San Leon Energy Share Discussion Threads

[wsm812] 21/5/2024 16:03

Is that an amazing co-incidence? New RNS released at 15:56

[wsm812] 21/5/2024 15:49

The problem is a lack of facts Infra15, we have been fed positive news, RNS', interviews with OF and still none the wiser. deadlines have come and gone, so we wait.....

[infra15] 21/5/2024 15:37

New on here, but have been following the SLE/ELI/ACOES project with interest for the last 5 years. I see the Winding Up Petition is tomorrow in London, is the Pipeline Contractor also taking them to court. What is the real news with TRAM, were the funds sent, seized or just backed out at the last minute.

[alaric7] 19/5/2024 21:09

you seem to have disappeared from the
lse board for some reason Junkie. i suspect the reason might be the same as chartrade's sudden disappearance last year. the more you poat the more i'm convinced you need to seek help and soon.

[white swan] 17/5/2024 17:10

Correction - DLR should be read as SLE.

[white swan] 17/5/2024 17:07

Decklar has been a bit of a mystery for some time now since the Canadian who set it up in Nigeria left the project - one has to ask the question why did Fanning decide to become involved - he claimed he wouldn't put money into the project until he was assured of all Millennium local bank guarantees had been given I never did read that they had but nevertheless DLR went ahead with the investment,- makes one wonder what happened with the money ??

[callasjunkie] 16/5/2024 19:17

Decklar in serious trouble..of course not worthy of an RNS.

hxxps://www.decklarresources.com/news/second-revised-announcement-regarding-application-for-management-cease-trade-order

[yohoho] 16/5/2024 07:16

Tick tock. Hearing next week.

[callasjunkie] 06/5/2024 23:58

Seems Alaric's hero is in a further spot of bother.

hxxps://pointblanknews.com/pbn/exclusive/corruption-coalition-charges-igp-to-investigate-prosecute-okoloko/

[callasjunkie] 01/5/2024 16:06

It's going to be a busy week...pipeline contractor has 5th hearing in suing Eli in Malta on 24th.

[elpirata] 23/4/2024 09:31

High Court hearing 22 May

[callasjunkie] 22/4/2024 23:49

Sorry, shouldn't have said paid...as SLE haven't a brass farthing, they're one one of the many creditors.

[callasjunkie] 22/4/2024 23:43

Witheco, there are people who actually believe in in the resurrection of dead parrots. And there are people who are paid to promote the resurrection dead parrots.

[witheco] 22/4/2024 22:17

I know a dead parrot when I see it.

[callasjunkie] 18/4/2024 16:36

I know panic when I see it.

[alaric7] 17/4/2024 11:42

usual bunkum from Junkie who can't have read the rns properly. does he imagine for a moment that ELI'senior lenders are going to consent to this :-)

[callasjunkie] 11/4/2024 15:44

Ocean Pearl are being advised by one of the top firms of lawyers worldwide. I assume Ocean knows what it's doing and seems to be a vote of no confidence in funding coming about.

[wsm812] 11/4/2024 12:21

Sounds costly either way!

[plasybryn] 11/4/2024 12:07

RNS:
11 April 2024

San Leon Energy plc

Response to press speculation

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the comments in today's Irish press about a petition by Ocean Pearl Maritime SA ("Ocean Pearl") to wind up one of its subsidiaries, San Leon ELI Limited.



On 10 October 2023, San Leon announced amongst other matters its proposal to acquire a further 13.5 per cent. of Energy Link Infrastructure (Malta) Limited's ("ELI") existing shares from Ocean Pearl for US$12 million. This proposal was part of wider series of investments in ELI which, when completed, will make San Leon the majority shareholder in ELI. Furthermore, this proposal had been successfully negotiated down from the indicative price of US$15 million as set out in the Company's admission document published in July 2022.



It is self-evident that the acquisition from Ocean Pearl was conditional on completion of San Leon's refinancing. Furthermore, as all shares in ELI are pledged to ELI's senior lender, completion of any transfer of shares requires the consent of the lender. The agreement with Ocean Pearl requires the parties to work together to secure that consent. However, to date, Ocean Pearl has made no offer or representations in this regard. Instead, Ocean Pearl has lodged a petition for the winding up of San Leon ELI Limited, which is the member of the San Leon group that contracted with Ocean Pearl.



San Leon considers the petition to be both aggressive and vexatious in nature. The directors of the Company believe that it will have no bearing on the speed at which funding can be put in place and is arguably detrimental to Ocean Pearl's own interests if prospective funding partners object to Ocean Pearl's approach. San Leon has strongly advised Ocean Pearl to withdraw its petition and instead work constructively with the Company towards an expedient completion of the acquisition of its 13.5 per cent interest in ELI. If Ocean Pearl does not withdraw its winding up petition, then San Leon has retained legal advisers to robustly defend and overturn the petition.

[outsizeclothes.com] 29/3/2024 13:31

Just an update on Decklar. But the lights haven't been switched off - yet!!!!!!

[undertaker] 25/3/2024 01:35

hopefully news by end of this week!

[pastyman3851] 20/3/2024 09:21

https://uk.movies.yahoo.com/movies/shell-sells-nigeria-oil-fields-110356974.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAFz_STlPElc2vj0AwV8xeRi9C7ZIqPGRV-JL4wCe5vk0mwk8PyhwAYPhA32atykuE-OIJAQCEGCB_bLOtTEyDt2ySIswlGg-bEVak9L1Go6__4l10864nJm6kgMh3FRNpFCDMktMtSu2wBCtYUpaw_NUppCMxFt-nSHOKiGHYqQQ

[kaos3] 11/3/2024 14:20

Why would tosca not help.being largest investor? And invest relative small summ to bring it over the finish line? After committing large.funds and patience before.

Why go fishing elsewhere and hinting it could not happen for sure.

It makes.no sense to me....

It does if.i start thinking in a legal.appropriate but less ethical terms...

All built - just before the wall of.cash starts we get hints - it is not 100 % sure we will bring it over the finish line.

Qui bono?

[plasybryn] 11/3/2024 12:10

I'm excited by what has been communicated today. Ok not going to be fully sorted till end of June/July, but at least there is light at the end of the tunnel and it looks like we should pull this off. Surely the Creditors will allow till end of March. Madness to take action when the release of funds is now so close. Or do we think this is expectation is being naive? We will see. I'm glass half full.

[yohoho] 11/3/2024 09:35

Lights off. Good night.