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San Leon Share Chat (SLE)



Share Price: 29.125Bid: 28.00Ask: 29.75Change: 0.00 (0.00%)No Movement on San Leon
Spread: 1.75Spread as %: 6.25%Open: 29.125High: 0.00Low: 0.00Yesterday’s Close: 29.125


Share Discussion for San Leon


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frus
Posts: 1,682
Off Topic
Opinion:No Opinion
Price:29.125
A bit unfair
21 Apr '16
Smithy didn't write the article he only copied it....Point is who ever did write it, obviously knows s**d all about SLE and the deal. IMO it is written in a very misleading way. As such Smithy should not have posted it here.
 
dandeman100
Posts: 217
Off Topic
Opinion:Strong Buy
Price:29.125
RE: This deal could transform sle
21 Apr '16
If we pick off other weak players with similar salivating deals then we could becime a major or certainly a $billion outfit...

I reckon there are other targets lined up. With the debt on nigeria covered by a cash sweep on Midwestern, our liabilities are low. Must be a few other deals out there.

Looking forward to my dividends...
Searcher
Posts: 36,756
Observation
Opinion:No Opinion
Price:29.125
RE: This deal could transform sle
21 Apr '16
That's a bit unfair Brotherseven, Smithy has only copied the words from an article, they were not his actual words that he wrote....
I do hope that he is right though ;)
Brotherseven
Posts: 190
Off Topic
Opinion:No Opinion
Price:29.125
This deal could transform sle
21 Apr '16
into a major oil producer.Always knew you were full of it Smith/links,this latest post confirms
smithy91
Posts: 250
Off Topic
Opinion:No Opinion
Price:29.125
cheers jojo
21 Apr '16
Shares in San Leon Energy(LSE: SLE) are currently suspended after the company dumped its NOMAD but where the business's shares return to the market, is likely there will be a sudden rush by investors to buy into the firm's growth story.

At the beginning of March, San Leon secured funds from its investors totaling C$89.3m plus an additional $4.5m in transaction costs to fund the acquisition of Canada's Mart, an exploration and production company. As part of this deal, San Leon will secure a 9.72% indirect economic interest in the OML 18 block, onshore Nigeria.

The company has also negotiated a deal to acquire another of Martwestern Energy's shareholders, SunTrust Oil Co Ltd. In a restructuring deal, San Leon is paying $117.4m to acquire SunTrust's stake in Martwestern. Gross OML 18 block production was 31,600 barrels of oil per day in September 2015. Most of the production is hedged at $95 a barrel until December 2017. This deal could transform San Leon into a major oil producer.
Searcher
Posts: 36,756
Question
Opinion:No Opinion
Price:29.125
RE: sle
21 Apr '16
Jojo24, can you please copy the link on again maybe with a space in it??
jojo24
Posts: 81
Research
Opinion:No Opinion
Price:29.125
View Thread (4)
sle
21 Apr '16
AIM darlings could become multi-baggers San Leon Energy Plc
21 Apr 2016 20:36
http://goo.gl/vlCchJ
GoldD
Posts: 759
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:29.125
RE: Anyone contacted the company to..
21 Apr '16
Yes but we have not had a deal like this over the years either. RNS just dropped
Brotherseven
Posts: 190
Off Topic
Opinion:No Opinion
Price:29.125
RE: Anyone contacted the company to..
21 Apr '16
Sle don't do timelines in case you haven't noticed of the years.
GoldD
Posts: 759
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:29.125
View Thread (3)
RE: Anyone contacted the company to..
21 Apr '16
OK, should have a new momad I place by next week. Just though the company would want to hurry this up as the hedge runs out at the end of 2017 so best to get full use out of it. Or do you think they are delaying and letting the cash earnings build up at bidco from daily sales to make up any shortfall of funding for the rest of the deal? Either way the company needs to provide a timeline to sharehilders as everyone will want to know what their options are.




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