San Leon Energy Share Discussion Threads

[porsche888] 20/7/2022 09:00

Looking like this edging towards completion of the transaction...seems to be on track .. good news. Should re rate the stock when the deal completes

[alaric7] 19/7/2022 06:19

hxxps://www.thisdaylive.com/index.php/2022/07/18/gcr-upgrades-afreximbanks-rating-to-a/

[1kempton] 18/7/2022 13:58

hxxps://www.thisdaylive.com/index.php/2022/07/18/eroton-announces-successful-containment-of-oil-spill-in-rivers-2/

[doerx2] 14/7/2022 14:18

Cash cow always as been

[pastyman3851] 14/7/2022 12:06

They've been saying it's a potential 100k barrel a day since we got our initial interest, never come close and talks of ramp up bla bla bla and each year the number goes down.I've brought more, but that was just some dividend money I had in my SIPP from BP (I sold them at £4.43 as I figured recession and demand destruction) otherwise I probably would have stayed on the sidelines for a while.

[robizm] 14/7/2022 11:12

Does not mention the 2 wells leaking oil after thieves struck a few days ago. On paper this sounds great but in reality still loads must go right to get to 100k bpd which is still only 45k for San Leon as 55% would go to NNPC

[1kempton] 14/7/2022 11:02

hxxps://www.energyvoice.com/oilandgas/africa/ep-africa/427312/nigeria-san-leon-fanning/

Brill post by GL10 lse today....exellent write up

[dogwalker] 13/7/2022 20:09

Why not scroll back the way to read previous posts on this board on the days leading up to the shares being relisted?

[1jhonboy] 13/7/2022 18:30

I guess still too many unanswered questions for most but the diehard at the moment in the current risk averse markets....but good upside for those wanting to take a chance at this price.....yes/no?

[1jhonboy] 13/7/2022 18:21

looks like this is flying under the radar of most at the moment?

[1jhonboy] 13/7/2022 18:20

Not looking to be shot down ...I once had a very substantial investment in sle, sold out few years back...have been watching for the relist...and now wonder if this is worth another punt...any sensible feedback would be appreciated..tia.

[pastyman3851] 12/7/2022 13:25

I've added, with this drop seems a good punt

[pastyman3851] 12/7/2022 09:04

https://guardian.ng/business-services/vandals-hit-second-wellhead-at-oml-18-compound-oil-spill/

[pastyman3851] 11/7/2022 17:51

But latest results show 4400 barrels a day, so 8p? Should be better once we use our own pipeline and less downtime/pipeline losses

[porsche888] 11/7/2022 15:06

Very simple calculationOML 1844.1% direct and indirect interest to SLE40,000 bopd productionCirca 17,000 bopd to San LeonOil price $100 barrelAfter extraction costs at say $40That's a direct an indirect economic interest to San Leon of about $1 million per day or $365 million per annumMarket cap is currently $225 millionSan Leon is trading at 60% of its net asset value not including revenues from ACOES or its Stake in Decklar OML11 Oza Field Target price should be 65pSimple as that

[74tom] 11/7/2022 14:42

From the Hannam&Parnters broker note released today;

"Prior to suspension, San Leon had been the clear best performer amongst its peers over most time periods in the previous 2 years. Since suspension the peers have risen by ~40% on average. San Leon at US$0.9/boe is trading on large discount to the peer group which is on an average EV/2P multiple of US$7.3/boe and it is trading at 20% discount to the peer average EV to 2023E production of US$21 per boe/d."

Makes sense that the share price hit 56p in early trading as that's 40% above the pre suspension price... great trading opportunity / long term entry price here IMO.

[outsizeclothes.com] 11/7/2022 14:05

After a year out there are bound to be forced sellers.
I'm in for 60k @ 36.15 (best I could get for 60k)
After the forced sellers clear in a few days we'll be well north of 50p imho.

[philby1] 11/7/2022 12:05

Malcy's comments today:

RESTORATION OF TRADING ON AIM – SAN LEON ENERGY PLC

Trading on AIM for the under mentioned securities was temporarily suspended. The suspension is lifted from 11/07/2022 7:30am, an admission document having been published.

I commented on San Leon on Friday after a long chat with CEO Oisin Fanning and there is nothing more to add to today’s news that the shares have returned to trading on Aim.

The company returns with a stake in the world class OML 18 which should provide solid cash flow, later in the year the completion of the pipeline will make all the difference eradicating wastage, indeed the barging that they are already doing should already be increasing efficiency.

Record prices will make the economics excellent and returns to shareholders have been committed to by the company. ‘San Leon is proposing a capital restructuring and issue of preference shares to San Leon Shareholders immediately prior to completion with the preference shareholders having a preferential right to the first US$40m of future dividends paid by San Leon’.

I have been a strong supporter of San Leon in recent years as I believe that when they stated that they would return 50% of free cash to shareholders that amount of money could mean that the company will yield over 20% on an ongoing basis. There are still things to clear up such as free float and timings of some parts of the deal but as the shares return and the markets gets it the share price should rise significantly.

The shares on return have come off around 4% which is understandable in the short term as some holders locked in for a year needed to sell for various reasons. However at these levels when the market gets to understand the potential of the operational and then yield paybacks the shares should be a great deal higher than here.

[alaric7] 11/7/2022 11:52

right decision philby1!

[gary hindsight] 11/7/2022 11:31

There are some risks the deal doesn't go through as there are agreements outside sle's control still to happen. I suspect that may be keeping a lid on the price on top of the profit taking earlier

[ska_man] 11/7/2022 11:15

I'd like to grab a few more but SLE restricted from dealing on AJ Bell.

[leopoldalcox] 11/7/2022 11:08

I'm very surprised that this has settled at such a low price. Unless there are some nasties in the deal that I haven't spotted

[red5] 11/7/2022 11:05

Not after this length of time will have to learn to be patient now they are back on.