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San Leon Share Chat (SLE)



Share Price: 3.175Bid: 3.15Ask: 3.20Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.05Spread as %: 1.59%Open: 3.44High: 3.44Low: 3.15Yesterday’s Close: 3.175


Share Discussion for San Leon (SLE)


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linksdean
Posts: 1,701
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Price:3.02
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RE: Morocco
5 Sep '14
your welcome..links
 
frus
Posts: 1,100
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Price:3.02
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Morocco
5 Sep '14
Well what can I say....Many thanks Links, when you go into it, you really DO go into it but to us mere mortals it did seem a bit confusing...As I say many thanks for clearing it up in the way you have.
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.02
gas to gasoline/shale gas
5 Sep '14
Turkmenistan starts building gas-to-gasoline plant

08.27.2014 |

The plant will be based on Haldor Topsoe’s TIGAS (Topsoe improved gasoline synthesis) technology and will become the first full-scale, large commercial facility using this technology.

A groundbreaking ceremony was held this week in Ovadan-Depe near the capital of Ashgabad in Turkmenistan to launch the construction of a major plant focused on the conversion of natural gas into synthetic gasoline.

The plant will be based on Haldor Topsoe’s TIGAS (Topsoe improved gasoline synthesis) technology and will become the first full-scale, large commercial facility using this technology.

“TIGAS makes it possible to produce high quality, high value gasoline from natural gas, shale gas, associated gas, coal, pet coke or even biomass," said Bjerne S. Clausen, CEO at Haldor Topsoe.

"The plant in Turkmenistan is extremely important to us, because it is the first large scale project in the world where we can showcase how our technology can help a nation with huge natural gas reserves monetize their natural resources by diversifying beyond conventional gas markets into transportation fuels."

The plant has been awarded by the national gas company Turkmengas, and Topsoe will be working alongside the Japanese contractor Kawasaki Heavy Industry and the Turkish contractor Rönesans Turkmen to engineer and construct the facility.

The plant will be become operational in approximately four years from now, with a production capacity of 15,500 bpd of synthetic gasoline.

Turkmenistan is one of the six independent Turkic states and is bordered by Kazakhstan to the northwest, Uzbekistan to the northeast and east, Afghanistan to the southeast, Iran to the south and southwest, and the Caspian Sea to the west.

It possesses the world’s fourth largest reserves of natural gas, yet its geographical characteristics and difficult access to infrastructure including gas pipelines has made it a challenge to fully leverage this huge natural resource to propel economic development.

“We believe TIGAS is fully viable as a gas monetization option for Turkmenistan and others, and we also believe it represents a monetization alternative for other gas rich countries in the world," said Clausen. "With this new reference, we have clearly demonstrated that Topsoe has added another strong technology to its gas monetization portfolio."

Synthetic gasoline is a competitive alternative to refinery gasoline and new energy carriers. Unlike DME, methanol and ethanol, synthetic gasoline meets existing gasoline standards so it can be used as a ‘drop-in’ fuel.

This means that production can take place far from refineries, the existing infrastructure can be used for distribution, and car engines can use it as fuel without modification.
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.02
View Thread (3)
RE: Timmy
5 Sep '14
Enefit Outotec Technology ("EOT", see also www.enefit.com/eot),
linksdean
Posts: 1,701
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Price:3.02
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RE: Timmy
5 Sep '14
when a JV is finalised SJ..it will take a few years to build the EOTs and with a cost of $100s of mills some one with very deep pockets or a bond may might be required..I know when I have spoken to sle about this they have 100% been adiment of no dilution to us shareholders........

The Initial EOT study proposes that the Timahdit Plant will have three (3) “Enefit 280” units. The Plant will be designed with the ability to increase capacity to exploit the Estimated resource of 600 million bbl of shale oil within SLE’s Timahdit License area as suggested by historical data and confirmed by the EOT study.

SLE is currently conducting a core drilling operation to extract samples from the Timahdit oil shale deposit for testing at the Enefit Bench Scale plant located at EOT's R&D centre in Frankfurt, Germany. The results of these tests are expected to be available in Q2 2014.

An updated feasibility study for the Timahdit Oil Shale project is currently planned to be completed by year-end. This will facilitate the completion of project finance to fund the construction of the proposed plant envisaged to begin after 2015. Initial reactions from financial institutions have been very encouraging based on the strong interest in investing in Morocco’s energy future.

In August 2013, San Leon was offered exclusive rights to the 36 km2 Timahdit Oil Shale License for two years to evaluate the commercial viability of a surface retorting project on the prolific Timahdit oil shale deposit. Timahdit's shale oil yield in the awarded area is considered to be the highest in Morocco with an average of 100 l/t in the rich layers and has significantly less moisture content than many other international oil shale deposits. The project will also include power generation facilities
G1lo
Posts: 168
Off Topic
Opinion:No Opinion
Price:3.02
Tarfaya
5 Sep '14
Got to say so was I confused by the company announcement. They could have been clearer in their rns. Thanks Links for your very clear explanation. It does make sense now.
SloppyJoe
Posts: 3,016
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Opinion:No Opinion
Price:3.02
View Thread (3)
Timmy
5 Sep '14
As we now know it (thanks links) looks to be a company maker on its own.

Unusually for SLE, there hasn't been much in the way of fuss or fanfare and it seems that the process has been proved with little trial and error.

A successful farm out, with a decent percentage retained would possibly see 1000% upside from todays SP, possibly more if the figures are as good as suggested.

It does seem as though the farm in process is imminent, so we may not have to face the prospect of it falling by the wayside, as some projects have.

The only question that remains is; when' Timmy time?
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.02
morocco
5 Sep '14
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.02
morocco
5 Sep '14
and this page 31 shaows both the oil sahe lprospect and doara/cas mar prospect..

http://www.sanleonenergy.com/media/446612/sle_corp_presentation_q1_2013_25_2_13_final2.pdf
linksdean
Posts: 1,701
Off Topic
Opinion:No Opinion
Price:3.02
morocco
5 Sep '14



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