receipt, NNPC added that the sum of N46.46 billion was transferred to JVCC being a first line charge, and to guarantee continuous flow of revenue stream to the Federation Account.

NNPC transferred the sum of N88.49 billion (including N2.46 billion from Gas receipts) into the Federation Account during the month under review from the net domestic crude oil receipt of N132.50 billion, while the balance of N46.46 billion was used to fund the JV cash call account as cost of production.

Also, the final 32nd instalment of the refund to FG of N6.33 billion was transferred. During the one year period, the Federation Account, JVCC, and the Federal Government received the sum of N772.52 billion, N512.09 billion and N82.30 billion respectively