San Leon Energy Share Discussion Threads

[alaric7] 06/12/2022 16:18

stuff and nonsense B2Baby,you’ve clearly never experienced a major complex transaction before. i wonder people who write these inane kind of posts have the foggiest idea of the deal that Oisin Fanning and Jite Okoloko have put together here. underpinning the whole interconnected set of transactions here is a $750m facility being provided by a syndicate of lenders. there will be a vast number of cps to be satisfied, many relating to regulatory approvals from govt. departments. the timing of such things is not within the control of private sector stakeholders. so maybe take a raincheck next time you feel the need to hit your keypad

[b2baby] 06/12/2022 14:53

Am worried about management here. I don't mind something being delayed but the number of times that what they're working on has been delayed versus their own updates leads me to suspect incompetence. A realistic estimate of timeframe should be possible.

[witheco] 06/12/2022 06:37

She's the one that keeps the dream aliveFrom the morningPast the eveningTo the end of the light

[1kempton] 04/12/2022 20:13

An empty bottleindeed and empty vessel from withewino a past loser lost everything just a ghost boo hooin now.

[alaric7] 02/12/2022 19:45

for once Philby i believe Malcy is spot on!

[witheco] 02/12/2022 15:05

Who can bottle out of an empty bottle? Patients... Lots and lots of patients.

[philby1] 01/12/2022 11:01

Malcy says:

It will come as no surprise that due to the complexity of the deal that there has been a further delay in completion. I expect that when it does get closed it will not only transform SLE but shareholders will be on the receiving end of massive returns, the patient will indeed be rewarded, this is no time to bottle out.

[cd27idw] 01/12/2022 10:38

It jumped a bit yesterday, but not by 10%; obviously a number of people aren't convinced it's going to happen.

[djderry] 01/12/2022 10:26

Have I missed something? A complex business arrangement is taking a little longer,so the share price drops 10%? Silly Billies.

[plasybryn] 01/12/2022 07:16

Surprise surprise, the can is kicked down the road again.

[alaric7] 23/11/2022 08:41

pastyman - could you give us a link to this rns please ?

[pastyman3851] 22/11/2022 11:41

I know it's only a little piece of the puzzle, but there has been a RNS about Barryroe today, funding in place to do work over but won't be until 2024

[alaric7] 12/11/2022 23:44

apollo - seriously different plays but surprised, if you follow oil at all, that you don't already have, some exposure to the principal market.

[apollocreed1] 28/10/2022 14:41

I'm pretty sure that I would have made a lot more money just buying Shell or BP rather than SLE to ride the oil bull market.

[1kempton] 28/10/2022 10:36

San Leon, the independent oil and gas production, development and exploration company focused on Nigeria, notes the announcement made on 27 October 2022 by Decklar Resources Inc. ("Decklar") in Canada. San Leon has a 11% shareholding in Decklar Petroleum Limited ("DPL"), the local subsidiary of Decklar operating in Nigeria, and has also made a US$5.5 million loan to DPL, via 10% per annum unsecured subordinated loan notes.



Part of the text of Decklar's announcement is set out below:



"Calgary, Alberta -- Decklar Resources Inc. (TSX-V: DKL) (OTCQX: DKLRF) (FSE: A1U1) (the "Company" or "Decklar") is pleased to announce that it has recommenced loading crude oil into trucks at the Oza Oil Field in Nigeria.



Delivery of Crude Oil



Decklar and its co-venturer Millenium Oil & Gas Company Limited ("Millenium") are pleased to announce that the required permits have been obtained and loading of crude oil into trucks has recommenced at the Oza Oil Field. The crude will be trucked to a crude processing and sales terminal in Nigeria with which the Company has entered into an agreement. As previously announced, the agreement with the company that owns the crude processing and sales facilities provides for an initial delivery of 10,000 bbls. The parties are also in advanced discussions to increase the initial sales quantity to 30,000 bbls and to possibly agree a minimum monthly quantity of barrels of Oza Oil Field crude to be sold."

[witheco] 25/10/2022 10:17

Patients....

[alaric7] 03/10/2022 09:26

agree kaos,i think impossible to do this other than some very rough guestimating. what will production without loss look like? 50,000 bopd? i think OML18 is capable of reaching 100,000 + with workovers and development. and what price oil next year? one thing i like to hang onto is that, post RTO, we'll have twice the number of shares in issue but four times the holding in OML18

[kaos3] 01/10/2022 08:08

I admit I am not able to do valuation. So many moving parts atm. Those moving parts are also having each its own growing trajectory (production increase, selleing off loading facility as a service to the others etc...)

Has any one attempted to do valuation (including financial loans etc) of SLE or can it be found anywhere. I am in the dark on this one

my "attempt" says it should be worth double - based on 16.ooo bopd + (infrastructure as service and logistics cost control as a bonus)

[philby1] 30/9/2022 17:33

Malcy says.....

There is nothing to add today as the market is fully up to date with events at San Leon as they inform the shareholders of every move. Suffice it so say that the team at SLE are meticulously building a very substantial company indeed and with promised distribution of rewarding investments in the longer term my confidence remains undimmed, a lay down cert in the Bucket List for the patient.

[undertaker] 29/9/2022 19:22

Decklar RNS today...

[witheco] 22/9/2022 16:49

Yep, keep living the dream.

[porsche888] 21/9/2022 14:49

This is looking excellent, oil price heading back up too !!!!