San Leon Energy Share Discussion Threads

[leopoldalcox] 03/4/2023 08:28

Update today quite interesting. Got an upgrade on ACOES, or however it is spelt. Should be complete H2

[porsche888] 01/4/2023 08:39

In the last 10 days this stock is up 33 percent

[glavey] 29/3/2023 09:48

What happened to the dividends?

[yohoho] 24/3/2023 23:46

Not my monkeys. Not my circus.

[alaric7] 24/3/2023 15:06

by any reasonable standard, yada, that’s an utterly lamentable response.

[yohoho] 24/3/2023 14:34

By diverting attention from the real issue here you again mislead people. Now go away and bother someone else.

[alaric7] 24/3/2023 13:59

that's as maybe yada but no response on my security points!!

[yohoho] 24/3/2023 13:51

You are so very wrong Alaric, but I really have nothing to prove to you.

[alaric7] 24/3/2023 13:42

'I know this company and it's management very well, better than you.'
well yada, i really doubt that. i know the company over time. i note you still haven't addressed my points about san leon's security for its loan to midwestern.

[alaric7] 24/3/2023 13:34

junkie, ignoring the usual personal stuff, you again fail to address my points about san leon's security on OML18 for its $100m+ loan. obviously this doesn’t suit the trolls' agendas but just because you choose to ignore it, doesn’t mean it goes away:-)

[yohoho] 24/3/2023 13:33

Let's just see shall we Alaric. If however you convince people to stay with this charade of a company be it on your conscience. I know this company and it's management very well, better than you. This will end badly.

[callasjunkie] 24/3/2023 13:18

Alaric,good luck in getting a brass farthing out of Midwestern. Like all the Eroton/SLE related players, they haven't a pot to p*ss in.
Like any clinically self-obsessed narcissist you are never going to admit to deliberately misleading investors.
Your fantasy that you never give advice is contradicted by your post of 10 Feb when you urged people to invest at 32p and then refused to disclose if you had followed your own advice.
I fully expect you to keep posting your fantasies, in Trump-ian fashion, as your condition will not allow otherwise.

[alaric7] 24/3/2023 12:33

yada, thanks for the (partial) response. you didn’t address my points about san leon's security for the $100m +they're owed by midwestern, which is a shame as that's pretty significant in the overall picture here. also the point you miss about san leon's debts is they're not being pressed to pay them, so far from the situation getting worse by the day, it appears to be being managed well and without stress. in your excitement to pick up any straw of potential bad news on san leon, you fail to acknowledge that nomads like auditors have to stick to very strict rules on reporting. i leave the question of our respective intelligence to others.

[yohoho] 24/3/2023 12:21

Try reading his earlier post!

[yohoho] 24/3/2023 11:23

"Pending completion of the refinancing, the Company has received only very limited cash inflows and as a result continues to take steps to manage its overheads. These cashflows are contributing towards the day to day running of the business but several creditors remain outstanding, predominantly related to the ongoing transactions with Midwestern and ELI, as described more fully below. The Company is maintaining a regular dialogue with these creditors and keeping them informed of the expected conclusion of the refinancing. The Company's creditors are not currently putting the Company under undue pressure and the board of directors (the "Board") is confident that all creditors will be settled following the conclusion of the proposed refinancing referenced above ."

Because they cant pay their debts; a position that worsens as each day passes. Alaric you can only be the company PR because you really can't be that thick, can you?

[alaric7] 24/3/2023 11:03

yada - why on earth do we need to be bailed out? as usual no reasons given by you for your madcap thinking. if we assume for a moment there is truth in the suggestion that we're financially stressed, all we would have to do is cruise to the end of march and not renew the waiver on the loan repayment. in your scenario, i guess, Midwestern then default. so we would then enforce the security on our loan (now over $100m with accrued interest). are you with me so far or do i need to slow down? the security is on OML18, which is a world class oil field and very soon selling oil through the FSO. now here's the tricky part (you need at least a d in o level finance to answer) - is that asset fundable? if you answer correctly you will quickly realise that san leon is not remotely stressed. as for the rest of your tripe about the company getting taken private, can't you think of anything new to say? not holding my breath for a reasoned response but heh pigs might fly?

[b2baby] 24/3/2023 10:52

I have just sold my holding. Can't believe that I have been stupid enough to hold on for this long. A triumph of hope over common sense. The repeated meaningless updates that repeatedly demonstrate that management has no clue about forecasting were a major red flag. Everyone should do their own research of course but based on the exceptionally poor quality of management I would suggest that it's wiser to get out now at, in my case, a 50% loss, rather than to lose the whole shooting match.

[witheco] 24/3/2023 09:53

Patients... Lots and lots of patients.

[yohoho] 24/3/2023 09:49

Let's see shall we. Either this gets bailed out by Tosca (again)and goes private or it is suspended (which this company has a long history of using to its advantage) and never comes back. Either way, you will be left high and dry. Only shorters will profit as they get bought in at the death.

[alaric7] 24/3/2023 09:36

agree WsM don't know what the fuss is about, unless people just want to make mischief? this is no different to what we know already and is clearly nomad driven. i was heartened to hear the positive deal update, so it's now absolutely clear that Sahara's shenanigans haven't worked and the Afreximbank facility of $750m is still there (otherwise the nomad would required a statement to that effect in today's rns). folk should remember that Sahara are financially stressed and NNPC are in a huge mess organisationally and politically. also we are owed massively more than we owe. people who think this deal should have been done quicker have clearly never worked on something of this magnitude or complexity. therein lies one of the problems of these boards - too many boys with too little experience, doing the bidding of their masters, the short funds.