San Leon Energy Share Discussion Threads

[o1lman] 24/11/2016 15:57

I did post this when the price was 13p, what were u doing, I know posting about links.

[o1lman] 24/11/2016 15:51

what have u been doing, posting sh1te about SLE.

[o1lman] 24/11/2016 15:50

I did post the charts above to the Malcy board, oh dear.

[o1lman] 24/11/2016 15:49

two shares trying to break out, will they won't they ? SOU the highest risk share in the portfolio.

[o1lman] 24/11/2016 15:47

I can't make the chart any smaller to fit on the page but I don't see the link ?

[o1lman] 24/11/2016 15:42

I really miss links, I wonder why he doesn't post here anymor ? he used to cheer me up no end with his tales. I remember him posting he had managed to get his average price down to 200p then it fell to 30p, that really cheered me up.

[o1lman] 24/11/2016 15:38

the reason links doesn't post here any more he sold at the equivalent of £38, it took him several years to remember, it's so easy to forget something like that.
Where as u sound really desperate and seem to blame me for your desperation, guess the penny has dropped about Nigeria, if u have a big salary and a shed load of options its win, win, unlike the pi's where it always has been lose, lose.

[o1lman] 24/11/2016 15:32

my behaviour against SLE has nothing to do with money, it's my new hobby the cheapest one I've ever had, my new hobby is centred around two reasons both of which u know but can't except, oh dear.
time for T7 to make an appearance.

[o1lman] 24/11/2016 15:27

linksdean224 Nov '16 - 15:26 - 28663 of 28664 0 0
links didn't lose £90k either

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how do u know that ? it's not as if u are links, go figa tee hee.

[o1lman] 24/11/2016 15:22

Global AssetsPoland Overview
Poland
San Leon holds a significant position in the Polish oil and gas market with interests in multiple licences, across several basins/provinces, and the potential for substantial revenue generation through both conventional and unconventional assets.
Basin Net Acres Net km2 Licences


Baltic Basin 294,112 1,190.23 2
Fore Sudetic Monocline 799,792 3,236.6 5
Permian Basin 138,997 562.5 2
Carpathian Basin 279,326 1,130.39 2

[o1lman] 24/11/2016 15:19

this is my last comment for a while on the subject, I never lost 90k, jedi suffers from the same problem as others on this board and made the topic up, think he got confused between me and someone who actually posted they lost 90k.
IF I lost 90k on SLE, I didn't but lets pretend that I did.
my portfolio is always equal weight so if I bought 100k of SLE, I wish !! it stands that I bought a 100k of NPE and made 250k so I would still be 150k to the good.
If only.
Of course let that be a warning to others that sl1nky doesn't find it surprising that anyone could lose 90k with SLE shares !!

[o1lman] 24/11/2016 15:15

jedi39 9 Dec'14 - 17:08 - 26584 of 26585 0 0

ct how much of your £90,000 have u left?

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there's your problem > the reading age of a five year old and the inability for what you read to reach your brain.

[o1lman] 24/11/2016 13:52

on past history not a positive if confident is included in the statement.

[o1lman] 24/11/2016 13:50

Outlook

This has been a period of intense activity for the Company as we look to continue to deliver our strategy and prove up our extensive shale gas and conventional acreage; and during this period of intense activity the Company has made significant progress.

Our drilling programme has continued to deliver with successful results seen in both the Baltic and the Southern Permian basins in Poland, further proving up the plays and potential of these regions. The Company has also continued its policy of managing risk with the conclusion of the farm out process in Morocco, bringing in Genel and Cairn whilst still retaining significant exposure to the upside potential. Other farm outs are currently on-going and the Company hope to be able to announce similar deals in the near future.

San Leon has built up a highly attractive portfolio of assets across Europe and North Africa and is one of the leading shale gas players in Europe by acreage. Whilst shale gas remains uncertain for many, the Company believes that there is incredible potential across Europe and is confident that it will become a significant resource in the future.

San Leon is ideally placed to maximise this, whilst also having a portfolio of conventional assets which again hold significant potential. The Company's strategy is to prove up these assets, whilst continuing to manage risk across our portfolio and deliver value to our shareholders. San Leon has the assets, the technical expertise and the partners to deliver this.

[o1lman] 24/11/2016 13:48

Settlement with Avobone

On 7 November 2016, Avobone N.V. and Avobone Poland B.V. ("Avobone") (together, "Avobone") and San Leon Energy Plc ("San Leon") settled a number of ongoing disputes between them and between Avobone and certain of San Leon's subsidiaries, including Aurelian Oil & Gas Limited, Aurelian Oil & Gas Poland Sp. z.o.o, Energia Zachod Holdings Sp. z.o.o and AOG Finance Limited, in Poland, Netherlands, Ireland, England & Wales in respect of various matters including a final award in an ICC arbitration dated 21 May 2015. The total settlement of EUR23.3 million plus interest to be paid to Avobone by San Leon will be paid as follows, with EUR2.0 million being paid by 21 November 2016, EUR8.0 million by 28 April 2017, EUR8.0 million by 16 October 2017 and EUR5.3 million by 30 December 2017. Interest will accrue at a rate of 5% per annum on instalments until paid.

The provision made in the 2015 audited accounts for the Avobone dispute was approximately EUR20.6 million. The difference been the settlement figure and the provision is due to interest, exchange rate fluctuations, and further legal costs.

San Leon is confident that this settlement will not affect the previously-announced capital distribution policy, whereby 50% of free cash flow from San Leon's interest in the OML 18 asset will be returned to shareholders via either share buybacks or dividends for five years.


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oh yes it will if the Irish court considers that the creditor Avobone will be put at risk, could be 2018 before they get permission. a lot of water to flow under a lot of bridges before they get consent ?

[o1lman] 24/11/2016 13:30

looks as that's the reason for the sale IMO, otherwise the Irish court may think it's some giant ponzi scheme.

[o1lman] 24/11/2016 12:34

The Company is well-advanced in reviewing the steps required to effect a capital reorganization which is required to allow such distributions.

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until they carry out the above SLE are not allowed, by law, to pay any dividends, so maybe best to wait to see if they do/don't. if they don't they can still carry out share buybacks.

[o1lman] 24/11/2016 11:58

Let's make a price.
I'll give you all of ten francs,
Just think of that!

It pays a debt

Just think of that

What can I do?
It pays a debt.
Ten francs may save my poor Cosette!