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SLME Silvermere Eng

1.875
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Silvermere Eng LSE:SLME London Ordinary Share GB00B606VT57 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.00% 1.875 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
  -
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 1.875 GBX

Silvermere Eng (SLME) Latest News

Real-Time news about Silvermere Eng (London Stock Exchange): 0 recent articles

Silvermere Eng (SLME) Discussions and Chat

Silvermere Eng Forums and Chat

Date Time Title Posts
03/6/201522:06Silvermere Energy PLC - Oil and Gas in USA (Moderated)5,276
21/8/201306:59Silvermere Energy Plc - USA OIL & GAS2,498
17/4/201320:38Silvermere Energy discussion without stupidity3
16/12/201213:18CHARTS1
16/12/201213:11SLME BY NAME SLIME BY NATURE37

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Silvermere Eng (SLME) Most Recent Trades

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Silvermere Eng (SLME) Top Chat Posts

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Posted at 27/7/2014 23:17 by the stigologist
BE WARNED

Andy Morrison the serial failure who crushed XTR and SLME is coming back...



with his new Company Zeta Petroleum

from the Bio on the Zeta Petroleum you would almost not even know how much shareholder value he destroyed at XTR and SLME

Andy Morrison
Chief Executive Officer

Andy Morrison has substantial experience in the oil and gas sector having worked with a number of major energy companies for over 30 years including Shell International Petroleum Company Ltd ('Shell') which saw him, amongst other achievements, devise and execute a marketing strategy and build a local management team for Shell to enter the Chinese domestic consumer market for oil products, as well as BG Group where he brought expertise in leading major business development projects and was promptly promoted to Head of Corporate Strategy.

Andy has held Chief Executive roles at Xtract Energy plc, an AIM quoted energy company, Silvermere Energy plc, which he saw through asset acquisition, AIM admission and into first production in the US and cashflow. Andy has a BSc (1st Class) in Chemical Engineering and Fuel Technology from the University of Sheffield.
Posted at 21/8/2013 06:59 by swizz
TERN - What was SLME......GL S

RNS Number : 1025M

AIM

21 August 2013

NOTICE

21/08/2013 7:30am


RESTORATION OF TRADING ON AIM

TERN PLC

The trading on AIM for the under-mentioned securities was temporarily suspended. The suspension is lifted from 21/08/2013 7:30am, an announcement having been made.

Ordinary Shares of 0.001p each, fully paid, (B606VT5)(GB00B606VT57)

If you have any queries relating to the above, please contact the company's nominated adviser on 0117 945 3471.

This information is provided by RNS

The company news service from the London Stock Exchange
Posted at 13/8/2013 11:14 by rajaster
looks like slme no more.. change of name ..giving away mustang and becoming a cloud services company.. one to add to short list.
Posted at 30/4/2013 19:07 by ih_393528
I absolutely disagree. Dominion are the operator, and SLME signed the Joint Operating Agreement (JOA). In turn, should payments not be made then the interest is lost. Based on experience it is as black and white as that.

The delays have nothing to do with SLME not paying their portion of the Joint Interest Billing (JIB's). What you state is possible but certainly not probable, and given that SLME have, contrary to what Morrison states, a poor relationship with the operator Dominion highly unlikely.

Let us also not forget that Morrison did not disclose to the market the financial state of SLME, and the fact that the stock has not been suspended is truly amazing and an enormous blow to the supposedly tight UK regulatory system.

Anticipate legal action very shortly on several fronts. This is a mess which was poorly handled by an indolent and over paid B of D who have done nothing to build either the asset base or indeed cash flow via acquisition or JV opportunities in a growth market in the USA. Not least the company should have moved ahead with onshore acquisitions in order to diversify the asset base.

You cannot run US assets from an office in Mayfair, and combined with no upstream experience this is the net result.
Posted at 22/4/2013 14:37 by ih_393528
Some interesting comments. At the end of the day the vendors of the asset, Black Cat and Mustang have an enormously strong case against SLME. Equally, they have backing, it appears the B of D of SLME do not have City support. If they did this matter would be resolved by this stage.
This issue will get very ugly and the stock will probably be suspended pending legal and compliance investigation.
There is little doubt that Morrison is both incompetent and dishonest, a lethal combination. He has without doubt mislead the market as to SLME 's overall position financially and with the status of the I-1 well. He deserves to go down, and if fraud charges are filed against him in Texas he will have very serious issues to deal with both corporately and individually.
Say what you may about Mason, at least he drills and completes decent wells and had the sense not to buy SLME warrants way out of the money with a management team that was not worthy of backing.
Posted at 15/4/2013 07:26 by christianf12
g78, It has been and no one in their right mind would deny that.

I am however, still hopeful of this well flowing at a decent rate with others to come on board.

It will only take 1 bit of good news to see 10p+ again imo as only 35m shares in issue and how many of those are in real free floa?

I think many forget that the market cap here is £1.6m now.

There will come a time when bad news is overly priced in to the share price.

Last placing was at 7p.

Can buy now at 5p.

NAI
Posted at 09/1/2013 12:12 by sufijedi
The share price is going to stay low until AM provides us with plans for the immediate future..... There is too much uncertainty at the moment; I personally think once everything is made clear of what they plan on doing we will have movement.

Placing? New asset acquisition? Just bloody tell us AM instead of us waiting for the forever expecting flow rates; which by slme standard maybe will be known to us early feb, even then i honestly believe it won't make a major difference on share price as we already have a rough estimate of what they are going to be and adding in the uncertainty of what the future holds here will hinder any positive increase in share price .... Then after that more waiting until the Bod decides let the markets know what they are planning! Maybe drop in a few more 'unexpected' delays as is traditional with slme as well.

End of rant!
Posted at 06/12/2012 12:55 by cliveas
From CE on LSE :

Worst case scenario:

I think we get a little less than 17% net of I-1 revenue.

Current price of natural gas in US: $3,70 per mmBtu (1 mmBtu is approx 1m cuft) and futures selling at $3.69 so likely to be pretty stable, therefore 700 x 3.7 x 17% x 340 ( allowing for down time of pipeline) = approx $150k per annum from gas.

Texas intrmediate crude selling at $88 per barrel so: 155 x 88 x 17% x 340 = approx $785k per annum from oil.

So, based on current prices and trends, I make the worst case scenario $935k per annum or £575k per annum that gives an market cap of approx £6m ( based on current FTSE multiplier of 10.9) - or an share price of 20p.

this is based on a 6/64 choke and we know the choke size is due to be increased to a size 7 - so assuming a 15% increase in flow rate due to increased choke size, that would give an share price os 23p

And, let's remember that this is now worst case scenario

I think several on this board have been viewing something around 23p as the most likely outcome for I-1 - and the figures do seem to add up - at least when I do them ! LOL
Posted at 04/12/2012 09:30 by gandalf1971
Pro- totally agree with you m, not bragging but 449k shares were voted this morning from me which weren't voted on Monday, there were other shareholders who have stepped up and voted.

Have you got yours in, as long as the resolution gets passed then I think we will see a correction in the share price

Move it along I say and like I said last night, if we get a pre ordered placing at 12p then this share price will definitely show value.

I'm fairly chilled about it, never go all in and never expose yourself
Posted at 03/12/2012 15:51 by thenorth
GR78 yes agreed your point earlier.. i hold XEL and know only too well what SEDA does to the share price .. difference here is that we are a producer and will be selling our wares and i assume this will generate cash... so how much and when is the key question for now and the big elephant in the room is what for....

Would it not be nice to see oil and gas sold to cover the next few months... share price up to 30p and then seda draw down to buy another asset with the proceeds...

In my dreams or not... we shall see....

Pains me to say this but i agree to a point with the below....

So SMTM quit the 5p placing remarks and put your mind to better use as in the below post.. you may find people respect your views even if they are against the grain as GR78 has done here today... and that gent gets my respect all day long... Think before you type lad... thats the ticket...

showmethemoney123 3 Dec'12 - 13:28 - 4275 of 4303 0 0


It is right that SLME should be forced to offer discounted placing terms to ALL shareholders not just the chosen few as before. They should do a Placing and Open Offer...
Silvermere Eng share price data is direct from the London Stock Exchange

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