San Leon Energy Share Discussion Threads

[witheco] 10/2/2017 12:52

Regardless, SLE have not announced that they have been paid for production. We know that there has been severe disruption in the past months from other sources in the consortium. I would probably ascertain facts based on what has been reported as happened rather than what has not been reported that was supposed to happen.Let's face it - SLE hasn't produced or cleared any income from the deal it has signed up to. It is still facing huge calls from debtors for the short and medium future vastly disproportionate from cash it will be able to claim. Ultimately it will not be able to function, unless of course it received support from a charitable donor. We know there is only 1 available donor and we know that they are not renowned for sharing. Conclusion - hit the road, Jack!

[czar] 10/2/2017 09:06

Nobody should be surprised that Tosca is buying, we should be surprised that some small shareholders are selling. Martin Hughes gave us a perfect steer as to what this company is worth, and he is in a better position than anyone to know what level a bid will succeed, he will make the final decision. It just could not be clearer:

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."

[triple seven] 10/2/2017 08:28

It's Friday and I need a good laugh,can you remind me how much you lost CT again?Was it ninety thousand pounds ?It's not Ho dear, it should bePoor Dear. happy days

[triple seven] 09/2/2017 21:07

The man's lost the plot big time. Sad very sad