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San Leon – this smells

2021-08-09 08:53:23

There is a curious update today from San Leon Energy (SLE) regarding another of its Nigerian partners which seems a tad slow to hand over cash it owes. This smells.


San Leon Energy deals in Nigeria could come at just the right time to take advantage of higher oil prices and an easing of OPEC restrictions

2021-07-25 15:55:27

Like many oil and gas companies at the lower end of the market, San Leon Energy (SLE) has had its fair share of ups and downs over the years, but in recent times has been heading in the right direction as it builds its business producing oil in Nigeria.


San Leon – One huge embarrassment one very, very positive rumour

2021-01-02 16:24:57

Back on 11 May 2020, it was announced that San Leon Energy (SLE) boss Oisin Fanning “had purchased” 98 million shares from Tosca Fund at 21p a pop on 7 May. The shares were cum dividend.


San Leon Energy – another investment with returns from repayments and equity...

2020-09-04 08:22:00

San Leon Energy (SLE) has announced a conditional investment which it emphasises “gives us the opportunity again to generate a meaningful return from repayments in the coming years as well as looking forward to a longer-term dividend return from our shareholding”...


San Leon Energy – Nigerian oil export system investment; “delighted” understandable...

2020-08-05 16:31:29

San Leon Energy (SLE) is delighted” as it “announces that it is investing US$15 million in Energy Link Infrastructure (Malta) Limited, the company which owns the Alternative Crude Oil Evacuation System project"...


San Leon Energy – 2019 results and now about to capitalise on a strong position?, Buy

2020-06-27 11:45:08

San Leon Energy (SLE) has announced results for the 2019 calendar year and that “our robust financial position, additional significant funds expected to be received in the in the next 18 months, existing and anticipated new projects, are planned to continue to provide continued shareholder returns. We are proud to have distributed US$66.0 million to shareholders in the past 15 months”


San Leon Energy and the missing dividends – does Computershare realise it’s not 1974 any more?

2020-06-10 13:37:52

Do not get me wrong, I am told that there were some great things about the 1970s: The Sweeney, Starsky & Hutch, pre AIDS casual sex, The Harlem Globetrotters, Star Wars, Abba, the rise of Maggie… the list goes on an on. But while we may yearn for much of that, surely we do not want to go back to a world where we receive payments by cheques sent in the post? That is more George & Mildred than Debbie Harry.  Over at registrars Computershare it seems that time has stood still and they are still watching and laughing at Brian Murphy and Yootha Joyce.


San Leon Energy - is this the most gutsy director buy ever seen on AIM?...

2020-05-13 15:49:55

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...


San Leon Energy – proposed special dividend further emphasises confidence: BUY

2020-05-02 14:14:01

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…


San Leon Energy – receipt of $40m loan notes payment & a new NED, remains a buy…

2020-04-09 15:42:56

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 – interims and net cash generation sees dividends ahoy: Buy!

2019-10-05 10:11:42

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 – 2018 results and recent developments augur well - BUY

2019-07-01 13:19:40

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 – following "great news" tender offer, operational progress also continues

2019-03-02 02:31:14

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”


San Leon Energy – great news; tender offer at 46p per share

2019-02-22 01:30:00

A tender offer announcement from San Leon Energy (SLE) – and the shares currently more than 17% higher, above 35p in response…


San Leon Energy – OML 18 operator refinances, positive momentum continuing to build - BUY

2019-01-11 02:00:00

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”


San Leon Energy – OML 18 arrears being paid, “a very positive step”. Indeed - buy

2018-12-28 01:16:23

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 – new shareholder, that name rings a bell. Buy

2018-10-03 07:30:08

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 – shares up on results announcement, looks more to come: buy

2018-09-28 07:40:47

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 – results from a ‘challenging’ 2017… but outlook now promising - BUY

2018-06-30 02:00:49

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 – M&A discussions terminated, but positives as shares resume trading

2018-04-24 05:50:00

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 – a number of OML 18 “issues”. Being addressed? Really?

2018-02-25 03:27:21

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?…


San Leon – having only returned in September, shares suspended AGAIN! Shockingly bad disclosure

2017-11-11 08:47:55

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.


San Leon Energy - operational updates and what about the China bid?

2017-10-19 04:42:05

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 - not long till shares trade again

2017-07-11 00:13:49

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 bid approach - Hold pro tem - any bid must be at c70p +

2016-12-20 06:37:59

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:


San Leon - Polish Court Decision: BUY

2016-10-16 04:57:32

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:


San Leon at 44.75p - worth 101p to 120p says SP Angel in 100 page report ( you aren't meant to read, peasants)

2016-09-30 00:38:00

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. 


Oil's Well that Ends Well - Stand By for A Rising Price

2016-09-06 00:05:19

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.


Buy San Leon at a 45.5p offer

2016-09-04 03:51:20

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.


San Leon 2017 yield 19% and PE 2.6 - we are in

2016-08-26 01:15:06

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. 


Zak Mir's Bulletin Board Heroes: Atlas Development, Goldplat, Metal Tiger, Oxus Gold, San Leon Energy, Victoria Oil & Gas

2015-10-18 03:42:58

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.


Zak Mir's Great Request Show: Petroceltic, San Leon Energy, XLMedia

2015-09-22 00:55:37

If you want me to analyse a stock for you just drop me a line at - Today I look at Petroceltic (PCI) , San Leon Energy (SLE), XLMedia (XLM)


Zak Mir's Great Request Show: Castleton Technology, Netscientific, San Leon Energy

2015-07-02 03:09:58

If you want me to analyse a stock for you just drop me a line at - Today I look at Castleton Technology (CTP), Netscientific (NSCI), San Leon Energy (SLE).


San Leon Energy; Serious Due Diligence Now Completed

2015-06-01 04:16:13

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%.


San Leon Energy; £29million for this?!!!

2015-06-01 02:34:44

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.


San Leon and Poland what does it mean?

2015-02-26 01:26:08

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. 


Take the Daily 'Big Winner' Lists with a Big Pinch of Salt.

2015-02-13 01:48:18

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.


Video of San Leon Energy Presentation at ShareProphets seminar 24th November

2014-12-01 08:04:10

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.


San Leon – Fanning has got to Go!

2014-11-27 06:58:45

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 ''  


Oisin Fanning and San Leon – gold star heroes of the day on AIM: a win for the Sheriff

2014-06-30 06:27:19

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 – why the market isn’t buying it

2014-05-27 12:29:00

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.


San Leon Energy: Still Backed To Return Towards 6p Plus After January Unfilled Gap Higher

2014-02-14 10:48:43

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.


San Leon Energy at 4.2p – NAV is 22p says Fox Davies

2014-02-13 12:35:57

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.


San Leon Energy: V Shaped Bull Flag Above 50 Day Moving Average Targets 6p Plus

2014-02-12 09:38:09

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.


San Leon Energy: Buy - Gap Through 50 Day Moving Average Could Lead Back To Main 6p Resistance

2014-01-23 15:44:07

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. 


San Leon – A Truly Naive Northerner writes...

2013-11-22 11:20:43

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?


San Leon Energy: Buy at 3.96p on signs of Bullish Divergence - 5p Target

2013-11-04 11:16:16

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.


San Leon Energy (SLE) And the Broker Kiss Of Death

2013-06-07 09:02:06

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.


Buy San Leon Energy: No Need For Soros To Average Down Now

2013-05-08 02:46:14

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.


Buy San Leon Energy: The Stock’s Finally For The Turning – Target 9p

2013-04-19 08:55:43

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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