pnr are the operators it is a private company so don't have to release any news about commerciality ..sle on the other hand are a PLC so have to release a statement to genuine shareholders.......it is pnr who have the say on the commerciality.....but they have allowed sle to release this rns with the word commercialality because it is if it wasn't sle couldn't release the statement....more news is to come from the well imo.....
as for funding..pnr has stated they will include sle in any funding......this gas is valuable and is in demand..I have said ages ago there are buyers of such resources who pay for it in advance so has redeymines...if this is the case pnr/sle all work in advance of proposed workings and future findings.....it wouldn't surprise me if this isn't the case.............which again blows dishonest out of the water by claiming sle wont get any funding at all..
San Leon There will be one hell of a drinks party tonight at San Leon as at long last the ultra-patient shareholders have been rewarded by a well actually coming in, and in Poland. The Rawicz-1 well in southwest Poland flowed gas at 4.1mmscf/d with no water and the flow was getting better and better until it was time to stem the flow to stop wasting the flared gas. Next stop 3-5 wells to develop the field, the next of which San Leon proudly claim they are not paying for. The stock is deservedly up 40% today and extrapolating the value at the high gas prices in Poland and with ever increasing European demand one can get to a lot higher.
I think there is a big sell going through, broken up into multiple chunks. Lots of sells of 250k, 100k, 10k, etc.. all rounded figures. Once these have gone through I'd expect to see a steady increase in price.
Now is also the perfect opportunity to buy in IMHO
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