San Leon Energy Share Discussion Threads

[red5] 27/6/2022 20:50

alaric have you got money in san leon

[red5] 27/6/2022 20:49

dont bother mate Cairn enegry, Info bank, Batm, world pay slyvania platinum just sayin. multi bagger plays.

[alaric7] 26/6/2022 20:46

heh red5 thought you were a big shot investor with 40 years experience managing your £2m pension fund! hilarious you don't have a clue do you? not sure you should really be messing around with AIM stocks

[frus1] 26/6/2022 16:00

Nibbles I'd say your pretty close there but just add another 11 years of the same or similar misery SLE shareholders have endured. Do some research and you'l see what I mean.

[frus1] 26/6/2022 16:00

Nibbles I'd say your pretty close there but just add another 11 years of the same or similar misery SLE shareholders have endured. Do some research and you'l see what I mean.

[red5] 26/6/2022 14:10

so on paper what are they worth when suspended a year ago and what realistically are we looking at now?

[alaric7] 26/6/2022 11:28

an informed poster on this board called carcosa put this interpretation of r.41 of the AIM regulations up earlier: ' If, as is the case with SLE, all the serious stuff has been complied with then the shares can remain listed for up to (usually) six month and a waiver is provided by AIM for the shares to remain listed albeit suspended. It is not in the interests of AIM to kick companies off the market so provided they can be convinced that meaningful progress is being made by SLE then they will remain listed with a waiver being granted. However, once a year has passed that waiver becomes harder to obtain.' i suspect there is a bit of cat and mouse going on here with AIM, as there are other exchanges where $1bn + market cap companies can go.

[pastyman3851] 26/6/2022 09:12

https://guardian.ng/news/nosdra-confirms-crude-oil-spill-at-erotos-oml-18-in-bayelsa/

[1kempton] 26/6/2022 08:53

Some posters getting the jitters with made up daft posts, management want this to happen with the rto as they see massive earning potential, yes it takes time as it is a huge undertaking of legality, money to facilitate this deal and of course as we know time!!..

[alaric7] 26/6/2022 08:16

and btw nibbles no money has 'disappeared'. wtf did you drag that up from ?

[alaric7] 26/6/2022 07:44

you ask what has the company done last year? what about trying to get a transformational rto completed. or completing investment in the OZA field. or negotiating further investment in ELI and the new pipeline/FSO venture( which is of course key to the future success of OML18)

[alaric7] 26/6/2022 07:35

snibbles,i go to the bother of putting you straight on a complex story you didn’t understand and then you come out with this malarkey? it is perfectly clear that after a year they're now getting a hard time from AIM. it's equally clear they're very close now to closing on a huge deal in which the remaining moving components are out of their direct control. the key in these big deals is usually the money. we're told they're now moving to drafting the loan facility docs. so let's say conservatively that's 5 sets of lawyers involved representing the interested parties. commitments like that tend to happen when all the commercials are agreed. the underlying business case for getting the deal done here remains strong and as i say it sounds like the Eroton $750m facility is all done bar the shouting. nibbles where on earth seriously do you get 'equity fraud' from? you imagine that after a hugely successful career our largest shareholder Martin Hughes of Tosca ( they have 72% of San Leon today) is going to get caught up in something like that? sheesh...

[nibbles1967] 25/6/2022 22:34

Red5 - me too, comrade, on both points

[skez13] 25/6/2022 18:16

whatever happened to chart trader?

[red5] 25/6/2022 16:14

The only reason i went it it was because of simon thompson ic article a way back.

[red5] 25/6/2022 16:13

Nibbles i have a bad feeling about it but i hope you are wrong.

[nibbles1967] 25/6/2022 14:16

Or maybe this is the slowest and most public equities fraud in the history of the world and we've all done our money and watched it slowly disappear over a year

Has the company actually done anything at all in the last year ?

[alaric7] 24/6/2022 19:40

i see this board is getting infested by a group of charttrader's old cronies. they would be well advised to watch out. after all he didn’t do so well did he? hilarious if i may say so.

[frus1] 24/6/2022 18:03

San Leon Energy History is a farce