(SLE) San Leon Energy

IMO.

LOL Blackgold ......perhaps he's done so well that he's got a post with Talisman ..

Hence the "beware" rather than the sell. Uber bulls don't like reason on this BB, but it won't stop me posting it.

Ever thought he has done his job and now he has been successful he wants to move on or it could just personal reasons !!! It does not in anyway imply that it is because of bad results he is leaving !!!!!!

Nobody can be certain Long .........but some of the characters in our background have a habit of getting what they want ................nowwwwwwwwwwwwwwww !
Good.

There will be few who remember those Dr Who posts ...........or acknowledge them ....
But his going is enough for me to start posting again
Looks as if finally George has spoken as Sid I said he would ..............
Yes I did see it coming ...

Irresponsible news management creates price turmoil. There was a natural order to be obeyed here.

Announce result THEN sack or promote. SLE have chosen to reverse the logical stance. Who benefits from that? Certainly not us.

If the Permian is a goer, why is JB a goer? Is Siciny doing well in the background and they want to drop the price for someone?

Not sad to see the self proclaimed "oil finder" go, but really SLE, did it have to be dine like this?

Machines didn't see that one coming did they, did anyone?

Long, you could be right. Why resign to peruse family life in the US just when the company is about to hit fame and fortune? I am sure the wife wouldn't mind hanging on for another year of so if it meant an unlimited supply of Jimmy Choos for life.

15 million buy was a short being covered in a panic.

Hang on to your hats.

Sid

unreasonable ....I have been calling for a slightly less dramatic approach to this company and its prospects for a goodly while ..no higher drama can be seen than in some of the numbers bounced about on this bb ..and I would ask you to consider that too.

You are correct I did slice at 36.75P ..but others did not .....and my words back then about profit taking were not well received......lets see if they are as valid this time as then ...

However........I find some agreement with you ..we seem to be heading for production ...
And your different approach to my angle I have already stated I respect. As I do those of Links and Lanny you three seem to be much in the same camp ...there are a few others on this BB who are more in mine .......Amongst those who have been with my views mostly it is not OF we have been against it was Dr B ...I feel he has not delivered for OF ..I have stated this clearly Lelechow was a great embarrassment for OF and I will not change my mind on that.
Dr B has failed to deliver near term low risk oil and gas ..which imo has resulted in further dilution needs and made aquistion a policy to have shall we say circumspection about.
His departure will I am sure make my side of the fence happier folk ....

I would like to continue the debate about PNK Orlen ...first let me say your 9 points I knew them all and I could give you 9 points why I think we should JV with them on some or one of our big projects ..but I suspect you would know them all also ,and have considered and decided against it ...no problem

WhereI would disagree with Lanny's reply and others who supported that view of Orlen being a slow lumbering state run thing ...well the mangement look as sharp as razors but without tools and gawd ...they look like mercury sprinkled with angel dust compared to us !

my side has expressed relief that the pro's have taken over from Dr B ......look I wish him well , and every success back home ......but .....lets leave it there eh ?

Searcher

Possibly the evidence of a previous slow pace in asset progression was highlighted by the influx of others, with the slowest of 'too many cooks' deciding to exit from the kitchen. May in part explan the recent improvement in pace.

He is right with one thing though..........SLE are has "current strong positions"..........."and look forward to seeing the successful commercialization of the assets.".........and is "looking forward to my continued involvement at such an exciting time."

as he says exciting times ahead ...........

2shares

How about a far less dramatic analysis, namely that the assets are finally progressing. Halliburton, Schlumberger, UOS, Cairn, Genel were not involved when the share price was around 40p.

Neither had they made three Gas discoveries (more if AUL assets are included) and three Oil discoveries.

From memory, you previously wrote that you DID sell/topslice around that price.

2shares - well well well - the number of posts that we exchanged over Dr Who and the number of times I said that he had come with Gold Point and had worked on Nowa and that was 4 years ago. And the number of times that we said that we needed the experts.

The Permian was Dr B's Project, NM

20 May 2013

San Leon Energy Plc
("San Leon" or the "Company")

Board Change

San Leon announces that Dr John Buggenhagen, who joined the Company as Exploration Director four years ago is stepping down from the board with effect from today. John helped generate a compelling exploration and appraisal portfolio, together with a strong internal technical team who remain fully focused on the Company's assets.

Having relocated to Poland with his family during this period, Dr Buggenhagen has decided to return to the US to pursue new opportunities, and he will therefore be leaving the Company. Dr Buggenhagen will maintain a keen interest in San Leon via an ongoing consultancy agreement focused on continuing to deliver technical value throughout the portfolio. John will also continue to serve as an advisor to the Board on strategic decisions. The Company's well-established technical office in Warsaw is set up with two experienced exploration managers whose remit will now include the exploration strategy work previously performed by Dr Buggenhagen. Further strategic input has already been integrated from the Aurelian Oil & Gas team who joined the Company during the merger in January of this year.

Dr Buggenhagen comments:
"I am proud to have developed San Leon's portfolio and exploration team to their current strong positions, and look forward to seeing the successful commercialization of the assets. The technical management and staff have my full confidence to pursue this, and I look forward to my continued involvement at such an exciting time."

Oisin Fanning, San Leon Chairman, commented:
"I would like to extend my heartfelt thanks to John on behalf of the Company, for the dedication and exploration skill he has given the Company over the past four years. He leaves San Leon in an enviable position in terms of its portfolio and opportunities, and I am delighted that he will continue to work with the Company to help develop our assets. I wish him all the best for the future."

"as I should have done at 41p" ?

Glad to see that you are on the mend.

No baby has gone out with any pram I want to assure folk .....lol ....

Let us just say its ramper time shall we and I want no part of it .........
Any pence pound ramps must have subtracted from them potential dilution ....

Now if OF sells stuff on to fund drilling and production costs ..I might change my mind .....and infairness he has said if he can get a good price he will, I just am not inclined to believe him ..if not he will raise money again by dilution and I am inclined to believe that .....because thas what he does .......

However this is a fine opportunity with H&S going at it for us, to ramp away ....................
and one way or another OF is very good at that is he not ??????

I hope to take full advantage of that and slice or exit as I should have done at 41P before he takes advantage of me again ....others may have different views they are entittled to them ..
even if really they are thinking the same as me ...and not declaring it

So ......I do not want to be part of a ramping occassion which unless you are invested under 10P as I have said many times MAY end up with buyers buying in above planned dilution price ................

HOWEVER the price is under 10P at the moment errrrr painfully ! and is so a buy ......
just watch your back ......be sure I am !

It is a while since I have heard anything about onshore Morocco. Does anyone have any indication of when this may be due.

Thanks Links....If Carlsberg done share optimists then they would be called links......lol

28 December 2012


San Leon is pleased to announce a year end update on its Nowa Sol operations. The Nowa Sol exploration program is designed to test both the conventional potential and significant unconventional potential of the self-sourcing Permian Main Dolomite (Ca2). The Main Dolomite, the primary oil-producing reservoir in Poland, is a high potential, underexplored play that San Leon is focusing on for near term oil production while the Company’s large scale assets develop. Due to the self-sourcing and naturally fractured nature of the Ca2, San Leon is evaluating the unconventional potential of the interval as a significant oil producer. Initial core results indicate the formation is an ideal fracturing (frac) candidate based upon the highly brittle nature of the Main Dolomite, which is encased in perfect frac barriers in the Zechstein salts and anhydrites. The Company is looking at potential analogues in the United States including the Mississippian Limestone and the Bakken Formation to understand drilling and completion techniques to unlock the huge upside potential of the play including long offset horizontals and hydraulic fracturing. Potential analogue production for the unconventional potential of the play is also present in older completions in the Main Dolomite of Eastern Germany.
..........................the thing with this formation is that it produces conventional oil and gas and the 3D seismics are the key to find this as well as the unconventional..but its the unconventional that is the huge bonus here as the formation gives itself up to be horizontally fracktured as lanny has expressed the formation could give up billions of barrels over time,we will need partners no doubt but for sle and its holders we could be sitting on a gold mine (oil field) a truly big one and easily one of the largest in Europe.......links

http://www.nohotair.co.uk/index.php?option=com_content&view=article&id=3001tarving-to-death-in-a-boulangerie-france-s-selfish-energy-policy&catid=196&Itemid=417 links

the oil in the main dolomite is paramount to sle albeit it is just one jewel in the sle crown,its massive,the czeslaw formation hold around 500,000 bbl the formation is tight and is proving that a bit more time is required to get it to flow and flow it will sle will not leave half a million barrels of oil down there just as they are not going to leave lecechow , once they have unlocked the door on chzeslaw then the other 8 wells including lecechow will follow,this formation is the same all the way through and once unlocked it will be massive for us...When you think about it sle have done extremely well on the licence front,with all this acreage they are at the forefront of an amaising time,at present we wait and watch for news,we have extremely world class companies working with us ..this could be magnificent in a few months time..atb links

Eadwig

"The momentum is all important here - I wonder at what point on the way to your target actual production / revenues have to kick in to keep the momentum going?"

If SLE can prove that Oil will flow from the Main Dolomite, through their testing of Czalaw, then it should also give credence to their estimations of 4 Billion Barrels of Oil (Risked) with a further estimation of more than a Billion Barrels of Oil Recoverable in the Main Dolomite.

When Seymour Pierce were putting their valuation on Barryroe for PVR in October of last year, they assumed a $7 (£4.50) valuation per Barrel.

Their total vauatuon for Barryroe for PVR was roughly £7.50 per share and it nearly reached the £7.50 mark and currently trades at around £5 per share, prior to production.

As SLE has estimated a 4 Billion Barrel Risked (possibly 12 Billion Barrels Unrisked) resource onshore (with a considerably lower production cost than an offshore operation, such as Barryroe) , to value SLE's Oil in the Main Dolomite at less than $3 per Barrel of Oil for the 1 Billion Barrel Recoverable or less than 75 cents per Barrel for the Risked estimation of 4 Billion Barrels, would not be beyond the realms of possibility. This would provide Comura with his 100p per share at SLE.

It is imperative, however, that SLE prove that Oil will flow on the Main Dolomite as a prerequisite, (which might happen at Czaslaw very soon) therefore proving the 'concept' of the play prior to the market attempting to understand and attach valuations to it. A positive factor in addition is that the Oil in Poland is just one of the many assets.

et bonne chance a vous et tous.

Hi Comura and other TA'ers,

Sorry I did not mean to undermine you TA posts. I actually was as gleeful as you when we passed the MA20/50 point and thank you for pointing it out.

Whats the next upward indicator?

Thanks

Sid

DD and Bolty, spot on.

Leun a sylli yw ow skath bargesi

Chons da! To us all this week.

All the best

Sid

"Only another 92 to go until it reaches my target."

The momentum is all important here - I wonder at what point on the way to your target actual production / revenues have to kick in to keep the momentum going?

http://hillpost.in/2013/05/changing-the-oil-game-shale-gas/79043/

Hey Guys/Gals,

When are we due the results of the recent capped bore (the one which released 10cubic metres of hydrocarbon/hr without frac)? Cheers. S

It'd be good to maintain momentum wrt the 20 and 50 SMAs crossing.

http://uk.stoxline.com/q_uk.php?s=sle links

A single rns for an AIM can decimate the sp or cause it to rocket. The charts, of course, can't anticipate that so that's where they're of no use to an AIM investor. But nevertheless they still show the attitudes of investors between pieces of news. So they show investor trends in anticipation of news, or following news, or over long periods where there's a complete absence of news. Looking at the SLE chart, there are long periods of clear trends interspersed with occasional break-outs or dives. So a mix of tactics is best. In February 2012, for example, the MA20 crossed above the MA50 and 30 million shares were traded on that day. But there was no imminent news expected so the break-out wasn't sustained for long. Hopefully yesterday's break-out will this time be followed by news of game-changing results. The sp has finally recovered another penny, going from the 7s into the 8s. Only another 92 to go until it reaches my target...

forgot to say you got to buy to though..

http://finance.yahoo.com/news/research-markets-morocco-exploration-production-102900145.html

Falmouth by any chance sid

where with a Doombar (my beer of choice) one could have a Tin Miner's pasty.

Enjoy.

Good to hear from you Sid lad, I've an offer on a boat myself at the moment (again not helped by the lack of fortune here). I'm resigned to having it as a placeholder this season for a brand new Fairline next year if SLE and/or my other three come in.

"and off which beach is it moored?"

DD, a clue, the third largest natural harbour in the world. So, in fact many many sandy beaches and if the weather isn't too good, fine pubs. The most temperate climate in the UK.

All the best my friend,

Sid

and off which beach is it moored?

"Some one somewhere is confident to go straight in with 15m."

---------------------

Of course the 15 million buy could be a short position being covered as it would be far too risky to keep it open over the weekend as news may well be out (good or bad) on Monday.

Easy to read what "we" want to read into any event that happens.

Obviously when, as as happened over the last couple of weeks, there has been a continual rise, then the machines (TA) will ring bells and draw attention to the rise. The machines actual know fek hall about human phycology, which in fact is what actually drives the market. They only know what has happened.

As encouraging as the data is, the machines have no idea about what the news will be. They will be happy to tell you to sell, the day after the price has crashed, because news was good but not good enough to feed the greed of man. They are not fast enough to beat the day trader or the private investor who is prone to panic.

We all know the only thing that will make us rich(er) is drill results, and perhaps the very ignorant and arrogant Mr. Fanning will get it right eventually, he seems to be trying quite hard at the moment. But this rise is being driven by Halliburton and Schlumberger and perhaps Cairn, Experts who realise that trust is built via truth and news flow, not Fanning and the BOD who seem to use the Irish method of Blarney to keep us uninformed. This company will be made by expert outsiders with the BOD gleefully hanging onto their coat-tails.

"This time next year Rodney"

I am not back here on the BB full time, (thank God I hear you say, lol). As mentioned a few months ago I have more important fun to be had this summer. Bought the (second) Yacht in the UK, not so new, not so big as I was hoping, but I have done it without the help of SLE or the Polish government, both of which are mere amateurs in the world of unconventional gas and oil exploitation. So I will be ignoring SLE for a while, just like they have ignored my last 15 or so attempts to communicate with them, just like they ignore us all.

Thank heaven that the experts have decided to take over from Fanning, it was them that decided to join us, not Fanning deciding to let them have a cut, we would be stuffed if they had not approached SLE with their offers. Don’t praise Fanning too much, he is using “the luck of the Irish” investment method.

A few months ago I was thinking "Sell in May and go away", well not exactly, but I have de-risked and re-risked a few times trading in and out, now have the same holding at a slightly lower average.

Now bring on a long hot summer where the only shorts needed will be on the Yacht, anchored off the beach.

Sid (you isn't seem me, right)



Sid

8.13 and on the way up, we hope!

Nice to see you over here Ginty...

Hope we can all see some nice rises now as the Company’s plans take shape...

Some find somewhere is confident to go straight in with 15m.