San Leon Energy Forum

Hedging after costs $91.50. 2 months left this year at 215k barrels and 12 months at 236k. I'll leave u to do the maths

But militant groups from the region expressed dissatisfaction over the weekend, in the outcome of the peace meeting and said they had little or no hope about Buhari meeting demands put forward by region's leaders. The Niger Delta Greenland Justice Mandate, one of the various militant groups that have sprung up in the delta, earlier on Saturday disassociated itself from the peace meeting and threatened to launch further attacks on oil installations that would bring Nigerian production to 500,000 b/d. The group in a statement claimed responsibility for the November 2 bombing of the Trans-Forcados pipeline, which transports the popular export grade Forcados. "The destruction of the Trans-Forcados Pipeline is just a warning. That shadow operation that brought the [pipeline] down was only meant to let these companies know that we aren't kidding with them," the militant group said. The self-styled Niger Delta Avengers, or NDA -- the group responsible for most of the attacks on oil facilities that slashed Nigeria's output to nearly 30-years low -- said Sunday they had added further demands to the 16-point demands submitted by the leaders, including immediate take off of a Maritime University in the Niger Delta, the immediate withdrawal of troops in the region and involvement of international negotiators in the peace negotiations. "Let Buhari be advised to come down [to the Niger Delta region] ... to set the federal government dialogue and negotiations team with neutral international observers and representatives of International Oil Companies," the NDA said. The upsurge in militancy in the delta region since the beginning of this year, cut Nigeria's oil production by over 700,000 b/d and at a point, left four Nigerian crude export grades -- Qua Iboe, Bonny Light, Brass River and Forcados -- under force majeure.

Mart Resources, Delta Oil terminate business agreement 22 December 2015, Lagos – Barely three months after Toronto- listed Mart Resources failed to convince Midwestern Oil and Gas Limited to buy it over, a second potential buyer, Delta Oil has also pulled out of the acquisition talks. Mart Resources has announced that that, due to prevailing market and industry conditions, Mart and Delta Oil Nigeria BV have mutually agreed to terminate the arrangement agreement dated October 16, 2015.

Eroton continues to accrue cash from OML 18 operations into the Debt Service Reserves Account ("DSRA") attached to the existing Reserves Based Lending ("RBL") facility. Cash flow to San Leon will begin once sufficient funds have accrued in that account, whereupon the Company will initiate its policy of returning 50% of Nigerian free cash flow to shareholders. The Company is well-advanced in reviewing the steps required to effect a capital reorganization which is required to allow such distributions. From the interims.

that was a guarantee to TOSCA before SLE bought the loan notes from them, MART is history.

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The big question why if OML is a world class prospect and throwing off huge amounts of cash, why did Erotron find it necessary to take out another loan ?

The 'Niger Delta Avengers' have a message for Big Oil "When we warn that there should be no repairs pending negotiation/dialogue with the people of the Niger Delta, it means there should be no repairs," says the militant group. Militants operating in Nigeria's southern delta region appear to be sending Big Oil a message with a string of renewed attacks on the nation's energy infrastructure: Let sleeping dogs lie, or pay the price. The Nigerian National Petroleum Corp. said Wednesday that militants bombed the country's second-largest pipeline system just two days after it resumed operations following an attack in July. CNBC

.The 'Niger Delta Avengers' have a message for Big Oil "When we warn that there should be no repairs pending negotiation/dialogue with the people of the Niger Delta, it means there should be no repairs," says the militant group. Militants operating in Nigeria's southern delta region appear to be sending Big Oil a message with a string of renewed attacks on the nation's energy infrastructure: Let sleeping dogs lie, or pay the price. The Nigerian National Petroleum Corp. said Wednesday that militants bombed the country's second-largest pipeline system just two days after it resumed operations following an attack in July. CNBC

Hi everyone