San Leon Energy Share Discussion Threads

[alaric7] 30/4/2019 19:14

'I tell what I will do if the new export facility is put into production this year, I will no longer post here.'
I feel sure that a considerable number of readers on this board, myself included,really now have a bonus to look forward to at the year's end. As we count the additional profits from this investment, the thought that we will also no longer be subject to your daily bombardment of boorish,nasty and prolix drivel is truly a blessing. You will then literally have lived up to your name and be consigned to history,not that you will be remembered long (a day is a long time in bulletin board history). And it will be a very good riddance indeed.

[1historyman] 30/4/2019 15:33

u still haven't answered the oft posed question are u posting as linksdean or links.
I would guess links as nobody in their right mind, of course that doesn't exclude u, wants to post as linksdean.

[1historyman] 30/4/2019 14:53

only a couple of months to the annual report. of course the info will be out of date by six months but remember this is SLE.

[divmad] 30/4/2019 14:45

I see normal service has been resumed

[1historyman] 30/4/2019 14:34

linksdean
22 Dec '13 - 06:09 - 13313 of 47392
0 0 0
dahammy..good to see your still with us mate,great thread and a merry Christmas and new year to all you and yours..atb.....links...............................donk....if I posted what you are asking I could get done..so Im not going to..all I will say is that if you read the turkey rns it states income immeadiately,so turkey is already generating income..whose not to say sle cant fund various developments with this income and part of the funding when they have a deal with UOS..in all their data rooms in Poland majors such as bp/shell/exxon still go in all of them etc etc..so I wouldn't wyite anything off..if lewino is a hit which there could be a good chance any major coming in would have to pay big bucks to jv/farmin..that monies could be used to further Poland..seikeikl their is already massive infrastructure nearby and depends on how far sle are from main lines..scincy its in halis court,but to be on the safe side I would have thought sle would have to be thinking ahead..they usually are..alpay no doubt has a legal obligation to sign over..would expect it all done and dusted soon its in his interest..links

[1historyman] 30/4/2019 14:22

I personally believe strongly in new way of doing things, thinking out of the box and being creative. For instance, within our asset because its a brown field- old asset we produce oil and water and everything is pumped to the terminal.

We told ourselves why are we doing this because what they charge as tariff on the pipeline is the liquid and the total volume we put in the pipeline- both the crude and the water. So, why are we paying to export water from our field to the terminal?

Why don't we take out the water within our field and inject it for pressure maintenance? And we will impact on that. Hopefully before the year runs out, we will be injecting it into some reservoirs that we have identified which will save us cost. It will save us about $3.20 we are paying now as tariff for any barrel of liquid. So, imagine that.

Eroton
2018

.................

yep, imagine that. that being the quoted production figures includes the water sent to the Bonny Terminal. guess the new export facility won't include the water ?
I guess it was an oversight of SLE's behalf not to mention the fact.

[1historyman] 30/4/2019 14:17

OF, I was about to post that u need to send more canon fodder and it arrived before I could post, 1413, 1414, 1415.

[1historyman] 30/4/2019 14:15

alaric7
30 Apr '19 - 13:04 - 47388 of 47390
0 0 0
OMG historyman, you have surpassed yourself this time. what is this - a lesson in finance for people afflicted by congenital idiocy?

………;……̷0;……R30;…….

yep it was meant for u and links, good spot, there is hope, not a lot though for u yet. I tell what I will do if the new export facility is put into production this year, I will no longer post here.
don't they need one of those floaty things ? a FPSO is the technical term.

[alaric7] 30/4/2019 13:42

i think everybody here is well aware of the past production issues afflicting us in OML18. these are already double counted in our discounted share price the key for me now (and the reason why the news in January of Eroton's hugely improved financial health was so important for us)is how the steps to mitigate these issues have been progressing. as well as new drilling activity, installation of LACT units and workovers, this importantly includes the new pipeline export facility, which is scheduled for completion before the year-end. this project is of course the single most important factor, which will impact our performance over the next 12 months.i hope current production has improved but am less concerned about actual numbers here if i can see the new pipeline commissioning on the horizon.

[alaric7] 30/4/2019 13:04

OMG historyman, you have surpassed yourself this time. what is this - a lesson in finance for people afflicted by congenital idiocy? at least it affords us a fascinating insight into your levels of sophistication. ps. would it make any difference if one was with the Woolwich?

[1historyman] 30/4/2019 11:58

now if u re-mortgaged your house from a fifteen year mortgage to a twenty five year mortgage, if u ignore the fees involved, would your monthly repayment be

a. more
b. less


would u have payed at the end of the mortgage term

a. more interest
b. less interest

[1historyman] 30/4/2019 11:36

u have arrived here as the self appointed punters pal, what's your view on the financials whilst currently there is no oil production ?

[1historyman] 30/4/2019 11:31

why can't u post your view, without posting your view about the poster ?
guess that's the liberal elite view, u must be correct so it follows that everyone else is wrong.

[echoridge] 30/4/2019 11:21

'.....yep, they were hardly going to state they had to re-finance their RBL by extending the terms and paying more interest than the last RBL.....'

Give that man a lifetime achievement award for misleading and/or moronic statements, also known as a Trumpy. You just powered right past the facts as they were patiently pointed out to you in order to share that meaningless word salad with readers. Classic

[johncasey] 30/4/2019 11:03

big news out at KDNC

Highlights from Hastings News Release:

· In principal eligibility for the German Government UFK scheme confirmed for up to USD 140 million (approx AUD 200 million) from Euler Hermes.

· UFK scheme offers concessionary project finance loan terms for a period of seven years.

· Progressing on due diligence on the technical, economic, environmental, legal and special aspects of the Yangibana project.

The confirmation is based on the understanding that a German Tier 1 company will be the off-taker for a minimum of 5,000 tonnes of Mixed Rare Earth Carbonate (MREC) per annum from Hastings' Yangibana Rare Earth Project for a minimum contract period of 10 years. Further due diligence is being undertaken on the economic, technical, legal, environmental and social aspects and the UFK loan application will be subject to final approval by the German Government's Inter Ministerial Committee.

As announced in July 2018, Hastings has exclusively mandated the German bank, KfW IPEX-Bank GmbH ("KfW IPEX Bank") to provide project finance loan advisory services and assist Hastings in relation to securing approval from Euler Hermes Aktiengesellschaft ("Euler Hermes") for the UFK Cover. KfW IPEX-Bank, a wholly owned subsidiary of the KfW Group is a leading German export and project finance specialist with significant experience in the debt financing of mining projects worldwide.

The Yangibana Project involves the development of Rare Earth's deposits rich in neodymium and praseodymium, elements vital to permanent magnets that provide many critical components of wide-ranging high-tech products, including electric vehicles, renewable energy wind turbines, robotics, medical applications and others. The development of this project is expected to bring benefits to the Gascoyne, Carnarvon and Meekatharra regions of northern Australia including through employment and business opportunities. The Yangibana Project aims to be the next significant producer of neodymium and praseodymium outside of China.

[1historyman] 30/4/2019 11:02

it's not as if the company has any previous, how many of those statements came to pass.

[1historyman] 30/4/2019 11:02

Cruncher1
Date posted 2017-06-30 16:33
Subject Historical Fanning RNS statements
Votes for this Posting Voted UP 100 times.


Message
16 Sept 2010: “Careful planning, expertise and precise engineering will unlock the enormous potential of Tarfaya of up to 50 Billion barrels of oil, to the advantage of all.”

30 Sept 2010: “Shareholders can very much look forward to the future and a portfolio which we are confident will deliver value”

1 Nov 2010: “look forward to developing our assets in order to bring value for all our supportive shareholders."

3 Nov 2010: “confirms our drive to early production in Poland”

7 Dec 2010: “Our focus now turns to commercialising and developing these assets”

22 March 2011: “Ten wells are being drilled before the end of this year, some of which have the potential to be company makers”

3 May 2011: “This is a testament to San Leon's ability to capitalise on opportunities when they arise . . . Will allow us to map a very exciting one billion barrel oil target”

23 June 2011: “our knowledge base and expertise is geared towards delivering near term value for our shareholders"

30 June 2011: “will continue to generate significant value for our shareholders"

31 Jan 2012: “This provides San Leon with a unique and unrivalled pool of knowledge that will accelerate the development of our assets and grow our company further for the benefit of all our stakeholders”

14 Feb 2012: “our strategy to focus on near-term production to generate cash flow”

5 July 2012: “This deal further solidifies San Leon's commitment to developing significant oil and gas reserves in Poland in the near term"

16 July 2012: “a very exciting development for us with the possibility of generating near term cash flow”

29 Aug 2012: “This should help us to accelerate early exploitation and commercial production of this world-class resource."

18 March 2013: “quickly take the project from exploration to development"

30 May 2013: "Results of these tests have been as good as we could have expected and go a long way to building what could be regarded as a Bakken-type resource play”

28 June 2013: “we continued to add value to our key exploration projects . . . The next twelve months will be the most important in the Company's history as we test our major plays and success in any of these projects could prove transformational for the Company"

25 Sept 2013: “expected to make San Leon cash flow positive across the Company's entire portfolio of assets by Q2 2014 and to deliver significant cash flow by Q4 2014 … negating the need to come back to the market for further funding."

30 Sept 2013: “will also create significant value for shareholders through generating cashflows”

27 March 2014: “further validation of our technical and financial commitment to unlocking the significant reserves that exist across our extensive acreage position"

14 April 2014: “We are now on the verge of production and cash flow in our core operating area, Poland"

30 June 2014: “the Company is now poised to move from exploration to production”

21 Aug 2014: “"The Company continues to farm out assets and drill wells to progress towards production and cash flow … Our Timahdit oil shale project continues to show its long-term potential to generate up to 11,000 bopd for 30 years”

30 Sept 2014: “The pipeline of well activity over the coming months (eight wells already confirmed and a further three anticipated in Poland, with one well already drilling offshore Morocco), including the targeting of near-term production, puts the Company in a strong portfolio position . . . San Leon is now well-positioned to target cash flow from production and generate value from asset transactions”

25 Feb 2015: “This well is transformational for the Company”

1 June 2015: “The funds will help transform San Leon into a cash-generating producer, and will bring other assets towards development. The three existing assets expected to generate cash in the coming years (Rawicz, Siekierki and Barryroe) will be the foundation for significant growth and the creation of shareholder value"

30 June 2015: “2014 saw San Leon move considerably closer to its production and cash flow goal . . . positioning San Leon for near-term production . . . Our Company is now poised to generate cash flow from 2016, starting with the Rawicz gas field, followed by Siekierki, and then joined in 2018 by the Barryroe oil field, offshore Ireland . . . enabling San Leon to transform into a near-term cash-generating producer”