San Leon Energy Share Discussion Threads

[philby1] 20/9/2022 17:24

Malcy's comment today:

Things are continuing to look up for San Leon and the partners as oil is being sold now and will increase in due course. Also the oil is getting through without losses and inconvenience, it is quite amazing how much oil doesn’t find its way through to its final destination under old rules.

[plasybryn] 19/9/2022 17:29

Sanmi Famuyide, CEO of Decklar Resources, said "the new crude export arrangements, including the sale of the Oza crude oil in storage, sale of future production to a local refinery, and trucking crude oil from the Oza Oil Field to the Akwete tank farm for barging to an FSO, will allow Decklar to significantly increase deliveries of oil to markets through improved logistics and alternative export facilities. These new and existing export alternatives will allow Decklar to generate revenue in the near future as we look forward to the commencement of more efficient crude oil transport and exports from the Oza field."

[undertaker] 19/9/2022 16:38

update from Decklar today re Oza...

[glavey] 16/9/2022 09:03

Doctors....

[witheco] 15/9/2022 17:27

Patients....

[1kempton] 01/9/2022 18:32

All coming together nicely this and malcy is spot on shareholders going to do extremely well out of this investment.

[alaric7] 01/9/2022 17:31

and nor am i the least surprised by the delay to this most important part of the whole, which might end up not delaying the completion itself. as we see the directors are still confident of getting things wrapped by or during the final quarter. i don't know how many parties are involved in this syndicated facility but at least two - Afreximbank and Shell, as the offtaker and they are lending to the operator of OML18, Eroton, which in turn will be 98% owned by a newly constituted San Leon. aside from things like agreeing subordination between the syndicate members and step-in rights, we need to remember this is a complex and pretty significant piece of financing by AIM standards

[bernieboy] 01/9/2022 17:10

I have been here for the long run. Another month is no bother at all.

[porsche888] 01/9/2022 15:50

We just have to hang in. The macro and micro investment case is still compelling

[witheco] 01/9/2022 15:07

Patients lots and lots of patients

[philby1] 01/9/2022 15:00

Malcy says:

Having watched this transaction over many months I am not surprised that there are further delays, only to be expected in a deal of such complexity. San Leon is an investment that will repay many times over but patience here is a virtue, the company are on record to say that they will pay out a significant portion of income, that will indeed be very significant.

[alaric7] 01/9/2022 08:45

the rns reads very well indeed and shareholders should take comfort from it.
'...In order to acquire additional interests in OML 18 and take its economic interest to 45% of OML 18, Eroton proposes to enter into new senior secured reserve-based lending facilities totaling US$750 million (the "New Eroton Debt Facilities"), to be provided to Eroton by a lending consortium headed by Afreximbank. Whilst this process has advanced it remains a complex procedure with several interested parties and, as a result, additional time is needed to finalise the loan agreements and ancillary documentation. Consequently the condition relating to the New Eroton Debt Facilities, which had been due to be finalised by 31 August 2022, has now been extended to 30 September 2022 by agreement with Midwestern. Aside from the extension of timing, the structure of the New Eroton Debt Facilities remains in accordance with the description set out in the Admission Document.
The board of San Leon remains confident that the Proposed Transactions will complete by or during the final quarter of this year, as originally set out in the Admission Document.'

[rexmartel] 29/8/2022 13:48

Witheco - What has the NHS got to do with San Leon Energy?

[witheco] 26/8/2022 15:09

Patients lots and lots of patients.

[alaric7] 17/8/2022 21:49

cave idus Martias, glavius, or maybe even the ides of August

[glavey] 17/8/2022 07:12

Isn't it time this was suspended?

[undertaker] 16/8/2022 10:05

Witheco.... you in a hospital or something?!

[witheco] 15/8/2022 12:53

Patients lots and lots of patients.

[alaric7] 12/8/2022 09:53

porsche - i replied to your earlier newsflow point but if you're on a smartphone you need to go to read full thread to see it

[porsche888] 12/8/2022 09:35

I guess patience is the key here. My price assessment is circa 60-80 p over the next 18 months so there is plenty of upside from this price here on in

[porsche888] 11/8/2022 15:05

Some decent buying going on ..yippee