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San Leon Share Chat (SLE)



Share Price: 3.08Bid: 3.08Ask: 3.09Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.01Spread as %: 0.32%Open: 3.40High: 3.30Low: 3.00Yesterday’s Close: 3.08


Share Discussion for San Leon (SLE)


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G1lo
Posts: 98
Off Topic
Opinion:No Opinion
Price:3.30
View Thread (2)
RE: Top Up
15 Apr '14
Understatement of the year Imo. Bnk s about to track their very promising horizontal, BH taking on the Siekiersky field and TaT going for the Raswick gas find in a couple of months plus our very 100% owned Lewino and Barryroe farm out news looking closer and closer...no advice given there but if I wasn t fully loaded here I know what I would do.
 
SloppyJoe
Posts: 2,898
Off Topic
Opinion:No Opinion
Price:3.29
SLE
15 Apr '14
This dollop of shart sits as the only red in today's sea of blue across my pf.

Plumbing new depths here...

Wonder when something positive will happen...
INBKICroc
Posts: 8
Off Topic
Opinion:Buy
Price:3.30
View Thread (2)
Top Up
15 Apr '14
Anybody else taking the opportunity? Serious potential here.
linksdean
Posts: 1,230
Off Topic
Opinion:No Opinion
Price:3.32
re posted xrated post..spot on
15 Apr '14
Niche group investment in Turkey cost them a fortune. SLE were wise to walk, otherwise we would have suffered the same treatment.
SLE secured two deals with an investment of nearly 250 million in both projects,in Poland , so why deviate in to Turkey.
BNK are to announce their results within the next 2 months on their licence located adjacent to our Realm licence, if it's a commercial success , then SLE will have many suitors for their Licences in Poland which are located in the gas shale zone.Can you imagine what SLE will be worth??
So our lumbering giant may prove up Mr Soros investment will no doubt provide a hefty return, Aul, share price increased 10 p to 85 p when they announced their gas find, SLE succeeded in securing an investment with Baker to develop the find and given such wonderful news the share price tanked. Meanwhile big money is flowing in to the American dot com bubble and our sector is ignored and out of favour. Will BNK success focus the Market on Poland's shale discovery ?
Will Total Shell, and the utility providers jump in, I guess they will when they know the gas shale is commercial.
So, SLE gamble of securing the largest land mass of shale licences may just prove they were right.
This lumbering Giant may take off sooner than you think.
Watch out for JV in Albania and Morocco and Spain, Putins European tour may have justified the impetus we were all waiting for.
Thank goodness we are out of Turkey.what a delight.Poor auld Niche.
John b found the first gas shale find in Hungary . The commercial find is still producing. What's 250 square miles of pure gas shale worth ..,,It's as big as the USA baken discovery
linksdean
Posts: 1,230
Off Topic
Opinion:No Opinion
Price:3.32
earlsfield
15 Apr '14
Total came to the party late and picked up one of the duds..so imo would read that much into it..no doubt their still looking!!..all eyes on us!!..
Searcher
Posts: 34,870
Research
Opinion:No Opinion
Price:3.32
Barryroe farm out up date RNS
15 Apr '14
BARRYROE FARM OUT UPDATE

Providence Resources P.l.c. ("Providence" or the "Company"), the Irish oil and gas exploration and appraisal company whose shares are quoted in London (AIM) and Dublin (ESM), notes recent press speculation concerning farm-out discussions on its Barryroe oil field ("Barryroe"), located in the North Celtic Sea Basin, offshore Ireland.

Providence can confirm that it is in commercial discussions with a number of interested third parties in relation to the Barryroe asset. The nature of these discussions involve the evaluation of the field on a phased development basis, with plans to establish an early production phase, to be followed by further phases of field appraisal and development, designed to steadily increase production rates to maximise the returns from the field. The ultimate development programme would be conditional, inter alia, on the receipt of all necessary regulatory approvals.

There can be no certainty that a mutually acceptable agreement will be reached. A further update in relation to the Barryroe farm-out will be provided via Providence RNS, as and when appropriate.
earlsfield
Posts: 26
Off Topic
Opinion:No Opinion
Price:3.30
Total
15 Apr '14
http://www.thenews.pl/1/12/Artykul/168318,Total-pulls-out-of-Polish-shale-gas-programme

What does anyone make of this?
G1lo
Posts: 98
Off Topic
Opinion:No Opinion
Price:3.35
PVR Barryroe deal
15 Apr '14
Courtesy of anovas on PVR thread.

"Exclusive: Tony O’Reilly Jr close to $300m deal to drill for Irish oil Jim Armitage, Deputy Business Editor Tuesday 15 April 2014 Tony O’Reilly Jr, the entrepreneur and son of the former Independent owner Sir Anthony, is close to securing a $300m investment in his project to extract oil off the coast of Ireland. Mr O’Reilly’s Providence Resources, whose shares are listed in the junior London Aim market, has been sounding out bigger industry partners to invest in the Barryroe oilfield in an arrangement known as a “farm-out” in the industry. Such deals are common for smaller explorers, who specialise in discovering the oil fields but lack the resources or engineering expertise to exploit what they find. Having held negotiations with at least a dozen interested parties, Providence’s advisers at Rothschild have refined the talks down to one large American operator with whom talks are at an advanced stage, The Independent has learned. Investors have been holding out for decades for a major Irish oil play. Exxon first found oil at Barryroe – 45 miles south of the Irish coast – in 1974 but deemed it uncommercial with that era’s technology. The Corrib field, 52 miles off the west coast could be enough to supply 60 per cent of Ireland’s gas needs, its operator Shell has claimed, although that field’s exploitation was delayed by environmental concerns. However, with new engineering techniques, and a higher oil price, Mr O’Reilly has said Barryroe “could be the new North Sea”. Providence shareholders include Sir Anthony with 15.4 per cent. Although he has kept quiet on the issue, others have clearly been losing patience, with the share price currently languishing at 182p compared with 710p in 2012. Ballyroe is by far the company’s biggest prospect. Brokers at Liberum Capital put a value on it of as much as 1730p a share, so if a deal is forthcoming, Providence’s share price could leap. However, many oil assets are currently up for sale or have licensees seeking outside investors. Oil majors including BP and Shell have huge disposal programmes. This has made it hard for the likes of Providence to strike farm-out deals. An independent report on the Ballyroe asset, in which Providence owns an 80 per cent stake, found that there were some 311 million barrels of recoverable oil there."
Searcher
Posts: 34,870
Research
Opinion:No Opinion
Price:3.35
View Thread (2)
Ballyroe
15 Apr '14
Posted on the LOGP board ......

Exclusive: Tony O’Reilly Jr close to $300m deal to drill for Irish oil Jim Armitage, Deputy Business Editor Tuesday 15 April 2014 Tony O’Reilly Jr, the entrepreneur and son of the former Independent owner Sir Anthony, is close to securing a $300m investment in his project to extract oil off the coast of Ireland. Mr O’Reilly’s Providence Resources, whose shares are listed in the junior London Aim market, has been sounding out bigger industry partners to invest in the Barryroe oilfield in an arrangement known as a “farm-out” in the industry. Such deals are common for smaller explorers, who specialise in discovering the oil fields but lack the resources or engineering expertise to exploit what they find. Having held negotiations with at least a dozen interested parties, Providence’s advisers at Rothschild have refined the talks down to one large American operator with whom talks are at an advanced stage, The Independent has learned. Investors have been holding out for decades for a major Irish oil play. Exxon first found oil at Barryroe – 45 miles south of the Irish coast – in 1974 but deemed it uncommercial with that era’s technology. The Corrib field, 52 miles off the west coast could be enough to supply 60 per cent of Ireland’s gas needs, its operator Shell has claimed, although that field’s exploitation was delayed by environmental concerns. However, with new engineering techniques, and a higher oil price, Mr O’Reilly has said Barryroe “could be the new North Sea”. Providence shareholders include Sir Anthony with 15.4 per cent. Although he has kept quiet on the issue, others have clearly been losing patience, with the share price currently languishing at 182p compared with 710p in 2012. Ballyroe is by far the company’s biggest prospect. Brokers at Liberum Capital put a value on it of as much as 1730p a share, so if a deal is forthcoming, Providence’s share price could leap. However, many oil assets are currently up for sale or have licensees seeking outside investors. Oil majors including BP and Shell have huge disposal programmes. This has made it hard for the likes of Providence to strike farm-out deals. An independent report on the Ballyroe asset, in which Providence owns an 80 per cent stake, found that there were some 311 million barrels of recoverable oil there



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