Last week I interviewed Oisin Fanning, the boss of San Leon Energy (SLE) for a video for the ShareProphets shares show which you can see HERE. It was utterly compelling and on May 6 I put 8% of my pension into the stock, something I discussed in my main stage talk on AIM Rogues, at the show, HERE. There has now come a bombshell...
Updating on San Leon Energy (SLE) earlier this month, we concluded that the shares, despite having recovered somewhat to 19p, still suggested very little for the “growth and progress” CEO Oisin Fanning looked forward “with confidence to updating shareholders on”. They are currently above 23p on the back of a “Proposed Special Dividend” announcement…
As an “oil and gas production, development and exploration company”, shares in San Leon Energy (SLE) are down from the levels - in its case approaching 30p - of earlier this year. Now announcements of “Directorate Change” and also “Cash Receipt of US$40 Million”…
San Leon Energy (SLE) has announced results for the first half of 2019 and “Eroton continues to progress operationally to target delivering returns from OML 18. Following the March 2019 share repurchase, the company anticipates distributing cash to shareholders in the form of dividends, and expects to announce its first dividend in due course”…
San Leon Energy (SLE) has announced 2018 calendar year results, that “progress in late 2018 into 2019 on the operational and financial challenges faced by Eroton on OML 18, augur well for San Leon's future” and that “San Leon and SunTrust have now signed binding agreements which terminate all litigation against San Leon, and preclude any future such litigation”…
San Leon Energy (SLE) “is pleased to announce that the Akaso-15 well (known as OSMU-1 prior to completion) has been drilled and completed, and connection of the well to the pipeline system is anticipated by Eroton to finish this week. The well is expected to be brought onto production during the first half of March”…
A tender offer announcement from San Leon Energy (SLE) – and the shares currently more than 17% higher, above 35p in response…
San Leon Energy (SLE) “is pleased to provide an update with regards to the OML 18 reserves-based lending facility held by Eroton Exploration and Production Company Limited, the operator of OML 18”…
With “all cash calls have been received for 2017 and are up-to-date for 2018”, San Leon Energy (SLE) now “is pleased to announce that it has been informed by Eroton that all of the 2015 NNPC cash call arrears have now been paid to Eroton and only approximately $20 million of arrears remain for 2016”. What does this mean?...
San Leon Energy (SLE) has announced that Midwestern Oil & Gas Limited has notified it that Midwestern has entered into a binding agreement with SunTrust Oil Company Nigeria Limited to acquire SunTrust's equity interest in San Leon, that is 14.29% of the company.
San Leon Energy (SLE) has announced results for the first half of 2018 and that net cash generation sees it progressing a strategy to deliver value to shareholders…
San Leon Energy (SLE) has announced results from the 2017 calendar year, “when the company faced significant challenges” – but emphasising it’s now able to focus further on yielding value from “a world-class asset with substantial reserves and a CPR target gross production rate of over 100,000 bopd” – (it’s indirect economic interest in) OML 18, onshore Nigeria…
San Leon Energy (SLE) has announced it has terminated discussions with Midwestern Oil & Gas and trading in its shares has recommenced on AIM - with it arguing “a number of positive developments across its business… Our financial position is much stronger than when discussions with Midwestern commenced”…
San Leon Energy (SLE) has reported on a number of “issues”, though with CEO Oisin Fanning arguing these “are not expected to affect, materially, the long-term field performance, whilst in the shorter term San Leon has a number of protections in place for receiving loan note repayments which are expected to be approximately $19 million per quarter” But does anyone believe Mr Fanning any more?…
With its shares having only returned from annoying suspension in September, San Leon Energy (SLE) is now at it again - the behaviour of this company is, even by the standards of the AIM Casino, sholckingly bad.
Despite a conditional takeover offer “of approximately 67-76 pence per share” currently remaining in-play, shares in San Leon Energy (SLE) remain depressed – at a current 25p offer – following recent newsflow.
San Leon (SLE) has updated on the suspension of its shares - something that has now lasted a week. We have been in constant communication with the company and are relaxed about the situation, not expecting it to last much longer.
San Leon Energy (SLE) has announced an early stage bid approach. Its shares are up to 49.5p on the news just down on our tip price but we hope you've followed our advice since and averaged down so are in the money. San states:
After hours announcements are poor form and in that regard we are not wowed by San Leon (SLE) sneaking this out at close to 6 PM earlier this week. On the other hand an adverse Polish court ruling was a) well flagged and b) just not material. San Leon states:
Don't tell the compliance officer round at SP Angel that we have published this as he ( or she, I know not) is a dickhead who reckons that the fine research from that broker should go to institutions only and not peasants like you. But Zac "the knife" Phillips has today published a 100 page report on San Leon (SLE) in which he notes that the shares, now 44.75p after results this morning are worth 101p to 120p. We own the stock so are minded to agree that the shares are very cheap although Zac is perhaps a tad more optimistic than we are.
Hello Share Scuffers. As I write the price of Brent crude is $47.62 dollars a barrel. That is lower than recent days when the price crawled back above $50. However, the trend is up and after reaching a nadir of $38 dollars a year or so ago, well the current oil price is a lot better now than it was.
Oh no, you cry, not that old dog? San Leon Energy (SLE) has suffered disaster after disaster as an AIM stock over the years and its CEO Oisin Fanning appears to have been well rewarded for failure. Anyhow, everyone hates oil stocks. Yes you are correct on all counts which is why the market has failed to recognise what an amazing deal Mr Fanning has just pulled off. The shares will be re-rated rapidly as that sinks in and as oil prices start to push higher - we expect to see $60 oil by Q1 2017. Therefore buy San Leon today at a 45.5p offer.
Well that is the forecast anyway for those who took part in the San Leon (SLE) placing at 45p details of which were announced today. For once we are on the same side as Tosca Fund which did most of the placing as we also had a modest nibble. Delivery is the key but on those sort of forecasts it would be rude not to invest.
Featuring shares in Atlas Development (ADSS), Goldplat (GDP), Metal Tiger (MTR), Oxus Gold (OXS), San Leon Energy (SLE), Victoria Oil & Gas (VOG) with share price targets for all five stocks.
If you want me to analyse a stock for you just drop me a line at email@example.com - Today I look at Petroceltic (PCI) , San Leon Energy (SLE), XLMedia (XLM)
If you want me to analyse a stock for you just drop me a line at firstname.lastname@example.org - Today I look at Castleton Technology (CTP), Netscientific (NSCI), San Leon Energy (SLE).
Martin Hughes is no mug, you don’t get the nickname “The Rottweiler” for nothing. The head of the US $7 billion Tosca fund doesn’t suffer fools gladly, he has just put £16 million of Tosca’s money into San Leon Energy as part of today’s £29 million Placing. In addition to its current shareholding of approximately 22% in San Leon, this investment would take Tosca's total shareholding after the Placing to approximately 41.5%.
This morning, San Leon Energy (SLE) announced a conditional placing to raise £29million. The proposed price of this fundraising is the equivalent of 0.8p in current money, but San Leon also plans to push through a 100-1 consolidation so the real price will be 80p. Based on the miserable track record of this company, about the only thing it looks like this move could achieve is to open the door to is further future catastrophic dilution.
For those long suffering San Leon Energy (SLE) shareholders who have seen the stock fall by 28% in 2012, by 55% in 2013 and by 54% in 2014, some pain relief came yesterday when the company announced its first commercial conventional gas discovery, onshore Poland at its Rawicz test well.
Hello Share Stackers. I looked at the list of big risers today and was gratified that San Leon (SLE) the oil and gas outfit, was up by a third. Wonderful, I thought. Which is always my reaction when I see one of my penny shares towards the top of the 'massive gains' list.
San Leon Energy (SLE) was among the three companies presenting at the last ShareProphets seminar. The video of CEO Oisin Fanning – who faced one or two tough questions - can be found below.
After a brief look at the San Leon (SLE) accounts for 2012 into 2013 I feel even more aggravated by the strokes pulled by directors on the take. Today we hear the confessions of a CEO from IGAS Mr Andrew Austin who through RNS release admits his part in the Equities First Holdings LLC facility here . It would seem that the markets are not really clear on such deals but looking at the Quindell (QPP) saga you can just feel which way this is going to end up for Austin. I'm sure writers will be lining up to pull the CEO apart by his bullshit statements of how he's aligned to his shareholders yadda '' Frack off Austin, you are full of shit ''
I met up with Oisin Fanning of San Leon Energy (SLE) some weeks ago and though I liked him greatly I told him point blank that he was overpaid and his interests were thus not aligned with those of shareholders. I made a suggestion and to his credit he has taken it onboard 100% as the publication of today’s AGM agenda shows. This is a groundbreaking victory for The Sheriff and a great day for shareholder democracy and empowerment and I’d like to see it rolled out across the AIM Cesspit – a Fanning Rule.
San Leon Energy (SLE) is trying its hardest to get noticed by the market. Over the course of May the company has issued three RNSs; one director purchase and two updates on Poland referring to farm-in discussion for the company’s Permian/SW Carboniferous Basin play in Poland. And no one gives a damn.
Over the last year, the daily chart of San Leon Energy (SLE) has had a rather nasty habit of losing a couple of pence every quarter. This will obviously not have gone down very well with the fan club of this stock.
Leading resource broker Fox Davies has published a note on San Leon Energy (SLE) in light of the deal announced earlier this week with Baker Hughes. It argues that the NAV of the shares is 22p – the share price is just 4.2p.
Even a casual glance at the daily chart of San Leon (SLE), over the past year, will tell you that it has not been a happy time for the bulls. Since January 2013, we have seen the share price almost exactly halve. Looking even further back and the story become even more of a tragedy.
There has been plenty of speculation for San Leon Energy (SLE) in recent months and years, but until now the group has clearly disappointed on a technical basis, if not the fundamentals.
Looking for Oil & Gas companies that need further investigation? Have a butchers at San Leon Energy (SLE). Although in the forthcoming weeks I'll be highlighting some of the potential the company holds I shall start with the pigs that are the board of directors. Can I tip a stock where the board is so 100% porcine?
Nothing in the stock market is certain, apart from uncertainty itself, the recent charting history of San Leon Energy (SLE) shows how the bulls have really been in the backseat on the technical front for months, if not years. Things may be changing.
It has been noticeable in recent weeks how various brokers have been attempting to get on the bandwagon in terms of the smaller oil stocks/private investor favourites in the oil & gas area.
It has been something of a struggle to say the least for followers of Europe / North Africa focused oil & gas explorer San Leon Energy over the past couple of years.
Whether or not San Leon Energy (SLE) shares have finally delivered a lasting rebound, it can be said that if this is a false dawn on a 2 year journey down from 40p plus, this may be regarded as the most convincing of the lot.
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