I am a holder of SLE. I don't hold much shares, just over 78k shares, but this is a lot of money to me. What if there was a sudden crash in the market, like say a 2008,2000 or 1987 scenario. What would happen to this stock? - I'am a bit freaked out by this report from last week, you've probably seen it. My question is, what if they are right, what will happen to SLE? here is the link http://www.marketwatch.com/story/scary-1929-market-chart-gains-traction-2014-02-11
San Leon (SLE LN, 5p, Outperform, TP: 9p) BNK completes drilling the Gapowo horizontal well
§ BNK Petroleum has announced it has completed drilling the Gapowo B-1 horizontal well (Bytow concession, Central Baltic Basin, Poland). The company discussed good early indications coming from log and core data (“elevated gas shows in the lateral validate the Company's belief that the Lower Silurian and Ordovician shales are highly prospective for shale gas”).
§ In a "number of weeks" the company will frac the well which will be followed by a flow test. As discussed in our SLE note in January (link below), the Gapowo B-1 well is located 65km to the south of where San Leon is planning to drill and test its Lewino horizontal well (later this year). Any updates from BNK on this well will offer a material read-across to San Leon and help SLE in the design of their horizontal
Chevron to join Cairn, Kosmos, Anadarko and Gulfsands to share insights at the Morocco Oil & Gas 2014 Summit on 7th-8th May in Marrakech. IRN is delighted to announce that Rick Eisenberg, Manager for Africa Frontier Exploration at Chevron International E&P, Ben Conley, Morocco Asset Manager at Cairn Energy and Mike Hoffmann, Exploration Manager North Africa for Anadarko, have recently joined the Speaking Committee of the Morocco Oil & Gas 2014 Summit, taking place on 7th – 8th May 2014 in Marrakech, Morocco. Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend
It's an IRN Summit! London (PRWEB UK) 24 February 2014
Morocco has been identified as one of the most important oil and gas exploration areas of Africa. In recent news, it has been reported that San Leon Energy – represented at the Summit by Director Walid Sinno – has signed a memorandum of understanding with an engineering and technical services firm to develop oil shale from the Timahdit’s licence area in Morocco. Furthermore, two key oil companies speaking at the Summit, Kosmos Energy and Gala Dinner’s sponsor, Gulfsands Petroleum, have announced imminent workplans in the country. Kosmos Energy – present at the event in the person of Vice President Ragnar Fredsted – will start drilling its first wells on two world class prospects offshore Morocco in March this year. And Gulfsands’ President and CEO Mahdi Sajjad will speak on how the company will start drilling its fourth Moroccan well site in April 2014. The Morocco Oil & Gas 2014 Summit is the only platform to network with the key players of the Moroccan hydrocarbon industry. The speaker faculty is composed by C-level executives and experts from oil and gas companies actively involved in Morocco, who will describe and discuss up-to-date issues and developments around their activities in the country, from exploration and production to refining and transportation. Early booking rate expires by February 28th. For registration information and to receive the complete brochure, please contact Lola Bourget at LolaB (at) irn-international (dot) com. For more information about the inaugural Morocco Oil & Gas 2014 Summit, organised by IRN, see the website: http://www.moroccosummit.com. Share on TwitterShare on FacebookShare on Google+Share on LinkedInEmail a friend PDF Version PDF Printer Friendly VersionPrint
Poland also has shale gas reserves and ready to export to India. "We have 55 shale gas wells in Poland and we are the only country that are in the advanced stage of exploration. The commercial production will begin next year. India can import shale gas from us to meet its growing energy demands," pointed out the Minister who was also in Delhi to participate in a joint energy summit
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