San Leon Energy Share Discussion Threads

[1historyman] 07/5/2019 08:57

1historyman - 03 May 2019 - 10:24:35 - 47489 of 47526
San Leon Energy - SLE
interesting item from Notore Chemicals in that they have a 20 year fixed price
contract for their gas.
Good news for Notore bad news for SLE shareholders.

[alaric7] 07/5/2019 08:46

yep looks like Jite Okoloko has got his Notore business very well positioned now to take advantage of changes in Govt. agricultural policy. Clearly a man of some vision, with his free enterprise zone adjacent as well as his oil and gas interests,one can see the pieces of the jigsaw coming together.

[alaric7] 06/5/2019 14:05

here's a nigerian news link posted by mclean on lse, with a slightly different take on notore finances! hxxps://www.energymixreport.com/notore-records-n4-6bn-operating-profit-in-6-months/

[divmad] 05/5/2019 12:22

Regardless of what history man's agenda is, it actually has helped me to add 10-20k more shares per week since the TO was finished, whilst there is a news vacuum . Let's see how many shares I can amass over the next few months before the next leg up gets going.

[alaric7] 04/5/2019 15:38

absolutely correct boston. this guy is a demented menace, who has tried his hardest over time to harm our interests here. agree with Divmad though that positive news coming through now should sound his deathknell on this board finally and get us back to a healthier discussion!

[echoridge] 04/5/2019 11:44

well put, Divmad.

[divmad] 04/5/2019 11:36

All this codswallop should be history when Sle comes out with news. Its absence breeds mindless garbage.

[alaric7] 04/5/2019 08:19

Sun Trust - 'it's called doing business' yep it was a bad day's business their crook of a ceo did when he parted with his slice of OML18.and then to make matters worse for him, his SLE shares halved in value. and that my friends is the simple reason they subsequently tried to renege. well that and the fact that they were up to their necks with GT bank and probably then breaching their banking covenants with the fall in the value of their collateral - our shares! their board meetings must have been fun.

[alaric7] 04/5/2019 00:27

omg boston, is that seriously what all this has been about? he's lost some money on an AIM stock, which he couldn't afford, and so it's boo - hoo all day long for the last few years? seriously? that's all he does - endlessly post here! the guy clearly needs some help and he shouldn't be anywhere near AIM.

[alaric7] 03/5/2019 19:13

i'd never have guessed it history adult. sorry to be picky on the details but don't think i commented on generic corruption in nigeria as such. in their press, which you appear so impressed by, as i've demonstrated yes indeed. but whilst their political risk will show as high on most of the major insurance brokers' profiles, the scale of their corruption as such by global standards is relatively junior. (eg. look at the Al Yamamah arms scandal to see what state sponsored corruption can look like).

[czar] 03/5/2019 18:51

getting hard to buy much now

[1historyman] 03/5/2019 16:26

I read everything, then I make up my own mind as to what I believe or not as I'm an adult.
I know that based on previous history, not to dismiss anything too quickly.
u are correct SLE is invested in one of the most corrupt countries in the world, what could possibly go wrong.
enjoy the weekend !!

[1historyman] 03/5/2019 14:56

SunTrust, it's called doing business, guess your gripe is they are better at business than SLE ? they bought shares in the placing according to SLE, either u are wrong or SLE, take your pick.
u forgot to thank links to replying as u on one of your posts, bad form.

guess it can get confusing having so many different log ins.

[alaric7] 03/5/2019 14:26

how did i miss the fact you may be dimwitted as well as psychotic? i don't give a toss whether it was a good or a bad deal for ST. es tut nichts. (i hope it was a bad deal only because they're such a bunch of crooks and looks like they agree, as why else would they try and renege on it, after freely entering it and then trading out some of the shares they got as consideration at a profit later?) you notice they only challenged this after san leon's share price slid right down from the placing price of 45p) the point at law is they kind of left it a bit late to complain and say the original deal was 'illegal'. they took part in it and indeed even profited from it initially. by all means believe what you will in the fake nigerian press about this because today it suits your psychopathic vendetta against san leon and its shareholders to do so, but be warned you're digging a hole from which you will not emerge other than with much egg on face.

[1historyman] 03/5/2019 13:02

Eroton accepted liability for all decommissioning
liabilities (whether or not in excess of Eroton’s participating interest in OML 18 and whether or not
incurred before or after completion of the acquisition

[1historyman] 03/5/2019 13:01

Decommissioning costs inherited from the Assignors
Abandonment and reclamation of facilities and the costs associated therewith is often referred to as
“decommissioning.” Eroton inherited the Assignors’ decommissioning liabilities and will therefore
be responsible for costs associated with, for example, abandoning and plugging wells, facilities and
pipelines and decommissioning infrastructure that it may use for production of oil and gas. There
are no immediate plans to establish a reserve account for these potential costs rather, the costs of
decommissioning are expected to be paid from the proceeds of production in accordance with the
practice generally employed in onshore and offshore oilfield operations. Should decommissioning be
required, the costs of decommissioning may exceed the value of reserves remaining at any particular
time to cover such decommissioning costs. If Eroton determines there is a need to have a reserve
account, or to the extent the funds available in any such account are insufficient to cover the
decommissioning costs of OML 18, Eroton may have to draw on funds from other sources to satisfy
such costs. Under the acquisition agreement, Eroton accepted liability for all decommissioning
liabilities (whether or not in excess of Eroton’s participating interest in OML 18 and whether or not
incurred before or after completion of the acquisition) and has agreed to indemnify and hold the
Assignors harmless in relation to the same. Should decommissioning costs exceed those estimated by
Eroton, this may in turn have an adverse effect on the Enlarged Group’s business, operations,
financial performance, cash flow and future prospects.


………;……̷0;..

that's quite a lot of jam tomorrow or even the day after.