San Leon Energy Share Discussion Threads

[witheco] 23/11/2020 09:17

HELLO, JUST TO LET YOU KNOW ITS JAM TOMORROW LIKE IT WAS YESTERDAY AND IS ALWAYS, HAS ALWAYS AND WILL BE ALWAYS. KEEP SHORTING IN THE MEANTIME. THANKS.

[1kempton] 23/11/2020 07:30

23 November 2020

San Leon Energy plc

("San Leon" or the "Company")

 

Update on investment in Oza Field, Nigeria

 

Further to its announcements of 1 September 2020 and 2 November 2020 regarding its proposed investment in Decklar Petroleum Limited ("Decklar") and the Oza Field in Nigeria, San Leon announces that the parties have agreed to an additional three week extension to 14 December 2020.

 

As was the case with the previous extension, worldwide restrictions in place to slow the spread of Covid-19 have presented certain logistical challenges.  However, good progress has been made with the final drafts of all remaining conditions precedent in the Subscription Agreement currently being reviewed by the parties.  In particular, the trading subsidiary of a major oil company, which along with a local Nigerian bank, is to provide a five year term debt to Decklar has provided written confirmation setting out the remaining steps that it is addressing prior to completion. 

 

The terms of the transaction remain unchanged and all parties remain committed to bring it to a conclusion as soon as is practical.

 

[1kempton] 23/11/2020 07:29

23 November 2020

San Leon Energy plc

("San Leon" or the "Company")

 

Update on investment in Oza Field, Nigeria

 

Further to its announcements of 1 September 2020 and 2 November 2020 regarding its proposed investment in Decklar Petroleum Limited ("Decklar") and the Oza Field in Nigeria, San Leon announces that the parties have agreed to an additional three week extension to 14 December 2020.

 

As was the case with the previous extension, worldwide restrictions in place to slow the spread of Covid-19 have presented certain logistical challenges.  However, good progress has been made with the final drafts of all remaining conditions precedent in the Subscription Agreement currently being reviewed by the parties.  In particular, the trading subsidiary of a major oil company, which along with a local Nigerian bank, is to provide a five year term debt to Decklar has provided written confirmation setting out the remaining steps that it is addressing prior to completion. 

 

The terms of the transaction remain unchanged and all parties remain committed to bring it to a conclusion as soon as is practical.

 

[alaric7] 21/11/2020 22:50

thanks kempton - just another great value accretive deal by Oisin and you can believe that Joel will have been over the data with a fine toothcomb. what a smart MO they've created here - can't wait to hear more.

[1kempton] 21/11/2020 22:28

hxxps://investors.decklarresources.com/senior-analyst-projects-explosive-upside-dkl/

From ii..

[1kempton] 21/11/2020 16:51

Great post Alaric, says it all, the field holds many formations that havent been tested and ones that havent been brought into production, some quite large when you look at the fox Davies pdf.......

[alaric7] 20/11/2020 22:47

nothing happening here? really? well some people do have short memories. we have the new ACOES being commissioned anytime and of course we now have a share in it (to remind it resolves OML18's pipeline losses at a stroke).another great deal by the company is their much heralded 'loan to own' investment in the Oza Field due to close shortly. to remind these were the deal highlights:

· Initial US$7.5 million loan to Decklar, 10% per annum coupon;

· 15% equity interest in Decklar, with an option to increase to 30% equity interest based on drilling results;

· Decklar is the Risk Service Provider to the operator of the Oza field, onshore Nigeria, having exclusive rights to develop the field with the operator;

· Cash sweep in San Leon's favour until loan and interest repaid; and

· Attractive fiscal terms on licence and existing infrastructure in place.

so as well as being one of the few outperforming oil stocks over the last 12 months, looks like quite a lot has actually been happening, as promised by our ceo.

[ceteris paribus] 20/11/2020 07:21

2nd Short Campaign here is already going in the right direction, need further downward pressure which eventually will come with time as the value of the firm is steadily leached into the value of the directors households.

[witheco] 19/11/2020 19:06

Turned out nice again I see

[1kempton] 17/11/2020 07:25

hxxps://oilprice.com/Energy/Crude-Oil/A-Major-Oil-Rally-Could-Be-On-The-Horizon.html

[witheco] 16/11/2020 11:41

Nothing happening here.

[1kempton] 16/11/2020 10:42

hxxps://oilprice.com/Energy/Crude-Oil/China-Is-Rapidly-Expanding-Its-Oil-Resources-In-Africa.amp.html

[1kempton] 15/11/2020 13:54

Yep!!!!!dividends!.

hxxps://www.malcysblog.com/2020/06/core-finance-ceo-interview-oisin-fanning-of-san-leon-energy

[alaric7] 15/11/2020 10:08

excellent analysis echoridge. it's been a wait for sure but the fundamentals of the underlying story here remain unarguable. the company's cash rich 'loan to own' model now gets rolled out in a very focused way to add further revenue generating assets in the Niger Delta, a region they have become deeply expert in. this is a unique story in AIM hydrocarbons plays and it is one that remains, for now, massively undervalued.

[echoridge] 13/11/2020 17:11

With the pipeline/fso evac system coming on stream soon, from which sle get the proverbial triple-dip of immediate increase in production yields from OML18, entirely new revenue stream from third party use and of course the future balance sheet bump from upgrading the value of a hugely valuable asset the company 'loaned-to-own' 10%, the share price looks increasingly headed back towards 30p. Otherwise, there will be simply too much upside for the right kind of informed investor with a bit of dough burning a hole in their pocket to resist.

[echoridge] 13/11/2020 16:32

on your left

[echoridge] 13/11/2020 14:52

psssst. watch your back(s)

[witheco] 13/11/2020 14:48

Didn't take long for it to go the right way.