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San Leon Share Chat (SLE)



Share Price: 2.52Bid: 2.45Ask: 2.50Change: 0.12 (+5.00%)Riser - San Leon
Spread: 0.05Spread as %: 2.04%Open: 2.34High: 2.52Low: 2.30Yesterday’s Close: 2.40


Share Discussion for San Leon (SLE)


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SloppyJoe
Posts: 3,079
Off Topic
Opinion:No Opinion
Price:2.25
View Thread (2)
Cracking news
Mon 07:43
I cant imagine how I'd feel if I had sold at 1.88p last Thursday.

Show me the money.
 
luckydub
Posts: 2
Off Topic
Opinion:Buy
Price:2.25
Oil discovered
Mon 07:37
"encountered oil during drilling operations"....music to my ears...

Genel obviously playing this down (humbly) and waiting to announce till the full results are finally out.

Let the first phase of the northward share climb begin...
RobbyB
Posts: 940
Off Topic
Opinion:No Opinion
Price:1.95
Also
Mon 07:15
Do we have the cash to pay for testing? Will we have to relinquish part of our interest?
earlsfield
Posts: 562
Off Topic
Opinion:No Opinion
Price:1.95
Hold on....
Mon 07:12
Genel Energy ("Genel") notes today's announcements by its partners San Leon Energy and Serica Energy regarding the Sidi Moussa-1 well offshore Morocco, operated by Genel with a 60% working interest.
Genel confirms the information contained in the operational updates issued by its partners. It is premature at this stage of operations and ahead of the forthcoming testing of the well to make any definitive technical interpretation.
Genel shall update the market on completion of operations.
-ends-
RobbyB
Posts: 940
Off Topic
Opinion:No Opinion
Price:1.95
Oil discovered
Mon 07:11
Hooray!
Searcher
Posts: 36,311
Research
Opinion:No Opinion
Price:1.95
View Thread (2)
RE: Morocco
Mon 07:03
20 October 2014

San Leon Energy plc

("San Leon" or "the Company")

Morocco Well Testing

San Leon, the AIM listed company focused on oil and gas exploration in Europe and North Africa, confirms that the SM-1 well in the Sidi Moussa block offshore Morocco has reached a total depth of 2,825mMDBRT (measured depth below rotary table) and encountered oil during drilling operations. Preparations are underway to perform cased hole testing.

San Leon holds a 10% net working interest in the Sidi Moussa block. Total well testing costs are expected to be approximately $22m (net paying interest $3m to San Leon).

Oisin Fanning, San Leon Executive Chairman, commented:

"Testing the SM-1 well aims to evaluate the structure and its hydrocarbon potential as much as possible at this stage of early exploration, and we look forward to updating the market with the results once these are available."

Qualified person

Joel Price, who has reviewed this update, has 20 years' experience in the oil & gas industry and is a member of the Society of Petroleum Engineers. He holds a BA in Natural Sciences from Cambridge University, an MEng from Heriot-Watt University, and an MBA from Durham University. Joel is Chief Operating Officer for San Leon Energy and is based in San Leon's London office.
linksdean
Posts: 1,839
Off Topic
Opinion:No Opinion
Price:1.95
reply to GL1o
Sun 23:04
from xrated.......20:41 19/10/2014 [xrated] robbyb
we are over 80 days drilling, it took 72 days for Cairn Energy to hit Td, Rigs dont hang around if they find nothing.So its my hunch if they found something ,then they would be waiting for testing gear, I hope that is the case, If we have a find, its only the beginning as the Licensed area is extremly big, it wouldl dwarf the kurdish find.
....................and he is right as the sid moussa licence is huge and with the 2/3d that has been done has found other structures...we await news......
linksdean
Posts: 1,839
Off Topic
Opinion:No Opinion
Price:1.95
mall1
Sun 22:46
good post...I don't think OF is under pressure though..not like that anyways as these things cant be rushed...whatever will happen lewino will be drilled next year...and next year a new sle will immerge and that i megence will be through production...with rawicz.siekierki,rogity hopefully carpathianj/Permian and morocco too...lewino will imo be after these as pnr news will be due this quarter on these wells....lewino is huge we own 100% ..results data from bnk/conocco sle will have...they will have pvr monies...so if any fo is not on sle terms sle will have the funds to go ahead 100% themselves..the option is theirs not someone elses....but OF is no fool....he will be after the right deal for sle and if he can get someone to drill lewino and it costs sle nowt and sle hold the bigger % and get cash in hand...sle have all the options at hand...morocco 3 intervals..all to play for etc etc
mallorca
Posts: 151
Off Topic
Opinion:No Opinion
Price:1.95
Next couple of weeks
Sun 13:19
Whether it's because Spring is in the air, which it's not, but I have a good feeling about this. If Sidi Moussa isn't going to happen, next week would be the best time to receive that news. Won't do much damage to the SP. With Barryroe, and the few wells currently being drilled, likely to be a source of imminent good news, investors won't be jumping ship. Then there's lewino. That's always going to be worth hanging around for. OF must be under pressure to get a FO sorted. Might not be as good a deal as we'd like, probably a lot less money up front and more free carries, but would still be a huge boost for the company. Just imagine 2 years down the line, having a 5O% share in 50 shale gas wells on W. Gdansk. That would be a huge income and that's only just the start! We've had a rotten couple of years with this company but things could be starting to change for the better.



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