San Leon Energy Share Discussion Threads

[callasjunkie] 24/7/2019 09:38

Well Echoridge, Eroton haven't shown too much intelligence in getting their oil to market, since they bought into an arrangement that gives 20+% losses through a pipeline that is increasingly becoming a collander.
No I can't subscribe to the FSO plan in the short to medium term, although I admit those 20%+ losses will pay for a lot of investment.
By the way 'demurrage' is the definitive industry term for determination and financial allocation of shipping delays, themselves a day-to-day feature of the oil business.

[pastyman3851] 24/7/2019 08:53

https://oilprice.com/Latest-Energy-News/World-News/Nigerias-State-Oil-Firm-Secures-3B-Deal-To-Develop-Oil-License.html

[echoridge] 24/7/2019 08:27

Finally, it bears mentioning that there is a new, emerging threat to this/these hateful troll(s) - aside from rational, joined up thinking of course - and that is a sudden revival of investment interest in the general small cap oil and gas sector. Recent corporate actions at important names like Jersey O&G (up 150%) and Amerisur (50%) has confirmed to a number of hedge funds that the sector has simply become too cheap (a worldwide issue, to be sure, but the UK/AIM names are particularly interesting to deep-value oriented funds due to the sustained weakness in sterling which is and will continue to flatter results and asset values for UK listed companies when they report results). SLE has been on many funds' lists ever since it announced its capital return and I believe is starting to see renewed buying, which in turn is taking out a few legacy sellers since the tender and is thus leaving the supply-demand balance in our shares in a highly favourable condition, remembering of course that over 90% of those shares are now held by Tosca and strategic insiders.

[echoridge] 24/7/2019 07:53

Second, as to the cerberus head marked callasjunkie's latest screed against the company's proposed temporary theft/damage pipeline remedy while the new pipe is being lain; namely barging a majority of output down river to an FSO. Notice how this creature tries, via some local knowledge and background in oil and gas, to somehow invalidate vetted company statements and way worse, simple common sense. So, after I explain in the simplest economic terms why the barge/FSO remedy,which will lift our production yields by 10-25% and thus is a clear financial gain while the pipeline is being built, instead of recognising the logic, this creature digs his cloven hooves in deeper: '...."We will be barging to the FSO of course". Fantastic! Your plans seem to be so much more advanced than Eroton's. Please reveal how the crude gets from the FSO to market. If it's via Bonny, they won't be too impressed with the prospect of significant demurrage which when occuring would be rechargable to Eroton. That's assuming they can or will entertain such a logistical nightmare.....' So, in other words, the creature is admitting the process is viable but, omg!, no one - not Oisin, not Jite, not our deep and experienced board - has considered THE SINGLE most important part of the strategy - getting the oil to market! - and thus the it will, according to him/it, end up stranded in the FSO and (omg omg!) suffer 'demurrage' (wow. such a fancy term. You must be reeeeeally smart). Of course, that is patently idiotic, but sadly typical. You want to know how the Company will get its output from the FSO to market, callas? Well, you claim to be such an expert in Shell's activities. My guess is that it might help to check with them and then come back so you can lie to us some more.....

[echoridge] 24/7/2019 07:15

Right. First off, of course Alaric is absolutely right to remind everyone of this Cerberus's ever-growing (but incomplete!) list of disproven, often grotesque accusations against the company, many of which were not based to begin with on anything other than wild speculation and fuelled by a still somewhat mysterious malice. And subsequently, as the company has in fact pushed on slowly but surely, racking up steady successes, there has never been even the tiniest recognition of their awful prediction record, just the now predictably cynical pattern of turning to the next 'issue' that - and this is key - not just represents a roadblock for the company but will inevitably be an existential threat. No delay, no problem, is too trivial not to be described by this/these creature in anything but the most apocalyptic terms (that of course even extends to any mistake;oversight by someone on a message board, for chrissake!). Some would say that the creature realises this outrageous posture is increasingly necessary as the company's plan in Nigeria is falling into place, backed by a pro-forma cash position that exceeds the its market cap, and I must admit, that increasingly appears to be the only reasonable explanation.

[alaric7] 23/7/2019 23:05

heh junkie remind me what the differences between an assignor and an assignee is. while you're about it, why not finally spit out why you thought Sun Trust's case against us was so good and why Avobone were going to bust us and why we weren't going to get the licence renewed?? so many questions unanswered by the trolls and yet they still spew forth sewage. you're absurd.

[callasjunkie] 23/7/2019 22:14

Quod est demonstrandum.

[callasjunkie] 23/7/2019 21:43

Still no answers.....only the puerile language of the gutter.

[echoridge] 23/7/2019 21:41

Thanks for not disappointing me. For a second there, I thought you were putting the poison aside and asking me a legit question, looking for a legit answer, and I was having trouble processing your road to damascus conversion Stupid me. Stick your lips on the sle's tailpipe, suck it and see, cretin, because you're in for a long, hard drive.

[callasjunkie] 23/7/2019 21:07

Not a single answer to my questions.
I guess it's because the RatPack don't have any.
Only the name-calling synonymous with the anonymous .

[callasjunkie] 23/7/2019 19:39

"We will be barging to the FSO of course".
Fantastic! Your plans seem to be so much more advanced than Eroton's. Please reveal how the crude gets from the FSO to market. If it's via Bonny, they won't be too impressed with the prospect of significant demurrage which when occuring would be rechargable to Eroton. That's assuming they can or will entertain such a logistical nightmare.

[alaric7] 23/7/2019 17:19

ooh, so much noise today about the new export facility from the shorter trolls here. think you trod on the ants nest echo! mind you i'd be worried about it if i was them. given the woeful and embarrassing failure of their toxic endgame predictions for us so far (Avobone, quarterly payments, licence renewal, Sun Trust etc), the now prospective end of pipeline losses must be their ultimate nightmare. looking on the bright side for them though, the troll agonies will not be drawn out for long now and they will be able to go home, lick their wounds and sulk

[callasjunkie] 23/7/2019 14:08

Echoridge, in your opinion,where would Eroton send the barges? If it's Bonny, is Bonny geared to take barge traffic inwards when it's assumedly designed as an export terminal, handling large, outward, parcel sizes?

[echoridge] 23/7/2019 11:34

Stupid, huh? I think I'll just let this board and 'history' judge that one. Speaking of bandwidth though, I would show you what just 3/4 months of barging would bring in while we build the pipeline - making the combo a totally rational business decision - but it would involve math and you have trouble with higher brain functions. Oh dear, oh dear, oh dear, you complete and utter, totally morally, ethically and intellectually bankrupt, dope.

[1historyman] 23/7/2019 11:28

links, I never thought I would post the following, u have serious competition for being the most stupid person who own SLE shares and posts here.

[1historyman] 23/7/2019 11:26

I think a great big FSO tethered at the end of the pipeline may just give the game away. not bothering with your integrity today then. oh dear.

[1historyman] 23/7/2019 11:24

echoridge
23 Jul '19 - 10:47 - 47943 of 47944
0 0 0
You think another 'possibility' is that he might, just might, want to use such indifferent language in order to bring as little attention as possible to such a major strategic project - which is already underway, you titanic numpty - and that way minimise the likelihood that the very bad guys he has just been complaining about are alerted? What a muppet.

………;……̷0;……

no.

[echoridge] 23/7/2019 10:53

Unlike Jabba, these thieves are clever and the pipeline that our company is building needs to be as well. The route chosen and the engineering decisions taken are part of a focused effort, as articulated in the recent announcements, to create an immediate and sustained improvement in our output yields even before new production is included. This is one of the top 3 or 4 factors that will drive our share price through H2 2019.

[echoridge] 23/7/2019 10:47

You think another 'possibility' is that he might, just might, want to use such indifferent language in order to bring as little attention as possible to such a major strategic project - which is already underway, you titanic numpty - and that way minimise the likelihood that the very bad guys he has just been complaining about are alerted? What a muppet

[pastyman3851] 23/7/2019 10:11

https://www.thisdaylive.com/index.php/2019/07/23/emafo-security-challenge-to-indigenous-operators/Interesting read

[1historyman] 23/7/2019 10:10

Yes, we are working on the possibility of an alternative crude evacuation line due to the current challenges faced, which we are hopeful would significantly reduce crude theft and improve production uptime from our Asset.

………;

possibility, oh dear, oh dear. is that the sound of chickens coming home to roost ?