San Leon Energy Share Discussion Threads

[1historyman] 02/5/2019 08:30

chart trader2000 - 16 Aug 2018 - 10:34:07 - 45894 of 47426
San Leon Energy - SLE
Notore Chemical Industries Plc has released its results for the nine months ended June 2018.

Here are highlights of the results

Revenue
Revenue fell from N25.8 billion in 2017 to N20.5 billion in 2018. This represents a 20.5% drop year on year.

Loss Before Tax
Loss before tax increased from N3.7 billion in 2017 to N3.9 billion in 2018

[1historyman] 02/5/2019 08:28

Total Investment Solutions SA (“Total”) and Amara Equity Invest SA (“Amara”) were issued 71,487,179 shares in total on behalf of Suntrust in September 2016. The Company received a notice on 1 October 2018 from Midwestern Oil & Gas Company Limited that it was now the registered holder of 47,243,590 of those shares, as shown in the table above. The Company has requested Total and Amara to confirm whether they still have a notifiable interest in the Company

[1historyman] 01/5/2019 20:06

or all 3 ?

[divmad] 01/5/2019 19:31

Wow. So much time in your hands. You must have made so much money in your previous life to be so fancy free..... Or else unemployed...or maybe writing from prison?

[1historyman] 01/5/2019 18:13

the lease of OML18 is due for renewal in 2019.

admission document.

[1historyman] 01/5/2019 18:07

smurf posted over at the asylum, that he was going to post at ADVFN to correct my posts. perhaps he has had a change of heart ?

[1historyman] 01/5/2019 16:46

right smurf, looking forward to your in depth reply.

[1historyman] 01/5/2019 15:52

The other 50% Eroton stake is owned by Bilton Energy Limited. Sun Trust owns 20% stake in Martwestern and consequently, 10% of the entire Eroton shares and 2.7% of OML 18. Sun Trust is alleging illegal conversion and transfer of a substantial part of the Martwestern shares to some other companies purportedly brought in as shareholders outside the framework of the existing Shareholder Agreement between it and the other two original shareholders of Martwestern, without its (Sun Trust) knowledge and input.

………;..

not correct but maybe no smoke without a fire ? after all it's Nigeria where anything is probable.

[1historyman] 01/5/2019 15:13

info.pvr by Alaric
Mon, 29 Sep 2014 08:52:00 GMT

LD - am a new investor in SLE and have taken a reasonable position. all AIM hydrocarbons explorers are pretty high risk but i was attracted by the spread of interesting assets being brought forward here. with a market cap under $100m now, this stock looks to me (and a number of like-minded fellow investors of mine) substantially risk-priced and offering big upside on news coming through. i appreciate your valuable research and insight. By Alaric

Alaric by linksdean
Mon, 29 Sep 2014 17:28:00 GMT

cheers..links By linksdean

[alaric7] 01/5/2019 15:00

heh nice re-post from bluerill (lse). most sense i've read in quite a while here. now we see the correlation between eroton's successful refinancing (on the back of a huge paydown of its RBL over the last couple of years) and the funding of new wells and workovers,which bodes extremely well for us now.

[1historyman] 01/5/2019 13:48

we all know stupid people, we all know some people are stupid but what is the fascination of coming on to a bboard and proving it ?

[1historyman] 01/5/2019 13:47

I'm surprised that LTH'S sold shares at the equivalent of below 0.5p, then again I'm
never that surprised what LTH's think is a success.

[czar] 01/5/2019 13:41

Time to buy back the shares we sold in the tender offer methinks.

[1historyman] 01/5/2019 13:28

The other major announcement of 2019 of course came earlier, in January's release regarding Eroton's massive capital restructuring, which was even more significant to long-term value for our shares (i've reprinted it multiple times on the other message board, but the troll under the bridge over there seems to have a problem with its plain language and clear implications for the group), though I admit this also has not yet been reflected in the share price. I know I've highlighted this before, but with Eroton throwing off enough cash to have paid down some 40% of its RBL and THEN being able to refinance the balance on such attractive terms with just a single bank (down from 7, I believe), not only frees up 80m+ for investment AND future dividends (imagine what our share price will do if that NEW source of cash is confirmed sometime this year), but the signal it is/should be sending to the markets (both the stock market here as well as the O&G market in country) about the group's growing credibility and more importantly, its future relevance.

bluerill