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San Leon Share Chat (SLE)



Share Price: 2.49Bid: 2.42Ask: 2.45Change: 0.015 (+0.61%)Riser - San Leon
Spread: 0.03Spread as %: 1.24%Open: 2.49High: 2.49Low: 2.49Yesterday’s Close: 2.475



Share Discussion for San Leon (SLE)


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linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.49
carboniferous
13 Jul '14
just for you frus..don't worry about pnr"s 65%...........this is san leons 35%..

some numbers on just the 4 carboniferous licences PNR have taken over..

what JB said......."He explained: “What’s most exciting is the amount of gas in place that has been calculated in the wells and that there is a significantly thick tight gas section in the well to test. What’s interesting about the two sands – what we call the A and the B sands – is that combined there’s 290 BCF of gas in place per square mile if you total up all the gas.”

Of that, 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, "

these four licences have 1426sq miles..this equates to 179 wells ..at 10% this comes out to 4.0633Tcf..

At 20% this comes out to 8.126.6Tcf..

here is something from telegraph last year ie 130TCF worth £1Trillion!!

By Francis Egan

7:35PM BST 03 Jul 2013

The Government last week published the British Geological Survey’s estimate of 1,300 trillion cu ft of natural gas stored within the shale rock deep beneath northern England. It is becoming clearer that the potential to transform our energy provision lies underneath our feet.

If only 10 per cent of northern England’s shale resources can be extracted, that would meet the UK’s current gas demand for more than 40 years. And at today’s prices, it would have a market value of almost £1 trillion, without considering the gas and oil deposits elsewhere in the country.

On those 4 licences..10%=4.0633Tcf or £31.25Bill...20%=8.125Tcf or £62.5Bill..

works out that our 35% above if proven on all fields and luck..£10.9375Bill 10%recovery..or £21.875Bill at 20%..

this is working on the 227bcf per sq mile nice if it works out..links
 
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.49
frus
13 Jul '14
that's because there is nothing to come up with..they are backers pure and simple..and as for the 65% do you know how much these drills etc will cost? probably not..but you are looking at easily between 30/50mill..sle hasn't got that monies ..so they farm it out..they have and got 20mill paid upfront..if any of this is a success it is worth a major fortune to sle who hasn't spent a penny..
if you look at the figures JB put on scincy ie carboniferous and work those figs out(which I did and posted them here) you will see that the 35% is if successful on all assets in the 65% mega..this is without natural gas at rawicz which is in a higher formation than the carbonifous..and siekierki..which they will be going after conventional higher and the lower unconventional..links
frus
Posts: 1,075
Off Topic
Opinion:No Opinion
Price:2.49
sratagies
13 Jul '14
.
frus
Posts: 1,075
Off Topic
Opinion:No Opinion
Price:2.49
Re: The Palomar Group
13 Jul '14
Question is what do we make of it...Must say I'm very surprised that all the guy's who usually come up with news have come up with nothing on this...Infact there seems little interest as to who they are. My initial thoughts were it could be a good deal, in at least it gets us moving BUT I also think we should not lose sight of the fact that JB's remit is now success for PNR not SLE...His Co: has already taken a huge 65% slice off one of our better prospects. He seems a perfect fit for their stratagie, bit surprised his ambition is to own a river Co. Thought it might have been to own a successful oil/gas Co:
linksdean
Posts: 1,445
Off Topic
Opinion:No Opinion
Price:2.49
maybe this guys right!!
13 Jul '14
RE:Next Week

posted July 11, 2014 11:06 am by turd0ferguson

I reckon next week we have a press release with details of a flare, a credit agreement and a drilled Caney Hz well. It has been enough time
Searcher
Posts: 35,712
Observation
Opinion:No Opinion
Price:2.49
View Thread (3)
RE: BNK up 39.31%
13 Jul '14
Must be a computer error because I am still getting

Price: $2.02 | Change: +$0.57 | %Change: +39.31%
Volume: 235,885 | Day High/Low: 2.02/1.39 | 52 Week High/Low: 2.36/0.78
Searcher
Posts: 35,712
Observation
Opinion:No Opinion
Price:2.49
View Thread (3)
RE: BNK up 39.31%
13 Jul '14
OK sorry just looked again and it's gone back to 0% again ......

back to chill mode
Searcher
Posts: 35,712
Observation
Opinion:No Opinion
Price:2.49
View Thread (3)
BNK up 39.31%
13 Jul '14
BlackSwan
Posts: 105
Observation
Opinion:Buy
Price:2.49
Palomar Group ?
13 Jul '14
http://www.palomar-group.com/

Specialties

Private Equity, Leveraged Buyouts, Mergers and Acquisitions, Financing, Management Consulting, Strategy Consulting, Deal Origination

Website

http://www.palomar-group.com
Industry

Venture Capital & Private Equity
Type

Privately Held
Headquarters

12555 High Bluff Drive, Ste 390 San Diego, California 92130 United States
Company Size

1-10 employees
Founded

2011
BlackSwan
Posts: 105
Observation
Opinion:Buy
Price:2.49
View Thread (2)
RE: SJ
13 Jul '14
Frus - well said - with your established good reputation and comments I am amazed you even bothered to reply to the fellow.



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