San Leon Energy Share Discussion Threads

[1historyman] 25/7/2019 10:08

tks, I hadn't factored in the loans in the MLPL, pse add that to the lone ranger figure, what ever figure u like.
OF is great at doing deals but the deals turn out not to be great deals, that's why they had to write off over 200 mill for the previous deals.
will this deal turn out to be any better ? well for OF it will for. for the LTH's I've not seen anything to convince me that it may.

[echoridge] 25/7/2019 09:05

Again, I'M the nob, huh? I said i believe divis have started to get paid, but that's into MLPL, not sle, (at least not yet), and everyone knows that as Eroton start to pay in, those early funds first go to offset the loan note that they have taken out with us and have been of course repaying. Only AFTER that is repaid, does the rest of the group start to receive divis, you 5-alarm numpty. Oisin pulled off the deal of a lifetime, getting 10%+, plus the service contract of OML18 now essentially for free (since the original loan principle has essentially been repaid to us and the balance owed us is all interest gravy), but not even he's enough of a financial wizard to start getting dividend payments before the principal operator's outlay is repaid. #donaldtrumpwouldbesoproud

[1historyman] 25/7/2019 08:15

let's assume Eroton's earnings for the first six months of this year.
We will not include any gas earnings as the company stated they lose money on gas sales but let's be nice and count gas sales as break even.
we will use SLE's production figure at the end of the year
30k bopd sales > Eroton's share 7.5k bopd.
When the interims are published u can rework the totals up or down.
They state that NCPL has been out for 25 days this year, so let's be nice, again, and allowing for start up of production 30days downtime.
We will use the average oil price Lekoil stated they received this year 66 u$.

So 5 months x 30 = 150 days.
150 x 7.5k = 11,250,00 x 66 = 74,250,000 u$

u then need to deduct, the costs, pipeline taxes etc, overhead.
all a secret so u can guess the figures are not good.
then u need to allow for the lone ranger.
RBL 25 mill u$ a quarter so 50 mill u$
SLE 19 mill u$ a quarter so 38 mill u$

oh dear no wonder SLE doesn't publish Eroton's figures, the biggest jam tomorrow share on the market,
of course IMO.
now which nob stated the will have already started paying a dividend to SLE.
beware of fools and charlatans.

[alaric7] 24/7/2019 20:21

heh junkie, take it from me - you'd do well to confine yourself to the shipping forecasts from here, as your san leon ones over 12 months or so have been just dire, let's face it. your expertise in demurrage however is evidently of a higher order altogether and i think the board would benefit from prior knowledge of loading delays on the Niger Delta. we probably don't need too much of this kind of stuff though and so a quick monthly update, say, might suffice?

[divmad] 24/7/2019 16:54

Money returning to Nigerian oil plays in recent days, presumably as Buhari gets down to signing deals previously agreed and as the Cabinet membership is agreed

[callasjunkie] 24/7/2019 16:03

I'm so disappointed Alaric. It's only days ago that you referred to me as the Son of God.

[alaric7] 24/7/2019 13:27

maybe we should 'demur' from taking the mick too much. poor old junkie has taken quite a pasting of late...

[alaric7] 24/7/2019 10:50

spot on echoridge, you nailed it and him this morning.we should call him 'demurrage-junkie' henceforth, ha ha.

[echoridge] 24/7/2019 10:23

By the way, by the way, i know what demurrage means and how its used. But that's kind of the point. You use it ostensibly to help make a 'point', but that 'point' is in aid of an argument that defies simple logic and is more a part of your overall effort to perpetually demagogue the strategic plans of the company. Because of that, your using a fancy-sounding inside baseball term is quickly seen as just a rookie attempt to establish your industry bone fides so you can continue to dissemble, distract and discredit. Demurrage. It's almost a metaphor for your presence here......

[alaric7] 24/7/2019 10:23

i guess the realisation now dawns on the troll fraternity that the end of pipeline losses is no longer just a nightmare - it is becoming reality before their eyes . still you can dream of what might have been if only Avobone, the licence renewal, failure of the quarterly payments and Sun Trust had done for us, as you all predicted. what a crying shame eh - hankies out guys.

[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 .