San Leon Energy Live Discussion

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Eadwig 21 Mar 2019

Back to Half Way Up The Stairs Do you know, TP, I’ve been looking back at some old threads and the way Alaric has attacked disappointed investors and every single one of them has been shown to be right to date and for all Alaric’s scorn and self-puffedness he’s been wrong. I thought I’d include this graph for the neutrals who should consider Alaric, the only long-term investor in SLE who is actually declaring himself in profit. No one else is and certainly not the institutions. Oh, there is one other. Osin Fanning. He must be justifying his 2 million a year based on Alaric’s profits. WARNING: Being dishonest with yourself AND taking on risky companies like this is going to lead to ruin. Don’t do it. image.png1149x618 51.4 KB

theprior 21 Mar 2019

Back to Half Way Up The Stairs Ok, guys, time to stop bickering. We all want the same thing, that’s a successful company making squillions for its shareholders. Positive news and actions are beginning to flow and if it continues we may, at last make some of our losses back and maybe a little profit. Good luck, TP

Eadwig 21 Mar 2019

Back to Half Way Up The Stairs Alaric: you know Eadwig, you are one very troubled guy. Why don’t you go back to your lse board that is so much better and tell them all how you’re in profit after years of involvement and see how many ‘troubled’ people there are on there?

Alaric 20 Mar 2019

Back to Half Way Up The Stairs you know Eadwig, you are one very troubled guy. but that’s your problem and don’t for one moment imagine i give a monkey’s. for the sake of this board though, perhaps try not to let your bitterness and envy be so obviously exposed. it’s indecent.

linksdean 20 Mar 2019

Could be interesting! Energy News | Oil and Gas News – 20 Mar 19 Nigeria to sell stakes in joint ventures with oil firms to boost revenue - Udo... Nigeria plans to cut its stake in joint oil ventures with multinational oil companies to 40% this year, its budget minister said, as the country seeks to boost revenue to grow an economy recovering from recession. Oil companies including Royal Dutch...

theprior 20 Mar 2019

Back to Half Way Up The Stairs I’ve bought a few when it was in the 30s and I’m rendering those for a bankable profit. But as I’ve said before I’m hanging here so it’s a WIN, win for me ( I hope) Luck all, whatever you policy on this one. TP

Eadwig 20 Mar 2019

Back to Half Way Up The Stairs Alaric: So sorry to disappoint the losers round here, but as it happens I’m nicely in profit again. I would normally consider discussing the value of my holding as the height of poor taste, Eadwig, but you brought the subject up by misreprenting my position. My decision not to tender is predicated on all the valid reasons I carefully set out in my previous post here. My aim is to consider exiting what will by then have been a very good investment for me, well north of £1. Well you dream all you like. We have a rule on this site, you don’t brag about being in profit unless you posted up your purchases live. Its very simple, especially as you have been calling yourself a share holder after a disastrous share price drop followed by a 100:1 REVERSE SPLIT. Anyone who thinks you have since averaged down and are standing in profit with a share price under the last placement price should think again. Alaric can believe what he wants, but everyone else can judge his words with simple common sense.

Alaric 20 Mar 2019

Buy-back Interesting post from PCO1 on lse board this morning. He is in my estimation one of the more considered and sound posters on San Leon. ‘For those fortunate to invest in this company in the low to mid 20s…results due out 7am friday…my forecasts - No Tosca or any strategic investor tender, leaving 80% or so of the outstanding float in safe hands. Majority of private investors are long from above 45p (this is also guesswork but just doesn’t seem to me to have been the volume in the 20s) and therefore they will not tender in the hope of further corporate actions I have tempered back my 50% to 30% that I am tendering - Greed is good? If I am right in the above, I expect to see the quote open 50p bid on Friday morning as the company seeks to clarify what it plans to do given failure to buy the full amount they have budgeted for at 46p. Good luck to all. A new chapter can then start.’

Alaric 20 Mar 2019

Back to Half Way Up The Stairs So sorry to disappoint the losers round here, but as it happens I’m nicely in profit again. I would normally consider discussing the value of my holding as the height of poor taste, Eadwig, but you brought the subject up by misreprenting my position. My decision not to tender is predicated on all the valid reasons I carefully set out in my previous post here. My aim is to consider exiting what will by then have been a very good investment for me, well north of £1.

Eadwig 20 Mar 2019

Buy-back theprior: All normal so far, no trades executed but no probs logging in Thanks, was on phone to ii tech when you sent this message so was able to tell them that ‘my friend from Italy’ isn’t having issues, nor people from UK, Netherlands and Thailand that I’ve checked with. They do seem to be trying but can’t pin down the problem. Very frustrating. My friend in the Uk can log into my account with no problems at all - as has happened 4 or 5 times over the last 12 months or so. Just what you don’t need with potential volatility just around the corner as the Brexit date draws near.

Eadwig 20 Mar 2019

Back to Half Way Up The Stairs Alaric: Well cometh the hour I’m not tendering, why would I? I wouldn’t expect you, or any other holder, to take a loss at this point.

theprior 20 Mar 2019

Buy-back All normal so far, no trades executed but no probs logging in TP

Alaric 20 Mar 2019

Back to Half Way Up The Stairs Well cometh the hour I’m not tendering, why would I? Tosca won’t be, nor will Midwestern, Capital are now gone, our cash mountain gets bigger by the day and the story just gets better. Oh and if you think you’ll be able to get back in in any volume at a lower price after, good luck with that. My guess is we’ll get a positive news update soon after, re new well flows, new pipeline progress, production and targets. Possibly even divi aims and/or further tender opportunities at higher price. It is clear (to me at least) that Toscafund want to get the SP up. After all this time, this is most definitely not the moment to be exiting.

Alaric 20 Mar 2019

Buy-back ‘it might be that when they offer to buy your shares, that’s a very good sign that you should not sell them’ - I should say so SH, particularly now with all the fundamentals here looking so healthy. Tosca want the SP up and doesn’t look like they’re selling, so why would we want to do any different?

linksdean 20 Mar 2019

Could be interesting! allAfrica.com – 20 Mar 19 Nigeria: NNPC Optimistic of Meeting 2019 Oil Production Target - Baru The Nigerian National Petroleum Corporation (NNPC) has expressed confidence that it would meet the target of 2.3 million barrels of oil per day (MBOPD) benchmark used in the 2019 Mid Term Expenditure Framework (MTEF).

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