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San Leon Share Chat (SLE)



Share Price: 3.16Bid: 3.14Ask: 3.17Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.03Spread as %: 0.96%Open: 3.25High: 3.25Low: 2.95Yesterday’s Close: 3.16


Share Discussion for San Leon (SLE)


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Giuseppe
Posts: 886
Off Topic
Opinion:No Opinion
Price:3.40
View Thread (3)
RE: Giu
Mon 16:13
Chapter 10 of our "oil barrel" update from December is a good listen if you like to cringe. The strategy that was portrayed over the last 6 months has been blown apart as a false dawn.
 
FQ320MR
Posts: 780
Observation
Opinion:No Opinion
Price:3.40
View Thread (3)
Giu
Mon 16:09
It's hard to argue when you take a look back at over-promised and under delivered, there is little doubt the market would believe Fred West before OF.

Taking a glance at the remuneration here it is quite disgusting very little is actually tied to performance as it states it should be in their own policy

MR
Searcher
Posts: 34,848
Observation
Opinion:No Opinion
Price:3.40
View Thread (3)
RE: Positive
Mon 16:04
Frus, my apologies, the header was incorrect as you say and was 100% not meant to mislead anyone.
Giuseppe
Posts: 886
Off Topic
Opinion:No Opinion
Price:3.40
With the diving sp over the last
Mon 16:02
2 months especially you can imagine their has been some very loose lips within SLE walls make a
tidy sum shorting this.

I have calculated (please check) that OF has in the last 5 years share options,loans and outrageously excessive salary to the value of 20% of our current market cap !

Swindled and misinformed on a regular basis and the cretin has the nerve to justify his blatant ineptness in the latest RNS. The board are all patsies of his choosing and former colleagues.

I want a takeover to bring in some proven business track record
stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:3.40
View Thread (3)
RE: Positive
Mon 16:01
you are correct frus, the baker hughes is not finalised at all......so not sure why thats been said. thay have just said that there in advanced talks and a joint press release will follow shortly.... but that could be 2015 with san leon lol.... time will tell
FQ320MR
Posts: 780
Observation
Opinion:No Opinion
Price:3.39
O.F From Sept 13 2013
Mon 15:45
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. This will allow the Company's longer term projects with huge upside, in Poland and Morocco, to develop while negating the need to come back to the market for further funding.

Ok the placing was for the acquisition of Alpay passed at the EGM which is now a no-go so the capital wilL now be spent in Poland !

O.F today

"The main rationale for the Alpay transaction was to provide cash flow to the Company. However, subsequent deals in Poland, the Company's core operating area, have positioned Poland to deliver cash flow and production more efficiently, enabling the Group to reach its target of becoming at least break-even on a cashflow basis during 2014.

Looks like events in Poland - Ukraine - have overtook plans

No need for further funding either ..

MR
frus
Posts: 958
Off Topic
Opinion:No Opinion
Price:3.40
View Thread (3)
Positive
Mon 14:26
Re: Baker Hughes deal finalised...Searcher why are you saying that as if its a done deal, when it's not. You are trying to use the power of suggestion to make it look like it is. The rest of your post does ease back and repeat's what the RNS actually said ie: Significant progress has been made and a joint press release is expected shortly. But surely were not going to forget the Turkey fiasco so easily are we? What was it now?
The Alpay deal will be completed in 2wks or less. I think anyone with the smallest amount of greymatter can see that------YES once again the magic box has come out, the goalposts have been shifted and the main near term target changed.....Lost count over the last 3 yrs how many times this trick has been pulled but each time the result is the same. SP down.
Sandgrownun
Posts: 1,003
Observation
Opinion:No Opinion
Price:3.37
Alpay
Mon 12:12
The only bright light in a dark Eastern Europe is that with all the carp going down in Ukraine makes the dash for gas even more imperative in Poland, OF should have kept it shut regarding Alpay until due diligence was completed, made himself look rather stupid now with his previous RNS comments about Alpay being a game changer cash flow wise, let's hope that Baker can bring some cheer to what has been a pretty dour 24 months and OF learns to keep it shut until there is something concrete to say, think everybody has had enough of his smoke and mirrors RNSs
stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:3.38
turkey
Mon 11:38
so for the guys who were saying turkey was not going to happen ( you were correct) and who got slated for that opinion and being personally attacked.......... you were right all along..... its was pretty obvious it was not going to happen due to no news on it......

im glad they have finaly released an RNS tho...... lets hope we get production this year from poland, thats the only way i can see the sp will rise.......

i do feel positive about poland and the deals we have over there........
FQ320MR
Posts: 780
Observation
Opinion:No Opinion
Price:3.40
Giu
Mon 10:58
I did say at the time it was a waste of money effort and time so and just designed to get a small amount of production on the balance sheet so bonuses would be payed to some of the chosen few ..

MR



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