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San Leon Share Chat (SLE)

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Share Price: 29.125Bid: 28.00Ask: 29.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.75Spread as %: 6.25%Open: 29.125High: 0.00Low: 0.00Yesterday’s Close: 29.125


Share Discussion for San Leon


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frus
Posts: 1,536
Off Topic
Opinion:No Opinion
Price:29.125
Coming back to earth
1 Feb '16
For a moment, I can't get my head round this deal. Has SLE really stumped up $180m just so Midwestern can acquire Mart who own 45% of OML18 plus other assets.So when you take out our so called indirect interest of 10%
who acquire's the remaining 35% as it say's Midwestern will acquire all other assets but will have no interest in anything on OML18....Seem's an aful lot of money to pay back
 
dandeman100
Posts: 168
Observation
Opinion:Strong Buy
Price:29.125
View Thread (4)
RE: 'If the deal goes through'!!?!?..
31 Jan '16
Fanning will be chasing £4 harder than anyone.

R-12 peaked in at about £1.80 in March, Nigeria, and r-15 have to start pushing this towards the £4 mark.

I think there's still a few things up the sleeve for this year.

Siekierki will be developed and if they can improve flows there from the three trezck wells then we're really cooking on gas (forgive the pun).

Nigeria is hedged for two years and I think there'll be a decent recovery in that time. I know that some Nigerian companies are at a $13 production beak even so even a minor recovery is positive.

£4/5 is very feasible imo. GLA...
Infapound
Posts: 29
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
'If the deal goes through'!!?!???
31 Jan '16
If it doesn't SLE pay will have to £2m in fees which is about 10% of its mc!!
OF has the backing and R-15 is our collateral
Happy days ahead - Strong Hold til Xmas '16 - imo £5 mark :)))
smithy91
Posts: 107
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (3)
nigeria
31 Jan '16
if the deal goes through, it will be great for the sp and on going production will put SLE on a firmer footing for the future.
fracker
Posts: 136
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (3)
Nigeria
31 Jan '16
Thanks SloppyJoe for the reply. I am invested for a profit. I bought at just over 4p and I was seriously worried (still a bit) for a long time but I believe the tide is turning.
I do believe there will be an upward trend. Oil prices will go up eventually.
SloppyJoe
Posts: 3,717
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (4)
Just for comparison
31 Jan '16
Remember that the mc spiked above 300% higher than current levels upon the initial news of flow rates from Rawicz last year.

The company finds itself in a far healthier financial position now than it did then, even without Nigeria.

Risk is very firmly to the upside.
SloppyJoe
Posts: 3,717
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (4)
RE: Nigeria
31 Jan '16
Fracker, it depends upon which perspective you want.

There are execution risks with Rawicz and with completion of the deal in Nigeria. There are political risks in any country and Nigeria certainly isn't the worst.

The main thing to remember, if you're invested here for a profit, is that if there is success with Rawicz, which looks very likely, and if this deal completes, then SLE will be sat with £275m of producing assets, net of any debt.

As a result, the SP will re rate upwards - the market can apply any discount it likes over any concerns, political, geographical or reputational. Even if it applies 90%, we're set for a 135% uplift from current levels.

This company is valued at cash. It is hugely undervalued based upon the development and exploration assets it already owns. Nigeria is only upside - just a question of how much and whether the deal completes.

Success in both areas will be multi - bag returns from here.
fracker
Posts: 136
Off Topic
Opinion:No Opinion
Price:29.125
Nigeria
31 Jan '16
Does anyone think the recent development in Nigeria is a concern?
dandeman100
Posts: 168
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (5)
RE: Smithy
30 Jan '16
OML-18 is a masterstroke for a number of reasons, but also because it will be operated by an INDIGENOUS company. There has been anger in Nigeria against the multinationals AND foreign owned O&G companies resulting in vandalised infrastructure but Midwestern are owned by Nigerians, ran by Nigerians and employ Nigerians.

SLE as relative silent partners doing service deals in the background and creaming off 10% of production is pretty genius in my eyes. Company making.
smithy91
Posts: 107
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (2)
smithy and smith!
30 Jan '16
1st smith, I hold quite a number at under 30p, how many and the exact price you will excuse me if I don't say as by what I have seen on the other side any positive poster here is re posted by a known crusader as I said yesterday.

but by what I read over there he is on course to face a court case for defamation, libel and slander, I know he reads this blog so it will give him something to think about as I am going to send SLE his posts to add to the list of shareholders finding his content totally appalling to the business of SLE and the good of shareholders confidence.

2nd Smithy, The why"s and wants of us normal shareholder will not know, but I expect any information regarding it will come out once/if the deal goes through, if it does maybe more detailed info will be released.

SLE are at an Investor talk in April and hopefully anyone going could ask and tell us here! what do you say Sid?. Why don't you go Frus!!

Personally this Nigerian news has come at a great time for me , R15 as well to come and anything else!!. if the deal goes through and once shares are back in the market, I can see over £1 to £s, as by going on longtermers its 1p onwards and no dilution.




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