San Leon Energy Share Discussion Threads

[1historyman] 05/7/2019 13:04

PEEL have shares they want to sell, they don't want to buy and so offer 35p > 38p,
why don't u guys help them out and buy some shares ?

[echoridge] 05/7/2019 12:59

'...u guys should get out more and get a life....' And with that, overcome by irony poisoning, an entire message board simply collapses into fits of mocking laughter.

[1historyman] 05/7/2019 12:45

u guys should get out more and get a life.

[echoridge] 05/7/2019 11:48

How would we know if they had? Not the sort of thing a company necessarily publicises

[divmad] 05/7/2019 11:21

Surprised Sle hasn't already taken notice and given the poster a written warning.

[alaric7] 05/7/2019 09:37

I have now written to Advfn, putting them on notice of our position here. As an ISP, if we now notify defamatory posts to them, they can then no longer hide behind the protections provided by the Defamation Act and essentially become the publisher of any defamatory posts. In other words, as publisher they potentially take on the risk of defamatory posts appearing on their board. I have at the same time notified San Leon of my actions.

[alaric7] 04/7/2019 21:06

echoridge - that's a fair summation of what this guy's about. he has a highly disengenuous and dissembling style but clearly tries to pick his words carefully in an attempt to avoid the kind of complaints we are indeed now levelling. however courts will look through such behaviours to see what overall meaning an author is trying to create, particularly where there is a significant and repeated pattern of them. so indeed false innuendo can be as libellous as direct expression if a court sees that it is intended to damage reputation and particularly when it is evidently malicious. I suggest most of these boxes are ticked in the present instance. with regard to Advfn's position, as an ISP they are specifically given a defence as 'a publisher' as such under the Defamation Act 1996, where they let posts go up to be seen by their subscribers. However the High Court has held that this statutory defence is removed, if the ISP does not act reasonably in removing offending material immediately once notified of its existence. I intend to write to Advfn advising them of their legal position (of which they will already be aware) and putting them on general notice of this poster. I think then right minded posters on this board should notify any potentially libellous posting which would then put Advfn in the hot seat, as it were.

[echoridge] 04/7/2019 12:56

Interesting, Alaric. I admit I have forwarded those very 3 posts on to the company which, as you suggest and I agree, can be, and are doubtless meant to be - interpreted as alleging malfeasance. Despite my descent occasionally into name-calling (has anyone EVER deserved it more?), I have made a genuine attempt to school this often disturbed individual with the facts to counter his baseless claims, while still treating at least some of his errors as accidental since, though he thinks highly of himself, he clearly lacks basic accounting and equity market knowledge. It is largely a thankless task as he so often just powers his way through any discussion, dissembling, re-posting and re-pasting old, already discredited notes and long, meandering, but largely useless information from websites of dubious origin or without providing any provenance at all; all done to try and overwhelm this board with stuff and nonsense.

However, in my mind, the posts last night sought to impugn management's financial propriety(which, by the way, came out of absolute nowhere after I exposed his ludicrous attempt to diminish the Group's achievement relative to its peers in renewing their license so early), and thereby crossed a line. It's a line I'm pretty certain someone like him has crossed before and will again but, no matter the long odds of regulatory redress, one has to draw one's own line somewhere. #enoughisenough #coward

[alaric7] 04/7/2019 11:06

as echoridge correctly highlights, the company’s cash position is entirely robust and Eroton are evidently managing their own financial health very well. to insinuate to the contrary and suggest that funds are somehow being misappropriated and that operator Eroton is financially stretched is not only wrong but prima facie libellous (as it's in writing and indeed there is a long written record of this kind of posting on this board. as such it is almost certainly actionable. the Advfn board itself as the publisher also has to be wary of its position as they could be co-liable. if the intention of such posting is to manipulate the market in some way, then more serious considerations arise, including criminal liability. I suspect hitherto the company has paid not that much regard overall to what is written on these boards but I intend to draw their attention to the present status given its virulence.

[alaric7] 04/7/2019 07:00

meant to add i was told some while ago by a holder here that the company does apparently know who the defaming posters are and keeps a legal file running on the subject.personally I would advise them to action that now

[alaric7] 03/7/2019 23:43

yes bla bla bla, yawn, bla bla. we get you lost a shed load of money here in the past , history / trader /junkie, but none of us has any clue what you're blathering on about nor frankly can be @rsed to read your prolix, defamatory and extremely boring posts. you don't ever answer my simple question why you are still around?

[1historyman] 03/7/2019 20:17

someone is likely to mind their own business if it's worth minding.
when it is not, he/she takes their mind off their own meaningless affairs by minding other peoples business.

[1historyman] 03/7/2019 19:53

in 2017 they received 39.6 mill u$ and in 2018 66.2 mill and this year 10.7 mill
a total of 116.5 million u$.
they stated they had around 10mill u$ in cash at 24 June 2019 they had cash of around 10 mill u$ they never stated the debtors so pretty meaningless.
they returned cash to shareholders 30.5 mill.
so cash received > 116.5 mill u$ less 40.5 mill u$ >76 mill u$ sent to money heaven.
The total sent to heaven since the last placing 122 mill u$.

someone has done very well from SLE but that obviously doesn't include the long term holders.

[echoridge] 03/7/2019 19:52

So, no. Just another pivot to another baseless slur, completely wrong as written, made up on the spot by a cowardly fabulist, who thinks he can casually toss out such libels without repercussions. He's mistaken

[1historyman] 03/7/2019 19:40

the loan was only for 174.5mill ( from this year's accounts ) so 46.5 mill u$ sent to money heaven.

[1historyman] 03/7/2019 19:37

SLE raised 221 mill in their last placing and made a loan of 188 mill.
this is SLE so all figures approx. but 33 mill u$ sent to money heaven.

[echoridge] 03/7/2019 19:09

I'm sorry, Ivanka, did you answer my question or just cut-and-past a couple of long, meandering announcements of unknown provenance and timing which happen to contain a lot of familiar words and abbreviations? Is that meant to impress us? Well, not so much

[1historyman] 03/7/2019 18:57

The licences comprise of 35 Oil Mining Leases, OML, and seven Oil Prospecting Licenses, OPL. The licenses are OML 114, which is operated by Moni Pulo Limited; OML 115, which is operated by Oriental Energy Resources Limited; OMLs 29, 24, 18 and 30 operated by Aiteo Eastern E&P Company Limited, Newcross E&P Limited, Eroton E&P Company Limited, and the Nigerian Petroleum Development Company/Shoreline Natural Resource Limited, respectively.
Others are 17 OMLs operated by Shell Petroleum Development Company; OMLs 4, 38 and 41 operated by Seplat Petroleum Development Company Plc; OMLs 40, 42, 26, 34 64, 65 and 66 operated by NPDC, as well as OMLs 116 and 117, operated by Agip Energy and Natural Resources and Amni International Petroleum Limited.
According to upstream concession status contained in the firm’s yearly report for 2017, about 51 OPLs and OMLs of different oil blocks will expire between 2010 and March 2019. Another 85 OPL and OML will expire between April 2019 and 2029. Kachikwu, who had earlier confirmed the ongoing renewal to AljazirahNigeria, stated that all oil blocks that are due for renewal will be approved by the first quarter of this year.