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San Leon Share Chat (SLE)



Share Price: 2.50Bid: 2.50Ask: 2.55Change: -0.05 (-1.96%)Faller - San Leon
Spread: 0.05Spread as %: 2.00%Open: 2.55High: 2.55Low: 2.48Yesterday’s Close: 2.55


Share Discussion for San Leon (SLE)


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linksdean
Posts: 1,864
Off Topic
Opinion:No Opinion
Price:2.40
sj
22 Oct '14
defo have mate!!...................

bnk.............................
from TD investments..Poland stands out as increasingly requiring industry funding to work, in our view. That said, we continue to believe that sourcing such funding should be possible and that the potential to strike a farm-out agreement to fund additional investment in Poland is significantly higher now than prior to the drilling of Gapowo B-1, because of the 1) potential for technical insights from the Gapowo B-1 well that could help optimize future completions; and 2) clarified and attractive fiscal terms in Poland. • Deferring capital spending on projects that could unlock upside potential (and increasing the risk those projects will be lost without spending) has significantly reduced our Fully-risked NAVPS estimate. We are reducing our target price to C$1.50 from C$2.00 but are maintaining our SPECULATIVE BUY rating
Read more at http://www.stockhouse.com/companies/bullboard/t.bkx/bnk-petroleum-inc#YwBPsBB0vm6A7w3f.99
 
SloppyJoe
Posts: 3,088
Off Topic
Opinion:No Opinion
Price:2.40
Genel
22 Oct '14
I think we could make any number of suppositions about Genel's thoughts on their findings.

My view of it is that there's no real way of knowing but actions speak louder than words and they've committed millions to it by casing and continuing.

Must have seen something they liked.
RobbyB
Posts: 980
Off Topic
Opinion:No Opinion
Price:2.40
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RE: rob
22 Oct '14
Thanks, links, just going by the average costs for Poland mentioned in Searcher's presentation posted this morning.
linksdean
Posts: 1,864
Off Topic
Opinion:No Opinion
Price:2.33
View Thread (2)
rob
22 Oct '14
lewino well was fracked 3 times so it is now too damaged to drill the horizontal..the next well will use the cellar(part drilled by talisman) on the same pad which Mall1 stated..cost wise you are out massively..the vertical well cost around 10m....so I presume the lateral will be a lot more than this especially if ceramics are used...links
RobbyB
Posts: 980
Off Topic
Opinion:No Opinion
Price:2.33
View Thread (2)
RE: Oil
22 Oct '14
Well I must admit, Mr Burger, I was a bit surprised that they didn't mention quality unless they think there is oil from more than one prospect in the hole which need to be assessed separately.
Turkeyburger
Posts: 226
Off Topic
Opinion:No Opinion
Price:2.31
View Thread (2)
Oil
22 Oct '14
If they came across oil in the drilling, would they be able to tell the quality of the oil? I have no idea how that side of things works?
If it was low grade oil, surely they wouldn't be bothering?
Speculat0r
Posts: 23
Observation
Opinion:No Opinion
Price:2.38
Gasp!
22 Oct '14
Nice to see posters sharing thoughts in a constructive manner, change from the school ground bickering that helps no-one.
mallorca
Posts: 153
Off Topic
Opinion:No Opinion
Price:2.38
RobbyB
22 Oct '14
A favourable Lewino FO could give us a substantial amount of cash, the company values the field at upwards of £600m so if we sold off half to a major we could expect to get £300m in cash and carries (pun). Obviously that would depend on Lewino's flow rates and commerciality. We won't know that until we drill it, so that has to be a priority.
RobbyB
Posts: 980
Off Topic
Opinion:No Opinion
Price:2.38
View Thread (2)
RE: RobbyB
22 Oct '14
The key will be deciding where our main effort should be, which of our interests to trade for capital and which ones to invest in. Strategy will be everything here but I would settle for some cash in the bank for the short term!
mallorca
Posts: 153
Off Topic
Opinion:No Opinion
Price:2.38
View Thread (2)
RobbyB
22 Oct '14
No I don't. Some technical issue they say. We've got enough cash to do it ourself as well as pay our share of the 3 wells currently being drilled. Don't think the company want to take their funds down to that low a level. But obviously if we can get some cash for our Barryroe share that changes things. If we did go our own way on Lewino2, a good FO would give us cash upfront which we will need if Sidi Moussa does come good and we want to stay in it. If we want this company to get into the big time we need to stay in these big projects otherwise we end up with not much more than a 'finders fee'. Barryroe we have to sell to get cash for our other big projects.
Analysts reckon that Providence would need $700m to take Barryroe to first phase ie 30,000bblsd. . . So using that as a rough yardstick for Sidi Moussa we will need $70m to pay for our corner. So it could all work out ok if Barryroe and Lewino come up trumps.



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