San Leon Energy Share Discussion Threads

[alaric7] 14/3/2023 20:59

i'll tell you how it works, Witheco, you answer my questions and i'll answer yours. believe me when i say that won't be difficult for me but i won't hold my breath waiting for yours.

[alaric7] 14/3/2023 20:34

you should do,WsM, unbelievable value at these levels. don't believe the trollsh1te, they're just paid lackeys of short funds.

[witheco] 14/3/2023 16:13

When you meant to write "you are unlikely to get a better price than this if you want to buy in" - did you mean "you are v. likely... "? I agree it's hilarious!

[wsm812] 14/3/2023 14:56

I wish I had the confidence to invest more here....someone obviously has with that 300k purchase

[alaric7] 13/3/2023 20:41

meant to write asinine but it came out as assine, which somehow seems more appropriate,hilarious!

[alaric7] 13/3/2023 18:31

'Facts don't matter' probably the most assine comment i've read on a bulletin board on any stock ever, Witheco, and believe me i've seen some crass ones. you may need to watch yourself as your braying like a donkey now.

[witheco] 13/3/2023 16:12

How's the kick in the face going today?

[alaric7] 13/3/2023 15:58

yada, you clearly haven't come across the old legal maxim possession is nine tenths of the law. nor by the sound of it have you heard of injunction proceedings. if i were you i would lay off giving amateur views on how legal proceedings work. anyway if NNPC or Sahara want to kick Eroton out, they'll need a court order and as you said yourself these things drag on for years getting nowhere and costing mucho dinero. hilarious og . some people know a lot more about the situation - i don’t think so numpty

[yohoho] 13/3/2023 15:15

Yada yada... Such breaches can take years to resolve as they drag through the courts during which no money changes hands. curtains.

[alaric7] 13/3/2023 14:37

a few more facts from today's rns. i assume they will be nigh on impossible for trolls to digest, since they have a fact allergy. so we don’t need to worry about them or the effluent that they smear on this board.

In its press release, Eroton has emphasised that it remains the operator of OML 18 in line with the provisions of the Joint Operating Agreement governing OML 18 ("JOA") and has made the following points:

1. The purported attempt by the non-operators of OML-18; NNPC Limited ("NNPC") and Sahara Field Production Limited ("Sahara") (now known as OML 18 Energy Resource Limited) to appoint NNPC Eighteen Operating Limited as operator of OML 18 is a breach of the JOA as any dispute whatsoever between the parties must be addressed by the dispute resolution provisions of the JOA. There can be no removal of an operator without following these procedures and the process is designed in such a way that notice requirements cannot be waived, and the removal of an operatorship can therefore not be carried out, without following the process provided in the JOA.

2. Eroton further states that the allegations of improper actions by it are baseless and unfounded and categorically denies any fraudulent acts as stated in the in certain press reports

[witheco] 13/3/2023 14:06

Facts don't matter when your trading in the right direction. Facts or more accurately kernels of dicey information sewn together to weave a fabricated illusion become important as your losses mount and you pretend to talk yourself out of the harsh realities which keep kicking you in the face.

[yohoho] 13/3/2023 13:31

Touchy alaric7. Remember, some people may well know a lot more than you about the situation.

[alaric7] 13/3/2023 12:56

pathetic yoho. you guys never respond on the facts presented so i guess it makes you feel better to spew your rotten guts out here with worthless drivel?

[yohoho] 13/3/2023 10:30

Smoke. fire.

[witheco] 13/3/2023 09:08

Does the red eye come from wearing rosy tinted glasses?

[witheco] 13/3/2023 09:03

Patients... Lots and lots of patients.

[alaric7] 13/3/2023 08:04

hxxps://guardian.ng/news/eroton-affirms-operatorship-of-oml-18/

[alaric7] 11/3/2023 22:41

this was my reply:
'i just wanted to say, redeyemines, that is one excellent post. it gives the lie to the fake news articles appearing in the nigerian media. i suppose another point is that, if there were any truth in the suggestion that NNPC were taking control of OML18 because of its poor production, that would be the political equivalent of an own goal. San Leon has openly acknowledged this poor performance, which has of course nothing to do with any shortcomings of the field or the way it is operated by Eroton but entirely down to the pipeline. and we all know whose responsibility that is! if i were offering san leon advice, i might suggest they consider proceeding against NNPC. so looking forward to reading junkie's detailed response to your post but won't hold my breath. as i commented earlier, he doesn't usually engage in factually based discussion.

[alaric7] 11/3/2023 22:08

insightful post on the other place by redeyemines:
'people have been talking about the monies owed to Eroton from Notore forhave been talking about the monies owed to Eroton from Notore for quite a while now.-----and as you have obviously been keeping tabs on this, how much money do you think is outstanding ?.--As far as I can see, it doesn't add up to more than a few $mill, probably less than $10 mill.
-
---On the other slide of this coin, we have the notoriously late payer NNPC, who at times, have owed 100's of $mills----so
-
----------At this time, how much does NNPC owe to Eroton ?
-
---Also with the lack of production , I would guess that Sahara have not kept up with their Cash Calls----so
-
-----------At this time, how much does Sahara owe to Eroton ?
-
----My guess is that the debt owed to Eroton, by these two, greatly exceeds the amount outstanding from Notore, and you have to question how they can cite this debt as a reason for trying to displace the Operator, when they themselves owe many times that amount.--This whole episode sounds like an attempted "land grab" just as all the hard work has been done and production (via the Eli/Acos ), is about to rocket.--Despite what has been printed in the local press, this whole action surely has no merit at all, and must be thrown out. quite a while now.-----and as they have obviously been keeping tabs on this, how much money do they think is outstanding ?.--As far as I can see, it doesn't add up to more than a few $mill, probably less than $10 mill.
-
---On the other slide of this coin, we have the notoriously late payer NNPC, who at times, have owed 100's of $mills----so
-
----------At this time, how much does NNPC owe to Eroton ?
-
---Also with the lack of production , I would guess that Sahara have not kept up with their Cash Calls----so
-
-----------At this time, how much does Sahara owe to Eroton ?
-
----My guess is that the debt owed to Eroton, by these two, greatly exceeds the amount outstanding from Notore, and you have to question how they can cite this debt as a reason for trying to displace the Operator, when they themselves owe many times that amount.--This whole episode sounds like an attempted "land grab" just as all the hard work has been done and production (via the Eli/Acos ), is about to rocket.--Despite what has been printed in the local press.'

[tygwyg] 09/3/2023 16:08

"The Company has been made aware of a statement on the Nigerian Petroleum Development Company Ltd ("NNPC") website".When this was released it was not on the website... it was an NNPC tweet... It subsequently appeared on the NNPC website.???

[alaric7] 08/3/2023 08:21

'San Leon unsurprisingly also could be in denial about what is actually going on down in Nigeria'
oh really where did you dream that little vignette up from? maybe you read it in a nigerian newspaper or your mate junkie told you? you haven't discovered yet that both these sources are equally unreliable and one of them suffers from dimwittedness - you guess which. the problem of credibility all you guys have in common is that when these 'stories' turn out to be completely false, as they always do, you never so much as utter a word by way of apology to the board but blithely go your ways as if you'd never said anything. anyone with half a wit here is not fooled by your silly games. viva Sun Trust :-)

[red rook] 07/3/2023 11:36

... and sent to the nearest psychiatric hospital