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San Leon Share Chat (SLE)



Share Price: 2.53Bid: 2.41Ask: 2.53Change: -0.02 (-0.78%)Faller - San Leon
Spread: 0.12Spread as %: 4.98%Open: 2.50High: 2.54Low: 2.35Yesterday’s Close: 2.55


Share Discussion for San Leon (SLE)


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linksdean
Posts: 1,863
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
RE: Cracking news
20 Oct '14
SJ..the difference between an investor than a trader...atb links...................great news....good luck sle and partners
 
linksdean
Posts: 1,863
Off Topic
Opinion:No Opinion
Price:2.25
spot on post this from ev iii
20 Oct '14
Even for Genel, this would appear a reasonable drill budget commitment, one they probably wouldn't be making if the well's prospects were not significant. That of course goes double for San Leon itself, with a $3mm net paying interest. I reckon that that level of commitment tells us more about the partners' positive thinking than this board is perhaps prepared to recognise. By echovalley
Stockraiser
Posts: 315
Off Topic
Opinion:No Opinion
Price:2.25
Double Bottom
20 Oct '14
See post on ADVFN at link below .....

http://uk.advfn.com/cmn/fbb/thread.php3?id=28542267
SloppyJoe
Posts: 3,088
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
Cracking news
20 Oct '14
I cant imagine how I'd feel if I had sold at 1.88p last Thursday.

Show me the money.
luckydub
Posts: 2
Off Topic
Opinion:Buy
Price:2.25
Oil discovered
20 Oct '14
"encountered oil during drilling operations"....music to my ears...

Genel obviously playing this down (humbly) and waiting to announce till the full results are finally out.

Let the first phase of the northward share climb begin...
RobbyB
Posts: 985
Off Topic
Opinion:No Opinion
Price:1.95
Also
20 Oct '14
Do we have the cash to pay for testing? Will we have to relinquish part of our interest?
earlsfield
Posts: 582
Off Topic
Opinion:No Opinion
Price:1.95
Hold on....
20 Oct '14
Genel Energy ("Genel") notes today's announcements by its partners San Leon Energy and Serica Energy regarding the Sidi Moussa-1 well offshore Morocco, operated by Genel with a 60% working interest.
Genel confirms the information contained in the operational updates issued by its partners. It is premature at this stage of operations and ahead of the forthcoming testing of the well to make any definitive technical interpretation.
Genel shall update the market on completion of operations.
-ends-
RobbyB
Posts: 985
Off Topic
Opinion:No Opinion
Price:1.95
Oil discovered
20 Oct '14
Hooray!
Searcher
Posts: 36,333
Research
Opinion:No Opinion
Price:1.95
View Thread (2)
RE: Morocco
20 Oct '14
20 October 2014

San Leon Energy plc

("San Leon" or "the Company")

Morocco Well Testing

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing.

San Leon holds a 10% net working interest in the Sidi Moussa block. Total well testing costs are expected to be approximately $22m (net paying interest $3m to San Leon).

Oisin Fanning, San Leon Executive Chairman, commented:

"Testing the SM-1 well aims to evaluate the structure and its hydrocarbon potential as much as possible at this stage of early exploration, and we look forward to updating the market with the results once these are available."

Qualified person

Joel Price, who has reviewed this update, has 20 years' experience in the oil & gas industry and is a member of the Society of Petroleum Engineers. He holds a BA in Natural Sciences from Cambridge University, an MEng from Heriot-Watt University, and an MBA from Durham University. Joel is Chief Operating Officer for San Leon Energy and is based in San Leon's London office.



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