[ADVERT]
Share Name Share Symbol Market Type Share ISIN Share Description
San Leon Energy Plc LSE:SLE London Ordinary Share IE00BWVFTP56 ORD EUR0.01 (CDI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 40.00 - 0.00 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 0.0 -8.6 -2.3 - 200

San Leon Energy Share Discussion Threads

Showing 98926 to 98947 of 99250 messages
Chat Pages: Latest  3958  3957  3956  3955  3954  3953  3952  3951  3950  3949  3948  3947  Older
DateSubjectAuthorDiscuss
11/3/2021
13:06
Imo it's just a brexit thing..
1kempton
11/3/2021
12:36
Maybe some are worried their broker post migration won't be able to process shares or trading. I just called my broker HL and whilst they thought there should be no issue, they couldn't confirm 100% and waiting for specialist team to call me back. Irrespective even if there was an issue, they said they support in transferring the shares to another broker who can. And I doubt HL want to lose any business to a competitor so I'm reasonable confident there will be no issues.
redtrend
11/3/2021
11:24
Did I miss something with this Crest announcement? Why all the selling?
bernieboy
09/3/2021
14:50
Good buying today. Only 20k available at 37.5. Where is the stock coming from?
bernieboy
09/3/2021
08:27
Thanks for posting 1kempton. So Oza - being reentered as we speak, with production just weeks away. And the share price doesn't budge?!!!
alaric7
08/3/2021
14:40
hxxps://www.globenewswire.com/news-release/2021/03/08/2188681/0/en/Decklar-Resources-Inc-Announces-Final-Closing-of-Private-Placement-Financing.html
1kempton
07/3/2021
23:20
excellent stuff 1kempton. optimism seems justified and, as this poster on the other board reminds, our ceo and the company's major backer over time are well aligned with all shareholders. 'Very tight free float so any good news and this could really explode Following this transfer Mr Fanning owns 9,495,864 ordinary shares in the Company, representing 2.1% of the issued share capital of the Company.' Further to the above, San Leon announces that it was informed on 22 December 2020 that funds managed by Toscafund now hold 330,570,719 ordinary shares in the Company, representing 73.5% of the issued share capital of the Company.
alaric7
07/3/2021
08:29
Is old Fanny Fart still going and creaming it at your expense.Lemmings and mushrooms only.
ken chung
05/3/2021
18:47
A0469514..yes Shell will have to reimburse eroton these barrels as they will the other companies involved by the looks of the article, regarding sle receiving its share, well put it this way, it opens the door for eroton to issue its shareholders dividends which sle are holders and sle has stated returning 50/60% of capital to shareholders.. And when you think sle are owed $80/100m from loan notes which is due to sle by year end, plus contributions from oza and the fso, the dividend or dividends should be very rewarding to shareholders.. And no imo this is defo not in the share price at the mo..
1kempton
05/3/2021
14:56
1kempton, there are some very interesting posts from you on this thread. You do not get much response but your input is appreciated.Trying to understand what is going on here is quite challenging. If Shell lose the case (or it sounds like they may settle out of court) it sounds like Eroton would collect a very nice windfall. Then, as San Leon hold a 40% stake in Eroton, maybe 40% of that windfall could come down to San Leon shareholders. Am I understanding that correctly? I doubt that possibility is priced in to the shares yet, do you?Xylos
a0469514
27/2/2021
07:10
Eroton are named as one of the companies duped out of its oil…  allAfrica.com – 26 Feb 21 1 Nigeria: Court Issues Criminal Summons Against Shell, Seven Others Over Alleged... A judge of an Upper Area Court in Abuja, Justice Gambo Garba, yesterday issued a criminal summons against Shell Petroleum Development Company (SPDC) of Nigeria and seven of its top Executives over alleged stealing of 16 million barrels of crude oil...
1kempton
27/2/2021
07:09
SPDC should return the missing crude amounting to over 2 million barrels to the affected local oil companies including Aiteo, Eroton, Newcross and Belema Oil."  THISDAYLIVE – 21 Feb 21 Untangling Aiteo, SPDC Oil Theft Saga Business/ ENERGY For a while, insinuations that certain oil companies operating in Nigeria engage in underhand activities in the process of carrying out their businesses had been rife. Emmanuel Add…  allAfrica.com – 26 Feb 21 1 Nigeria: With Over 22 Million Barrels Lost, Nigeria Moves to Checkmate Crude Oil... Nigeria is one of the globally acclaimed oil producers, priding itself mostly in the Bonny Light brand in the petroleum market governed by the Organisation of Petroleum Exporting Countries (OPEC). I think this is about the nctl pipeline not tnp!, so maybe eroton will get their share of this 2mboe… Another issue is reconciliation of oil production figures between operators and the government. This was re-echoed last week when the Department of Petroleum Resources (DPR) in a move to stem the negative trend, pushed that Shell Petroleum Development Company of Nigeria Limited (SPDC), a subsidiary of Royal Dutch Shell, would have to refund about 2.1 million barrels of crude oil from the Trans Niger Pipeline (TNP). The oil industry regulator said it found out that there were faults in the reconciliation process of oil production by the transnational oil company. According to a court order seen by Daily Trust, a federal high court sitting in Lagos had blocked the company’s account in January pending the hearing of the case this month. The company had been indicted by DPR, for allegedly under declaring 2,081,678 barrels of oil between June 2016 and July 2018 through an unapproved metering system, which it used to misappropriate crude and to short-change local operators. Shell’s spokesman, Bamidele Odugbesan, noted that the company did not under-report crude export from its terminal. However, in a Shell letter referenced DMR/CTO/COA/COM/V.5/045 on January 28, 2021 to DPR, it said it will refund the disputed oil volume.
1kempton
25/2/2021
14:11
Wow!! This means that with 350 million barrels recoverable, the profit on the field could be of the order of $12bn, Sle have 4.5%npi on the whole field that’s gas production as well as oil of the the 350mbo, this includes the undrilled lower Wealden and jurasic lower prospects that have not been tested. .plus the licence extension… If the $12billion profit the article plays out sle could stand to make 100s of millions and a 50% return to shareholder would be a bonanza indeed…
1kempton
25/2/2021
14:10
From Phoenix magazine today on pvr blog.. www.thephoenix.ie/article/providence-shareholders-prepare-for-bond-boost/ Providence shareholders prepare for bond boost IT WAS reported in the Business Post recently that Providence Resources’ farm-out partner, SpotOn Energy, had approached the Irish exploration company about a potential merger. This was not too surprising as Providence’s chairman, Pat Plunkett, and CEO Alan Linn had previously outsourced the job of finding farm-in partners to SpotOn rather than doing it themselves. The good news for investors is that the expected €50m bond placement at the end of next month could set a fire under the shares. This would not be surprising given that the company is currently valued at about 1% of its potential €5bn share of the profit from any successful development of the Barryroe oilfield. SpotOn injected £0.5m into Providence last year courtesy of two placings and, in response to press speculation about a merger, Linn issued something of a nondenial denial earlier this month: “We are not currently involved in any merger discussions with any party.” He went on to add, however, that “we will continue to work closely with SpotOn Energy to deliver the necessary funding to develop the world-class Barryroe asset”. Linn did not say Providence has not been approached by SpotOn, simply that he is not involved in any merger discussions. Reading between the lines, if SpotOn can deliver the “necessary funding” for the agreed early development programme (EDP), then it might see little purpose in having Providence just sitting there as a sleeping partner. Rather, it would make sense to merge with Providence and run the whole show. At that stage, Linn would have no obvious central role to play despite being on a generous salary. Linn finds himself tied into SpotOn, much like Tony O’Reilly Jnr and John O’Sullivan were to Apec three years ago, which was supposed to come up with $200m funding for a five-well drilling programme, instead failing to pay even the initial $5m. Plunkett eventually pulled the plug. Why Plunkett chose Alan Linn as the new CEO remains something of a mystery. He is a chemical engineer by training, rather than a geologist or geophysicist. While he did work for major operators like Exxon, Lasmo and Cairn, it was not at a really senior level. In 2008, Linn joined Roc Oil as COO and rose to CEO in 2010 but in 2014 Roc Oil lost €31m and was subsequently suspended from the Australian Stock Exchange. Linn then opted to jump ship and became CEO of the distressed African oil and gas company, Afren, which went into administration in July 2015 and was delisted from the London Stock Exchange. In 2017, Linn moved to Third Energy as COO but “following a strategic review of the business, the decision was made to divest the offshore business and focus on the onshore”. Linn ended up as CEO of the offshore business in July 2019 but exited six months later to join Providence in January 2020. Providence has one significant asset – its now 40% stake in the Barryroe oilfield, which has 350 million barrels recoverable and has flowed on oil on test the five times that it was drilled, most recently in 2012. While Linn is right to focus on Barryroe, it is hard to justify the dumping of all Providence’s deep water Atlantic margin licences simply in order to save money. Linn has no experience or background in the Irish offshore resource sector and as a chemical engineer does not have the academic training to fully understand the rather complex Barryroe field. This helps explain the decision to farm out the development of this field to a third party with more knowledge and experience. It was, of course, Plunkett who was in situ as chairman when Providence raised €70m in a share placing back in June 2016 at a price of 16c and then signed off on the disastrous farm-out agreement with the Chinese Apec consortium. A more obvious choice for Plunkett to have picked as CEO is Steve Boldy, the current CEO of Lansdowne Oil & Gas, Providence’s 10% minority partner in the Barryroe consortium. Boldy worked as a petroleum geologist in the Department of Energy and then spent 19 years with Amerada Hess (now Hess Corporation) as its UK and international explorations manager. In 2013 Boldy joined Ramco, which developed the Seven Heads gas field off Co Cork, just above Barryroe, before moving to Lansdowne in 2006 where, for the last 14 years, he has been studying the Barryroe oilfield. Presumably he could have been poached from Lansdowne, where he is on a salary of only €70,000. SpotOn’s own website asks if you are “looking to sell or farmout your off-shore oil and gas field for development?”. The Norwegian entity claims to have “a new approach to cost-effective offshore oil and gas field development”, whatever that means. CONSORTIUM SpotOn boasts of working with “a consortium of world leading service providers”. One of them we now know to be Schlumberger, an American oil service company that works with an array of operators so the tie-in is far from interesting. SpotOn also claims to be working with the Norwegian oil services investment company, Akastor. OTHER PLAYERS SpotOn does have interests in providing well design and drilling project management, reservoir and field management services, as well as having an interest in the Odfjell Drilling company and Awilco Drilling, which owns some semisubmersible rigs. These are all minority investments . SpotOn also notes an association with the Norwegian engineering firm, Aker Solutions, which specialises in low-carbon emission designs, but again works with a lot of other players. The agreement Linn drew up with SpotOn in April last year offered it “exclusivity until October 31, 2020” to assess the potential of the Barryroe field and agree farm-out terms. The key to this, obviously, was funding, which would make it easy to find a service company and drillers to do the job. By the end of October, however, SpotOn had failed to deliver so Linn allowed a further one-month extension but even by then thegoods had not been delivered. Despite this, Linn went ahead and agreed a 50% farm-out deal with SpotOn, which presumably provided evidence that it was close to securing funding. This reduces Providence’s stake in the field from 80% to 40%. What is understood is that Pareto Securities, a Norwegian investment bank, has agreed to lead but not underwrite the raising of a $50m 10-year bond to partfund the project. On foot of this, the big French bank, Société Générale, is considering a $35m 10-year loan and the Norwegian government will provide a $45m export credit guarantee on the basis of using Norwegian drilling and service companies. DEFERRED FEES On top of this, SpotOn says that its consortium partners will defer part of their fees to the tune of $35m. This appears to bring the total inferred funding to the $165m that SpotOn signed up to. What investors need to ensure is that the key initial $50m bond is in place at the end of next month. With oil prices recovering to $60 a barrel, prompted by the rollout of vaccines worldwide and the predicted economic recovery expected to follow, the odds of this bond being put in place have decreased. What is exciting about this is that according to SpotOn’s feasibility study, the estimated breakeven point for Barryroe is $25 a barrel. This means that with 350 million barrels recoverable, the profit on the field could be of the order of $12bn, leaving the value of Providence’s potential profit share here at close to $5bn. Providence shares are currently trading at 7c, which is 99% off the €7 they traded at back in 2012 when the exploration company had just completed its last successful drilling. The current price values Providence at €50m, which is about 1% of its potential profit share from a successful development on Barryroe. This makes Providence shares look like the most underrated share on the market and they are likely to fly on the back of any confirmation that the $50m bond is actually in place.
1kempton
23/2/2021
21:57
Great find by bluerill from lse. Looks like Panmure snuck out a Price Target increase, 59p to 64pToday 19:22 BUZZ – Oil & Gas: Panmure Gordon remains worried about Tullow Oil; sector outlook improves 23-02-2021 09:30 * Panmure Gordon downgrades British oil producer Tullow Oil to "sell" from "hold" and cuts PT to 27p from 30p * Brokerage remains concerned about co's falling production levels and slow pace of debt reduction * Brokerage sees co having very little surplus cash through the next five years to invest into future growth options, making it "little more than a zombie oil company" * "With co's inherent structural issues too big to fix with the current portfolio... we feel that it is time for investors to move onto more attractive opportunities within the sector" - Panmure Gordon * Brokerage also downgrades peer Rockhopper Exploration to "hold" from "buy" * However, brokerage has a positive outlook for British oil & gas cos, especially with the increasing importance of gas in the overall energy mix, but it does not expect demand recovery in the sector until H2 2021 * Brokerage also makes changes to the following PTs: COMPANY RATING NEW PT OLD PT ENERGEAN PLC "buy" 1102p 780p WENTWORTH RESOURCES "buy" 28p 25p ROCKHOPPER to "hold" from "buy" 9.3p 7.5p Exploration SAN LEON ENERGY "buy" 64p 59p NOSTRUM OIL & GAS "sell" 1p 5p
1kempton
23/2/2021
20:19
Looks like we got a nice price target bump from Panmure today from 59p to 64p
echoridge
22/2/2021
14:23
https://uk.advfn.com/stock-market/london/san-leon-energy-SLE/share-news/San-Leon-Energy-PLC-Update-on-investment-in-Oza-Fi/84396609 getting closer now, then production..
1kempton
19/2/2021
11:47
www cnbccom.cdn.ampproject.org/v/s/www.cnbc.com/amp/2021/02/19/jpmorgan-says-two-things-could-push-up-oil-prices-by-another-5-to-10-per-barrel
1kempton
16/2/2021
13:34
They haven't declared one yet
pastyman3851
16/2/2021
12:51
When is the divi due?
bernieboy
16/2/2021
02:24
Zak Mir is far from a genius.
apollocreed1
15/2/2021
08:26
Zak Mir covering it again today on Twitter. Suggests 60p going into April.
plasybryn
Chat Pages: Latest  3958  3957  3956  3955  3954  3953  3952  3951  3950  3949  3948  3947  Older
ADVFN Advertorial
Your Recent History
LSE
SLE
San Leon E..
Register now to watch these stocks streaming on the ADVFN Monitor.

Monitor lets you view up to 110 of your favourite stocks at once and is completely free to use.

By accessing the services available at ADVFN you are agreeing to be bound by ADVFN's Terms & Conditions

P: V: D:20211028 09:20:30