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San Leon Share Chat (SLE)



Share Price: 2.465Bid: 2.43Ask: 2.50Change: 0.00 (0.00%)No Movement on San Leon
Spread: 0.07Spread as %: 2.88%Open: 2.50High: 2.50Low: 2.465Yesterday’s Close: 2.465



Share Discussion for San Leon (SLE)


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linksdean
Posts: 1,450
Off Topic
Opinion:No Opinion
Price:2.40
mall
10 Jun '14
don't forget that's 1 horizontal..if they multi batch and with ordered materals.multi drill etc the costs come down but the gas production price doesn't!..1 well can have 16 laterals from it..on 1 pad 16/20 wells can be done x that by 16..cost is dramatically reduced but gas prices stand the same..these wells are to see if production can be achieved and if so..economic commercialality..then times that by 1000s of wells over decades..costs tumble..ie one after the other after the other and so on..atb links
 
mallorca
Posts: 104
Off Topic
Opinion:No Opinion
Price:2.40
3Legs CEO video
10 Jun '14
I watched the video recording of this interview and he did say that 1.5mmcft/d would be a commercial rate, although he would like to see a lot more than that. At £6000 per mmcft that equates to £9k a day or £3.2m a year. Bearing in mind the cost of the well (£10m ?) I fail to see that as being a commercial rate in any shape or form. If the well were to flow at that rate for 20 years then you could argue it was, but this is a shale well and they don't usually do that.
. . . . Aurelian had 3.2mmcf/d from Trzek 3 and that was considered a failure. So I have no idea why he quoted such a low figure from a frac'd horizontal.
jollyspeculator
Posts: 12,823
Off Topic
Opinion:Strong Buy
Price:2.40
View Thread (2)
Giuseppe
10 Jun '14
Their execution has been poor; the sp has tanked; it may fall ever lower...no one here is an insider (I assume), so we speculate

...you are sceptical which seems more than fair given the history

...I am (relatively) bright eyed and bushy tailed..but that may wear off soon enough as the plough through their dwindling cash and achieve ??
Giuseppe
Posts: 1,000
Question
Opinion:Hold
Price:2.42
The only thing that is
10 Jun '14
Flowing is a stream of useless, repetitive spiel that is all base on ifs buts and maybes. Let's keep it simple for genuine posters or investors.

What is SLE's business plan? And what actions have they displayed to date on how to execute that plan successfully ?
jollyspeculator
Posts: 12,823
Off Topic
Opinion:Strong Buy
Price:2.42
we can live in hope
10 Jun '14
of t/o...that might achieve much the same lol
Gazza2706
Posts: 57
Observation
Opinion:Hold
Price:2.42
Useless
10 Jun '14
Any where else the board would have been sacked 90% down in 3 years...
Stockraiser
Posts: 299
Off Topic
Opinion:No Opinion
Price:2.42
the rats are coming out
10 Jun '14
Must be time for a rise in the sp ;-)
ChartTrader
Posts: 53
Off Topic
Opinion:No Opinion
Price:2.42
frus
10 Jun '14
The headline figures from bnk might make the uneducated sell first thing.
Cracking the code and getting good flow rates from a shortened frac will
get the educated all hot and bothered.
This is not about production from this well. it is about proving the concept and#
linksdean
Posts: 1,450
Off Topic
Opinion:No Opinion
Price:2.42
frus
10 Jun '14
1.5mmcfd and over is the mark needed to hit to be commercial as stated by 3legs ceo..sle got at lowest 200,000scfd from 1 half of the formation..bnk are doing both ie 50m,so going on JP remarks on lewino results and extraproaling it by 7..200,000x2=400,000scfdx9=3.6mcfd..=commercial flow rate..this is low end could be more or less...but I wouldn't be calling it a failure yet..if they got effective stimulation on 9 fracs it means they got the proppant to connect..fingers crossed!!
jollyspeculator
Posts: 12,823
Off Topic
Opinion:Strong Buy
Price:2.42
code 1
10 Jun '14
lets hope pigs can fly



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