San Leon Energy Share Discussion Threads

[czar] 02/10/2016 13:27

Thanks triple seven, that 2019 yield of 31.5% has to be worth waiting for and the 19%+ for 2017 and 2018 will provide a great income on the way.

[triple seven] 02/10/2016 10:06

Whitman Howard Estimates:(US$millions) 2016E 2017E 2018E 2019ELoan receipts 32.5 74.5 66.6 53.8Field cashflows3.0 2.3 6.2 88.6OFS revenues 0.0 25.5 31.7 25.2Total 35.5 102.3 104.4 167.5Distributions 17.8 51.1 52.2 83.8Yield @ 45p 6.7% 19.3% 19.7% 31.5%

[triple seven] 02/10/2016 09:50

good to see loads of positive coverage coming in, this time from Whitman Howard - 'We initiated research coverage on SLE just last week, with a target price of 130p and a core NAV (value of immediately visible production and development assets only) of 97p. SLE is rattling the cage in the E&P sector by committing to payout 50% of cash flows from its main producing asset, something that has never been done in the sector, and we should expect to see the fruits of this commitment in coming months.SLE's assets in OML 18 are low cost and production is well established. Infrastructure is all in place, there are relatively easy, low-cost, quick-win production enhancement opportunities...Rating BUYPrice Target 130pUpside/Downside 188%

[czar] 01/10/2016 13:07

Research just out from share price Angel, well worth a read, worth 120p and that looks very conservative (not included are the oil services profits)!!

[witheco] 30/9/2016 21:32

There wont be a dividend in 2016.The wont be early production in 2017 either by PNR.-----------------2 very easy predictions following todays RNS you can set your clock to.

[zebbo] 30/9/2016 21:30

TOSCA could take us out for £1 and keep future divs, thats the risk here

[triple seven] 30/9/2016 21:27

The troll won't answer my question,wonder why?

[zebbo] 30/9/2016 21:25

Based on facst free cash flow 2016 div should be ~4.7p and then rising significantly ...fill yer boots

[triple seven] 30/9/2016 20:39

Go to bed troll,your not wanted here.Can't believe you broke your promise,and didn't leave as promised. Why haven't you?

[zebbo] 30/9/2016 19:44

The comfort private investors can get from today’s announcement by San Leon is the fact Martin Hughes is in the game. You don’t manage $7 billion of people’s money if you are a mug and you certainly make sure you do your due diligence and you are happy with the management of the company, which includes there salaries…̷0;……Oisin Fanning is taking 80% of his in stock remember!!!! - See more at: hxxp://www.shareprophets.com/views/12540/san-leon-energy-serious-due-diligence-now-completed#sthash.KM9csU8e.dpuf

[zebbo] 30/9/2016 19:36

Think I like this thread, great for wind up merchants

[zebbo] 30/9/2016 19:34

Cash flow to San Leon will begin once sufficient funds have accrued in that account, whereupon the Company will initiate its policy of returning 50% of Nigerian free cash flow to shareholders. The Company is well-advanced in reviewing the steps required to effect a capital reorganization which is required to allow such distribution..

Im sure Tosca are up to speed or do we think they have just given away £100M for a laugh