San Leon Energy Live Discussion

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linksdean 15 Nov 2018

Could be interesting! app2.msci.com MSCI_Nov18_MicroPublicList.pdf 21.41 KB MSCI UNITED KINGDOM INDEX Additions Deletions ALLIED MINDS CARETECH HOLDINGS CAKE BOX HOLDINGS DIVERSIFIED GAS & OIL CHAARAT GOLD HOLDINGS DRAPER ESPRIT CLIPPER LOGISTICS FUTURE CODEMASTERS GROUP HLDGS GOOCH & HOUSEGO DEBENHAMS GROUND RENTS INCOME FND DEVRO GYM GROUP ECO ANIMAL HEALTH GROUP HARDY OIL & GAS FRANCHISE BRANDS HARWORTH GROUP GRESHAM HOUSE HUNTSWORTH HOSTELWORLD GROUP HYDRODEC GROUP IMPELLAM GROUP IG DESIGN GROUP JADESTONE ENERGY JOHNSTON PRESS KNIGHTS GROUP HOLDINGS MEARS GROUP NUCLEUS FINANCIAL GROUP MYSALE GROUP RA INTERNATIONAL GROUP NEXT FIFTEEN COMMU ROSENBLATT GROUP REAL GOOD FOOD SAN LEON ENERGY SDL SENSYNE HEALTH TARGET HEALTHCARE REIT SIMPLYBIZ GROUP (THE) TLA WORLDWIDE TEAM17 GROUP VP TEKMAR GROUP THEWORKS.CO.UK TIME OUT GROUP TRIPLE POINT SOCIAL HSG VOLUTION GROUP XPEDIATOR XPS PENSIONS GROUP YELLOW CAKE ZOO DIGITAL GROUP

linksdean 14 Nov 2018

Could be interesting! San Leon get included in msci global microcap index on 30th Nov 2018… Should create a lot of buying at month end as funds will be obliged to hold sle stock…we will see!!

LifeInPlastic 13 Nov 2018

Not many working days left in October “As each day goes by the story gets more solid” and yet the share price stays at about 26p despite the 9 mile long stream of great news posted by certain people. Perhaps one reason is because the company disclosures are not as complete, reassuring or convincing as they could/should be?

linksdean 09 Nov 2018

Could be interesting! Energy News | Oil and Gas News – 8 Nov 18 IMF expects Nigeria growth of 1.9% due to fewer disruptions in oil production The International Monetary Fund (IMF), says Nigeria is expected to grow by 1.9 per cent in 2018, up from 0.8 per cent in 2017, mostly owing to fewer disruptions in oil production. Mr Amine Mati, the IMF Senior Resident Representative for Nigeria,...

linksdean 07 Nov 2018

Could be interesting! Cash call continues for jv’s [link] A further breakdown of the figures showed that out of the export receipts, $142.31 million was remitted to the Federation Account, while $307.93 million was remitted to fund the JV cost recovery for the month of August, 2018 to guarantee current and future production.

Alaric 07 Nov 2018

Not many working days left in October absolutely correct linksdean. of course SLE are not paying for a loan for MLPL to pay the quarterlies! i know you guys find this unpleasant but i will not tolerate posters peddling unntruths, so if that’s what you mean by ‘attack’, you can expext to see more of the same from me. on which subject your assertion that this is a money laundering business is libellous, unless you can substantiate. i won’t hold my breath.

linksdean 07 Nov 2018

Not many working days left in October It’s only the truth tp trouble is some are trying to make out sle are paying for their own loan which sle are not, sle could not do this buy back if they had the sort of figures lip and others are trying to suggest and those doing the suggesting on ad like the devious French ie charttrader2000 etc are non holders in sle , then you if you still hold have to ask yourself why post in this misleading fashion if you do not hold!!. As for the cash it has to happen at some stage, but with the loan payments sle are guaranteed 18m each quarter more than sou.

theprior 06 Nov 2018

Not many working days left in October Don’t let them get you down LiP. Their only defence is attack. Trying to make you look small and failing miserably. If this is such a stonking great company why is the sp still stagnant in the mid/high 20s? Even Tosca must be way, way underwater. It’s just a money laundering business with no actual revenue from its oil producing partner’s efforts! TP

Alaric 06 Nov 2018

Not many working days left in October …meant to add, as you so recently pointed out LiP, the clock is ticking so don’t leave it too late. tick tock tick tock…

Alaric 06 Nov 2018

Not many working days left in October trouble is LiP, you’re not asking questions - you’re trying to stir dirt where there is none to stir. as each day goes by now, the San Leon story just gets more solid as a really exciting investment proposition at these levels. the days when posters could just slag SLE without fear of challenge are long gone, so the new reality may be indigestible to you but that’s how it’s going to be from now on . best get used to it and enjoy the ride.

LifeInPlastic 05 Nov 2018

Not many working days left in October Yes. How dare anyone ask a question on this noticeboard…

linksdean 05 Nov 2018

Not many working days left in October Ask sle yourself then simple as that really if you hold that is! Sle are not paying for their own loan if that was the case tosca would not be very happy and any buy backs or dividends would not go ahead… But they are which means just one thing… But as I say call sle find out yourself.

LifeInPlastic 05 Nov 2018

Not many working days left in October You know that the loan MLPL had to take in order to pay SLE was definitely from Eroton and or Martwestern? Has this been confirmed or are you assuming it is based on that general disclosure about undertakings? If it is from them, do we know for sure there were no arrangement fees or chunky interest payable?

linksdean 05 Nov 2018

Not many working days left in October lif looks like you need help here concerning the mlpl loan which is all eroton/martwesterns not san leons as sle have a non controlling interest in mlpl… the details below state this…plus if sle had borrowings the buy back could not go ahead as sle need vilch borrowings or loans to satisify the conditions required for this… [link] (v) During the year the Company acquired a 40% non-controlling interest in Midwestern Leon Petroleum Limited as part of the OML 18 Production Arrangement transaction. Full details of the OML 18 Production Arrangement are set out in Note 17(i). In the first instance payment of principal and interest due under the Loan Notes is dependent on Eroton making dividend payments to Martwestern which in turn makes dividend payments to MLPL. MLPL will use the receipt of dividends to make Loan Note repayments to SLE The Loan Notes have been secured with undertakings by both Eroton and Martwestern, including not to take any action within their control which would result in default by MLPL, and to act honestly and in good faith. In addition, to the extent practicable and subject to law, use commercially reasonable efforts to declare dividends in order that MLPL can satisfy its obligations under the Loan Note instrument. The shares held by MLPL in Martwestern have also been pledged as security to the obligations under the Loan Notes. During 2016 San Leon Energy Nigeria BV pledged security over its assets to Toscafund. At that time Toscafund was the holder of Loan Notes. This security is now held by SLE. Midwestern and Mart Resources Limited jointly and severally guaranteed the payment of the Loan Notes following a default and to make immediate payment and performance of all obligations to holders of the Loan Note. Midwestern is an independent exploration and production company based in Nigeria and Martwestern is the owner of a 50 per cent. shareholding and an initial 90 per cent. economic interest in Eroton

linksdean 05 Nov 2018

Could be interesting! looks like eroton are producing gas for export as well as for the nortote plant… SweetCrudeReports – 5 Nov 18 NNPC subsidiary, PPMC sells 2.18bn litres of petroleum products NNPC subsidiary,... 04 November 2018, Sweetcrude, Abuja -- The Nigerian National Petroleum Corporation. NNPC Sunday, said its subsidiary, the Petroleum Products Marketing Company (PPMC) distributed and sold 2.18 billion litres of white petroleum products in July 2018,... He said, “The report indicated that for the period, July 2017 to July 2018, a total of 3.084 trillion cubic feet (TCF) of gas was produced, representing an average daily production of 7,834.62 mmscfd, while the daily average natural gas supply to gas power plants stood at 744.86 mmscfd, equivalent to power generation of 2,898 megawatts (MW).” Ughamadu explained that period to date production from Joint Ventures (JV), Production Sharing Contracts (PSC) and Nigerian Petroleum Development Company (NPDC), contributed about 69.38 percent, 21.69 percent, and 8.93 percent respectively to the total national gas production He said, “A further breakdown of the numbers showed that out of the total volume of gas supplied in July 2018, 127.19 billion cubic feet (BCF) of gas was commercialized, comprising 35.55 BCF and 91.65 BCF for the domestic and export market respectively. “This translates to a total supply of 1,184.81 mmscfd of gas to the domestic market and 3,055.00 mmscfd of gas supplied to the export market for the month, implying that 55.98 percent of the average daily gas produced was commercialized, while the balance of 44.02 percent was re-injected, used as upstream fuel gas or flared.”

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