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SLE San Leon Energy Plc

16.50
0.00 (0.00%)
23 Apr 2024 - Closed
Delayed by 15 minutes
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 Shares Traded Last Trade
  0.00 0.00% 16.50 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Crude Petroleum & Natural Gs USD 5.75M USD 40.72M USD 0.0905 1.82 74.24M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 16.50 GBX

San Leon Energy (SLE) Latest News

San Leon Energy (SLE) Discussions and Chat

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Date Time Title Posts
23/4/202409:31San Leon Energy52,403
31/7/202223:27San Leon - all hype & no delivery?134
08/4/202119:51San Leon Energy - The New Positive Thread36,604
23/2/202121:57San Leon Shorters1,145
03/7/202012:12san leon energy52

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San Leon Energy (SLE) Most Recent Trades

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San Leon Energy (SLE) Top Chat Posts

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Posted at 23/4/2024 09:20 by San Leon Energy Daily Update
San Leon Energy Plc is listed in the Crude Petroleum & Natural Gs sector of the London Stock Exchange with ticker SLE. The last closing price for San Leon Energy was 16.50p.
San Leon Energy currently has 449,913,026 shares in issue. The market capitalisation of San Leon Energy is £74,235,649.
San Leon Energy has a price to earnings ratio (PE ratio) of 1.82.
This morning SLE shares opened at -
Posted at 22/4/2024 23:49 by callasjunkie
Sorry, shouldn't have said paid...as SLE haven't a brass farthing, they're one one of the many creditors.
Posted at 11/4/2024 12:07 by plasybryn
RNS:
11 April 2024

San Leon Energy plc

Response to press speculation

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the comments in today's Irish press about a petition by Ocean Pearl Maritime SA ("Ocean Pearl") to wind up one of its subsidiaries, San Leon ELI Limited.



On 10 October 2023, San Leon announced amongst other matters its proposal to acquire a further 13.5 per cent. of Energy Link Infrastructure (Malta) Limited's ("ELI") existing shares from Ocean Pearl for US$12 million. This proposal was part of wider series of investments in ELI which, when completed, will make San Leon the majority shareholder in ELI. Furthermore, this proposal had been successfully negotiated down from the indicative price of US$15 million as set out in the Company's admission document published in July 2022.



It is self-evident that the acquisition from Ocean Pearl was conditional on completion of San Leon's refinancing. Furthermore, as all shares in ELI are pledged to ELI's senior lender, completion of any transfer of shares requires the consent of the lender. The agreement with Ocean Pearl requires the parties to work together to secure that consent. However, to date, Ocean Pearl has made no offer or representations in this regard. Instead, Ocean Pearl has lodged a petition for the winding up of San Leon ELI Limited, which is the member of the San Leon group that contracted with Ocean Pearl.



San Leon considers the petition to be both aggressive and vexatious in nature. The directors of the Company believe that it will have no bearing on the speed at which funding can be put in place and is arguably detrimental to Ocean Pearl's own interests if prospective funding partners object to Ocean Pearl's approach. San Leon has strongly advised Ocean Pearl to withdraw its petition and instead work constructively with the Company towards an expedient completion of the acquisition of its 13.5 per cent interest in ELI. If Ocean Pearl does not withdraw its winding up petition, then San Leon has retained legal advisers to robustly defend and overturn the petition.
Posted at 11/3/2024 08:13 by pastyman3851
Still jam tomorrow, hopefully. The bit that concerned me was, by the end of March and the 2 months to provide the 2022 final results and interim 2023, by which time a month later 2023 final need to be submitted or we'll be suspended again, and that's if they keep.to their own deadlines, which isn't a quality I've seen of SLE in my 13 years here
Posted at 08/3/2024 20:43 by pastyman3851
Some news over on logp on the barryroe issue, know it doesn't mean much to sle, but a win could help a little
Posted at 04/1/2024 14:45 by callasjunkie
WsM812, in a full winding up and if the company was insolvent, ie its creditors exceeded its assets, then it would have extreme ramifications for SLE.
MidWestern's shareholdings in both SLE and MLPL would have to be sold.

However,taking a winding up petition is usually a last resort tactic to get payment. If MidWestern hasn't the funds (and in this situation is extremely unlikely to borrow them from another banking source) Jite Okoloko might stump up. The amount at issue is less than $20m in naire. I think Jite though might have his own problems...Eli Infrastructure, Eroton and Notore all have major finance difficulties and his wife (ex wife?) is pursuing him through the US law courts for a substantial settlement.

A mess is something of an understatement.
Posted at 17/12/2023 13:38 by pastyman3851
It'll probably come to pass, they always seem to be able to do the deal, despite many many delays, and if youve been invested in SLE for more than a couple years you'll be used to their "flexible" deadlines. I've gone through about 15yrs of transformational deals and yet the share price is about 95% less than when I started. I have been rather lucky, when covid hit and this went to 11p I purchased a large holding and then sold it all for 44p, but if I hadn't done that, I would have quite the paper loss.GLA I still have a small holding. But it's more for sentimental reasons than as an investment
Posted at 10/10/2023 11:03 by philby1
Malcy's view:



This is a spectacularly good deal from SLE that way exceeds any expectations I had ahead of the news. Obviously it is a complicated deal as it encompasses TRAM funding SLE and then SLE injecting much needed money into ELI and other opportunities. TRAM will become a shareholder in SLE at 30p plus warrants at 60p.

The Canadian background to the investors means that they are expert in the pipelines business and can see the substantial potential rewards available through San Leon’s position in Nigeria. The ending of the RTO is clearly very good news and shareholders could see the quote restored within a matter of weeks.

I have spoken to Oisin Fanning and will add more tomorrow, I am interviewing him in the morning so we should all get much more detail then and be able to put serious flesh on the bones of this fantastic deal.
Posted at 20/7/2022 14:17 by philby1
Malcy says:

Confirmation of the ELI loan documents having been signed is further good news for San Leon as the loan brings a sensible coupon as well as an investment in ELI. Final approvals just waited on now and in due course the SLE share price will rise significantly.
Posted at 23/7/2021 00:49 by hpcg
alaric - in a merger neither side gains value, at least until synergies and cost cutting kick in. By definition when two or more parties pool they have agreed what they consider to be a fair share, so the total EV should go up, but our proportional ownership decline. If Midwestern is under some element of financial duress SLE can negotiate harder. Ultimately the market will judge whether the combination is worth more on the SLE share price.
Posted at 25/6/2021 09:29 by a0469514
It is described as temporary but looking at the details, it seems to be a complex deal which could take a while to resolve. It is also difficult to predict, for me anyway, what effect it will have on the SLE share price. I don't suppose they would be looking to do a deal if they did not think it would be beneficial to share holders.Xylos
San Leon Energy share price data is direct from the London Stock Exchange

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