San Leon Energy Share Discussion Threads

[1historyman] 20/8/2019 15:41

29/06/16

asset write-offs 166.9mill

50% of free cash flow to be returned to shareholders over 5 years

Jeremy Boak NED resigns.

total loss for year 213.6m.

cash at end of year 0.9m.

It is envisaged that at least three wells including R12 and R15
will be available for early production in 2017.

[1historyman] 20/8/2019 15:34

07/04/16
NOMAD resigns

[1historyman] 20/8/2019 15:33

07/04/16

Rawicz15 flowed at 3.6 million cubic feet per day.
Shut in for pressure analysis.

[1historyman] 20/8/2019 15:28

22/01/16
Nigerian onshore production deal and Temporary suspension of shares.

San Leon will receive a minimum of 65% enhanced cash sweep of Martwestern's
production proceeds from OML18.

[1historyman] 20/8/2019 15:27

21/01/16

termination of possible offer discussions.

[1historyman] 20/8/2019 15:26

06/01/16
Rawicz 15 well completed.

the reservoir is interpreted as being of slightly better quality than that in
Rawicz-12

full well test in 2 weeks time.

[1historyman] 20/8/2019 15:23

05/10/15

next step in the development of the Rawicz field..... Rawicz 15
In addition to providing a second production well etc. etc.

19/11/2015
announces the spud of Rawicz 15.

[1historyman] 20/8/2019 15:20

30/09/15

result of Laayoune-4 well (formerly known as El Aaiun-4)

Elevated gas readings...…. providing good evidence of overpressured nature of the formation.

OF

we are very pleased with the results of Laayoune-4 well...……;……̷0;
leads naturally to applying for a new eight year licence in the area
etc.etc.

[1historyman] 20/8/2019 15:14

21/08/2015

spud of El-Aaiun-4 Morocco, only 14km from a gas market

24/08/15

takeover speculation, possible offer.

[1historyman] 20/8/2019 13:17

the proposed recent placing will enable the company to drill a well in Albania using an onshore location to target an offshore oil target.

[1historyman] 20/8/2019 13:00

30 June 2015 Rawicz12 the largest gas development in Poland for 20 years.
Lewino-1G2 horizontal multi-fracced well, farm out discussions ongoing.
3 well programme. Niwiska the third well was put on hold due to the low
oil price.
Timahdit MOU signed with Chevron Lummus
SM1 offshore Morocco recovered high quality oil. Evaluation work ongoing.
Total assets 281mill, follow the story to see what happened to the assets.
no jumping ahead now.

Placing raised 29 mill to bring Rawicz gas field online
in 2016.

[1historyman] 20/8/2019 12:53

Cruncher posted the history up to 30 June 2015.
I will continue with the history from then. a warning
not for shareholders with a nervous disposition.

[1historyman] 20/8/2019 12:51

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”

[1historyman] 20/8/2019 08:42

Callasjunkie
Posts: 432
Price: 33.00
No Opinion
RE: In Fanning we trust: Part 2
18 Aug 2019 19:07
I'll ask again....
Why has the price kept dropping for the past 2 months given that the fabled pipeline and FSO, is according to yourselves, imminent?
Second, as you both assume you have better knowledge than I of the progress of this fabled project, has a plan been submitted to the Nigerian Minister and advertised as required under law?

[alaric7] 16/8/2019 17:29

usual ton of toxic waste from History to finish the week. readers here would do well not to bother but, if they do, to remember he is not a shareholder in San Leon and has a very different agenda to the rest of us. over time now his projected outcomes for the company have deeply flawed and wrong.

[1historyman] 16/8/2019 17:07

today's quiz.
just for dein.

When is an Irish backstop not a backstop ?

when it's a PVR backstop.

oh dear.

[1historyman] 16/8/2019 17:06

the latest pipeline, number three I believe after
Turkey
Rawicz
Nigeria.

[1historyman] 16/8/2019 17:06

one day when I can include the update for the latest pipeline, number three I believe
I will update from June 2015, on all the things the company promised but never materialised.

[1historyman] 16/8/2019 17:04

nein, dein what on earth have u imbibed today ?