Sorry Frus, on this topic I take the side of the rampers. BHI are a drilling/oil/gas support company, they will be part of the contracted support group alongside exalo. They will have no big interest in the field, it will be a fixed upfront agreed cost - which may or may not have a very small value added component pro rata on the success/failure of the well - they typically do this when they are trialling new technologies or your not convinced as an operator. BHI, Halliburton, schumleger are found on most oil gas production facilities - providing drill bit, linings, chemicals, cleaning services and consultancy/advice. They have no direct interest in the field, they will make there money either way whether success of failure. All that risk remains on the shoulders of the operator SLE/PNR. Sorry to interrupt the discussion, but this doesn't count has I have come down on the side of the rampers.
YOU have the nerve to call me dishonest for asking the question about Baker Hughes. I'l ask it again. Does anyone know how BH come to be still involved in Rawicz. When we were told PNR has now become our partner and this replaces all previous agreements and LOI ect:.There has been no announcement as to why they are still involved or in what capacity or indeed in what manner they may be paid. Unlike SJ I regard these detail's as very important, people are being invited to invest. Would you sign a business contract without first knowing all who were to be involved and their purpose and payment, I think not. As for you SJ a person like you calling me dishonest. You disgust me.
I'm a new investor here (got in around 1.8), and I have to say I'm over the moon at getting in at that price.
The real benefit to the SP has yet to be recorded for Rawicz and with testing due to complete on Saturday, I think there will be another hefty shift early next week (possibly Monday) when SLE announce commercial confirmation. Hopefully this time next week we will be another penny closer to our targets (minimum).
I've invested in a lot of small cap O&G's over the years, but there is something extra special about this one that excites me. Having done my research I think SLE could and SHOULD have a very strong year. All of the right elements are there.
A good stock at a good price. Expecting a rise today in readiness for any potential RNS first thing Monday. Next week will compound the success of Rawicz and really start to kick this share onwards and upwards.
I have to say, having monitored this BB for some time, it's quite clear that some posters appear to have negative (at best) malicious (at worst) intent (Frus, Honestsid and Kwidzyn). I've also seen that many times before - it's generally know as sour grapes.
I would any new inexperienced investor to ignore the 'noise' and focus on the licenses, what will be drilled and what success would need to be converted for you to gain. There are big opportunities with this stock.
Looking over your figures, we arrive at the top figure (135m USD) which sounds about right - my understanding of it was that the value on offer here was around £90m and that figure comes out slightly less at £88m in today's rates, which, as you say should then be net of tax and opex.
My understanding of it is that the cost of recovery, (opex) should be at the lowest end of the scale as Rawicz is rather a straightforward, conventional project and this should only be a very small proportion of the sale cost, whereas you seem to have got rid of 55% in tax and opex combined.
I do not know what the tax demand will be as I never saw resolution to the ongoing Polish tax saga.
I would be advised on that - Do you know what the tax rate will be?
All fair minded people on here. many who perhaps never post themselves. Will see whats really wrong with this bb when a genuine investor (not a trader) cannot ask a question without being ganged up on and have names and false accusations hurled at him.......Why do they do it?....not to difficult to work out....Would just like to add, it's far easier to be popular if you post nothing but wonderful things, it's human nature
havin a gripe yes but overall lies..misleading info..some who don't understand sle much are the ones these guys are targeting to frighten them....that's not balanced its unhinged......take the skint post....the carry is for 5mill plus 10% for rawicz.....sle will pay this back if successful over time with 50% of what rev they get...
siekierki.....to prove it....the 15mill no payback..
1.PNR has provided San Leon with $15 million in cash up-front; and 2.PNR will fully carry the work over, recompletion and testing of three existing wells (Trzek-1, Trzek-2H and Trzek-3H) in the Permian Rotliegendes formation. 3.There is no cost recovery by PNR for the carry. and the carry is 15mill to enter the agreement and pnr pay to cover costs etc for the works above........same with rawicz....the 5mill is to enter the agreement and pnr cover all costs for drilling testing etc..on the first two wells...but sle will pay the 5mill back out of 50% of the revenue..+ 10%..
as for OFs payment in shares...Im not worried..they don't kick in till 4p..I will be sitting on over 100% profit....
1.PNR has provided San Leon with $5 million in cash up-front; and 2.PNR will carry San Leon’s participating interest in the first two development wells on the Rawicz gas field including drilling, evaluation, completion and testing of each well in the Permian Rotliegendes formation.
The carry, plus a 10% return, will be repaid to PNR from half of San Leon’s production revenues from the Rawicz field. ............think you will find the carry which sle will be paying back is the 5mill from revenue stream plus 10%.....not what skint is implying...............more misleading cra8p from our resident non holder
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