SloppyJoe, interesting that mate, was there not a delayed trade this morning first thing, for the same amount on the same date at 3.37...... I am sure that I am correct, so if that's the case then the trade may well just be a roll over??
In a note, Westhouse analyst Mark Henderson said: “While some may consider the decision not to proceed with the Alpay acquisition as disappointing, we are encouraged that management has the discipline not to proceed with a transaction where the economic potential has been called into question.”
Henderson goes on to say that the San Leon investment case is “all about” the successful development of the Polish shale assets, and as such that is where the bulk of activity and newsflow will be focused.
“We see very significant unrisked upside potential from assets in Poland of almost six times the current San Leon share price, and see material progress being made in 2014, a year that is likely to be transformational for the company,” he adds.
im happy we are out of turkey to be honest..... its a good move and we can focus on poland...... i will say this tho.... with all the later news and deadlines being way over due, it will be interesting to see if we have production this year ........ naturally with the late rns etc people will be skeptical ... me included..... however it will be brilliant for us and the SP if we do have production this year..... with the deals in the pipe line it is looking promising .......but only time will tell.....
The cash flow generated from the near-term development of Alpay Energy's assets is expected to make San Leon cash flow positive across the Company's entire portfolio of assets by Q2 2014 and to deliver significant cash flow by Q4 2014
And this now
Group to reach its target of becoming at least break-even on a cashflow basis during 2014
has tried to stuff sle..sle has stuffed turkeys alpay.."if the deal was done we would have heard..we haven't so it must still be on".......the deals off and we have heard..would it better if OF said we are still going ahead!!!!......No!....the man has quashed it..alpay has by his own doing duffed up his own wells by being greedy and sucked to hard to get the gas out which has drawn water in and filled the wells..he has now lost his client base for his CNG plants which was the largest money spinner he had...sle move on with its cash intact and 500k more than initially put into escow..alpay looks to have paid a fine.. the move now is for siekierki/rawizz to be developed and put into production..siekierki is bigger than turkey with $345mill net npv...data from siesmics 3D has identified sweetspots on the concession.BH has seen all data....rawicz...47bcf recoverable..gas is there..needs developing..TaT..to cover the costs to bring it to production...rogity..to be drilled on structure this year..wisent to cover costs..lewino...has more than 1 major on the fence..BNKs results will if good bring good fortune to sle..they will be fracing soon..
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