San Leon Energy Share Discussion Threads

[mervin4] 30/4/2018 19:27

SLE also have an exclusive right to provide oilfield services on a >$1 billion work programme covering OML 18 which in itself will bring in more revenues regardless of the outcomes. Almost like hedging their bets.

[mervin4] 30/4/2018 19:23

charttrader2000 please would you omit the silly message images.

[city chappy] 30/4/2018 19:20

But then I look at a company like 88E which closed down today yet still with a market capitalisation of £113m inspite of zero revenues and recent drilling producing water instead of oil. I then contrast that with SLE who have £19 million per Quarter coming in just from the loan notes, zero debt, 9% economic interest in OML 18 and 4.5% interest and free carry in Barryroe to be drilled next year.

Then I see SLE are intending to return cash to shareholders via dividends and a share buyback, which can only be good for the share price. You would have to be "stupid" to be out of SLE at this point but each to their own.

[city chappy] 30/4/2018 19:04

I think it will be a couple of quid this year. Lets see.

[city chappy] 30/4/2018 18:52

Your're becoming a bit preoccupied.

People buying now are doing so because they rightly see an investment opportunity, particularly with the company's stated intention to begin paying dividends and undertake a share buy back.

[city chappy] 30/4/2018 13:02

Planning to start paying a dividend and do a 10% share buy back apparently.

Got to be worth a couple of quid.

[city chappy] 30/4/2018 13:02

Planning to start paying a dividend and do a 10% share buy back apparently.

Got to be worth a couple of quid.

[czar] 30/4/2018 11:29

Gradually the market is waking up to the real value here which is comfortably over £1. Picked up a bit more this morning.

[triple seven] 30/4/2018 11:21

Happy days

[chesty1] 30/4/2018 09:35

Boom blue!!!!!!!!!!

[mervin4] 29/4/2018 19:32

CC would you mind omitting the silly quotes and images. Lets have a serious sharing of informaiton and views without the other noise. No one is asking you to stay if you feel bad about something. As for any warrants, so what. Any warrants exercised would bring in further cash to SLE.

I personally think SLE looks attractive. $19m per quarter to SLE (at least 50% which will be returned to shareholders), zero debt, Barryroe to be drilled next year at no cost to SLE, Nigerian Bonny Light crude at $74/barrel, a resource upgrade expected on OML 18 any day now, and a small retained interest in Poland, makes it look interesting.


Mervin4
29 Apr '18 - 19:20 - 45148 of 45151 Edit
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Perhaps the outstanding $168.6 million of principal loan plus interest still owed by MLPL to SLE will be repaid as follows:

1 Jul 2018 = $19m
1 Oct 2018 = $19m
1 Jan 2019 = $19m
1 Apr 2019 = $19m
1 Jul 2019 = $19m
1 Oct 2019 = $19m
1 Jan 2020 = $19m
1 Apr 2010 = $19m
1 Jul 2020 = $16.6m

Total $168.6m

As 50% of the payments will be returned to shareholders, it makes SLE a cash cow.