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London South East - Oil & Gas Investor Evening: Malcy, Echo, Savannah, SDX
Andrew Knott, #SAVP speaks at London South East's Oil & Gas event


San Leon Share Chat (SLE)



Share Price: 28.60Bid: 28.20Ask: 28.60Change: 0.30 (+1.06%)Riser - San Leon
Spread: 0.40Spread as %: 1.42%Open: 28.60High: 28.60Low: 28.60Yesterday’s Close: 28.30


Share Discussion for San Leon


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BlackSwan
Posts: 851
Opinion:No Opinion
Price:28.60
RE: Going forward
Today 18:54
PC01 - Agreed about the number of boxes - one quick fix which would increase revenue and positively affect the share price would be if we could reduce pipeline losses to zero, presumably our revenue could immediately jump by 40% - hopefull thinking I know, let's see what happens as we approach the end of 2018.
 
PC01
Posts: 40
Opinion:No Opinion
Price:28.60
RE: Going forward
Today 15:40
At which point, in the words of the late and great Bill McLaren, they'll be dancing in the streets of ....!...its nice to have a dream, but even with my rose-tinted spectacles, we'll need an awful lot of boxes being ticked to get even a 1/4 of the way there...
BlackSwan
Posts: 851
Opinion:Buy
Price:28.30
RE: Going forward
Today 12:53
PC01 - Agreed - a lot of work is still to be done but the SP seems to have stabilised at current levels - one has to give full marks to OF for trying heaven knows the guy has been through some "disappointing times",haven't we all, however this time the oil/gas exist and are actually flowing above ground this time, Tosca/Midwestern/SLE seem to be coalescing into a cohesive and focused oil and gas production entity - ipso facto it must surely only be a matter of time (how much time and how much money though is still an open question) before the company's efforts positively impact the share price - as I have said many times before I am still looking at 400p by end of next year latest and that is why I am still here..
PC01
Posts: 40
Opinion:No Opinion
Price:28.30
RE: Going forward
Today 11:11
That's very decent of you BS - rare for complements on this BB at least - but to be fair to Alaric, i think he's copped his fair share of abuse from those, how do i say it, disappointed SLE 1.0 investors for whom years of underachieving share price performance has led them to believe this is a company that can never do anything right...from a general share price perspective, i do like the look of the base being formed here c 27-28p seems well supported...and as per so many comments, there doesn't seem to be much stock about for when someone does want to buy, we do bounce nicely...October is coming to an end and i think earlier in the year, the SP would have drifted back to the lows as concerns grew over the timing of the $18mm payment..so the fact we can bounce 5% this am tells me news is a-foot as well as confirming to me that 27p looks a very strong support.
Alaric
Posts: 207
Opinion:No Opinion
Price:28.30
RE: Going forward
Sat 11:32
ha BS, time will tell i guess. sorry you don't like my style. for me i just wish people would focus on the reasoned discussion and less on the personality of the poster. you also misread: i am not the least concerned about Eroton's financial health for reasons i could debate at length but sure that would lead to other accusations...
BlackSwan
Posts: 851
Opinion:Buy
Price:28.30
RE: Going forward
Sat 10:50
Alaric - Eroton - your recent posts seem to indicate your running just a tad scared as to the financial ability of Eroton to meet their October payments?

Posting styles - as a general comment I would say you could learn a lot by familiarising yourself with PC01 posting style, it's altogether more balanced and realistic giving more credence to his posts..
Alaric
Posts: 207
Opinion:No Opinion
Price:28.30
RE: Going forward
Sat 09:50
and so am i. all major hurdles behind us, cash in bank, MW now strategic partner shareholder, high oil price and $10m share buyback to start shortly. massively undervalued at today's price or put another way how many times do you price in the very low risk of quarterly payment not coming through? very low, as i've explained unthinkable for jite to miss and consequences for him too severe and for us beneficial if he did. so i believe this is the last chance to buy at these levels. when this payment comes as it most assuredly will and soon now*, unless we get suspended first with an rto announcement and then, either way, that opportunity will be gone. *before end of month imo. if it hadn't for any reason, i believe Sle would be bound to announce that it was starting enforcement of the security. so end of month is absolute to my mind.
mclean91
Posts: 25
Opinion:No Opinion
Price:28.30
RE: Going forward
Sat 09:25
Yes admit any more delays will be a concern but optimistic that it will be made.
PC01
Posts: 40
Opinion:No Opinion
Price:28.30
RE: Going forward
Sat 08:39
I think the only reason we are not higher is that nagging doubt as to the exact timing and location of the $18mm payment - all the other parts of the jigsaw fit quite nicely once that is announced!
Equally further delays = doubt = a drift in the SP.
I remain highly optimistic!
mclean91
Posts: 25
Opinion:No Opinion
Price:28.30
Going forward
Sat 07:12
As we run up to the end of this month the loan payment will have to be made hopefully, and ST getting nearer of leaving, their scheme foiled, Midwestern coming on board and being a new holder may want more themselves as the buy back bekons know that this when announced and most share held by institutional is going north as the shares will have to bought in the open market.

Keep a hold of them!
Alaric
Posts: 207
Opinion:No Opinion
Price:27.80
RE: Someone knows
Wed 14:08
PC01 'pessimists' are quite healthy in a discussion. what we have had here has been much worse than that with a concerted troll campaign against San Leon over time, which is why i and a few others here give no quarter on their unsubstantiated bile, much of it from posters who hold no current interest. agree delayed news on q payment will no doubt be grist for the mill of those who have an agenda here. whilst I am keen to hear that news, I do know it would be unthinkable for Jite to miss the payment, unless perhaps merger discussions are in fact ongoing. (if Jite did miss any payment for any reason, our security all but in OML18 equity, as I understand it, is fine with me). and imagine we will get share buyback clearance in short order now.
SkullBone
Posts: 85
Opinion:No Opinion
Price:27.80
RE: 54 sold 4% price drop
Wed 12:50
Yes I agree having low liquidity means a high spread and that puts people off. If you buy on the ask you already have to gain 5% just to break even
PC01
Posts: 40
Opinion:No Opinion
Price:27.80
RE: 54 sold 4% price drop
Wed 10:52
Been out for a couple of days - but as ever enjoy the banter on the board. Alaric, you mentioned a reversing into SLE by Eroton. I have heard this as well, as we know despite all its short-comings an AIM listing in London is a bit like buying a London property under UK law...its a good place for a Nigerian entity to be able to gain access...
re share price moves, as I have tried to point out, there is no liquidity in the market at all. The bid-offer is often 1.5p so 5% which doesn't act as a great incentive to trade. What will move the price on from here is the safe arrival of the quarterly $18mm (its quite late now!) and the share buy-back. An RNS proving both will see an uplift, a RNS saying 'not sure what happened, but the $18mm hasn't turned up' will cause a drop back to the lows of 20p...and plenty of ammunition for the pessimists to get their teeth into...you can see them, hoping...a bit like my labrador as he awaits his dinner, drooling ....
I remain optimistic!
Alaric
Posts: 207
Opinion:No Opinion
Price:27.80
RE: 54 sold 4% price drop
Wed 10:22
strange though this must seem to somebody who has had no holding in this company over 4 years and still posts and so begs the question ACTUALLY WHAT ARE YOU DOING HERE?, i am just a shareholder. maybe try a different tack ? - the 'you must work for the company or cantors or tosca' line has been done to death by DisHonest himself, your sister and a few others. if you hadn't noticed, it doesn't get any traction on this board. up to you, and maybe your mummy and daddy didn't tell you this, but endlessly repeating a lie doesn't make it any the more credible.
Brotherseven
Posts: 1,120
Opinion:No Opinion
Price:27.80
RE: 54 sold 4% price drop
Wed 09:19
I’m amazed that you’re still employed here but good luck with your ‘world class asset ‘.
Timbremner
Posts: 256
Opinion:No Opinion
Price:28.10
RE: 54 sold 4% price drop
Tue 19:59
Just the trans genders trying to manipulate the price down to scare PIs to sell. I recommend hold as the fundamentals are favourable, but sell if you must, demand should be greater than supply once the circus has run its course.

Wondering whether it is actually B7 who is having hormone treatment in preparation to be the new but somewhat already sullied S8, perhaps sid and B7 are the same entity struggling with a split personality and now trans gender issues in their care home under the cruel authority of a merciless matron. Being charitable as we are heading toward Christmas cheer, let's hope they find themselves in that identity tryst, poor confused things; bunch of bullshitters.
BlackSwan
Posts: 851
Opinion:Buy
Price:28.10
RE: Someone knows
Tue 17:14
LACT units - Barry oil loss allocation - almost there hope they prove it is not Eroton "leakage "
RNS Extract - Three of the five planned Lease Automatic Custody Transfer ("LACT") units are now operational in the field (on Alakiri, Krakama and Cawthorne-1 production areas), with units on Cawthorne-2 and Cawthorne-3 expected to be operational around the start of Q4.2018
Alaric
Posts: 207
Opinion:No Opinion
Price:28.10
RE: Someone knows
Tue 15:25
both installation of the LACT units for OML 18 to get accurate readings at the transfer point of our oil and the hugely important alternative crude evacuation and storage facilities are both designed to deal with the 'fly in the ointment'. we await news on both.
BlackSwan
Posts: 851
Opinion:Buy
Price:28.10
RE: Someone knows
Tue 14:10
100,000 BPD - The fly in the ointment is of course 40% pipeline losses due to theft - I love the "mutually cogent"" terminology it has a nice sound about ir - maybe this is the next step in the drama - don't understand these low share purchases strange?
SkullBone
Posts: 85
Opinion:Buy
Price:28.10
RE: 54 sold 4% price drop
Tue 12:53
What’s with these small sells.. yesterday someone sold 1 share lol today no volume at all really .. nobody wants to sell and nobody particularly wants to buy lol.. it’s stalemate..
Alaric
Posts: 207
Opinion:No Opinion
Price:28.10
RE: Someone knows
Tue 12:36
PC01 the far greater value proposition for Tosca, Capital, Midwestern and all shareholders lies through the rto route much discussed and reasoned already on this board. the positives from achieving a merged vehicle with Jite Okoloko are so mutually cogent that i believe this will still happen. without repeating all that reasoning again now, the really important bit is that it would immediately allow OML18 to be fully exploited to achieve the kind of levels set out in the admission docs in excess of 100,000 bpd. and possibly even more with new exploration in the field and an enhanced resources update. if the pipeline project were included in such a merger as well, as would be logical, then we would be looking at a second very substantial business model being added to the equation (i suspect this prospect is presently underrated by shareholders, understandably as we don't yet have enough detail nor is there certainty of its inclusion). so i don't see any of our institutional or corporate shareholders going anywhere just yet.
Brotherseven
Posts: 1,120
Opinion:No Opinion
Price:28.10
RE: 54 sold 4% price drop
Tue 12:23
Perhaps you might ask Fanning about his ‘world class asset’ ?lol
quelfromage1
Posts: 590
Opinion:No Opinion
Price:27.90
RE: 54 sold 4% price drop
Tue 08:23
... to sell
quelfromage1
Posts: 590
Opinion:No Opinion
Price:27.50
54 sold 4% price drop
Tue 08:23
Someone wants us to .
And b7 is back.
Happy days.
Timbremner
Posts: 256
Opinion:No Opinion
Price:28.20
RE: Someone knows
15 Oct '18
Hopefully going.....




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