San Leon Energy Share Discussion Threads

[timw3] 09/10/2017 09:28

o/t JOG simply priced wrong. Look at the market cap and todays news. Should be well over £4 now.

[linksdean2] 08/10/2017 17:43

Toscafund notes that the only two comprehensive external research notes covering San Leon Energy were issued in September 2016 by Whitman Howard and share price Angel and set a target share price of 130p and 100p, respectively.

concerning the appointment of Hannam & Partners

"Martin Hughes, Chief Executive Officer of Toscafund, commented: “Toscafund remains supportive of San Leon Energy and its management team. We understand that discussions continue between the board of San Leon and potential offerors and continue to encourage these discussions. This appointment is a function of Toscafund’s ongoing commitment to securing optimal value for all shareholders of San Leon.”

says it all really!!

[czar] 08/10/2017 13:15

Thank you. I'm buying as I sell down other positions, this is the best investment on the London market imho. I agree this Company really belongs to Tosca and they will not let the crown jewels go on the cheap.

[linksdean2] 07/10/2017 16:46

czar..sp angel state this.."On this basis, and using San Leon’s 2P Reserves of 70.9mm boe, implies a valuation of $440mm (Figure 6). Furthermore, given the active redevelopment programme, we believe that SLE will achieve higher 2P valuations as the work programme is progressed."


Brandon states.." Based on forecasts from the Petrovision Energy Services (“Petrovision”) CPR
and model, and assumptions on income from the provision of rig services, the
Transaction could generate US$530m of cash flows to the Company by 2020."

In aggregate, these cash streams have an NPV10 to SLE of US$514m
indicating the Transaction will be highly value accretive to shareholders.

At the time of the Eroton acquisition a reserves report by RPS Energy
attributed 2P reserves of 407mmbbl and 3Tcf of gas to OML 18. A more
recent CPR by Petrovision has increased reserves by over a third to
576mmbbl and 4.2Tcf reflecting the strong production performance.

Additional contingent resources are estimated at 203mmbbl and 1.6Tcf, while
there is also considerable exploration potential (471mmbbl and 1.6Tcf are
attributed to the top 20 ranked prospects on a risked basis). Importantly, San
Leon negotiated the acquisition on the basis of the old reserve numbers so
will immediately benefit from the reserves upgrades.

" Importantly, San Leon negotiated the acquisition on the basis of the old reserve numbers so will immediately benefit from the reserves upgrades."..

Overall, cash flows to San Leon are forecast to total US$530m between 2016
and 2020 and US$924m out to 2040, generating an unrisked NPV10 of
US$514m (US$341m net of acquisition costs). For shareholders this offers
exposure to a quality and high value asset and potential San Leon
shareholder distributions (share buy backs or dividends) of more than
US$250m in the first five years, providing a substantial yield.

new reserve numbers are due soon!!..and with a Mcap of just £102 mill..anyone reckon Tosca is gunna let this go cheap!...answer is naah!!

[czar] 07/10/2017 15:10

linksdean what is SLE's share of the oil revenue worth do you estimate?