San Leon Energy Share Discussion Threads

[1kempton] 27/3/2021 09:14

Couldn't agree more echoridge, sle risk reward is second to none

[echoridge] 27/3/2021 06:03

Thanks for that Howard. What would you like to know about Pantheon? I've participated in all their fundraises since the RTO and know management reasonably well. It's possibly the most exciting prospective O&G share in the world but unfortunately comes a distant second to sle in any investment portfolio on a risk-reward basis. Otherwise, we'd all appreciate it if you keep promotional material for other shares off this board.

[77howard] 26/3/2021 20:56

Pantheon Resources (PANR) about to rocket:

Talitha #A well on the Alaskan North Slope has encountered five significant oil bearing zones plus an unexpected additional prospective zone.

"The results to date and the potential economic value as discussed earlier i.e., 350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl (at today's oil price) represents a huge potentially multi billion dollar prize that we can test over coming weeks."

[77howard] 26/3/2021 20:55

Pantheon Resources (PANR) about to rocket:

Talitha #A well on the Alaskan North Slope has encountered five significant oil bearing zones plus an unexpected additional prospective zone.

"The results to date and the potential economic value as discussed earlier i.e., 350-500 million barrels of recoverable oil at an estimated NPV10 of over $10/bbl (at today's oil price) represents a huge potentially multi billion dollar prize that we can test over coming weeks."

[1kempton] 26/3/2021 20:19

👍..

[bernieboy] 26/3/2021 09:00

Good find again 1kempton. Interesting. Good volume again today.

[1kempton] 24/3/2021 16:26

www.energymixreport.com/nigerian-govt-awards-57-marginal-oilfields-to-161-bidders-receives-50-of-signature-bonuses/

I would expect eroton going after some or one of these..

[bernieboy] 22/3/2021 20:58

Good luck to you pastyman. I am gonna leave these in my pension and pick up the nice dividends to come. Will watch the share price patiently in the meantime.

[pastyman3851] 22/3/2021 16:49

Sold most of my holding for 41.2p this morning, just too tempting an offer after what we've all been through this last 10+ years

[bernieboy] 22/3/2021 08:25

Massive demand and volume today. Is it just from the IC tip or something somewhere else? Good to see us getting closer to some sort of fairer value.

[pastyman3851] 22/3/2021 08:03

Well I wasn't expecting that this morning

[johnhemming] 22/3/2021 06:39

>CEO hasn't been buying shares in this It seems he holds about 2% and was trying to get funds for a lot more.

[apollocreed1] 22/3/2021 01:40

CEO hasn't been buying shares in this - if it's such a good deal lets see him buy something - even £5k.

[alaric7] 21/3/2021 06:35

Poetry in motion? "Buy. ■ investorschronicle.co.uk Priced to hit pay dirt An independent oil and gas development company offers multiple catalysts for share price appreciation'

[bernieboy] 20/3/2021 12:33

Thanks. It makes for great reading!

[1kempton] 20/3/2021 09:58

Great find Gl10.. unfortunately it wont open so here is the article .

San Leon’s highlights bumper cash inflow and value creation

Loan guarantor confirms US$102.5m of loan repayments to San Lean this year.OML18 Subsea export pipeline on schedule to become operational this year.Providence Resources extends farm-out deadline on its Barryroe oil and gas field.

San Leon Energy (SLE:38p), a Nigeria focused exploration and production company that owns a 10.58 per cent indirect interest in the vast 1,035 sq km Niger Delta licence, OML 18, located 500 km from Lagos has issued a positive trading update.

Eroton led the US$1.1bn equity buyout of OML18 from a Shell operated consortium in 2015 and holds a valuable 27 per cent equity interest. San Leon also purchased US$174.5m of loan notes (17 per cent annual coupon) to enable Eroton to fund its share of the OML18 acquisition, the ultimate guarantor being Midwestern Oil and Gas. Under the loan note agreement, San Leon is due to receive US$98m (15.7p a share) of repayments in three equal instalments between July and December. Importantly, Midwestern has confirmed that these repayments will be made on schedule in addition to settling a US$4.25m outstanding payment. The near doubling of the oil price since last autumn has done wonders for OML18’s cash flow.

In addition, San Leon has confirmed that a new subsea Alternative Crude Oil Evacuation System (ACOES) export pipeline is on schedule to become operational this year. It will cut pipeline downtime, thus driving up deliveries from OML18. San Leon made a US$15m shareholder loan that carries a coupon of 14 per cent and has a four-year maturity in the company which owns the ACOES project.

I also note that Providence Resources (PVR) has extended the deadline to 30 April for the proposed farm-out with Norway-based SpotOn Energy on its undeveloped Barryroe oil and gas field in the Celtic Sea Basin. San Leon holds a 4.5 per cent net profit interest in Barryroe that is held in its accounts at US$4.4m, but analysts value it at US$35m (6p a share) assuming SpotOn Energy secures $166m funding to cover the costs for Barryroe’s early development programme. SpotOn remains confident of raising the funds set out in the farm-out agreement, but needs more time given changes to the financing structure.

The bottom line is that San Leon’s share price discount to the company’s 84p a share portfolio value I detailed when I included the shares, at 27.5p, in my 2021 Bargain Share Portfolio should continue to narrow as the year progresses. The board’s policy of returning half its free cash flow as special dividends means a bumper payout is on the cards, too. Buy.

■

 investorschronicle.co.uk

Priced to hit pay dirt

An independent oil and gas development company offers multiple catalysts for share price appreciation

[g1lo] 20/3/2021 07:59

Must read articles for whoever thinking to invest in San Leon

[plasybryn] 19/3/2021 18:33

Another one to add to the high yielders with a superb chart is Ferrexop (FXPO).7.4% yield. Ex dividend 25th March

[johnhemming] 19/3/2021 18:31

DGOC is interesting because it hedges to protect cash flow. Hence it is a secure investment but because of the IFRS accounting rules it makes a loss when gas prices go up.

Additionally I would be interested in an explanation of the situation with Ariana.

[plasybryn] 19/3/2021 18:24

Sorry Evraz (EVR). I stand corrected. I'll have a look at DGOC. Thanks

[johnhemming] 19/3/2021 17:58

I think you mean EVR, but DGOC has a higher yield.

[plasybryn] 19/3/2021 07:04

I agree but it may be surpassed by Ariana Resources which has £25m on its balance sheet, 50% less taxes and fees to be paid out subject to court approved capital reorganisation. Expect it May. Then there is RGO and Open ORPH have three businesses to monetise and reward shareholders this year. Finally EVZ, BASE and SLE are high yielders. DYOR

[1kempton] 19/3/2021 06:57

$100m plus pay out this year with a 50% return to shareholders makes it one if not the best returning AIM co