San Leon Energy Share Discussion Threads

[o1lman] 22/12/2016 16:42

the most delightful thing about this board no one wants to be linksdean not even linksdean, after many years he realised he's posted a mountain of sh1te and doesn't want to be associated with it, oh dear, how sad but strangely wonderful.
did u enjoy your mini break, when's the next one planned for ?

[o1lman] 22/12/2016 16:39

Wonder how LSD'S long term average is holding out - think it was about £2. Poor sod. Never mind.

...........


that's his Alice in Wonderland price, nothing like his real average.

[o1lman] 22/12/2016 16:38

thought that was a good result to close just light of 6% down, one of their better days.

[o1lman] 22/12/2016 16:36

u are confusing him with linksdean ? who doesn't post here anymore, I'm sure someone called him a merchant banker.

[panadin] 22/12/2016 16:27

Witheco: have you ever considered becoming a merchant banker? you seem so definite in your views that you could potentially save the bidders lots of time and money - or maybe you don't want to be in that 'jean' pool.

[panadin] 22/12/2016 16:25

Witheco: have you ever considered becoming a merchant banker? you seem so definite in your views that you could potentially save the bidders lots of time and money - or maybe you don't want to be in that 'jean' pool.

[witheco] 22/12/2016 16:14

So Triple7 will you be happy with 80p? Looks like Tosca is?

[triple seven] 22/12/2016 15:58

But they don't want them,otherwise they would have.Unbelievable. Waste of a text.

[mr genel energy] 22/12/2016 15:33

instead of paying £480m for San Leon...

they would be better bidding for GPX which has assets worth £250m and guess what they would be partners with their chinese friends SINOCHEM.

they could easily bid £150m for gpx.

[witheco] 22/12/2016 15:17

'Suggest certain DD phases have already taken place'Wonder if the pipeline in Turkey cropped up in them certain DD phases?

[o1lman] 22/12/2016 14:58

honestsidToday 11:15 Look like no-one believes a word this company says. I wonder Why?

Only ones "lovin it" yesterday were the over excited day traders, most of them have been shafted today.

Good day for stockbrokers and others trying to shift "dog stock" before Christmas Hollidays.

Have a genuine Christmas. LOL

[witheco] 22/12/2016 14:56

Another one for the fruitloop dictionary. Yeah. Amazing how they all speak the same language, must have originated from the same isolated region and jean pool.

[o1lman] 22/12/2016 14:35

when SLE pulled yeah pants

[witheco] 22/12/2016 14:32

Tell me ELRICO would u cough up 480m for ..... ? Tosca wants to dump it - tick80p a nice easy number for the stupid to latch onto - who took the bait? What you needed to pay attention to is 'significant uncertainties' - that's the latch word in this communication that hides so much that Tosca and SLE don't want to tell u yet....

[o1lman] 22/12/2016 14:23

I wonder if the SLE board will correct the assets listed on their web page, it makes them appear to be a company worth taking over. will be very embarrassing if a company does due diligence then discover that most of the assets are a figment of someone's imagination.

[elrico] 22/12/2016 14:21

Talks sense man or shut up. To have put a price of 80p on the table suggest certain DD phases have took place. Surely even someone of your mindset must realise this. Perhaps you have a chip on your shoulder from the days when SLE pulled yeah pants down and find all the ramping you did let to nowt!

[witheco] 22/12/2016 14:15

That price target included the now disposed polish poznan/rawicz assets - 12M. So what do they have left? - slithers of a slice of production revenues in the constantly unstable Nigerian fields. And doesn't look palomar are interested in another drill any time soon of which I believe SLE was owed 2 more when they initially gave them drilling rights - very charitable man is fanny, selling off at mates rates - Let's not mention diamond dogs which chewed up the cheque for the Irish Sea interests. All in all bought at top dollar and sold out for a penny. Doubt the Fu King oil company are going to be as stupid - but looks like Tosca wants to dump this as quickly as possible. I guarantee it won't be 120p, 100p.

[o1lman] 22/12/2016 14:15

after the TOSCA announcement the number of sellers jumped to 720k shares

[elrico] 22/12/2016 13:57

Sounds like TOSCA may want to force through the bid, possibly at a premium to 80p indicative offer.

[tonysss13] 22/12/2016 13:48

PRESS RELEASE

22 December 2016



Toscafund acknowledges the approach for San Leon Energy



(London, 22 December 2016): Toscafund Asset Management LLP ("Toscafund") acknowledges the San Leon Energy plc ("San Leon Energy") (LSE: SLE) response to press speculation that "confirms that Geron Energy Investment is a party to the Offeror and the indicative offer price from the Offeror was 80 pence per share." Toscafund also acknowledges that San Leon Energy states that "talks are at a preliminary stage and there are significant uncertainties as to whether or not the matter will proceed further."



Toscafund is a longstanding shareholder in San Leon Energy with a current holding representing 55.97% of the issued share capital. Toscafund has requested that the board of San Leon Energy respects and engages in discussions with the potential Offeror to assess its approach.



Toscafund notes that the only two comprehensive external research notes covering San Leon Energy were issued in September 2016 by Whitman Howard and share price Angel and set a target share price of 130p and 100p, respectively.



Martin Hughes, Toscafund's Founder said:

"It is evident that San Leon Energy has attractive oil and gas development assets in Africa and Europe and it is therefore no surprise to have attracted a possible offer. Toscafund looks forward to the board of San Leon Energy engaging with the potential Offeror in order to reach an amicable and speedy resolution."

[o1lman] 22/12/2016 12:35

itsriskythat
Today 11:14 The bid triggers conversion of the warrants and options - directors awarded themselves 11.0 million options at 45p, and Toscafund took 10.0m warrants at 25p, then there's the broker Brandon Hilll capital, as well as the service company Robin Management. Yes, the number of shares balloons on a bid.