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San Leon Share Chat (SLE)



Share Price: 3.16Bid: 3.14Ask: 3.17Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.03Spread as %: 0.96%Open: 3.25High: 3.25Low: 2.95Yesterday’s Close: 3.16


Share Discussion for San Leon (SLE)


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stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:4.12
View Thread (2)
RE: re-more SLE news
10 Mar '14
just sharing info i found with the chat group
 
frus
Posts: 958
Off Topic
Opinion:No Opinion
Price:4.12
View Thread (2)
re-more SLE news
10 Mar '14
I think you mean more of the same SLE news.
stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:4.10
more sle news
10 Mar '14
http://www.proactiveinvestors.co.uk/companies/news/66526/the-big-picture-san-leons-rogity-oil-shale-success-is-another-big-step-forward-66526.html

San Leon Energy (LON:SLE) today confirmed that the Rogity-1 well, on the Braniewo S licence in Poland, flowed oil.

A three-stage fracking programme on Rogity-1 helped the AIM-listed explorer and farminee Wisent recover high quality, mobile oil from the Silurian and Ordovician shales as well as the Cambrian sandstone.

"Proving the presence of mobile oil in the Cambrian tight sandstone and overlying shales at Rogity-1 is a major step forward,” chairman Oisin Fanning said.

The positive outcome of the Rogity well, on the Braniewo S licence, is the latest sign of growing momentum San Leon’s the Polish shale operations.

It is one of a number of projects the company is pursuing in Poland, where is has an extensive portfolio spanning 4.6mln acreages across 74 licences.

A programme to start production from the Siekierki tight gas field will soon get underway after last month’s deal with Baker Hughes, which is going to fund the development.

In the meantime San Leon’s focus is on proving the commerciality of its shale acreage.

Braniewo S is located to the east of the Gdansk W block, where a multi-phase fracking programme was recently completed in the vertical Lewino-1G2 well.

Lewino-1G2 flowed gas almost immediately after fracking and has provided SLE with a great deal of encouragement. So much so, that a follow-up horizontal well is planned.

San Leon revealed in January that the Lewino-1G2 flowed 45,000–60,000 standard cubic feet per day despite the well not being fully cleaned up. And the company’s engineering contractor estimated rates of 200,000 to 400,000 feet per day could be possible.

The objective of this flagship project will be to prove that a horizontal development could be commercially viable, and like Rogity, the key is finding an engineering solution to unlock the hydrocarbons from the shale.

Once the right well design and the right configuration for fracking is determined, these Polish shale assets offer the potential to add a lot of value in fairly short order.

In this part of Poland, more testing and a second well will now be drilled to follow up the Rogity-1 success, with the aim of proving Braniewo S has a commercial oil accumulation.

There are two options for the follow-up well, the first of which would be to drill on the crest of the Rogity Cambrian structure.

San Leon has mapped a large Cambrian structure at the Rogity-1 well, which it believes is a sweet spot for commercial oil production via fractures from the middle Cambrian sandstones.

Alternatively, San Leon and Wisnet may drill south of the initial hole, where regional geology and the results of the Rogity-1 indicate that the Silurian shale has higher organic content.

City broker SP Angel also highlights that a new reserves report will also be
FQ320MR
Posts: 780
Observation
Opinion:No Opinion
Price:4.10
Frus
10 Mar '14
Just another duck being lined up and I have a feeling someone has to prove he's worth his money this year they will only put up with dragging so long.

MR
frus
Posts: 958
Off Topic
Opinion:No Opinion
Price:4.05
RNS
10 Mar '14
1 step forward 5 steps back. Main points of interest to me is, clearly this has not gone as well as expected.The original plan for Wisent to drill a horizontal with multiple fracs will not now take place.
Instead Wisent has 1 of 2 other choices (both pretty vague) That is if they still wish to have a 45% stake. I'd say they have a 3rd choice, cut and run and forget the 45%.
Theres nothing meaningful in this RNS whatsoever, yet another in a long, long line of rubbish with an attempt to disguise it as successful.
Rogity will soon slip into distant memory. Note Joel Price did'nt even make a comment....
Ah well and so it goes on, for now anyway.
stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:4.08
sle news
10 Mar '14
http://www.proactiveinvestors.co.uk/companies/news/66507/san-leon-energy-plans-second-well-on-poland-concession-after-recovering-high-quality-oil-from-first-66507.html

San Leon Energy plans second well on Poland concession after recovering high quality oil from first

By Ian Lyall

March 10 2014, 7:22am
San Leon has mapped a large Cambrian structure at the Rogity-1 well, which it believes is a sweet spot for commercial oil production via fractures from the middle Cambrian sandstones.
San Leon has mapped a large Cambrian structure at the Rogity-1 well, which it believes is a sweet spot for commercial oil production via fractures from the middle Cambrian sandstones.

San Leon Energy (LON:SLE) and its partner are assessing where to place a second well on the Braniewo S Concession, in Poland’s North Baltic Basin, after flowing oil from the first.

A three-stage fracking programme on Rogity-1 helped the AIM-listed explorer and farminee Wisent recover high quality, mobile oil from the Silurian and Ordovician shales as well as the Cambrian sandstone.

The latter is thought to be the oil-water contact, while the crude had a gravity of around 39 degrees API, with no sulphur.

There are two options for the follow-up well, the first of which would be to drill on the crest of the Rogity Cambrian structure.

San Leon has mapped a large Cambrian structure at the Rogity-1 well, which it believes is a sweet spot for commercial oil production via fractures from the middle Cambrian sandstones.

Alternatively, San Leon and Wisnet may drill south of the initial hole, where regional geology and the results of the Rogity-1 indicate that the Silurian shale has higher organic content.

San Leon chairman Oisin Fanning said: "Proving the presence of mobile oil in the Cambrian tight sandstone and overlying shales at Rogity-1 is a major step forward.

“We look forward to drilling the next exploration well and shall promptly evaluate which of the two targets to drill first in order to prove up a commercial oil accumulation."
stephen54321
Posts: 73
Off Topic
Opinion:No Opinion
Price:4.08
share speculativ buy
10 Mar '14
http://www.mideasttime.com/san-leon-energy-plc-given-corporate-rating-at-finncap-sle/91312/

San Leon Energy Plc (LON:SLE)‘s stock had its “corporate” rating reiterated by equities research analysts at FinnCap in a research note issued to investors on Monday, AnalystRatingsNetwork.com reports.

San Leon Energy Plc (LON:SLE) opened at 4.163 on Monday. San Leon Energy Plc has a 52 week low of GBX 3.50 and a 52 week high of GBX 8.425. The stock’s 50-day moving average is GBX 4.29 and its 200-day moving average is GBX 4.40.

SLE has been the subject of a number of other recent research reports. Analysts at Beaufort Securities reiterated a “speculative buy” rating on shares of San Leon Energy Plc in a research note on Thursday, February 13th.

San Leon Energy plc is engaged in the exploration and production of oil and gas. The Company holds a 100% participating interest in the Durresi Block, offshore Albania.
G1lo
Posts: 96
Off Topic
Opinion:No Opinion
Price:4.10
View Thread (2)
RE: Vol and A-trades
10 Mar '14
Because Imo someone is not exactly thrilled by the results and progresses made and so unloading while someone is happy to pick them up relentlessly...impatient vs patient, all depends on your personal timeframe. Have been here long enough to learn that it s more gonna look like years than months for SLE to properly make it but still all projects are looking good and promising really, just going to need loads of patience...and money from Turkey before we run out.
thesonandheir
Posts: 201
Off Topic
Opinion:No Opinion
Price:4.10
View Thread (2)
Vol and A-trades
10 Mar '14
Why is the price not moving up with the massive amount of a trades at ask?

What is L2 looking like today then?

GLA
Searcher
Posts: 34,848
Observation
Opinion:No Opinion
Price:4.10
Vloume
10 Mar '14
10 Mil

Mmmmm



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