San Leon Energy Share Discussion Threads

[1historyman] 03/5/2019 09:19

according to my stalker I post as at least eleven different posters, only two less than links himself.

[pjj71] 03/5/2019 08:24

Notore got a USD37m loan from Afreximbank yesterday for expansion....

makes you wonder why these odd links always appear before positive news ?!?

[1historyman] 03/5/2019 07:49

mclean91
Posts: 195
Opinion:
No Opinion
Price:
38.00
RE: Got to say
Today 07:03
You are posting a virus infective link exactly the same as your partner in grime yesterday



mclean91
Posts: 195
Opinion:
No Opinion
Price:
38.00
Got to say
Today 06:38
You hold no investment yet at the early hours in the morning you post the same as your lying self on advfn charttrader2000 /1historyman. Something is definatly wrong with you.

Callasjunkie
Posts: 373
Opinion:
No Opinion
Price:
38.00
RE: sun trust dispute.
Today 01:01

[1historyman] 03/5/2019 07:49

well done Alaric, u might now realise that if SLE didn't borrow at 17%, they loaned the money to someone else, Eroton.
if u could have linked the coupon to giving away nearly half of a ' world class oilfield '. u could have worked it out for yourself.
should u really be buying shares ?

[alaric7] 02/5/2019 21:00

as usual history, i have very little idea what you're drivelling on about. u don't stay on a point long enough to make any coherent sense nor do you answer specific points as they are put to you. calls to mind the diversionary tactics used by a poorly educated boy who thinks he's very street, in the way he ducks and dives. the artful dodger was good at it - you're not. btw i don't give a monkeys about san leon's tragic history which is totally redundant news and particularly in assessing the value proposition today. nor do i gave a toss about marginal share price or oil price movements ( for the record bonny light is trading down at 73 bucks from an April high of 76 and a low of 70 - BIG YAWN) and nor do i give a toss about the bloody nembe creek line any more because our future here will very shortly have nothing to do with it.

[1historyman] 02/5/2019 18:54

By Dan Molinski

-- Oil prices fell significantly Thursday after data a day earlier showed U.S. crude-oil inventories rose to their highest level in 19 months, as domestic production hits a record and refinery activity slows down.

-- West Texas Intermediate futures, the U.S. oil benchmark, was 2.6% lower at $61.97 a barrel on the New York Mercantile Exchange.


HIGHLIGHTS

Inventories: Oil prices have fallen four of the past six sessions and were on track for another decline Thursday as investors turned more bearish after the Energy Information Administration on Wednesday reported U.S. crude-oil stockpiles surged by 9.9 million barrels last week, versus expectations for an increase of 900,000 barrels. Domestic crude inventories now stand at 471 million barrels, the most since Sept. 22, 2017.

[1historyman] 02/5/2019 18:49

the bad news Brent is down 2.3% on some problem with the USA producing too much oil
the good news is it doesn't affect Eroton as the Nembe Creek Pipeline is closed.

[1historyman] 02/5/2019 18:44

u remember the fake news

Midwestern Purchase of San Leon Shares From SunTrust
On 1 October 2018, the Company announced that Midwestern had entered into a binding agreement with SunTrust to acquire SunTrust’s entire remaining holding in San Leon, being 71,487,179 ordinary shares (representing 14.29 % of the issued ordinary shares of the Company). As of that date 47,243,590 ordinary shares in San Leon (representing 9.44% of issued ordinary shares) had already been transferred to Midwestern. The Company has been informed by Midwestern that the subsequent balance is expected to be transferred in the near term, with a target date of completing the transfer by mid January 2019.

………;……̷0;…….

I guess the binding agreement was similar to the Turkish binding agreement which appears to have been signed on toilet paper.

[1historyman] 02/5/2019 18:36

I wonder when Nembe Creek pipeline will be back functioning ? with the earlier outage this year 3 weeks loss of production will really screw up their profit/loss account.

[1historyman] 02/5/2019 18:32

alaric, u posted that the last SunTrust legal action was fake news, u know the fake news that made Midwestern buy 47,243,590 shares from them.
I wonder what would have happened it u had thought it was real news.

[alaric7] 02/5/2019 18:06

im afraid your nigerian fake news specialist has become a laughing stock over on the lse board, where posters are not as naive as they appear to be here. my post to him earlier confirms:

'heh Afa, that fake news you posted up yesterday seems to have vaporised. what can it all mean? the news was and always has been completely fake. you seem unable to explain even in general terms what your interest is here and you haven't attempted to respond at all on how it is that Sun Trust allegedly maintain a case against Midwestern/ Eroton/San Leon, notwithstanding they have sold all their shares in San Leon for value. i put it to you that your postings over time have been fake, libellous and probably illegal. your credibility on this board is i imagine now zero.

please click on your original link: hxxps://www.thenigerianvoice.com/news/277762/billionaire-onajite-okolokos-midwestern-oil-gas-eroton.html

i wonder how much was in their brown envelope for this garbage? please do not bother us here again, as this board is intended for serious exchange of factually based views.'

[alaric7] 02/5/2019 18:00

no history man this has nothing to do with the thing whatsoever,as you know. my question exposes the major flaw in any argument or story which still maintains that Sun Trust's legal proceedings against us remain current(as indeed the recent fake Nigerian Voice story did, as posted by the troll poster Afafumane on lse, which started this hare chasing again on these boards). to recap though i think, although this transaction doesn't per se involve San Leon, they and we do know the numbers of shares and i would be very surprised if they didn't have some idea of the value ( although both are essentially irrelevant to the point in question). by way of reminder the last we heard was the RNS dated December 2018. This said:
'On 1 October 2018, the Company announced that Midwestern had entered into a binding agreement with SunTrust to acquire SunTrust’s entire remaining holding in San Leon, being 71,487,179 ordinary shares (representing 14.29 % of the issued ordinary shares of the Company). As of that date 47,243,590 ordinary shares in San Leon (representing 9.44% of issued ordinary shares) had already been transferred to Midwestern. The Company has been informed by Midwestern that the subsequent balance is expected to be transferred in the near term, with a target date of completing the transfer by mid January 2019.'
Now while the outstanding transfer of just over 24m shares doesn't look as if it's happened yet, it remains contracted to and frankly even that is incidental to the key point, which is and always was the Elephant in Sun Trust's courtroom. Which is why did ST accept these San Leon shares as part of their transfer of their original piece of Martwestern, when they were to subsequently claim (albeit after the value of these shares had fallen)that the original shareholder agreement relating to Martwestern had been breached and that the assignment of this indirect interest in OML18 breached DPR rules? To make matters worse for them they had in fact already sold a chunk of their San Leon shares at a profit, also before raising these spurious claims. And then of course as above they agreed in October 2018 to sell the 71m odd shares to Midwestern. Aside from any legal arguments like acceptance of breach , waiver or estoppel, by agreeing to sell for value the shares they had accepted as part of the original deal, they had effectively pulled the rug from underneath themselves( ie.you cant have your cake and eat it) And if that isn't enough for the boneheads who push these fake Nigerian stories, Sun Trust would have also had to object within the stated period as San Leon did its capital reorg earlier in the year. They didn't object and moreover San Leon would have had to get written acceptance of that from Sun Trust to convince the court that there were no outstanding claims. As you know the capital reorg was approved. The main Sun Trust story ended some considerable time ago. Sorry but choosing to believe fake Nigerian news stories concerning a dodgy Nigerian outfit called Sun Trust is a desperate example of clutching at straws and only for the truly gullible. ie you. as for the final transfer of the 24m shares, i feel sure that will happen but it's not a particular concern of ours. Am sure though Jite will want them and Midwestern are contractually entitled.

[1historyman] 02/5/2019 16:23

whilst I never was CP or Kwidzyn, if SLE going private, after all the cash TOSCA has provided for OF, it's doubtful they will want to share the profits with the plebs.
I would settle for that, could u links.
the good news the chance of a profit is as always with SLE jam tomorrow or most probably the day after.

[1historyman] 02/5/2019 16:19

oh dear, my very own stalker.