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San Leon Share Chat (SLE)



Share Price: 2.535Bid: 2.51Ask: 2.56Change: -0.065 (-2.50%)Faller - San Leon
Spread: 0.05Spread as %: 1.99%Open: 2.50High: 2.56Low: 2.50Yesterday’s Close: 2.60



Share Discussion for San Leon (SLE)


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Searcher
Posts: 35,682
Observation
Opinion:No Opinion
Price:2.37
Mush247
Thu 12:05
Looks that way lol
 
Searcher
Posts: 35,682
Observation
Opinion:No Opinion
Price:2.37
Palomar Buying????
Thu 12:04
very possible I guess .....
Mush247
Posts: 1,628
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:2.37
Searcher
Thu 12:00
Just you here then
Searcher
Posts: 35,682
Observation
Opinion:No Opinion
Price:2.37
View Thread (3)
RE: 45 Mil Trade
Thu 11:58
and no one even comments on it..... quite incredible ........
Searcher
Posts: 35,682
Observation
Opinion:No Opinion
Price:2.37
View Thread (3)
45 Mil Trade
Thu 11:50
wtf??????
Searcher
Posts: 35,682
Observation
Opinion:No Opinion
Price:2.37
Mil Trade
Thu 11:48
wtf.....
linksdean
Posts: 1,441
Off Topic
Opinion:No Opinion
Price:2.37
View Thread (4)
RE: SLE - Lewino Development
Thu 10:27
Blackswan..read this it says it all basically..the lower fracs damaged the well so cant be re entered..talis had already did a pre drilled cellar on the same pad..less cost!..the lower formation sle knew held more gas ...........from rns

Next Steps

Following the highly-encouraging testing results from the Lewino-1G2 vertical well, San Leon is preparing to drill a 1,500 metre horizontal well with a multi-staged frac programme. Successful developments of shale in Poland will likely use wells of this design. Long horizontal multi-fracced wells have a number of advantages over vertical wells in terms, not only of higher production rates and recovery, but also of their physical ability to clean up after fraccing, and for that clean up to be performed in a far more economical manner.

The existing well pad and a pre-prepared drilling cellar will be utilised, reducing cost and time. San Leon already has good-quality 2D seismic across the Lewino area. Some seismic lines were deliberately acquired in the most likely direction for horizontal drilling based upon regional stress directions, meaning that the well will have seismic data coverage across its entire length. Limited faulting with relatively minor offsets is expected, and the trajectory has a very slight upward dip from heel to toe. Subject to operational feasibility, the existing Lewino-1G2 wellbore will be used as a downhole listening post for microseismic data acquisition during the multiple fracs in the horizontal well.

The final frac on Lewino-1G2 provided a step-change insight into the frac design which works in this play. Proppant was emplaced very easily, without any material increase in treatment pressure. This was in-line with the final frac design and provides scope for further modification and optimisation in future fracs. This gives us confidence that fracs can be designed in the horizontal well to cover the whole of the Ordovician net pay interval, and be kept open with high proppant concentrations. Design work continues, but it is likely that the horizontal well will be landed towards the top of the lower Ordovician, providing frac initiation in the optimal zone, while also accessing the upper Ordovician.
Giuseppe
Posts: 1,000
Observation
Opinion:No Opinion
Price:2.37
Wow that last RNS has
Thu 10:14
had minimal impact on a sustained recovery. Even with my hedged view I thought that maybe a slither of hope that this year isnt a total wet blanket like 2013. I wonder if Joel has his next speech prepared for market as some serious questions will be thrown his direction after his Sept 13 dross
BlackSwan
Posts: 104
Question
Opinion:Hold
Price:2.37
View Thread (2)
RE: Been a while
Thu 07:53
LSE board has it shown as a 2 mil sell - "Been a while" seems an inappropriate head line if it is a sell can you confirm sell or buy?.
BlackSwan
Posts: 104
Observation
Opinion:Hold
Price:2.37
View Thread (4)
SLE - Lewino Development
Thu 07:46
Links - ref your comment from the II BB - Quote:
"the reason for a new well is because when uos fraced the lower sections the fracs damaged the vertical well at that level..a new well on the same pad would be done ..they will be targeting the lower section as sle believe this will hold more gas than the higher section..they also believe that the frac will open up both lower and higher sections"

- only now we are told a new well is required as the last frac damaged the original wells lower sections - so it's back to square one and more money is it any wonder "things "seem to have ground to a halt - then someone mentions another reason to drill a new well in order to further define the exploration area - then we hear the new well will combine the upper and lower levels ( I mentioned already in one of my previous comments that the lower level is reported to hold more gas and has increased porosity - exactly where BNK have their lateral) - didn't SLE/UOS even get that right..

It would seem our only hope is for BNK and 3Legs to be successful and for SLE to get a major as a JV partner to continue with what they seem to be unwilling or unable to afford at this time?



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