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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
  +0.50p +2.12% 24.10p 66,280 16:35:03
Bid Price Offer Price High Price Low Price Open Price
23.30p 24.90p 23.00p 23.00p 23.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.29 -63.39 -14.38 120.6

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Date Time Title Posts
10/12/201808:17San Leon Energy46,360
04/12/201816:10San Leon home of the moron635
23/10/201818:47San Leon Energy - The New Positive Thread34,738
02/12/201712:12San Leon618
01/12/201723:46san leon energy51

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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 23.60p.
San Leon has a 4 week average price of 23p and a 12 week average price of 23p.
The 1 year high share price is 37p while the 1 year low share price is currently 20.50p.
There are currently 500,256,857 shares in issue and the average daily traded volume is 831,952 shares. The market capitalisation of San Leon is £120,561,902.54.
chart trader2000: This probably makes a reverse-merger deal with Eroton more likely now as it clearly lowers the cost to midwestern/eroton to do a deal at a higher SLE share price than they might have considered previously. Hopefully, negotiations between the parties continue. bluerill BlackSwan Posts: 826 Opinion: Buy Price: 26.50 RE: Midwestern Significant ShareholderToday 08:36bluerill - Good post - Sun Trust gone - agree with the last two paragraphs of your post - insider strategic and reverse take over. ................. such a shame linksdean will be wiped out after all he's kept me amused for years with his predictions of untold riches, always just out of reach.
chart trader2000: This probably makes a reverse-merger deal with Eroton more likely now as it clearly lowers the cost to midwestern/eroton to do a deal at a higher SLE share price than they might have considered previously. Hopefully, negotiations between the parties continue. bluerill BlackSwan Posts: 826 Opinion: Buy Price: 26.50 RE: Midwestern Significant ShareholderToday 08:36bluerill - Good post - Sun Trust gone - agree with the last two paragraphs of your post - insider strategic and reverse take over. ................ very bad news for linksdean, no wonder he doesn't post here any more.
chart trader2000: This probably makes a reverse-merger deal with Eroton more likely now as it clearly lowers the cost to midwestern/eroton to do a deal at a higher SLE share price than they might have considered previously. Hopefully, negotiations between the parties continue. bluerill very bad news for the LTH's if bluerill is correct but very good news for any new buyers, of course only if he's correct.
chart trader2000: the bull case. This probably makes a reverse-merger deal with Eroton more likely now as it clearly lowers the cost to midwestern/eroton to do a deal at a higher SLE share price than they might have considered previously. Hopefully, negotiations between the parties continue. (very bad news for the LTH's if bluerill is correct) bluerill the bear case. Eroton have no meaningful free cash flow and will not for many a year. Midwestern have traded an asset for shares in SLE, as a SLE shareholder assets have left the consortium but SLE shareholdings are exactly the same but with different shareholder names. With the reduced stake in Umusadege will they be able to borrow more money to pay SLE ? Onajite Okoloko has sold shares in one asset Notore Chemicals and has traded a non quoted asset for a quoted asset, what is his intention ? guess that depends on how much cash or how little cash he has access to. Now if SLE were planning to buy back shares, what a wonderful opportunity it would be for someone who needs to raise cash. GL
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?
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.
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.
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.
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!
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.
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