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San Leon Share Chat (SLE)



Share Price: 3.28Bid: 3.27Ask: 3.28Change: 0.25 (+8.25%)Riser - San Leon
Spread: 0.01Spread as %: 0.31%Open: 3.06High: 3.30Low: 3.18Yesterday’s Close: 3.03


Share Discussion for San Leon (SLE)


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Dubhlinn
Posts: 35
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.16
I like reading this Report
Thu 22:58
SALT LAKE CITY, April 15, 2014 /PRNewswire/ -- FX Energy, Inc. (NASDAQ: FXEN) reported that the Tuchola-4K well reached its primary objective, the lower Zechstein Ca1 formation at 2,740 meters, approximately 60 meters high to last year's Tuchola-3K well. The Tuchola-4K well was then cored and drilled to 2,810 meters, its current depth, with strong gas shows observed throughout. This 70 meter interval was then logged, showing gas saturation throughout. The gas includes components up to C2 ethane and C3 propane. Logs and cores both show very good porosity.

"The cores have visible intergranular porosity and extensive fracturing," said Andy Pierce VP of Operations. "The well logs show excellent porosity and gas saturation throughout the entire 70 meter zone. Data from the Tuchola-4K well up to this point exceeds our expectations."

The Company now plans to set 7" casing to the top of the Ca1, then run a drill stem test of the full 70 meter open interval. Results of the drill stem test are expected in about one week. Following the DST the well will be drilled to total depth in the Upper Devonian and logged. If this zone encounters good reservoir properties it will also be tested.

The Tuchola-4K is an appraisal well of the Tuchola-3K discovery made in 2013. In the area surrounding these wells the Company is evaluating 220 square kilometers of 3D seismic data to identify the next drill site. FX Energy expects to start drilling another well later this year based on this seismic work. The Tuchola wells are located in the Company's 730,000 acre Edge License in north central Poland. FX Energy operates and holds a 100% working interest.

Read more at http://www.stockhouse.com/news/press-releases/2014/04/15/fx-energy-to-test-seventy-meter-gas-interval-at-tuchola-4k-well#KgJlTm2SBWzHGq07.99
 
Dubhlinn
Posts: 35
Premium Chat Member
Off Topic
Opinion:No Opinion
Price:3.16
Up Up and Away
Thu 22:27
The Jigsaw is coming together now!!
The logs are exceeding the expected targets.
Forced dip in the share price of San Leon, I wonder why?.
I am looking forward to reading the next holding RNS.
Who or Whom wanted our shares so badly?.
BNK Petroleum and FX Energy are starting to ignite.
Courtesy of Galwaybay ADVFN San Leon Energy thread
Exciting times ahead
frus
Posts: 960
Off Topic
Opinion:No Opinion
Price:3.16
sp not good
Thu 22:17
Fact is it hasn't been any different in the 3+yrs Iv'e been here. A few weeks ago the sp stood at about 5.7p. At that time my buy in price of 38p had lost 85%. New guys may think, Well the worst is over. Now the only way is up.
Not necessarily, If it can lose 85% of 38p. Then no reason why it cant lose 85% of 5.7p (0.855p) Remember a loss of 85% of your investment is the same regardless of the sp you bought in at.
I dont want to sound like a deramper or a moaner so looking at the other side of the coin you have to say a load of our assets look great and you wouldn't need many to come off to make this Co: very successful and get a spectacular rise in the sp. Trouble is, unlike the rampers who keep trying to convince us of the done deals I cant see a single done deal. You only have to look at the Turkey fiasco, ramped up to the heavens, deal as good as done, now we know different....Lets look at the others. Dec:20th Morocco FD-1 wildcat (Cairn) dead and buried. Next drill Sidi Moussa by Genel. When?
28th Jan: MOU with CLG for evaluation by CLG focussed on implementing proven CLG Tech: on the raw shale oil produced at the proposed Timahdit plant to be designed and delivered in cooperation with Enifit (as far as I know it's still a MOU) and when we can expect any benefit from it, haven't a clue.
17th Feb: LOI Baker Hughes to jointly begin! to develope Siekierki concessions 206 207 and 208...Plan to start gas production from 4 existing wells, namely Trzek-1 2zh 3h and nearby Krzesinki 1...BH to fully fund the start up.
In return BH will receive, A to be agreed portion of the profit until their Inv: is recovered. They are then to receive A to be agreed net profit from the wells. OF says we welcome BH to Siekierki this is a real milestone and could lead to the Co: 1st significant production in Poland.......................If thats correct where are we with Lewino, seeing how BH is still just a letter of intent.
10th March.Rogity-1 with Wisent. Though being described as successful at the initial stage. It has to be noted that Wisent have not yet taken up their option to continue in order to earn a 45% working interest.
24th March.As with BH the agreement with Horion for Cybinka and Turzym is still only a LOI.
27th March. Transatlantic term sheet agreement and including Hutton Energy BUT once again not yet a signed up agreement (Spud June 2014) Completed Dec: 2015, 20 months away..Long time and how long will it actually take considering our history and the fact there is not even a done deal yet in place.
All of this must have a bearing on the sp but as I say if only some of this comes good the sp will fly. Thats why were all still here, all we need is for someone to get their finger out and show us something REALLY POSITIVE.
Searcher
Posts: 34,859
Observation
Opinion:No Opinion
Price:3.16
BNK finished up over 13%
Thu 22:08
Lets hope this is a sign of good news to come next week.....
grandadtom
Posts: 229
Observation
Opinion:Strong Buy
Price:3.16
BNK SP Tracker
Thu 20:39
G1lo
Posts: 98
Off Topic
Opinion:No Opinion
Price:3.16
BNK
Thu 20:28
over 10% up earlier...who knows
Searcher
Posts: 34,859
Observation
Opinion:No Opinion
Price:3.16
I wonder
Thu 18:44
if we will get any more holdings RNS's soon so that we can actually see who the seller is ...

have a great Easter all
Appiamma
Posts: 298
Observation
Opinion:No Opinion
Price:3.16
View Thread (3)
RE: The truth is
Thu 18:04
And many people believe there are paid rampers on here too, but that's not the point. People are sick and tired of the persistent broken promises, false dawns and are increasingly starting to lose faith and to question the veracity of what is going on here. I am in no doubt that under different management that people would be looking at a significantly different picture.

What sticks in my memory more than anything else is the interview in January. OF'S smug grin as he confidently boasts - Lewino horizontal in 6 weeks and very very quickly moving to commerciality and the Alpay deal done in days or at most a couple of weeks. The latter he qualifies with a comment that it has taken so long because of all the due diligence done.. and people wonder why the share price drops.
EastRidingOracle
Posts: 5
Off Topic
Opinion:No Opinion
Price:3.16
Next week great?
Thu 17:58
Yeah Great under 3p a share here we come. Can't wait!
earlsfield
Posts: 23
Off Topic
Opinion:No Opinion
Price:3.16
Positive
Thu 17:31
Next week will be a great week!



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