Register
Login:
Share:
Email Facebook Twitter




SLE Share Chat - RSS Feed

San Leon Share Chat (SLE)



Share Price: 1.69Bid: 1.67Ask: 1.69Change: 0.125 (+7.99%)Riser - San Leon
Spread: 0.02Spread as %: 1.20%Open: 1.52High: 1.69Low: 1.52Yesterday’s Close: 1.565


Share Discussion for San Leon (SLE)


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


Premium Membership
linksdean
Posts: 2,453
Off Topic
Opinion:No Opinion
Price:1.60
sle
Thu 10:07
1.PNR has provided San Leon with $5 million in cash up-front; and
2.PNR will carry San Leon’s participating interest in the first two development wells on the Rawicz gas field including drilling, evaluation, completion and testing of each well in the Permian Rotliegendes formation.

The carry, plus a 10% return, will be repaid to PNR from half of San Leon’s production revenues from the Rawicz field. In the event that there are no production revenues, the carry will not be repaid.
 
Striebs
Posts: 804
Off Topic
Opinion:No Opinion
Price:1.55
View Thread (2)
RE: SLE
Thu 10:02
There is no free carry . San Leon have to pay their share for the wells , just not upfront .

50% of San Leon's share of the revenue goes to reimbursing Palomar Resources for fronting San Leon's share .
TrustILie
Posts: 278
Off Topic
Opinion:No Opinion
Price:1.55
View Thread (2)
SLE
Thu 09:51
with 1 well done and second we still dont have to pay for, this is looking extremely positive
quelfromage1
Posts: 51
Observation
Opinion:Hold
Price:1.55
View Thread (2)
RE: 1.55 could be today's bottom
Thu 09:49
Just went for 500k (buy)

QF

(Been told off for posting live prices!)
Striebs
Posts: 804
Off Topic
Opinion:No Opinion
Price:1.55
View Thread (2)
RE: I think you have to look at val..
Thu 09:49
SloppyJoe ,

San Leon should have revenue at last but I feel your post is overly optimistic for the following reasons .

Rawicz is supposedly 59bcf ie 20.65bcf net to San Leon .

91% of this is methane , i.e. 18.8bcf net to San Leon

9% of it is not methane . Whilst I'd love to believe it is high calorific value longer chain hydrocarbons and we know it's not H2S , it is most likely CO2 or nitrogen which will need to be stripped out to make it pipeline spec .

San Leon have to pay for 35% of a 7km pipeline , gas treatment works and compressor station . Say 35% of $12m = $4.2m .

The farm in does not include a free carry . 50% of San Leon's revenue goes to reimbursing Palomar for fronting San Leon's share of the upfront expenditure . So 35% of 5 wells at $6m drilled and completed = $10.5m and there is no guarantee they will all be as good as this one .

So if the gas sells at $8/mcf , we are talking $150.4m . Minus capex leaves use with $135.7m minus opex minus tax will leave us with something like the market cap , not considerably more .

I.E. if follow up wells are as successful it will cover PLC costs and wages - which is a start .

Re Siekierki , it is far tighter than Rawicz and has free water , the enemy of horizontal wells . San Leon state on their website that "RPS have attributed an NPV10 of Euro 345 million net to Aurelian" . We now have 35% so an NPV10 of approx Euro120.75m .

It looks like they need to have success in Lewino , Siciny or Spain/Morocco to be worth more than 3p . The good thing is that following Rawicz it at least looks like these prospects are going to get attempted .
BYEBERS
Posts: 163
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.55
check out share trade table
Thu 09:47
80 percent blue on the trade table yet sp is going down. why is it?
Wherewulf
Posts: 69
Observation
Opinion:Strong Buy
Price:1.63
Grazing 2p+
Thu 09:44
Bulls are grazing, the sun is coming out. Some sheep have joined to enjoy the long juicy grass. A hungry bull thinks of moving along, as he sees the grass is running out soon 2p+
BYEBERS
Posts: 163
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.63
View Thread (2)
1.55 could be today's bottom
Thu 09:42
almost 5 millions buys vs 1.2 million sold shares as of 940am.
thisidentifiesme
Posts: 3,796
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:1.63
Share prophets on SLE
Thu 09:29
see site or article
TrustILie
Posts: 278
Off Topic
Opinion:No Opinion
Price:1.63
sle
Thu 09:28
there seems to be an overhang, either a seller has not yet finished or a buyer has not finished.





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.