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San Leon Share Chat (SLE)



Share Price: 2.50Bid: 2.44Ask: 2.50Change: 0.025 (+1.01%)Riser - San Leon
Spread: 0.06Spread as %: 2.46%Open: 2.49High: 2.50Low: 2.49Yesterday’s Close: 2.475



Share Discussion for San Leon (SLE)


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Searcher
Posts: 35,716
Observation
Opinion:No Opinion
Price:2.42
View Thread (2)
Re - TSX $2.01
14 Jul '14
G1lo, it is really strange as you say mate.... yesterday when I looked on the site below I was on the phone to a friend and nearly dropped the bloody thing lol .... I am really not sure what to make of it, but as you will see form the site below it's showing 38.62% up.... really strange... you may have to refresh the page a couple of times to see it ...

http://www.stockhouse.com/companies/bullboard/t.bkx/bnk-petroleum-inc

Price: $2.01 | Change: +$0.56 | %Change: +38.62%
Volume: 523,200 | Day High/Low: 2.025/1.39 | 52 Week High/Low: 2.36/0.78

obviously this is not the price as the market is not open yet.... will be interesting to see what happens when it does though.................. probably just turn out to be a computer error .. lol
 
G1lo
Posts: 140
Off Topic
Opinion:No Opinion
Price:2.42
TSX $2.01
14 Jul '14
Searcher, just had a look on tsx and not too sure what to make of it. Have a look and let s wait for 2pm opening.

http://web.tmxmoney.com/quote.php?qm_symbol=bkx
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
G
14 Jul '14
yes.. but we always talk about what the future could hold..lets hope it starts this year..
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
JB
14 Jul '14
he said, 227 BFC of gas has been calculated as free gas – gas sitting in the pore space, per square mile.

“So think about that in terms of 10-20% recovery factors. If we were able to drain these with vertical wells, let’s say eight vertical wells per square mile, you’re talking about huge recovery rates, and therefore with our well costs getting lower and lower in Poland and San Leon’s operating capabilities getting stronger and stronger by the day, it’s a huge positive.”

As for what this said about Poland’s Carboniferous play, Mr. Buggenhagen said it showed it was a very viable play.

He commented: “The great thing about the Carboniferous play is we’re sitting in the middle significant gas infrastructure, so all of the problems that people have had in the Baltic basin and other places are avoided.”

However, he added that he had not lost any of his enthusiasm for the Baltic basin. “There’s huge potential up there!”

In connection with that, Mr. Buggenhagen explained of San Leon, “Part of our strategy is to build and diversify our exploration portfolio. We don’t want to rely on any play to make or break this company, and I think it just shows that that strategy had paid off for our company and that there is another viable play in Poland (the Carboniferous) that nobody’s really considered and because of that, we basically picked up all of the land: we have over 2 million acres in the Carboniferous play.”

One could do the math, he recommended.

“Let’s say that 20% of that area works and 20% of my gas in place gets recovered – those are huge numbers.”

According to him, San Leon hoped to tap into that gas with vertical wells, but that had yet to be determined.

“Tight gas should be easier than shale gas,” he explained. “It’s kind of between shale gas and conventional gas.”

He reported the Carboniferous play had very low clay content, very low water saturation and a very thick gas column.

“All of these suggest we’ll be able to use vertical wells will be able to drain them,” he said.
Giuseppe
Posts: 1,000
Observation
Opinion:Hold
Price:2.42
Forget company makers
14 Jul '14
Until we make £1 . baby steps, walk then run...
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
frus
14 Jul '14
8 wells per sq mile..so your right..blige its a monster!!..cant say I wasn't playing it down mate!

weird the russians said shales in Europe wont work but they want in on argentine shales!!

http://en.mercopress.com/2014/07/14/russia-interested-in-argentina-s-shale-deposits-says
frus
Posts: 1,075
Off Topic
Opinion:No Opinion
Price:2.42
Well's
14 Jul '14
Sorry sq miles 1426 x 8 per sq mile =11408. The only way I can see 179 well's is to have 1 every 8 sq miles.
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
frus
14 Jul '14
this is mallorcas post...san leons % would be worth billions and someone else is doing the work..the monies sle have in the bank will give them monies to do wells of their own while others are proving up others..

mallorca
Posts: 101
Off Topic

Opinion: No Opinion
Price: 2.49
View Thread (2)CarboniferousSun 22:54Either I'm getting hold of the wrong stick or there's an error with the maths on this one. . 290Bcf per sqm of which 227 is free gas and assuming a 10% recovery rate equates to 22•7 x 1,426 sqm = 32Tr. Assuming £6,000 per mmcf that comes to £194B. . San Leon's share of that would be aprox £68B. If the recovery rate were to be 20% you can double that. . . That's a lot of money!
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
frus
14 Jul '14
san leons concessions are massive they have extensive acreage and any 1 of them could be a company maker..to me its better that the risk is over a large acreage coverage than just 1 like tpet and many more on aim..that is the difference between these companies and sle..their acreage is vast over Poland/spain/france/Albania and morocco..
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.42
frus
14 Jul '14
you have taken what I said out of context..I was asking a question and answering it..not making an aqusation of talking down..sorry if you thought that..

you have to spend in expo..unfortunately..

novaseis has saved sle muti millions on 2/3D

1426/8=178.25 or 179 wells.....cheers links



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