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 Shares Traded Last Trade
  -0.65p -2.50% 25.35p 131,633 16:35:26
Bid Price Offer Price High Price Low Price Open Price
25.10p 25.60p 25.70p 25.10p 25.60p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.29 -63.39 -14.38 126.8

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Date Time Title Posts
17/7/201815:15San Leon home of the moron375
16/7/201807:36San Leon Energy45,876
30/4/201813:02San Leon Energy - The New Positive Thread34,737
02/12/201712:12San Leon618
01/12/201723:46san leon energy51

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DateSubject
18/7/2018
09:20
San Leon Daily Update: San Leon is listed in the Oil & Gas Producers sector of the London Stock Exchange with ticker SLE. The last closing price for San Leon was 26p.
San Leon has a 4 week average price of 20.50p and a 12 week average price of 20.50p.
The 1 year high share price is 37p while the 1 year low share price is currently 17.75p.
There are currently 500,256,857 shares in issue and the average daily traded volume is 625,614 shares. The market capitalisation of San Leon is £126,815,113.25.
02/7/2018
14:40
chart trader2000: honestsid Posts: 1,957 Opinion: No Opinion Price: 24.70 RE: Guest appearanceToday 14:19"a formal commitment to a credible dividend policy that would make a mockery of the current share price." Bluerill The current share price is the current share price for a reason. If SLE was honestly worth more then the share price would rise not fall. Simple as! No one thinks divs will be paid any time soon ... see SP! Credible dividend policy my arris, That dream has been around for a year or two, pie in the sky. Jam tomorrow. Why wait on a promise when other companies actually deliver real dividends right here right now? Like you say we rely on Eroton getting paid, fat chance when the Nigerian government cant squeeze the money out of their own organisation! You chose not ignore these facts I "cut and pasted" to help you with your future broker notes. I wonder why?
02/7/2018
11:27
chart trader2000: SLE RE: opening price 1 Apr '18 Mr Book-Worm-while I'm sure IIs here love your enthusiasm, and I certainly agree with posters like you that understand that - based on the current evidence that Avabone have been paid off, Eroton are current with their payments, OML18 production is rising again, and the NNPC are making arrears payments - our share price will re-open materially higher, I don't think you understand how a reverse takeover actually works. Right now the negotiations taking place between SLE/Tosca and Jite Okuloku's group, and possibly others, involves the EXCHANGE of assets by SLE - principally the near-$200m in principal and interest still owed to it - for hard assets such as a greater permanent stake in OML18 as well as other highly prospective acreage, of (much) greater value, and hopefully, some cash as well. The result will be a company that is currently valued at 100m (a fall from 200m remember which was entirely precipitated by the market's wild overreaction to the Avabone threat, which of course was eliminated while the shares were suspended) emerging from suspension with no debts, cash on hand of anywhere from 20m upwards, and producing and prospective assets (remember SLE starts with its 9.75% economic interest in OML18) valued at significant more than the $200m bond they've foregone (though speculating on the precise value of those assets received is somewhat tricky until we see an RNS of course). I'll discuss how I think the shares will be valued in a later post (inevitably the market will put a discount on even the most conservative valuations, at least early on), but the obvious conclusion is A LOT HIGHER, though not in the 2-3 range I'm afraid - at least not right away! The result of all this however, is that SLE ends up receiving assets of cash and acreage far in excess to what it gives up, thus the deal gets deemed a REVERSE takeover. Among the very many things that the bears on this board either refuse or truly don't seem to understand (the value of SLE's 4.5% NPI after the Barryroe farmout anyone?) is that Tosca/SLE are in the driver's seat here, and that Jite's Eroton group not only need this deal (paying SLE E19m/Q for the next 2 1/2 years cannot be an exciting prospect when growth opps are everywhere and cash is king), but may also want it. One big reason for this is something you have already mentioned, Mr Book-Worm: namely that the combined company after the RTO will be a midcap producer the size of a Genel, inevitably listed on the LSE's main board, with a combined Nigerian and western BOD. This can mean greater access to western capital markets and thereby a real avenue to growth for local entrepreneurs like Okuloku, since as we all know, some of the world's most prolific acreage surrounds fields like OML18. Partly as a result of such a strong negotiating position, its my contention that this deal will result in creating substantial shareholder value. .................. note the date !!
28/6/2018
12:55
chart trader2000: honestsid Posts: 1,948 Opinion: No Opinion Price: 22.00 RE: BoughtToday 12:45"Bought Some more today, as I always do when the share price is dropped on no volume" SloppyJoe Wow sloppy, you must have thousands and thousands of shares by now, seeing as the share price does nothing but drop. We all remember linksdean's advice to do the same, back in the day when SLE shares were worth 100 times more, before consolidation and massive re-issues of the shares. That was poor advice wasn't it just, like I said at the time, (That's right, sids prediction spot on again, but hey, don't listen to him, his arguments aren't well founded, but they do seem to be right all the time). Ah well, we all know what Linksdean was up to now. Something criminal is all I can say. >>>>>>>>>>>>>>>>>>>>>>>>>>> Don't miss today's buying opportunity, LOL. nightflight Posts: 66 Opinion: No Opinion Price: 21.30 RE: San Leon Future Share Price to 2019 Today 11:05Yup we seem to be losing 5% a day. Am amazed Tosca kept fanning there as presumably they want to sell their stake at some point and it would need to look like a bona fide outfit for that to even be possible. I don't know why sid doesn't put all this energy into getting the fca to do something about fanning. I think he was basically running a pretend oil company in Poland and knew there was no substance to it for a long time before it was admitted.
11/6/2018
12:27
chart trader2000: czar - 01 May 2018 - 09:45:43 - 45197 of 45477 San Leon Energy - SLE City I think your price target pf £2 is reasonable. We know Tosca would not take less than 130p and that was before the latest surge in the oil price. The oil services provided by San Leon are expected to be $1 billion over the next few years and the profit to San Leon will be circa $300 million. Then there is the likelihood of more wells being drilled and a ramp up of production. City Chappy - 30 Apr 2018 - 20:17:29 - 45180 of 45477 San Leon Energy - SLE I think it will be a couple of quid this year. City Chappy - 30 Apr 2018 - 20:05:10 - 45178 of 45477 San Leon Energy - SLE Many reasons to be cheerful about the new SLE not least the $19 million per quarter money coming in, free carry on Barryroe with drilling next year, and the stated intention to begin paying dividends and do a 10% share buy back. City Chappy - 30 Apr 2018 - 19:20:01 - 45170 of 45477 San Leon Energy - SLE But then I look at a company like 88E which closed down today yet still with a market capitalisation of £113m inspite of zero revenues and recent drilling producing water instead of oil. I then contrast that with SLE who have £19 million per Quarter coming in just from the loan notes, zero debt, 9% economic interest in OML 18 and 4.5% interest and free carry in Barryroe to be drilled next year. Then I see SLE are intending to return cash to shareholders via dividends and a share buyback, which can only be good for the share price. You would have to be "stupid" to be out of SLE at this point but each to their own.
30/5/2018
14:33
chart trader2000: BlackSwanToday 11:17 Above all the news that SLE share price stays magically above UKP 0.25 amazing - is the market protecting its own remember when certain "market people"were compensated/paid with 0.25p shares or is this the value to the company of renting out OF apartment - come on SLE valuation as expressed on the market is really something to behold.
23/5/2018
09:12
chart trader2000: czar - 01 May 2018 - 09:45:43 - 45197 of 45477 San Leon Energy - SLE City I think your price target pf £2 is reasonable. We know Tosca would not take less than 130p and that was before the latest surge in the oil price. The oil services provided by San Leon are expected to be $1 billion over the next few years and the profit to San Leon will be circa $300 million. Then there is the likelihood of more wells being drilled and a ramp up of production. City Chappy - 30 Apr 2018 - 20:17:29 - 45180 of 45477 San Leon Energy - SLE I think it will be a couple of quid this year. City Chappy - 30 Apr 2018 - 20:05:10 - 45178 of 45477 San Leon Energy - SLE Many reasons to be cheerful about the new SLE not least the $19 million per quarter money coming in, free carry on Barryroe with drilling next year, and the stated intention to begin paying dividends and do a 10% share buy back. City Chappy - 30 Apr 2018 - 19:20:01 - 45170 of 45477 San Leon Energy - SLE But then I look at a company like 88E which closed down today yet still with a market capitalisation of £113m inspite of zero revenues and recent drilling producing water instead of oil. I then contrast that with SLE who have £19 million per Quarter coming in just from the loan notes, zero debt, 9% economic interest in OML 18 and 4.5% interest and free carry in Barryroe to be drilled next year. Then I see SLE are intending to return cash to shareholders via dividends and a share buyback, which can only be good for the share price. You would have to be "stupid" to be out of SLE at this point but each to their own.
02/4/2018
20:03
chart trader2000: I can see why the market was less than impressed with Providence's Barryroe farm-out By Gary Newman | Monday 2 April 2018 Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article. Providence Resources (PVR) was once a favourite of AIM natural resources investors and speculators back in the heyday at the start of this decade, when any company finding potentially decent amounts of oil saw its share price rocket. I certainly had high hopes for it back then, especially after its drill in early 2012 which found hydrocarbons and flowed oil at a rate of over 3,500bopd, the third time that its 80% owned Barryroe licence in the Celtic Sea had historically achieved a flow rate from the five different wells drilled there. This led to 311 million barrels of contingent resources being assigned to the prospect and everyone was waiting to see what happened next and which large company was brought on board as a partner. Such was the interest that the share price here managed to remain fairly buoyant even when the prices of other oil shares were crashing around it as the market took a downturn. But months became years and still nothing happened, and at the same time the company suffered from internal problems when founder Tony O’Reilly found himself in financial difficulties, and his son Tony O’Reilly Junior, who took over, continued to burn through cash at a rate that was unsustainable for a company in this position. So, news last week that the company had finally secured a farm out deal for Barryroe should have had long term investors rejoicing. But after seeing the terms of the deal it was hardly surprising that the market seemed not to be overly impressed with the deal, and after an initial flurry of buying the share price dropped back to finish up around 15% on the day, and the shares are currently trading at around 11p to buy. To me the terms of the farm-out seem to be more along the lines of what you would expect for a licence area that was purely at the early exploration phase, and certainly not for one where there had already been several discoveries, completed flow tests, and a large amount of contingent resources already attributed to the prospect. The deal was done with a Chinese consortium of private companies, led by APEC Energy Enterprise and its strategic partners, China Oilfield Services and JIC Capital Management, and that also seems to have made the market wary as it is unproven when it comes to operating in this part of the world. The farm-out will also need regulatory approval, and it has been suggested that may not be signed off until later in the year, assuming it is given the go-ahead. The deal will see APEC take a 50% working interest in Barryroe, and in return it will fund 50% of a three well programme (plus sidetracks) as well as paying for the 50% of costs attributable to Providence and its partner Lansdowne Oil (LOGP). Each vertical well is expected to cost around $20 million, with additional costs for any sidetracks. That funding will come in the form of a loan with interest charged at LIBOR plus 5%, and will be repaid from cashflow from production at Barryroe, assuming it reaches that stage. Once it has been repaid, Providence, via its subsidiary EXOLA, will then receive 40% of the cashflow from production. In addition, APEC will receive 59.2 million warrants at an exercise price of 12p, which constitutes around 10% of the company. So as we can see the terms are hardly exactly favourable for Providence, which is giving away a big chunk of the field pretty much just in return for being able to borrow money to finance its share of drilling costs! There is certainly no cash payment to reflect historical costs associated with Barryroe, as you tend to expect in this type of deal, and I would also have wanted to see some sort of cash payment or at the very least a free carry on these three wells. This suggests to me that there was very little interest from elsewhere, and that the company took this deal out of desperation. The upside of course is that should these drills prove up the field and ultimately eventually see it reaching production – albeit a number of years down the line – then the upside from the current market cap of £65 million would be substantial given the likely amount of reserves which would be booked, and daily production rate being achieved. The company does have other projects as well, although none of the scale of Barryroe, and that includes Spanish Point discovery which has 97 million barrels of contingent resources. Providence owns 58% of this, but operator Cairn Energy (CNE), with 38%, has shown little interest in further exploration and appraisal, and as a result the value of the asset has been fully impaired in the accounts. The Druid/Drombeg/Diablo prospects (28% to Providence) on the FEL2/14 licence also look interesting, with Total having taken an option to farm-in to 35% of licence, despite the 53/6-1 exploration well hitting a water bearing reservoir. The deal with Total saw Providence receive $21.6 million. The 53/6-1 well had also been funded via a farmout deal with Cairn Energy subsidiary Capricorn, whereby it got 30% share of the licence and as well as paying for the drill also paid $2.25 million to Providence. So at least some interest seems to be returning to exploration and appraisal around this part of the British Isles, but generally it is still early days in terms of actual development and with limited infrastructure in place, so I think it will be a good few years before we see any oil produced from this area, even assuming that appraisal drilling goes to plan. In terms of cash in the bank, the company is in a fairly healthy position – it had more than €36 million at the last set of interims up until the end of June 2017, with a further $5.4 million since paid from Total, so even allowing for what it has burnt through since then, it will have plenty for its day to day operations. There is even enough to cover its share of some drilling going forwards. But even if you do feel like forgiving the more recent poor performance of the company and think that it can make a success of any of its licences and ultimately either reach production or sell its share of the licence once fully appraised, then I wouldn’t be rushing to buy. We’ve now had the Barryroe farmout news which had been driving interest, and if there isn’t any major news in the shorter term, then I can see the share price drifting lower and certainly chances to get in cheaper than the current share price.
19/1/2018
08:56
chart trader2000: WHAT INFLUENCES A SHARE PRICE Share prices can be affected by a wide variety of issues but the two principal factors are the performance of the company that has issued the shares and the wider environment. Listed companies publish their financial results twice a year. They provide trading updates twice a year as well. These figures and statements give the investment community an insight into a company’s performance. Companies are also obliged to publicly notify any event that could influence their share price, such as a takeover bid or the launch of a new product.These are known as regulatory announcements and they must be made via a regulatory channel known as an approved RIS (Regulatory Information Service) before the information is published anywhere else. For more information on RNS the Exchange’s RIS please click here. Investors can also find out information on a company from external sources, such as the press, stockbroker reports and specialist magazines or websites. If a company is performing well, and is expected to continue to do well, its share price should benefit. Share prices tend to anticipate the future so they can rise if a company has good prospects and fall if the outlook is not promising. Share prices are also affected by the wider environment. If economic conditions are good and expected to continue that way, investors tend to feel confident. Companies are more likely to perform well and deliver strong profits when the economic climate is benign so they are more likely to pay rising dividends. Under such circumstances, demand for shares tends to rise and prices increase; If the economic climate is difficult however, investors may feel nervous. They may worry that a company’s profitability will suffer if economic conditions are difficult. Fears about future profits tend to reduce demand for shares so prices may fall. This means that, in tough times, robust companies can see their share price fall, even if they are doing well. Conversely, companies can benefit from a rising market and their share price may go up, even if the underlying business is lacklustre. Over the long-term however, markets tend to reward robust, well-managed companies and their share prices rise.
05/1/2018
10:18
chart trader2000: zwemnaar1989Today 09:03 No surprise that both Geron and GCUP withdrew their interest. TBH not sure there was much interest in the first place. I believe these are all tactics implemented by SLE to stay suspended. How many days over the last year has this stock actually traded?! With everything so contingent on Mid Western paying back loans and Eroton paying oil money, the uncertainty was never going to help the SLE share price. I'm not too bothered that it hasn't traded as my average is quite a bit higher than 25p! It saves me from checking the share price each day!
06/7/2017
13:22
chart trader2000: 6. SHARE CAPITAL REORGANISATION The Company's share capital now comprises 2,535,589,975 Existing Ordinary Shares each with a nominal value of EUR0.05. The Existing Ordinary Shares have for some time been trading on AIM at a price below their nominal value of EUR0.05 per share. The issue and allotment of new shares by an Irish incorporated company at a price below their nominal value is prohibited by Irish company law and accordingly the ability of the Company to raise funds by way of the issue of further equity has been restricted. In addition, as a consequence of having a very large number of Existing Ordinary Shares, with a very low share price, small movements in the share price can result in large percentage movements and therefore considerable volatility. The Share Capital Reorganisation will reduce the number of shares in issue and result in a commensurately higher share price that will be at a level that the Directors believe is more appropriate for a company of the Company's size and should be more attractive to a greater number of potential investors. Assuming no further Existing Ordinary Shares are issued between the date of this document and the Record Time, the Company's issued ordinary share capital will consist of 61,809,052 New Ordinary Shares after the Share Capital Reorganisation and completion of the Placing and the issue of the Adviser Shares. Impact of the Share Capital Reorganisation It is proposed that the Share Capital Reorganisation will consist of the following steps: (a) each Existing Ordinary Share in issue will be sub-divided into one Intermediate Ordinary Share of EUR0.0001 each and 499 Deferred Shares of EUR0.0001 each; (b) every one hundred Intermediate Ordinary Shares in issue will then be consolidated into one New Ordinary Share of EUR0.01 each; (c) each authorised but un-issued Existing Ordinary Share will be sub-divided into five (5) New Ordinary Shares; (d) no shareholder may hold a fraction of a share and accordingly fractional entitlements arising out of the consolidation under sub-paragraph (b) above will be aggregated into New Ordinary Shares and will be sold in the market after the Share Capital Reorganisation has become effective; and (e) amendment of the Company's Articles to set out the rights and restrictions attaching to the Deferred Shares. Following the Share Capital Reorganisation, although each holder of New Ordinary Shares will hold fewer New Ordinary Shares than their holding of Existing Ordinary Shares prior to the Share Capital Reorganisation, each Shareholder's proportionate interest in the ordinary share capital of the Company will, save for minor adjustments as a result of the fractional entitlement provisions set out below, and save for the dilution attributable to the Placing and the issue of the Adviser Shares remain unchanged. It is only the number of ordinary shares in issue and the effective nominal value of such ordinary shares which will have changed as a result of the Share Capital Reorganisation and, other than this, each New Ordinary Share will carry the same rights and entitlements as set out in the Company's Articles of Association that currently attach to the Existing Ordinary Shares. The New Ordinary Shares will rank equally with one another. As further detailed below, the Deferred Shares will have no valuable economic rights. Additionally, the Share Capital Reorganisation will not have any impact on the Company's net assets as no material change in the total aggregate nominal value of the Company's issued share capital will occur. Following the Share Capital Reorganisation and Admission and assuming no further shares in the Company are issued after the date of this document, the Company's issued share capital will consist of 61,809,052 New Ordinary Shares and 1,265,259,397,525 Deferred Shares. Application will be made to AIM for the New Ordinary Shares to be admitted to trading. The last day of trading on AIM for the Existing Ordinary Shares is expected to be 15 July 2015, with trading in the New Ordinary Shares expected to commence at 8.00 a.m. on 16 July 2015.
San Leon share price data is direct from the London Stock Exchange
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