Register
Login:
Share:
Email Facebook Twitter

SLE Share Chat - RSS Feed

San Leon Share Chat (SLE)



Share Price: 3.19Bid: 3.10Ask: 3.15Change: 0.015 (+0.47%)Riser - San Leon
Spread: 0.05Spread as %: 1.61%Open: 3.17High: 3.19Low: 3.10Yesterday’s Close: 3.175


Share Discussion for San Leon (SLE)


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


G1lo
Posts: 168
Off Topic
Opinion:No Opinion
Price:3.05
View Thread (3)
RE: rns
8 Sep '14
Might be worth nothing but as it cost nothing either and nothing about the outcome of this drill in the sp anyway, what s the downside? Imo nor none.
 
honestsid
Posts: 19
Answer
Opinion:No Opinion
Price:3.05
View Thread (3)
RE: rns
8 Sep '14
"Sle get an extra 1.5% for nothing"

-----------------------

Something for nothing ... what did your Dad tell you about things that look "too good".

If Petromaroc Corporation PLC has walked away, and given it away then I would assume, following the normal course of business decisions they think its worth nothing!

Market is not jumping for joy!
G1lo
Posts: 168
Off Topic
Opinion:No Opinion
Price:3.05
View Thread (3)
rns
8 Sep '14
Seems a bit odd at first timing wise but Imo this deal must have been worked on for a while and not decided last week. Sle get an extra 1.5% for nothing, if it s a hit then so much the better (even more sealable) and if it s a duster, would not have cost us anything and sp wise wouldn t think it would make any difference downwards as I don t believe anything has been built in the price as we speak. Why they didn t wait for an extra month or two before flogging it, just in case, there must be a good reason for it and only them know.
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.05
morocco
8 Sep '14
petromac cant afford these licences as well as their own in north morocco..they want to consentrate on those hence the release of their %..nothing untoward...sle now have a great 10% of a 300mmbbl prospect which is costing them nothing to drill..they have 3 bites of the cherry..if they hit 1 or more sle have a saleable asset..and worth over twice barryroe..great business again by sle management..links
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.07
View Thread (7)
RE: Morocco Update
8 Sep '14
here is what we are looking at in the triasic..

3.3 million acres (13,355 km2)
• NSAI Report: Up to 13.7 Billion Barrels OIP from
12 Leads/Prospects1
• 40-70 MMBBL OIP Cap Juby Field just offshore
• Oil discovery south of Licence
• 2,293 line km of 2D seismic data in data base
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.10
View Thread (7)
RE: Morocco Update
8 Sep '14
Petromaroc has also transferred its 22.5% net working interest in the Tarfaya Onshore licence to San Leon, the operator of the licence. Petromaroc will pay San Leon its share of expenditure during the current exploration period. San Leon is now in the process of obtaining an extension of the current period and a revised work programme.

all cleared up now..its just the oil shale sle gave up!!links
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.10
View Thread (7)
RE: Morocco Update
8 Sep '14
rob no doubt all will be revealed..links
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.10
zig a zag ah!!
8 Sep '14
ZAG...60km structure= around 30/40mile structure.......

Exploration History

A combined Algerian-Moroccan inititative during the 60's led to approximately 40 wells being drilled on the Zag-Tindouf basin. The drilling pre dated seismic work and drill locations were based on surface shows. Nevertheless 3 gas discoveries were made and several gas and oil shows were registered.

During 2008 San Leon as operators of the Zag licence conducted a 15,000 line kilometre aeromagnetic survey. Multiple anomalies were noted along the southern boundary of the licence and to the north west a double plounging anticline of some 60km in length was recorded – a possible trap on enormous scale. We have collaborated with Petro Canada who has licence acreage directly to the north of us to identify prospects on a regional scale.

Resource Potential
•Longreach participated in commissioning an economic and feasibility study by Fugro Robertson, a geological and petroleum reservoir consultancy
•3 scenario's were considered: 0.5tcf, 2tcf and 5tcf
•Conclusion: A profitable development could be achieved with a minimum resourc
of 110 bcf
RobbyB
Posts: 791
Off Topic
Opinion:No Opinion
Price:3.02
View Thread (7)
RE: Morocco Update
8 Sep '14
Interesting moment to obtain more of the Sidi moussa working interest with a drill halfway down to a prospect that would materially change the value of the licence. Can't see petromaroc giving up its interest if there was likely to be a happy ending. Or SLE have some insider knowledge of how the well is going. Odd timing.



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.