Register
Login:
Share:
Email Facebook Twitter

SLE Share Chat - RSS Feed

San Leon Share Chat (SLE)



Share Price: 3.175Bid: 3.10Ask: 3.17Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.07Spread as %: 2.26%Open: 3.175High: 0.00Low: 0.00Yesterday’s Close: 3.175


Share Discussion for San Leon (SLE)


Thread ViewThread View
Please Login or Register to post messages
Posts per page:


linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.07
if you cant grasp it dont hold it!!
8 Sep '14
I never said anything about sle paying for anything.. honest!..but again it says it here ..

At the same it is also taking its partner’s 22.5% net working interest in the Tarfaya Onshore licence, though this time Petromaroc will shoulder its share of the costs during the current exploration period.

Chairman Oisin Fanning said: "We are delighted to have acquired additional interests in our two highly prospective licences in Morocco at no additional costs to the company
 
BrokeNovice.Com
Posts: 8,761
Off Topic
Opinion:No Opinion
Price:3.07
Calling it a night now
8 Sep '14
nite all ;o]
BrokeNovice.Com
Posts: 8,761
Off Topic
Opinion:No Opinion
Price:3.07
View Thread (6)
RE: yes if it
8 Sep '14
honestsid.......

i to am naturally suspicious of "freebies" - "no such thing as a free lunch" after-all.........

however Mr OF has stated "at no additional cost to the company" - if that turns out to be materially untrue then that would be a big problem for Mr OF.......

cheers for ur reply ;o]

regards,

bn.c

pps - think Moroccan prospects still have a lot to prove before we can start to get excited - but will be more than happy to be pleasantly surprised
honestsid
Posts: 19
Answer
Opinion:No Opinion
Price:3.07
View Thread (6)
RE: yes if it
8 Sep '14
BrokeNovice, I don't have the answer to my questions, nor do Dean, Sloppy or Searcher. The answers will in time show up in someones company accounts, but the facts I am working from today are here,

http://www.petromaroc.co/press-releases.php?newsid=94.

Reading between the lines one needs to draw ones own conclusion as to why PetroMarco relinquished their interest for no financial consideration. Whats your guess?

However it is apparent from what Dean has been posting that this is not a free ride for SLE, they will now have to pay additional exploration and working costs, the costs that PM were obligated to pay. (+22.5%?) And someone is going to have to pay the penalty fees for not drilling the exploration commitment well by April 2014. I guess that $1.5 million is attributed to 22.5% ownership so there may be another 77.5%to be paid by the other licence holders.

Like I said at the start of the day, "you never get owt for nowt" and as many a Granddad used to say "if it looks too good to be true ....etc etc"

The spin doctors posting here will have you believe otherwise, if they possibly can.
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.07
bnc
8 Sep '14
by jov!! you've got it man!!.ha.links
honestsid
Posts: 19
Answer
Opinion:No Opinion
Price:3.07
View Thread (3)
RE: PetroMaroc Q2 results
8 Sep '14
"They are still holding their share in Zag at this time so maybe as a company they have decided to concentrate on gas?"

Lanny, Not according to their recent press release where they state continuing interest in both oil and gas.

"We are applying disciplined, well-proven technologies and risk-management practices to create long-term value from natural gas and oil for our shareholders and the people of Morocco,” Feuchtwanger said."
BrokeNovice.Com
Posts: 8,761
Off Topic
Opinion:No Opinion
Price:3.07
View Thread (2)
RE: from OF on the subject
8 Sep '14
links

so reading between the lines then does that statement mean "no additional costs to the company"?
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.07
View Thread (2)
from OF on the subject
8 Sep '14
if you cant grasp it don't hold it..

Chairman Oisin Fanning said: "We are delighted to have acquired additional interests in our two highly prospective licences in Morocco at no additional costs to the company.........its easy when you knowhow!
BrokeNovice.Com
Posts: 8,761
Off Topic
Opinion:No Opinion
Price:3.07
View Thread (6)
RE: yes if it
8 Sep '14
honestsid,

do you have the information?

would you care to post it?

know it will be without spin & just bare facts.

would you be so kind?
honestsid
Posts: 19
Observation
Opinion:No Opinion
Price:3.07
View Thread (6)
RE: yes if it
8 Sep '14
Dean, just to remove any doubt it appears you are calling me dishonest, that is not to be trusted. Are you sure you wish to state that on a public forum.....I would have thought you of all people would know better.

"but sidhonest under honestsid being dishonest"



Share Trading BrochureRequest your Free brochures on share dealing, spread betting and CFDs

Sign up for Live Prices
Home  |  Contact Us  |  About Us  |  Careers  |  Advertise with Us  |  Sitemap  |  Terms & Conditions  |  Cookies  |  Privacy


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.