have a look at those sid........went up on hype to £1.50p......with the bad news with UK shale....now 26p......and they had an upgrade on their shale a number of months ago.......hype and sentiment.....
sid had a $345m npi on siekierki ..sle will have no further costs incurred with this.35%..huge acreage...with all san leons business t/o have been for acreage but with the added benefit they hold shed loads of gas...realm has estimated 157bcf per sq mile..it has to be drilled..and with any lewino success that acreage will be in demand..
your sour outlook on sle has no forward thinking..as for exploration you need acreage..sle paid for these with paper..bnk/cop didn't get the result they wanted 1 due to only a few fracs were successful and the other they planned for a gas well and got more oil..
if they had got commerciality sle would have been awash with majors...but in expo it takes a while longer..you move on..but it will happen
the dilution you talk of happens but with dilution consolidation can at some time follow....these licences will be played out ...because all the learning through lewino vert..bnk...cop..results will be used to design a frac procedure for the purpose....success......
the hype was when soros bought in with blackrock also and shale was all the rage when sp was 17/24p..results from talisman hadn't even been released at that time....that was the hype and that Poland had 300 years of shale gas resources...
you have to move with the times sid...not get stuck in the mud of loss making negtivity
Hype? Now who on earth might be guilty of hype, anyone we know here?
Fell on sentiment?
More like fell on massive share dilution brought about by Auralian purchase, that deal knocked the stuffing out of us. But of course we have loads and loads of land/licences now to sell when we have proved that Poland has loads of shale gas.
Just need millions upon millions of pounds to do it now. Or a JV to come good, In this gas/oil climate of cutting back on exploration across the world when will that happen?
All that lovely jubbilie land Linksdean stated was worth at least $500 an acre a fair while ago.
Sadly, after all this time, even this leaves me mildly sceptical and thinking "yeh, but its probably a prelude to going down 25%" . It a shame isn't it, should great, and 20% up is great.....but then you realise were just clawing our way over 1p! Oh well, might as well get in an instinctive "wouldn't want to be out of this over the weekend" :)
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.