San Leon Energy Share Discussion Threads

[czar] 13/2/2017 10:41

This is sure to fetch over £1 now.

[witheco] 13/2/2017 10:02

Nope - I'm unphased by the spurious bolloks reported - markets not interested either. The pump and dump scheme no longer has much effect with SLE anymore. It's been overdone too frequently in the past.

[witheco] 13/2/2017 08:27

As with ithaca, there are going to be numerous oil and gas companies that are going to get bought out with the less pessimistic environment. No doubt, SLE will be on the list - how far up on that list is a different matter, especially when you look at its fundamental business case. Getting interest and getting bought are two different matters. Suppose we will need to see if Tosca is going to provide support at this 60p range or will allow it to fall back to 55p?. Doubt that's going to be life changing for the private investors on here though.

[witheco] 13/2/2017 08:13

I'll bottom up at 60p and further at 65p - if it gets there.... I'm totally unconvinced with this.

[witheco] 13/2/2017 08:10

You need 20% increase to see if this news is going to matter or not or just another rumour mill article in the Irish times. Seems like caution being applied in early trading....

[witheco] 13/2/2017 08:07

So, once again the fortunes of the company are not decided by the management but are in the hands of others.

[123js] 13/2/2017 00:48

A wonderful, beautiful view...very simple - removes a lot of the noise (think what you will of dear OF) and almost, almost gives the first slightly positive angle to these long term, bruised eyes...

[czar] 12/2/2017 21:54

From a BB

Yes that's what I thought. But this guy backed it up. His simple argument was nothing to do with increased production (which we have) or massive oil services contracts (which are starting), it was much more simple and based on facts that are there for all to see. San Leon bought the Nigerian asset at the end of 2015/start of 2016, they secured the backing of people like Tosca so lets assume it was a pretty good deal at that time. When the deal was struck oil was $26 a barrel, extraction costs all in are circa $20 so they expected to make $6 a barrel, the price now is $54 so they will be making $34 a barrel, almost 6x what was expected at the time of this deal. The USD was 1.45 to the £, now it is 1.24 to the £, which increases the sterling profits by 17%. Put those two factors together SLE is worth 300p a share now. No wonder Tosca has been hoovering up stock and no wonder there are two bidders after the company.

[czar] 11/2/2017 18:41

Shareholders are off to the races, shorters are off to their cardboard box!

[triple seven] 11/2/2017 18:03

Say's the troll who lost 90 kYour loss is going to be in my pocket soon hopefully ,and it's a lot more then the ninety thousend you lost.happy day's

[stockriser] 11/2/2017 11:59

DEFINITION of 'Bidding War'

A situation where two or more buyers are so interested in an item (such as a house or a business) that they make increasingly higher offers of the price they are willing to pay to try to become the new owner of the item. The bidding usually occurs at a fast pace, requiring potential buyers to make less thought-out decisions than they normally might. While a bidding war is a seller's dream come true, it may cause buyer's (or shorters) remorse.

[triple seven] 11/2/2017 09:09

That's the type of cut n pastes you should be looking for.Happy Day's and good luck to all holder's

[triple seven] 11/2/2017 09:06

Oisín Fanning's San Leon receives second Chinese approachOil company informed market before Christmas of initial indicative €422m bidabout 3 hours agoJoe BrennanShares in Oisín Fanning's San Leon Energy closed on Friday in London at 55.25p each, having declined by 0.45 per cent during the sessionFormer stockbroker and telecoms entrepreneur Oisín Fanning's San Leon Energy may be the target of a potential takeover battle. The London-listed oil and gas explorer is understood to have received an approach from a second Chinese suitor.San Leon Energy said just before Christmas it had received an 80p-per-share indicative bid from a little-known Chinese company called Geron Energy Investor, which would value the company at £360 million (€422.3 million) – almost double its market capitalisation at the time.Sources said that San Leon Energy and its advisers have now had to widen the process, after receiving another approach for the company, which last year completed a transformational acquisition of an indirect interest in a Nigerian offshore oil field. The sources declined to name the other party involved, although it is also understood to be based in China.San Leon Energy's largest shareholder, UK hedge fund Toscafund, which is run by Martin Hughes, dubbed "the Rottweiler" in the City of London for his sometimes aggressive investment style, called on the company in December to engage in discussions with Geron with a view to a transaction being agreed.TradingToscafund has since increased its stake marginally in San Leon Energy, from 55.97 per cent to 56.2 per cent this week, presumably in the hope of a deal being executed at a premium to where shares are currently trading. The main shareholder is not privy to the discussions.Shares in San Leon Energy closed on Friday in London at 55.25p each, having declined by 0.45 per cent during the session.A spokeswoman for San Leon Energy declined to comment, while representatives at Toscafund didn't respond to requests for comment.San Leon Energy sold £170.3 million (€199.7 million) of shares at 45p each in September to acquire a 9.72 per cent interest in the world-class OML 18 oil field in Nigeria, which is currently producing 54,000 barrels of oil per day and 55 million standard cubic feet of gas per day.

[czar] 11/2/2017 08:57

A bidding war about to erupt, this company will be bought for at least 130p imho. So obvious the way Tosca has been buying every share from the mug punters.

[linksdean2] 11/2/2017 08:31

Oisín Fanning’s San Leon receives second Chinese approach
Oil company informed market before Christmas of initial indicative €422m bid

about 3 hours ago
Joe Brennan

Shares in Oisín Fanning’s San Leon Energy closed on Friday in London at 55.25p each, having declined by 0.45 per cent during the session


Former stockbroker and telecoms entrepreneur Oisín Fanning’s San Leon Energy may be the target of a potential takeover battle. The London-listed oil and gas explorer is understood to have received an approach from a second Chinese suitor.
San Leon Energy said just before Christmas it had received an 80p-per-share indicative bid from a little-known Chinese company called Geron Energy Investor, which would value the company at £360 million (€422.3 million) – almost double its market capitalisation at the time.
Sources said that San Leon Energy and its advisers have now had to widen the process, after receiving another approach for the company, which last year completed a transformational acquisition of an indirect interest in a Nigerian offshore oil field. The sources declined to name the other party involved, although it is also understood to be based in China.
San Leon Energy’s largest shareholder, UK hedge fund Toscafund, which is run by Martin Hughes, dubbed “the Rottweiler” in the City of London for his sometimes aggressive investment style, called on the company in December to engage in discussions with Geron with a view to a transaction being agreed.
Trading
Toscafund has since increased its stake marginally in San Leon Energy, from 55.97 per cent to 56.2 per cent this week, presumably in the hope of a deal being executed at a premium to where shares are currently trading. The main shareholder is not privy to the discussions.
Shares in San Leon Energy closed on Friday in London at 55.25p each, having declined by 0.45 per cent during the session.
A spokeswoman for San Leon Energy declined to comment, while representatives at Toscafund didn’t respond to requests for comment.
San Leon Energy sold £170.3 million (€199.7 million) of shares at 45p each in September to acquire a 9.72 per cent interest in the world-class OML 18 oil field in Nigeria, which is currently producing 54,000 barrels of oil per day and 55 million standard cubic feet of gas per day.