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San Leon Share Chat (SLE)



Share Price: 28.15Bid: 27.40Ask: 28.90Change: -0.85 (-2.93%)Faller - San Leon
Spread: 1.50Spread as %: 5.47%Open: 29.00High: 29.00Low: 25.50Yesterday’s Close: 29.00


Share Discussion for San Leon


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SkullBone
Posts: 38
Off Topic
Opinion:No Opinion
Price:28.70
RE: Good comment om III
Tue 15:22
So wouldn’t that make SLE worth a lot more if they are producing that much revenue? Wouldn’t the company itself be worth 10x as much?
 
BlackSwan
Posts: 692
Observation
Opinion:Hold
Price:28.70
Good comment om III
Tue 14:35
Ref Jacko on three
Heard a lot of talk about all the money San Leon is building up in oil revenue to be paid out one day, so how much has San Leon built up over the last 2 years?
Assuming OML-18 produces 30,000bopd, 30% loss due pipe lines etc, oil at $50 per barrel it equates to San Leon's share being £50 million or worth about 10p per share.
Being more optimistic and OML-18 produces 50,000bopd, loss of only 10%, oil at $90 per barrel and equates to £205 million or 41p per share. I have excluded revenue for gas condensates, well work overs and other promise/hypothetical sources of revenue.
As OldGeo raises the question why is the share price does not reflect this revenue, well it might have something to do with all the past promises of riches that San Leon has issued in the past and they prefer to see concrete evidence of the money i.e sitting in San Leon's bank account and not in the 'government coffers' in Nigeria.
SkullBone
Posts: 38
Observation
Opinion:Hold
Price:28.70
RE: SLE Due Diligence Nigeria hope ..
Tue 12:25
Nobody seems to be selling though... But then nobody is buying either... it will take a big news even to make this one move I think
mcco
Posts: 327
Observation
Opinion:Hold
Price:28.50
Suntrust Oil
Tue 09:09
Note the second paragraph:
'S L can confirm that none of the Company, its subsidiaries or legal counsel have received any such summons AND NEITHER ARE THEY AWARE OF THE EXISTENCE OF ANY SUCH SUMMONS'
So there is no application for substituted service of a summons?
If the RNS is telling porkies, then the Directors and the lawyers will have a lot of explaining to do.
Brotherseven
Posts: 1,017
Off Topic
Opinion:No Opinion
Price:28.50
RE: SLE Due Diligence Nigeria hope ..
Tue 08:45
Doubt if many share your optimism !
BlackSwan
Posts: 692
Observation
Opinion:Buy
Price:29.75
SLE Due Diligence Nigeria hope so!
Tue 07:36
Ref RNS today
the 2016 OML 18 transactions having undergone extensive due diligence and documentation. The Company will provide updates as and when appropriate in due course, and will vigorously defend any such claim received.

I sure hope they have completed due diligence - the good news is that OML 18 is an asset worth fighting for as witness to Sun Trusts recent court actions - roll on 3third quater when ther should/could/maybe some real cash coming through.
ManuDave
Posts: 8,082
Off Topic
Opinion:No Opinion
Price:29.75
rns
Tue 07:19
San Leon Energy PLC

Comment on News Article

RNS Number : 7982O

San Leon Energy PLC

22 May 2018

22 May 2018

San Leon Energy plc

("San Leon" or the "Company")

Comment on News Article

San Leon Energy plc, the AIM listed company, focused on oil and gas development and appraisal in Africa and Europe, notes a media article in the Nigerian press which makes reference to a summons having been served on the Company and certain other entities by SunTrust Oil ("SunTrust") in relation to a purported claim by SunTrust over the purchase by the Company of an indirect interest in OML 18.

San Leon can confirm that none of the Company, its subsidiaries or legal counsel have received any such summons to date and neither are they aware of the existence of any such summons.

Having taken legal advice, the Company is of the view that the purported allegations by SunTrust are without any foundation or merit whatsoever, the 2016 OML 18 transactions having undergone extensive due diligence and documentation. The Company will provide updates as and when appropriate in due course, and will vigorously defend any such claim received.

Enquiries:
fatherjockstrap
Posts: 4,815
Off Topic
Opinion:No Opinion
Price:29.75
RNS
Tue 07:08
nothing heard
fatherjockstrap
Posts: 4,815
Off Topic
Opinion:No Opinion
Price:29.75
is there a 100k seller/buyer
Mon 18:59
something being worked??
BlackSwan
Posts: 692
Observation
Opinion:Hold
Price:28.80
Nigeria - locals can do whatever.
Mon 14:48
CJ - Yes agree "sitting on Nigerian soil " the same applies to not getting full payment for oil already produced - I had taken it as a good point that we could directly market the oil produced from OML 18 - some chance - even if we win this case it's going to affect future relationships in Nigeria for oil field services I'm sure - revenge is sweet.

"it doesn't matter if San Leon or Martwestern Leon were registered in Antarctica, the assets are sitting on Nigerian soil" you lose!.




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