San Leon Energy Share Discussion Threads

[evil_doctor_facilier] 11/9/2017 13:32

C.T - i believe save November due amount they are up to date with avobone payments.
So by my sums they need to find 6 mill to pay the November payment plus probably another 500k for wages and bonus to bod!!!

[evil_doctor_facilier] 11/9/2017 13:19

hxxp://www.independent.ie/business/irish/boss-fannings-pay-is-five-times-san-leons-revenue-36116712.html

Boss Fanning's pay is five times San Leon's revenue



San Leon energy boss Oisin Fanning's pay package was valued at five times the company's turnover last year, according to its newly released-annual report. The report also shows that San Leon's auditors have cast doubt on the oil and gas explorer's future.

Fanning's remuneration package for last year was valued at €1.7m, including salary, bonus and share awards, with the company posting revenue of €342,000.

Last year, his package outstripped that of Dalata chief Pat McCann and would have put him among the top 10 earners if the company were part of the ISEQ20.

KPMG said there were "material uncertainties, which may cast doubt" over San Leon's ability to continue as a going concern.

[evil_doctor_facilier] 11/9/2017 13:14

-- During June 2017, San Leon shall pay to Avobone the total sum of EUR5,125,000
-- During October 2017, San Leon shall pay to Avobone a further sum of EUR8,000,000
-- During November 2017, San Leon shall pay to Avobone, a further sum of EUR6,694,840

In the event that San Leon fails to make payment, Avobone shall be able, without further recourse to San Leon, immediately to execute and / or enforce a High Court Order it obtained by consent from the Commercial High Court in London, dated 16 May 2017.

[mrphiljones] 11/9/2017 12:16

How much did CT as a none holder make or lose today?....weirdo

[kirk 6] 11/9/2017 11:49

I'm buying here looks good bow