San Leon Energy Live Discussion

linksdean 03 Feb 2020

Could be interesting! Energy News | Oil and Gas News – 3 Feb 20 Nigerian gas reserves on the rise, development growing – DPR Nigeria’s Natural Gas reserves has been on the incline from 2013 and is projected to continue to grow at a conservative rate of about 1.0%, the country’s Department of Petroleum Resources (DPR) has reported. In 2018, gas development picked up to six...

linksdean 02 Feb 2020

Could be interesting! Wow!! Hamodia – 2 Feb 20 China to Inject $174B of Liquidity on Monday as Markets Reopen | Hamodia.com China's central bank said it will inject 1.2 trillion yuan ($174 billion) worth of liquidity into the markets via reverse repo operations on Monday as its

linksdean 01 Feb 2020

Could be interesting! [link]

Ripley94 30 Jan 2020

Buy-back SLE… XXXXX Dual listed might be affected if no deal brexit negotiations .

linksdean 30 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 30 Jan 20 OPEC mulls moving March 5 meeting forward due to coronavirus impact OPEC is in discussions to bring forward its scheduled March 5-6 meeting as the oil market continues to be buffeted by the impacts of the coronavirus outbreak. Algerian energy minister Mohamed Arkab said Wednesday a decision would be made “in the...

linksdean 30 Jan 2020

Could be interesting! Link: [link] Amid NCTL chaos, OML 18 progresses alternative export route by Ed Reed 30/01/2020, 9:12 am San Leon Energy expects its new export route in Nigeria to be commissioned in May, following a week where force majeure was declared on its current shared pipeline. The alternative crude oil evacuation and storage system (ACOES) will allow oil from OML 18 to be carried to the sea, where it will be loaded on to a dedicated floating storage and offloading (FSO) vessel, ELI Akaso. The licence currently exports via the Aiteo Group’s Nembe Creek Trunk Line (NCTL). Force majeure was declared on the link on January 20 by Shell Petroleum Development Co. (SPDC), in line with statements from Aiteo. “The operation of ACOES is expected to be a major catalyst for the success of OML 18. We have long described the challenges to pipeline losses and downtime on the existing NCTL pipeline and ACOES is expected to reduce both significantly,” said San Leon’s CEO Oisin Fanning. The ELI Akaso is expected to arrive at Bonny port shortly, the company said. Energy Link Infrastructure (ELI) has told Eroton Exploration and Production, the operator of the licence, that mobilisation to the site should occur in February. In March, installation and completion of the Cawthorne 2 and 3 pig launcher and receiver platforms will be carried out, with pipe laying completion and commissioning of the ACOES in May. ELI is handling both the financing and construction of the ACOES. During the first half of 2019, San Leon reported that problems on the NCTL were the prime reason behind a 15,000 barrel per day difference between gross production and sales oil. The company has also said this new export route will allow it to improve well uptime.

linksdean 30 Jan 2020

Could be interesting! Update on New Alternative Crude Evacuation and Storage System, OML 18 The Company is pleased to provide an update on the new alternative crude oil evacuation and storage system (“ACOES”) on OML 18, onshore Nigeria. As described in the half-year report released on 30 September 2019, ACOES is being constructed for the purpose of transporting, storing and evacuating crude oil from the OML 18 export pipeline (“Pipeline”) running from within the OML 18 acreage and down to the open sea to a dedicated Floating Storage and Offloading (“FSO”) vessel named ELI Akaso. The ELI Akaso is expected to arrive shortly into Bonny port. Energy Link Infrastructure (Malta) Limited (“ELI”, the third-party provider of ACOES) has informed Eroton, the operator of OML 18, that the following activity is expected. All government and regulatory approvals for project construction have been received; February 2020: site mobilisation; March 2020: installation and completion of the Cawthorne 2 & 3 pig launcher and receiver platforms; and May 2020: completion of pipe laying, and commissioning of ACOES. Oisin Fanning, Chief Executive Officer, commented: “The operation of ACOES is expected to be a major catalyst for the success of OML 18. We have long described the challenges to pipeline losses and downtime on the existing NCTL pipeline and ACOES is expected to reduce both significantly.”

linksdean 30 Jan 2020

Could be interesting! Great find by bluerill lse… bluerill Posts: 455 Price: 25.90 No Opinion Cantor’s commentToday 10:43 San Leon Energy* ? (SLE.L, 26p, £117m) says the alternative crude oil evacuation and storage system (ACOES) for OML 18 is being constructed, with the ELI Akaso FSO expected to arrive into Bonny port shortly. All government and regulatory approvals have been received, with commissioning expected in May. Positive - a major milestone for the coy and its partners.

linksdean 29 Jan 2020

Could be interesting! [link]

linksdean 29 Jan 2020

Could be interesting! Another update…lets hope 31st it is!!.. fleetmon… ELI AKASO Ship None 370570000 3FNX9 270 x 58m — 2020-01-31 120 GMT

linksdean 29 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 29 Jan 20 OPEC mulls deeper production cuts to limit Coronavirus impact as oil price... Despite an upward revision in oil demand growth for 2020 by 140,000 b/d to 1.22 million b/d, OPEC members may consider deeper production cuts, or extend their existing deal, in response to a slump in prices caused by the outbreak of coronavirus in...

linksdean 28 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 28 Jan 20 Nigeria compliant with OPEC oil output cuts – NNPC GMD Nigeria reached its crude production quota in December under the OPEC agreement, Mele Kyari, the group Managing Director of Nigerian National Petroleum Corporation (NNPC),has said . He also noted that OPEC quotas only apply to crude oil production,...

linksdean 28 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 28 Jan 20 Nigeria exported $5.49bn of oil and gas in twelve months Nigeria exported $5.49 billion worth of crude oil and gas between October 2018 and October 2019, a report by the Nigerian National Petroleum (NNPC) has said The report said that crude oil export sales contributed $396.94 million (82.14 per cent) of... NNPC remittances to FAAC was N1,527.06 billion, out of which Federation Account and Joint Venture (JV) received the sum of N723.41 billion and N803.66 billion, respectively, as proceeds from the sale of domestic crude oil and gas, as well as the corresponding Naira remittances to the Federation Account.”

linksdean 28 Jan 2020

Could be interesting! The ship ELI AKASO announced BONNY as its next destination via AIS. The estimated time of arrival is 3 hours ago. This information was last updated 2 days ago. fleetmon…

linksdean 27 Jan 2020

Could be interesting! OilPrice.com OPEC Considers Deeper Oil Cuts Amid Virus Market Meltdown | OilPrice.com As leading OPEC producers downplayed fears of crippled demand growth in an attempt to calm the oil market on Monday, the cartel is said to be considering extending the ongoing production cuts or even deepening them to stave off an oil price slide