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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
San Leon Energy Plc | LSE:SLE | London | Ordinary Share | IE00BWVFTP56 | ORD EUR0.01 (CDI) |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 16.50 | - | 0.00 | 01:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
Crude Petroleum & Natural Gs | 5.75M | 40.72M | 0.0905 | 1.82 | 74.24M |
Date | Subject | Author | Discuss |
---|---|---|---|
03/10/2017 19:05 | Gunna happen czar.. plus sle has stated about an up front payment once service contract is signed and looks like work overs has just started!! by what's written in interims! | linksdean2 | |
03/10/2017 14:14 | Just wait 'till they get drilling and hit another gusher! | czar | |
03/10/2017 11:29 | Plenty more news to come..reserves update should be quite nice as new wells and older ones coming back to production plus plus!!.. | linksdean2 | |
03/10/2017 10:50 | Waiting for the next update now on payments from NNPC or loan repayments $19m per quarter or oil production update.........we are on our way plenty of positive news to come imho. | czar | |
03/10/2017 09:43 | San Leon Energy – Eroton update (SLE LN, Mkt cap: £94m) – Positive San Leon advises that Eroton has informed it that it has received verbal confirmation that the state Nigerian National Petroleum Corporation (NNPC) has made an in initial US$7m payment to Eroton towards NNPC’s 2015-16 arrears on OML 18. US$86m of arrears remains outstanding. The lack of payment from NNPC has impacted expenditure on the work programme at OML 18 and has also directly contributed to the delay in funding the debt service reserve account (DSRA) which needs to be fully funded before the Reserve Based Lending (RBL) facility providers will allow distribution of dividends from Eroton to its shareholders. Currently, the funding level required in the DSRA is US$120m, which reduces to US$90m in 2018, reflecting the amortisation schedule of the RBL. Currently the DSRA contains approximately US$32m. While the commencement of repayment of its arrears by NNPC is welcome, the amount is relatively small in relation to both the amount outstanding from NNPC and in relation to the funding required to meet the DSRA requirement before any dividend can be paid out to San Leon. Should NNPC pick up the pace of repayments, that could potentially become much more significant for San Leon. | czar | |
03/10/2017 07:30 | NNPC started paying that is great news, San Leon is a no brainer now and is clearly worth over £1 a share! Cash will start pouring in now from the loan notes, share of oil production and oil services. | czar | |
03/10/2017 07:20 | TIDMSLE RNS Number : 4892S San Leon Energy PLC 03 October 2017 3 October 2017 San Leon Energy Plc ("San Leon", "SLE" or "the Company") Eroton Update San Leon Energy Plc ("San Leon" or "the Company"), the AIM listed oil and gas exploration and production company focused on Africa and Europe, today announces that Eroton has verbally informed the Company that Eroton has received the first payment from Nigerian National Petroleum Corporation ("NNPC") for its 2015-2016 arrears on OML 18, onshore Nigeria. US$7 million has been received, leaving approximately US$86 million outstanding to Eroton. The delayed receipt of NNPC arrears has had two main impacts to date. Firstly, as announced on 7 September 2017, this has been a contributory factor to some work programme delays (such as well workovers and the drilling of new wells). These delays to heavy workovers and new well drilling, which target significant hikes in production rates, in turn impact the cash generated by Eroton. Secondly, as also announced on 7 September 2017, depositing three future quarterly reserve based lending ("RBL") repayments into the debt service reserve account ("DSRA") attached to Eroton's existing RBL facility, is one of the conditions that needs to be met before the RBL lenders will allow distribution of dividends from Eroton to its shareholders. The cumulative amount required to fill the DSRA account varies according to the RBL amortisation schedule, but is approximately US$120 million during 2017. This falls to approximately US$90 million in 2018 due to a decrease in quarterly RBL repayments. As of 2 October 2017, the DSRA contained approximately US$32 million (9.9 bn Naira). The deferred receipt of funds from NNPC has contributed to a delay in filling the DSRA. Oisin Fanning, CEO, commented: "NNPC has been paying OPEX and CAPEX contributions throughout this year towards 2017 costs on OML 18. 2015 and 2016 were difficult years for the oil and gas industry and the receipt of this payment for arrears related to this period is a significant and welcome development which increases confidence for international independent oil and gas companies investing in Nigeria. For OML 18, this is an important step towards boosting production and targeting the beginning of dividend distributions to its shareholders by Eroton. We look forward to updating the market on further arrears payments." | stockriser | |
03/10/2017 00:03 | hello my dear, I would really like to have good relations with you, and I have a special reasons for that,also contact me with my email address id(sophiasaabiraa11@ i am waiting for your respond for a way forward. yours, miss sophia | sofialove4 |
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