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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 99101 to 99121 of 99250 messages
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DateSubjectAuthorDiscuss
13/7/2021
06:33
https://www.irishtimes.com/business/energy-and-resources/san-leon-agrees-deal-to-acquire-nigerian-oil-asset-1.4618053?mode=amp
1kempton
07/7/2021
19:09
Its brilliant business Alaric, if this comes off sle get a bigger slice of the action on oml18
1kempton
07/7/2021
17:29
pleasing rns this morning. i like the fact there is a pretty short time horizon on the conditional waiver, indicating a window for completion of the rto negotiations (and maybe also for commissioning the new pipeline). cashing in the $32m of the loan notes for a bigger share in the new project, if the rto happens, makes complete sense to me. i think they've pitched this right and it would still of course leave $66m outstanding. i'm fascinated to see what, if anything, happens to the Sahara holding in OML18. it would make sense to take them out at this stage and then see whether NNPC want to reduce their holding, as has been mooted previously. i repeat my view that this is a most propitious time for regional medium players in the Niger Delta, with the world looking short of oil, a rising oil price and the Nigerian government looking to encourage foreign investment. what better place to start than OML18 - a world class producing oilfield, which the operator and us have become expert in over the last 5 years and one which is about to get its own brand new export system?
alaric7
01/7/2021
09:38
alaric7, Yes, I think we are singing from the same hymn sheet :-) My view is that the share suspension is unlikely to be lifted for several weeks/months (unless of course the RTO proposal collapses).
carcosa
30/6/2021
14:26
i agree carcosa.the key words here are: 'The Company is still confident in receiving all repayments and late payment interest...'. for no other reasons than that it's unthinkable anyway that Jite would default and that the loan notes are secured on OML18. this brings us neatly back to my previous post about this being a principal driver of the rto negotiation
alaric7
30/6/2021
07:25
rimau, not as I read it... " as of 18 June 2021 ...Final payment of the MLPL Loan Notes was anticipated by the end of 2021, .. the Company believes this date is unlikely to be met. The Company is still confident in receiving all repayments and late payment interest, however ... we have recognised a credit impairment to reflect the uncertainty around timing of repayments."
carcosa
29/6/2021
19:59
Regarding the loan note impairment due to uncertainty surrounding timing of future interest payments. Remember this is the credit risk view as at 31 Dec 2020 when covid was rampant and oil was $50 a barrel. Clearly there are underlying operational issues at OML18 but oil demand, covid and oil prices have all improved and i would expect the accounting and credit risk view as at 30 June 2021 would be that the loan notes would be classified as performing again. All IMO.
rimau1
29/6/2021
14:20
Great post alaric thanks.
1kempton
29/6/2021
12:19
gary i think you have to assume that's right as things stand today.(apologies as i failed to pick up on the impairment on my first speed read of the finals).however i do think we all need to read through this to our knowledge that an rto with Jite is now being negotiated in earnest. san leon hasn't i believe yet granted a deferment on this secured debt to Jite,so if anything is going to drive the rto it will be this. a more likely scenario imo will be that they now await the commissioning of the ACOES before announcing all together and i'm sure Oisin will not have forgotten his commitment to paying a dividend
alaric7
29/6/2021
11:05
Is my interpretation correct in that as the loan notes are impaired as the expected date has slipped / unknown I am assuming the promised special dividend will not be paid before October as expected?
gary hindsight
29/6/2021
09:49
Sle going forward ..fantastic prospects,earning,dividends..
1kempton
29/6/2021
09:33
hpcg - i would say you got your timing spot on! unfortunately there was nothing 'legit' about these trolls but that's all history now. and the stars have indeed come into a nice alignment for san leon. with cash in the bank ,no liabilities to speak of and secured 10s of $millions due to us before year end, this is no ordinary AIM oil company
alaric7
29/6/2021
08:55
alaric - I only recently bought in this year. Oil has been a bad place to be most of the time since 2016 so anyone with a negative commentary would have been legitimate for most of that time. Equally companies can find a new purpose and this is what has happened to San Leon. The new exit pathway for OML18 will be transformational and at just the right time for demand to recover and Opec+ to ease restrictions. At the same time capital has dried up for onshore US and the, ahem, pipeline of offshore conventional projects is running at a trickle. So by the time the pipeline + FPSO combo comes online conditions should be good and improving. Per the FY released today $14.8m cash with $8m readily available. All we can do now is rest relatively easily and await events on the corporate side, and depending on how long that takes absorb the operational news as it comes along.
hpcg
28/6/2021
15:39
Agreed, you only have to look at SAVE who have the same strategy and across the pond, JSE. Oil majors are offloading oil assets at depressed valuations in the quest for ESG acceptance leaving small and medium sized operators to pick up these assets and benefit from $70-$90 oil over the next decade
rimau1
28/6/2021
13:49
Taking good quality but non-core / too small assets off Super Majors is a great business model just about anywhere.
hpcg
28/6/2021
13:14
i believe that the kind of shareholding structure, we might reasonably envisage here after an rto, with Tosca no longer the major position will be much healthier for them and indeed good for us. they would for example have much greater latitude to trade the stock. the biggest plus for jite imo is the easy access to capital and equity markets that a London quoted platform would give him and us. why is that so important? the opportunities appearing now in the Niger delta, with the Nigerian government maintaining its privatisation strategy and Shell continuing to reduce their holdings,are now substantial.
alaric7
25/6/2021
10:04
Everything depends on Martin Hughes and colleagues given how much of SLE they hold. They were happy to exit at 21p a year ago but times have changed. A smaller holding of a bigger group suits them a lot, but equally the forward investment case is so strong now with the lack of new oil developments worldwide. The ensuing simplification would also help. Midwestern should also pay a premium to get a listing. Timing is also propitious given where we are in the cycle. So we'll see. Yes I would expect it to take a while.
hpcg
25/6/2021
09:29
It is described as temporary but looking at the details, it seems to be a complex deal which could take a while to resolve. It is also difficult to predict, for me anyway, what effect it will have on the SLE share price. I don't suppose they would be looking to do a deal if they did not think it would be beneficial to share holders.Xylos
a0469514
25/6/2021
09:18
'Temporary' could be a very long time given the complexities involved
carcosa
25/6/2021
09:10
No, it is temporarily suspended.
a0469514
25/6/2021
08:57
Is this still trading today, it's not showing on my Interactive Investor portfolio? Edit- I see it's now suspended.
badgeman
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