Share Name Share Symbol Market Type Share ISIN Share Description
San Leon LSE:SLE London Ordinary Share IE00BWVFTP56 ORD EUR0.01
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.55p -1.88% 28.65p 28.20p 29.10p 29.20p 28.10p 28.10p 79,461 16:35:03
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.3 -63.4 -14.4 - 143.32

San Leon Share Discussion Threads

Showing 91451 to 91473 of 91475 messages
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DateSubjectAuthorDiscuss
15/10/2018
18:43
Still a good deal from 26 to over 80 bucks no matter how you try to turn it
talltrees1
15/10/2018
14:03
PC01 Posts: 31 Opinion: No Opinion Price: 29.20 RE: Someone knows Sat 12:10..................................................................................... so let's leave the machievellian market-manipulating nonsense to John Le Carre - the share price will be what it is, driven by fundamentals of demand and supply...and there isn't much of the latter it would seem. On your more interesting point re Tosca, who knows what their end game is...they have undeniably invested huge amounts of time and capital in SLE and will want to ensure a decent return if they can. There is every chance they could decide to take it private, tho I think more likely is a trade sale of their position to the company that ends up owning SLE. And there we private investors do have a problem...as we get taken out of our stock at a premium to where it trades today but maybe not at the final resting price where we would like to see the share price reach. In that case we have the board to hold our hand...which for some of you might not be the best thing you'll read today given your view! I think there will be much more clarity for all of us over the next 4-6 weeks.
chart trader2000
15/10/2018
13:35
then they were receiving over 90 bucks with the hedges in place, now only 80 on falling production, so maybe not that good ?
1historyman
15/10/2018
13:20
26 bucks was when sle did this deal oil is over 80 bucks now so yes it is looking good
talltrees1
15/10/2018
11:22
3 bits of news that will be positive for the company if they actually occur, of course if they don't it will be a negative for the company. i. The Company has been informed by Midwestern Leon Petroleum Limited ("MLPL"), that the quarterly Loan Notes repayment to San Leon which is due on or before 1 October 2018, is now expected to be made during October 2018. ii. Eroton expects a drilling rig to arrive in OML 18 within the next month to drill the first new well of Eroton's operatorship, with others planned to follow. It expects the well to spud by early November, have a duration of approximately 60 days, and will be an infill well in the Akaso field. iii. The Company intends initially to return not less than $10 million to shareholders through a share buy-back programme (the "Programme"), once it has completed its capital reorganisation (expected to complete in October/November 2018). ............... halfway thru the month, early days yet, well for SLE anyway.
chart trader2000
15/10/2018
11:18
Now let’s talk some technicalities. These are facts that Nigerians are used to anyway. Nigeria used to produce most of its crude oil – about 97 per cent – through a Joint Venture system in which we contributed our quota and the foreign oil companies contributed theirs, while we later share profits. But profligate Nigeria, and her maniacal managers of the oil sector, ensured that we couldn’t meet up with paying our Cash Calls… meaning we were willing to enjoy the goodies but never wanted to pay our share of obligations. Under Kachikwu (I think the man meant well for Nigeria), we started to move towards what is known as the Production Sharing Contracts (PSCs), which is essentially a scenario where Nigeria takes absolutely no risk and contributes nothing in capital to the exploration and production, but shows up in the end after all the work has been done, to collect its share of profits. Trust the white man. He is too smart for us. And so many PSCs have failed in the past or Nigeria gets shocked by how little it gets from its Smart Alec idea. According to the Nigerian Extractive Industry Transparency Initiative (NEITI), Nigeria got only $38 billion out of the $104 billion proceeds of crude oil. That is like 36 per cent. That is our true portion, so we need to correct the usual error among our compatriots, who simply multiply our daily total OPEC-quota production by the current price of crude oil to determine ‘what Nigeria is getting’ on a daily basis. Crude is also sold ahead, rather than in a on-the-spot market.
chart trader2000
15/10/2018
10:13
Top among them is the profligacy among state governors. There is virtually no authority to stop them from spending the finances of their states as they wish. The State Houses of Assembly have failed woefully to assert their constitutional powers in this regard, and the Federal Government has little power to intervene. Due to the so-called “feeding bottle” system whereby the states run to Abuja every month to collect revenue allocations, governors spend state resources like emperors and live like kings. Read more at: https://www.vanguardngr.com/2018/10/tackling-the-unpaid-salaries-morass/
chart trader2000
11/10/2018
19:26
Good performance considering oil had dropped 6$ from its recent high.
1historyman
11/10/2018
19:13
Good performance in a terrible market today and decent volume, something is attracting buyers.
czar
11/10/2018
15:53
Bonny Terminal: Oil exports, revenue under threat over court order … As Shell files stay of execution Adewale Sanyaolu Except urgent steps are taken, Nigeria may record a major revenue loss in the oil sector following a 2008 Rivers State High Court judgment asking Shell to forfeit the land where the Bonny crude oil terminal is located. Should the 2008 judgment by Justice Margaret Opara of the Rivers State High Court be enforced, the country’s economy may take a turn for the worse as oil accounts for over 70 percent of revenue for the Federal Government. And to further show its displeasure towards Shell for failing to honour the 2008 judgment, A Rivers State High Court sitting in Port Harcourt had on Tuesday sentenced the Managing Director of Shell Petroleum Development Company (SPDC), Mr. Osagie Okunbor, and two others, to three-month imprisonment with hard labour. Okunbor was sentenced alongside Shell’s Secretary and Head of Legal, Nike Oyinlola, and the Deputy Country Head of Legal/ Managing Counsel Global Litigation sub-Saharan Africa, Keibi Atemie.
chart trader2000
10/10/2018
16:29
AIM is an international market for growth companies covering a broad range of sectors with a wide range of market capitalisations. Given this, the AIM Rules take a principles based approach to ensure that they are relevant to the needs of such companies. A company’s free float is an important qualitative assessment, which can have a significant impact on the ability of the company to attract investors and the functioning of the secondary market. Whilst we do not prescribe levels of free float, the issue of free float is something that we consider an important factor in the work a nominated adviser undertakes when bringing an applicant to market. Sufficient free float is fundamental to the orderly trading and liquidity of the securities once admitted to AIM, which is inextricably linked to the company’s appropriateness to be admitted to AIM. Nominated advisers will be aware that we often ask them to provide us with details about the factors they have considered in relation to free float when seeking to bring a company to AIM. As a consequence, this is an area where we thought it would be helpful to clarify some of the factors we often discuss with nominated advisers, including the following: Consideration should be given to how the securities are likely to trade when admitted to AIM, following discussion with the company’s broker(s) and potential market makers. We would expect consideration to be given to the spread and nature of the shareholders comprising the free float; Failure to raise initial target funds (which in itself might give rise to free float questions) may be indicative of more fundamental issues of appropriateness and is a matter that should be properly explored by the nominated adviser; Limited free float should give rise to questions about the rationale for the applicant to seek admission to AIM; Where there are concentrated shareholdings (e.g. connected due to family, business or other interests/ connections) free float issues should be considered in conjunction with issues of undue influence, control and ongoing corporate governance arrangements within the company. Date of publication: 1 June 2015
chart trader2000
10/10/2018
16:25
when Midwestern complete their share swap, the number of shares not in public hands will be 77%.
chart trader2000
10/10/2018
10:11
Production has continued to be affected in the first half of 2018 by Nembe Creek Trunk Line ("NCTL") pipeline downtime and allocated pipeline losses (although the installation of the LACT units is expected to reduce these). In addition, there has been a decline of more than 4,000 bopd in production from the Awoba field (of which the OML 18 partners have a 50% equity share) over the 12 months to 30 June 2018. Average production before pipeline losses for the first six months of 2018 was 38,578 bopd (after downtime), or 46,086 bopd on a producing days basis. Average sales oil for the period was 26,003 bopd (after pipeline losses). Current trouble-free production (including 50% of Awoba, and before pipeline losses) is approximately 49,000 bopd, with an expectation that it will increase as well activity ramps up in the coming months.
chart trader2000
10/10/2018
10:10
Investors trust a company to be open and honest with its reporting as the publication of financial results and trading updates are often the only insight they have into how a business is performing", Mr. Mould says.
chart trader2000
10/10/2018
09:48
ank-Anthony Okoroafor, the chairman of the Petroleum Technology Association of Nigeria (Petan) talks to TOGY, about local capacity, the need for more exploration and natural gas development in the country. Petan is an umbrella organisation that represents Nigerian companies in the oil and gas industry. • On well services: “Well intervention activities started creeping up with the low oil price because people were not drilling new wells. They had to start maintaining what they have.” • On exploration: “We have not had any major discoveries for the past 10 years. We need to ring-fence budgets for exploration. We need to finance our budget for exploration, because the balance sheet of oil and gas goes down without replacement of reserves. We are not replacing, so we become less attractive.” • On gas-to-power: “Everybody says we need gas, we can do this, and if we have gas we can have our own electricity. But we need to put in a strategic plan and a budget. Without budget, all the talk is hopeless.”
chart trader2000
10/10/2018
09:44
the market seems underwhelmed about the great news from SunTrust.
chart trader2000
09/10/2018
20:17
I was looking for a post by 3links but he seems to have been eviscerated from this thread anyone know the reason why ?
1historyman
09/10/2018
20:02
By Sarah Kent and Sarah McFarlane Big Oil is betting on natural gas as the fuel of the future, but companies face a challenge to show they can make as much money producing and selling cargoes of gas as they could from tankers of crude. Last week, Royal Dutch Shell PLC announced a liquefied natural gas project in Canada that will cost $14 billion to build, while Exxon Mobil Corp. and partners are expected to approve a multibillion-dollar LNG project in Mozambique in 2019. That is a similar timeline to Russia's roughly $20 billion Arctic LNG-2 project, which is part-owned by France's Total SA. Natural-gas projects historically have delivered lower returns than big oil projects, and as a result companies and shareholders have prioritized oil developments. That's something the companies are working hard to change. Still, according to Edinburgh, Scotland-based consultancy Wood Mackenzie, the weighted average internal rate of return for liquefied natural gas projects currently in the pipeline is about 13%. That compares with 20% for deep water projects and 51% for unconventional oil developments like shale. "The problem for oil companies is that gas is much more difficult to make profitable," said Eirik Wærness, chief economist at Norwegian oil company Equinor ASA, formerly known as Statoil. The case for gas also becomes more difficult, at least in the short term, when oil prices are high as they are again today, though oil companies invest on a long-term horizon. Yet big oil has little choice but to double down on gas. Companies have discovered fewer large new oil deposits than natural gas opportunities over the past decade. And governments, including China and many in Europe, are seeking to reduce pollution by burning cleaner fuels for transport and electricity. A new natural-gas power plant emits around half as much carbon dioxide as a new coal or fuel-oil plant. Rising global demand also makes a compelling case for natural-gas investment. Oil consumption is expected to rise by just 0.5% a year out to 2040, according to Wood Mackenzie, a substantial slowdown from previous decades. Some forecasts anticipate demand will stop growing altogether within the next decade. Natural gas consumption, though, is expected to rise to 24% of the world's energy mix by 2040, from 22% in 2016, according to the International Energy Agency. LNG's share of that market is set to rise to almost 40% in 2023, from around a third in 2017, the IEA forecast. "It's all a balancing act," said Brian Youngberg, senior energy analyst at brokerage Edward Jones. "At the end of the day, oil is the most profitable product they produce, but demand is going to slow so you need to start managing that transition." At the same time, oil companies are eyeing efforts to curb global warming that could make lower-carbon natural gas more competitive. Policies like a substantial price on carbon "moves the dial on gas," Mr. Wærness said. By 2025, both Shell and BP PLC will be producing more gas than oil. French oil giant Total SA's production is already a near 50-50 split. Exxon Mobil Corp. is also planning significant new investments in LNG. The companies are selling the shift as a smart strategic bet on a growing market. "The good news is that the natural gas market will continue to grow, and this explains why we are aggressive, offensive and expanding," Total CEO Patrick Pouyanné told investors last month. "On the contrary, the oil market will stabilize and even decline." Investors have embraced the strategy, with some reservations. While big gas projects generate lower returns, they are profitable and provide much more stable long-term cash flow than most oil developments -- very attractive characteristics for shareholders who want to know their dividends are secure. And internal rate of return is just one way to gauge attractiveness. Many big gas projects offer additional opportunities for profit-generation through trading and business integration. The natural-gas projects provide "very stable and consistent cash flow and this is something oil-and-gas companies have never really had, and what has made them so cyclical," said Richard Hulf, a manager of the Global Energy Fund at Artemis Fund Managers. Companies are continuing to make significant oil investments, providing a balance to higher risk, higher reward projects that many investors like. Yet the dash for gas highlights broader risks for the sector in an age of lower-carbon energy and an eventual shift away from fossil fuels altogether to more renewable energy. "The pivot to gas the industry is engaging in will over time probably mean the industry is pursuing a dramatically smaller overall profit pool -- unless gas pricing moves to energy equivalence with oil, which is unlikely," said Nick Stansbury, head of commodities research at Legal & General Investment Management. Investment in renewable energy for electricity generation is already outpacing fossil fuels globally, driven by falling costs of producing wind and solar power. More than half of power-generating capacity added in recent years has been in renewable sources, according to the IEA. "Longer term it's the logical thing to be doing if you believe that the gas market has got more longevity and is going to continue growing," Wood Mackenzie analyst Tom Ellacott said. Big oil companies are working to drive down costs, secure buyers and leverage their market clout to maximize returns. Shell pushed back the approval of its Canadian LNG project by two years and split it in half as it worked to bring down the costs. It expects the project to generate an internal rate of return of 13%. The moves point to the potential for a more sober oil-and-gas industry, less prone to the dramatic slumps that come with oil-price cycles yet with equally less promise to reach heady peaks. "You will see lower return on investments for some of these [gas] projects," said Espen Erlingsen, a partner at Norwegian consultancy Rystad Energy. "I guess that's something they have to live with."
chart trader2000
09/10/2018
19:59
Looks like Sun Trust have dropped their court case against SLE as it is not on their website now. hxxp://suntrustoil.com/news/
talltrees1
09/10/2018
11:38
chart trader2000 - 03 Oct 2018 - 11:18:29 - 46077 of 46101 San Leon Energy - SLE today's quiz, rank the following in the worst decisions made by the SLE board, as they say in no particular order. i. when they took over Aurelian they spent the cash that belonged to Avobone rather than returning it. ii. exchanging 30% of Barryroe for a 4.5% NPI iii. raising cash when the oil price was low but rather buying production in a safe area like SQZ they chose some complex deal in Nigeria. iv. selling most of their Irish assets for a pittance, which of most they never received. v. buying shares in Amedeo Resources plc In 2013 the Company purchased 71,225,000 ordinary shares in Amedeo Resources plc, a company listed on the AIM Market in London ........................ Serica Energy's receipt of license and assurance from the U.S. Office of Foreign Assets Control is a surprisingly positive and price material development, WH Ireland analysts say. With the license having been a key requirement for Serica's acquisition of interests in the Bruce, Keith and Rhum fields from BP and Total, WH Ireland says it has placed its target price--previously 118 pence--under review. Once the deal is complete, Serica will present itself as a company with a strong balance sheet and cash generative assets, WH Ireland says. Shares are up 34% at 103 pence.
chart trader2000
09/10/2018
10:28
remember that MLPL are technically in default on the loan and SLE haven't informed their shareholders how much MLPL has borrowed of course which SLE owes 40% of. GL
chart trader2000
09/10/2018
10:25
3 bits of news that will be positive for the company if they actually occur, of course if they don't it will be a negative for the company. i. The Company has been informed by Midwestern Leon Petroleum Limited ("MLPL"), that the quarterly Loan Notes repayment to San Leon which is due on or before 1 October 2018, is now expected to be made during October 2018. ii. Eroton expects a drilling rig to arrive in OML 18 within the next month to drill the first new well of Eroton's operatorship, with others planned to follow. It expects the well to spud by early November, have a duration of approximately 60 days, and will be an infill well in the Akaso field. iii. The Company intends initially to return not less than $10 million to shareholders through a share buy-back programme (the "Programme"), once it has completed its capital reorganisation (expected to complete in October/November 2018).
chart trader2000
08/10/2018
14:50
some of these traders should read the LSE SLE thread to realise what a big mistake they are making selling, also the in depth knowledge will keep them amused.
chart trader2000
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