San Leon Energy Share Discussion Threads

[echoridge] 25/8/2020 17:34

who forgot to disinfect?

[wayo] 25/8/2020 16:41

it's turned out nice again.

[wayo] 25/8/2020 10:14

u meant No ?

[1kempton] 25/8/2020 09:28

So nothing to do with sle!! No.

[wayo] 25/8/2020 08:33

Aseana Properties Limited

("Aseana" or the "Company")



Shares in Public Hands


The Board of the Company announces that the number of ordinary shares which are deemed by the Listing Rules to be held in public hands is below the minimum 25% threshold. The Listing Rules provide that shares are not considered to be held in public hands if they are held by persons (or persons in the same group or persons acting in concert) who have an interest in 5% or more of a listed company's share capital, as well as shares held by directors of a listed company and shares held outside the EEA.



The Company's shares in public hands is currently estimated to be approximately 17%. Following the Company making a request to the FCA, the FCA has agreed to modify temporarily the relevant Listing Rule to permit this decreased level of shares in public hands for a period up until 24 February 2021, or completion of the demerger proposal described in the Company's announcement of 7 May 2020 (whichever is the earlier). During this time the Company will continue to monitor its share register and keep the FCA informed of any relevant developments as well as working towards restoring the number of shares in public hands.

[witheco] 24/8/2020 16:20

Yes, turned out nice again.

[1kempton] 24/8/2020 09:34

hxxps://punchng.com/nnpc-generates-4-6bn-from-crude-exports-in-13-months

[witheco] 24/8/2020 09:23

Looks like it's going to turn out nice again.

[witheco] 24/8/2020 09:20

The economy of Nigeria shrank 6.10% YoY in Q2 2020 cf. to 1.87% growth in the previous period. It was the first economic contraction since Q1 2017 and the steepest since Q1 2004, amid the spread of Covid-19 pandemic and nationwide shutdown efforts aimed at containing it as well as still-subdued oil prices. (TRADING ECONOMICS) 4 mins ago.

[wayo] 24/8/2020 09:16

In the last few years, most of the grants by the Government of Nigeria have been in the form of
production sharing contracts and marginal fields. Production sharing contracts are contracts
whereby the NNPC alone holds the OPL or OML and enters into a contract with an oil and gas
company whereby the oil and gas company takes the risk of exploration on behalf of the NNPC in
exchange for a right to a portion of any production. The contract area of the production sharing
contract is usually equal to an OPL or OML and the oil and gas company has an exclusive right to
work within that area. A production sharing contract usually has a term of 30-years with a 10-year
exploration period and 20-year production period.
A marginal field typically consists of a capped oil field within an OML that has not been developed
by the OML holder because it falls below the materiality and economic thresholds of major oil and
gas producers. The policy governing marginal fields arose from the indigenisation policy of the
Government of Nigeria that sought to encourage Nigerian companies to participate in the
exploration and production of oil and gas. The marginal field regime also sought to curb the rates
of abandonment of depleting fields that, while not commercially attractive to major oil and gas
producers, would be attractive to smaller indigenous companies. Further to this policy, the
Government of Nigeria auctioned some of these marginal fields to smaller players in the industry.
Marginal field owners have since worked to develop the fields for their own account paying taxes,
royalties and dealing directly with the governmental authorities. Upon the grant of the marginal
field, the marginal field owner enters into a farm-out agreement with the OML holder, which may
be an international oil company and/or the NNPC and, as part of the agreement, the marginal field
owner is required to pay an “overriding royalty” to the original OML holder.

Admission document.

[1kempton] 24/8/2020 07:36

But this is good to know

hxxps://punchng.com/nnpc-generates-4-6bn-from-crude-exports-in-13-months/

[1kempton] 23/8/2020 20:25

Good news for nigeria..

hxxps://www.thisdaylive.com/index.php/2020/08/23/nnpc-records-378-42m-crude-oil-gas-export-receipts-in-june/

[1kempton] 23/8/2020 17:38

wayanchor..it is obvious you are not a shareholder as you would have read the "doc" ..you havent..cos your a non holder bent on delivering untold lies to deceive..

cream on wayanchor..

www.sanleonenergy.com/investors/reports-notices-shareholder-documents/corporate-presentations/

[1kempton] 23/8/2020 17:01

hxxps://www.sanleonenergy.com/investors/reports-notices-shareholder-documents/corporate-presentations/

[echoridge] 23/8/2020 10:51

shame. perfect example. earliest 2031 for any fall in their ownership percentage of OML18, more like it. check the data. Real World

[wayo] 23/8/2020 10:48

The Company’s strategy following Admission is to ensure that Eroton increases production at OML 18
through the further development of the OML 18 asset to reach target production of approximately 115,000 bopd of oil
and approximately 485 MMscfpd of gas by 2020.

admission document

[echoridge] 23/8/2020 10:45

'....wetin you dey yan...' Now THAT'S what I'm talkin about. Tell jabba that you would really prefer not to have to go outside your core competency anymore. I'm sure he'd understand.

[wayo] 23/8/2020 10:45

Upon all of Eroton’s costs relating to the acquisition of OML 18 (including the consideration, associated
expenses and any accrued interest) being repaid to Martwestern and consequently to BidCo, as well as
reaching a minimum level of production at OML 18 of at least 40 Mmboe, the indirect economic interest
of the Company in OML 18 will reduce to 5.40 per cent. in line with its 50 per cent. shareholding in Eroton. This is expected to occur in early 2021.

Admission Document.

[echoridge] 23/8/2020 10:38

I warned youcertainlyare on Friday about the dangers of going from plain old jabba sycophant to jabba surrogate. I tried to explain that life in that particular poisoned bubble suddenly isn't all mindless gurgling and sixth form putdown attempts anymore. That's because eventually, they're going to get asked to step up and pretend to know what they're talking about on a subject that ISN'T standard fare down the pub or in group therapy. Eventually, they get fed material without any context, which they are then expected to re-post and then, even though the original source is obvious, they're on the hook with their pants 'round your ankles. Problem is, since they understand nothing about either the oil business or Nigeria or like, anything of relevance because they're nothing more than a troll for hire, they inevitably end up owning themselves (certainly an increasingly common situation for jabba himself lately as his desperation levels have risen) as wayinoverhistinyhead is here. Gotta be better for these guys to remain standard boot lickers and let jabba focus on making a fool of himself for all of them.

[wayo] 23/8/2020 10:29

wetin you dey yan

[alaric7] 23/8/2020 09:54

indeed echo and the natural attrition from uneconomic fields, not just in Nigeria but globally, will be a most healthy thing for efficient operators.

[echoridge] 23/8/2020 09:37

good thing oml8 is....

[wayo] 23/8/2020 08:57

Femi Asu

The Society of Petroleum Engineers Nigeria Council has said many oil and gas projects are not economic at the current oil price of $45 per barrel.

The Chairman, SPE Nigeria Council, Joseph Nwakwue, said the collapse in crude oil prices and demand had huge negative implications for petroleum engineers.



Nwakwue spoke at a press briefing on Tuesday ahead of the SPE Nigeria Energy Industry Transformation Summit slated to be held virtually next week.

He said, “COVID-19 shut down the world economy; with that came a reduction in the demand for our major commodity, oil.

“Reduced demand has resulted in low prices. That means less jobs; people are laying off. Projects that should have been sanctioned, maybe those with breakeven prices in the $50-$60 range, can no longer go forward.

“You can’t employ people for those projects. So, it has had a very massive negative impact on petroleum engineering as a whole.

“If the outlook for prices is not rosy – people don’t think prices are going to recover in the near term because it is going to take a while for demand to reach pre-COVID-19 levels.

“At $45, many projects will not be economic and if they are not economic, you don’t hire people. So, it is not good for us; it has been a very challenging time for the industry.”

Nwakwue said the forthcoming summit would discuss the changing global energy landscape, adding, “SPE Nigeria recognises the ongoing energy transition and the challenges it has thrown up.

“We also feel that as industry experts, we are better positioned to lead the discussion on what the industry and indeed government should be doing to ensure sustainability of not just our industry, but the entire economic system which is anchored on energy use. So, we feel an obligation to help figure out the way forward.

“It is important to recognise that we are in the early days of a transition, moving away from ‘dirty’ fuels to ‘cleaner’; fuels. Post-COVID-19, energy demand forecasts are still robust and would require significant capacity adds not just in fossils but in renewables.”

According to the SPE boss, the challenge is how to find and develop these resources in a safe, cost-effective and environmentally sustainable manner.