San Leon Energy Share Discussion Threads

[linksdean2] 19/11/2016 13:53

Always knew you were a used jonny!!

[witheco] 19/11/2016 10:23

There's a function on MS EXCEL that let's you calculate what SLE management thinks it's assets are going to be worth at any moment in any period of time. Type in any cell '=RND ()'. In fact to save money on the accounts - they should populate there asset and liability sheet on this basis going forward, it will be a huge improvement on there evaluation models currently.

[o1lman] 19/11/2016 09:04

Ireland.

so according to Mr. Zac Phillips, SLE has 917 mm boe (unrisked), that's for 15%.
so again according to Mr.Zac Phillips they sold 15 billion u$ (unrisked) for 3 mill u$ dollars, even the bb morons must agree that's better than mates rates.
That is of course of Mr. Zac Phillips is correct u must ponder on that for yourself.

[o1lman] 19/11/2016 08:56

Poland 97,039,148

they have sold two J/V's for 9 mill u$ and a euro, so the value of the assets in Poland are now worth circa 4 mill euros, quite a fall, I wonder why the management never saw that coming ?

[smithy91] 19/11/2016 08:33

something for the weekend, a new game called ' who said that'

check back next week if u need a new link to solve the puzzle.

[o1lman] 19/11/2016 08:26

30/06/2015
€
Poland 97,039,148
Morocco 53,390,342
Albania 7,378,739
Romania 9,511,656
Other areas 1,156,388
Total 168,476,273


The Directors have considered the licence, exploration and appraisal costs capitalised in respect of its exploration and evaluation assets, which are carried at historical cost. Those assets have been assessed for impairment and in particular with regard to remaining licence terms, likelihood of licence renewal, likelihood of further expenditures and on-going appraisals for each year. The directors are satisfied that there are no current indications of impairment, but recognise that the future realisation of these exploration and evaluation assets is dependent on future successful exploration and appraisal activities and the subsequent economic production of oil and gas reserves



At 30 June 2016
An analysis of exploration assets by geographical area is set out below:
30/06/2016 €’000
Poland 12,372
Morocco 27,184
Spain 8,205
Total 47,761


do they really know what they are doing or they really knew what they were doing at the time ?
best not to place too much trust in figures released by the company.

[o1lman] 19/11/2016 08:22

(ii) Amedeo Resources plc
In 2014, the Company purchased 71,225,000 ordinary shares in Amedeo Resources plc, a company listed on
the Alternative Investment Market in London, for a total consideration of €1,329,349. The market value of the
shares at 30 June 2016 was €77,593.


interims

oh dear

[linksdean2] 18/11/2016 23:25

After all these years of rantin and cryin and waging a one old man crusade cos he lost big it is oh derr! As sle have proved you wrong wrinkly .. They are in business with oil and gas production they have beaten you oddman..go figa!

[triple seven] 18/11/2016 20:30

All the trolls have come out of the woodwork I see.They must be worried

[o1lman] 18/11/2016 18:55

Subject: General news


DJ Human Head Transplant Moves A Step Closer


(SKY NEWS)--

Full Story hxxp://news.sky.com/story/human-head-transplant-moves-a-step-closer-10661984

..............

if u are a bb moron, there's still hope for u, ask for a head that can read otherwise u will still be a bb moron.

[smithy91] 18/11/2016 18:50

CHART TRADER - 09 Jan 2016 - 17:38:34 - 39246 of 43384
San Leon Energy - SLE
today's challenge, if SLE produces gas from Rawicz by early 2016, that is by the end of April allowing a bit of slippage time, I will never ever post on this board again.
of course if they don't produce gas from Rawicz by early 2016 banjodean and tripe7 have to agree not to post here also.

there's the challenge time to put up or shut up.


>>>>>>>>>>>>

so that's a no from slinky and a no from banjo so guess it's a no from tripe7 also.

[linksdean2] 18/11/2016 18:41

Prik stik you lot are glued together by the same hand same vein insane.. Go figa!

[o1lman] 18/11/2016 18:19

San Leon Energy sells Polish assets as it continues to focus on Nigeria
Share
14:44 18 Nov 2016
Chairman Oisin Fanning said the Polish asset sale is a natural further step in focusing the company's financial and management resources on the new interests in Nigeria.

San Leon Energy sells Polish assets as it continues to focus on Nigeria
It will receive US$9mln in cash
San Leon Energy Plc (LON:SLE) has sold its Polish assets to its partner Palomar Natural Resources.

The sale comes as the company continues to focus on its recently acquired Nigerian business.

It sold the 35% interest in the assets, which primarily comprises the Rawicz gas field, for a cash consideration of US$9mln and the release of its liabilities to the assets - namely US$3mln of loans advanced by Palomar to cover costs of drilling and testing of two wells.

The company’s Poznan assets, 35% owned, are sold for a nominal fee and a royalty.

San Leon receives US$2.2mln upon closing, a further US$2.3mln is to follow before the end of this month and the remaining US$4.5mln by the end of October 2017.

Oisin Fanning, San Leon chief executive, said: “The sale of certain Polish assets is a natural further step in focusing the company's financial and management resources on the world-class OML 18 asset in Nigeria, as per the company's stated strategy.

“The sale price achieved is very similar to the carrying value of those assets in the latest audited financial statement, after the liabilities release is applied, and is considered by the board to be full and fair.

“It also reduces overheads costs through a downsizing of the Polish office, and no further licence fees or overheads on the assets sold."

>>>>>>>>>>>>

guess a nominal fee sounds better than one euro.

[o1lman] 18/11/2016 18:14

Price: 44.25
RE: San Leon - Where is SLE heading..Today 11:34Npi of seikeirki.Pspeedo
Posts: 35
Off Topic
Opinion: No Opinion
Price: 44.25
RE: San Leon - Where is SLE heading..Today 11:32Sle through the placing paid the monies borrowed from tosca back hence sle are being paid the loan plus 17% interest on top.

Sle originally got $20 mill from palmar and this amount of $9million is a nice some as we haven't heard nothing from palomar regarding gas connection tie ups and the like, so sle has taken the cash no more investment plus have a tidy 10% npi

We have a great producing asset in oml 18 and cash flow will be quicker than rawicz!

honestsid
Posts: 1,305

Price: 44.00

RNSToday 17:52 LOL Pspeedo

[o1lman] 18/11/2016 18:10

jotoha, no one in authority is interested, u can spin as much as u like on Aim as the NOMAD is paid by the company so turns a blind eye to all the spin, a veritable cesspit.