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San Leon Share Chat (SLE)



Share Price: 24.625Bid: 0.00Ask: 0.00Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.00Spread as %: 0.00%Open: 24.625High: 0.00Low: 0.00Yesterday’s Close: 24.625


Share Discussion for San Leon


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RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
$60 profit oil per barrel!!!
5 Jan '18
Yep, thats what we are currently earning for every barrel out the Delta folks, comes to a few quid that lot ))

Get the calculator out "Frussy" and scare yer self lol

Cant wait for readmission ))

Bestest

Dickie
 
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
5 Jan '18
I almost forgot QF, the tri monthly payment coming in is from loan notes, so do not confuse that with monies coming in from Nigeria (Eroton) as when they land its November the 5th all over again ))

Regards

Dickie
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
5 Jan '18
RiM
I suspect the chinese were waiting for the outcome of the Avobone debt "crisis" before withdrawing formally. Had the debt issue not been resolved they could presumably have picked up SLE for much less than 60-70p/share.

Anyway, that's in the past now and it seems all we have to do is wait for the Nigeria payment to come in every 3 months.

QF, ar you serious? Did you honestly believe that the Avinalaugh "crisis" as you called it would not be resolved? Seriously?

Also, did you honestly think Tosca would sell out for 70p? Seriously?

The price of oil hs risen over 150% since the deal on OML was completed, FX has also rebounded, we picked up OML 18 for a "song" because the price of oil at the time was on the floor, around $28bbl, people dont pay for forward looking prices of oil when buying asetts, they pay what they are worth at the time, hence why conservatively the deal is at a minimum worth 1.5 times what we paid fot it so at a bare minimum 560m, what did the Chinese joke about offering?

Anyway, not sure if your a genuine shareholder or not, as like the others your posts are glass three quarter empty types but good for you if you are a genuine shareholder as now the so called offerors realised that Tosca will not be accepting any low ball chancer offers, we can get on with business in hand. All the loose ends have been tied up and quarterised so onwards and upwards from here it is.

By the way, how many interested parties were there that signed NDAs? Was it 4 or 5? Was there just 2 mentioned in the RNS today ))

I certainly hope we do not get another bid in, at least not until our share price is well north of 100p, then maybe someone can come in and make a sensible bid.

Ta Ra.

Dickie
quelfromage1
Posts: 413
Observation
Opinion:No Opinion
Price:24.625
RE: Thats the Chinese chancers gone
5 Jan '18
RiM
I suspect the chinese were waiting for the outcome of the Avobone debt "crisis" before withdrawing formally. Had the debt issue not been resolved they could presumably have picked up SLE for much less than 60-70p/share.

Anyway, that's in the past now and it seems all we have to do is wait for the Nigeria payment to come in every 3 months.

QF
zwemnaar1989
Posts: 14
Off Topic
Opinion:No Opinion
Price:24.625
View Thread (2)
RNS
5 Jan '18
No surprise that both Geron and GCUP withdrew their interest. TBH not sure there was much interest in the first place. I believe these are all tactics implemented by SLE to stay suspended. How many days over the last year has this stock actually traded?! With everything so contingent on Mid Western paying back loans and Eroton paying oil money, the uncertainty was never going to help the SLE share price.

I'm not too bothered that it hasn't traded as my average is quite a bit higher than 25p! It saves me from checking the SP each day!
BlackSwan
Posts: 611
Observation
Opinion:Strong Buy
Price:24.625
View Thread (2)
SLE Image consolidation 2018-2024
5 Jan '18
Sle income/profitability image has been torrid since it's inception - that is not to say SLE/OF haven't been wheeling and dealing because they have - it is rather that working on the edge of the oil exploration market without successfully finding/exploiting any particular resource has kept investors away(OF past career course hasn't helped either in this respect) resulting in only Toscar and other small institutional investors believing in the company as a vehicle that has the ability to successfully gain a financial foothold in the high risk and competitive market.of oil exploration. In our current situation SLE has now been able to transform itself into both a financial and oil revenue generating company - hence the repeated talk of cash generation and dividends to achieve image transformation - if SLE can achieve this as I believe they will in the coming years then investor sentiment and share value will surely increase - regarding the comments on OF outrageous salary,well have you read the news lately regarding the average salaries paid to AIM executives that is over 120 times what the "drones" are paid outrageous I know but par for the course.

SLE and Nigeria are changing for the positive - now all we have to hope for is, given OF character traits is that he doesn't overplay his game but rather he concentrates, for what must be for him the boring job of company financial consolidation.
opulentia
Posts: 2,549
Off Topic
Opinion:No Opinion
Price:24.625
View Thread (3)
Happy
5 Jan '18
with that announcement, looks like a re-rate will be on the cards whn it re-lists,

just normal wait and see games,

GLA LTH
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
Thats the Chinese chancers gone
5 Jan '18
It was pretty obvious after 13 months since Gerons offer it was not going to happen @ 80p and GCUPs 67p - 76p offer was basically an insult tbh. They have both realised that we wont be selling ourselves for a bag of crisps and simlpy could not afford to pay a proper price now that we are out of the "danger" zone and what with this latest potential RTO neither of their bids are realistic, they had their chance, Cest la vie!!

Now we can push on as anticipated and get a step nearer to the boards goal of either a dividend or share buy backs!

Right an RTO it is then ))

Bestest

Dickie
ManuDave
Posts: 8,036
Off Topic
Opinion:No Opinion
Price:24.625
rns
5 Jan '18
Friday 05 January, 2018

San Leon Energy PLC

Update on Discussions with Potential Offerors

RNS Number : 0357B

San Leon Energy PLC

05 January 2018

05 January 2018

San Leon Energy plc

("San Leon" or the "Company")

Update on Discussions with Potential Offerors

The Directors of San Leon today confirm that discussions with both China Great United Petroleum (Holding) Limited ("CGUP"), originally announced on 28 June 2017, and Geron Energy Investment ("Geron"), originally announced on 21 December 2016, have been terminated. Both CGUP and Geron have confirmed that they do not intend to make an offer for the issued and to be issued share capital of San Leon.

As announced on 8 December 2017, discussions continue between San Leon and Midwestern about a transaction that, if concluded, could constitute a Reverse Takeover under the AIM Rules for Companies. Therefore, the Company's ordinary shares will remain suspended from trading pending the termination of these discussions or the publication of an Admission Document. These discussions may or may not lead to a transaction being completed between San Leon and Midwestern.

The Directors of San Leon accept responsibility for the information contained in this announcement. To the best of their knowledge and belief (having taken all reasonable care to ensure such is the case), the information contained in this announcement is in accordance with the facts and does not omit anything likely to affect the import of such information.

Market Abuse Regulation (MAR) Disclosure

Certain information contained in this announcement would have been deemed inside information for the purposes of Article 7 of Regulation (EU) No 596/2014 until the release of this announcement.

Oisin Fanning, Chief Executive of San Leon Energy PLC, commented: "While I thank both CGUP and Geron for their interest in San Leon, I am pleased that we have been able to provide this update to shareholders today. These discussions have come to a conclusion by mutual agreement, which will allow the Company to move on, both with its discussions with Midwestern, and with the delivery of its business plan, which is focussed on cash generation from our oil and gas operations in Nigeria."

Enquiries
RichinMinerals
Posts: 702
Off Topic
Opinion:No Opinion
Price:24.625
View Thread (2)
RE: Prior to the Avinalaugh saga 55..
5 Jan '18
I forgot to add, should an RTO or reserves upgrade or another receipt of oil payments from Eroton, or even a bid evolve before resumption, you can forget 55p, this would really put a rocket under the SP and take us to fresh highs!

Its a bit like the fat kid with acne who was constantly bullied at school, he took himself out of school for a while, got his body all ripped and ridded himself of his acne and came back to school a few months later not only fighting fit but very popular amongst his peers!

Dickie (no I wasnt fat and I didnt have acne) lol




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