San Leon Energy Live Discussion

linksdean 08 Jan 2020

Could be interesting! [link] Saudi state oil tanker company suspends shipments through Hormuz

Eadwig 08 Jan 2020

New Buy Back Oct 2019 Date ++ Shares ++ Price ++ Total. Running Total* 03. Dec. 91,911 -27.20p £25,250 $1,018,796 Over 50% complete 04. Dec. 90,025 -27.77p £25,250 $‭1,051,874 05. Dec. 90,909 -27.50p £25,250 $‭1,084,952 06. Dec. 89,831 -27.83p £25,250 $1,118,030 09. Dec. 87,412 -28.60p £25,250 $‭1,151,360‬ 10. Dec. 87,108 -28.70p £25,250 $1,‭184,690 11. Dec. 88,028 -28.40p £25,250 $1,218,020 60% Completed 12. Dec. 87,719 -28.50p £25,250 $1,251,602 13. Dec. 87,196 -28.67p £25,250 $‭1,285,437‬ 16. Dec. 88,683 -28.19p £25,250 $1,‭319,272‬ 17. Dec. 89,285 -28.00p £25,250 $1,352,350 18. Dec. 88,967 -28.10p £25,250 $1,385,427 Approx 70% complete 19. Dec. 90,415 -27.65p £25,250 $1,418,506 20. Dec. 89,928 -27.80p £25,250 $1,‭451,331‬ 23. Dec. 89,285 -28.00p £25,250 $1,483,904 24. Dec. 89,573 -27.91p £25,250 $1,‭516,477 Approx 75% complete 27. Dec. 89,349 -27.98p £25,250 $1,549,302 30. Dec. 89,928 -27.80p £25,250 $1,582,380 31. Dec. 89,285 -28.00p £25,250 $1,615,710 Approx 80% complete 02. Jan. 89,285 -28.00p £25,250 $1,649,040 03. Jan. 89,285 @28.00p £25,250 $1,682,118 06. Jan. 89,928 @27.80p £25,250 $1,715,196 07. Jan. 89,928 @27.80p £25,250 $1,748,274 SLE continue to disappoint with a flat price drop as oil prices rise to recent highs. The market just does not recognise them as an oil producer, which, of course, they aren’t. Not directly. Perhaps the market is pricing them on their ability to recover cash and pay it out to shareholders as promised. In which case there will have to be an announcement about further buybacks or dividends very soon or it shall re-visit @22p when the buyback steroids run out in a week or two. Total number of Ordinary Shares in issue with voting rights now ‭450,765,375‬ *Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.

Eadwig 07 Jan 2020

New Buy Back Oct 2019 Date ++ Shares ++ Price ++ Total. Running Total* 03. Dec. 91,911 -27.20p £25,250 $1,018,796 Over 50% complete 04. Dec. 90,025 -27.77p £25,250 $‭1,051,874 05. Dec. 90,909 -27.50p £25,250 $‭1,084,952 06. Dec. 89,831 -27.83p £25,250 $1,118,030 09. Dec. 87,412 -28.60p £25,250 $‭1,151,360‬ 10. Dec. 87,108 -28.70p £25,250 $1,‭184,690 11. Dec. 88,028 -28.40p £25,250 $1,218,020 60% Completed 12. Dec. 87,719 -28.50p £25,250 $1,251,602 13. Dec. 87,196 -28.67p £25,250 $‭1,285,437‬ 16. Dec. 88,683 -28.19p £25,250 $1,‭319,272‬ 17. Dec. 89,285 -28.00p £25,250 $1,352,350 18. Dec. 88,967 -28.10p £25,250 $1,385,427 Approx 70% complete 19. Dec. 90,415 -27.65p £25,250 $1,418,506 20. Dec. 89,928 -27.80p £25,250 $1,‭451,331‬ 23. Dec. 89,285 -28.00p £25,250 $1,483,904 24. Dec. 89,573 -27.91p £25,250 $1,‭516,477 Approx 75% complete 27. Dec. 89,349 -27.98p £25,250 $1,549,302 30. Dec. 89,928 -27.80p £25,250 $1,582,380 31. Dec. 89,285 -28.00p £25,250 $1,615,710 Approx 80% complete 02. Jan. 89,285 -28.00p £25,250 $1,649,040 03. Jan. 89,285 @28.00p £25,250 $1,682,118 06. Jan. 89,928 @27.80p £25,250 $1,715,196 SLE continues to disappoint with a price drop as oil prices soar. The market just does not recognise them as a successful oil producer. Make of that what you will. Total number of Ordinary Shares in issue with voting rights now ‭450,855,303‬ *Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.

linksdean 06 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 6 Jan 20 Oil price hits $70 on Iran - U.S. tensions Oil prices rose a further 2 per cent on Monday, pushing Brent above $70 a barrel, as rhetoric from the United States, Iran and Iraq fanned tensions in the Middle East after a U.S. air strike which killed a top Iranian military commander. Brent crude...

linksdean 06 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 6 Jan 20 Notore secures N13.2bn loan for maintenance purposes Notore Chemicals Plc says it has secured a N13.2bn loan for equipment maintenance. The company said in a statement that the loan was secured from the African Export-Import Bank for the planned turnaround maintenance. It announced the commencement of...

Eadwig 06 Jan 2020

New Buy Back Oct 2019 Date ++ Shares ++ Price ++ Total. Running Total* 03. Dec. 91,911 -27.20p £25,250 $1,018,796 Over 50% complete 04. Dec. 90,025 -27.77p £25,250 $‭1,051,874 05. Dec. 90,909 -27.50p £25,250 $‭1,084,952 06. Dec. 89,831 -27.83p £25,250 $1,118,030 09. Dec. 87,412 -28.60p £25,250 $‭1,151,360‬ 10. Dec. 87,108 -28.70p £25,250 $1,‭184,690 11. Dec. 88,028 -28.40p £25,250 $1,218,020 60% Completed 12. Dec. 87,719 -28.50p £25,250 $1,251,602 13. Dec. 87,196 -28.67p £25,250 $‭1,285,437‬ 16. Dec. 88,683 -28.19p £25,250 $1,‭319,272‬ 17. Dec. 89,285 -28.00p £25,250 $1,352,350 18. Dec. 88,967 -28.10p £25,250 $1,385,427 Approx 70% complete 19. Dec. 90,415 -27.65p £25,250 $1,418,506 20. Dec. 89,928 -27.80p £25,250 $1,‭451,331‬ 23. Dec. 89,285 -28.00p £25,250 $1,483,904 24. Dec. 89,573 -27.91p £25,250 $1,‭516,477 Approx 75% complete 27. Dec. 89,349 -27.98p £25,250 $1,549,302 30. Dec. 89,928 -27.80p £25,250 $1,582,380 31. Dec. 89,285 -28.00p £25,250 $1,615,710 Approx 80% complete 02. Jan. 89,285 -28.00p £25,250 $1,649,040 03. Jan. 89,285 @28.00p £25,250 $1,682,118 Total number of Ordinary Shares in issue with voting rights now ‭450,945,231‬ *Approx Running total in US Dollars inc. 1% stamp duty Fx rate taken from US close and rounded to the nearest cent.

linksdean 05 Jan 2020

Could be interesting! BBC News Iran rolls back nuclear deal commitments Iran lifts all limits on uranium enrichment, effectively ending its commitments to the 2015 nuclear deal.

linksdean 05 Jan 2020

Could be interesting! [link] " Total export crude oil and gas receipt for the period of September 2018 to September 2019 stood at $5.68 billion, out of which the sum of $4.23 billion was transferred to JV cash call as first line charge and the balance of $1.45 Billion was paid into federation account."

linksdean 04 Jan 2020

Could be interesting! Interesting post by poster BlackSwan lse blog… Zero Hedge CapEcon: If Iran Closes The Strait Of Hormuz, Crude Would Jump To $150 "If Iran tried to close off the Strait of Hormuz, we’ve previously estimated that Brent crude would jump to $150pb. This would push up inflation across the world – by as much as 3.5-4.0%-pts in the OECD countries."

linksdean 04 Jan 2020

Could be interesting! Energy News | Oil and Gas News – 3 Jan 20 Potential cuts by OPEC to keep oil price above Nigeria's budget benchmark Though observers see the price of international oil benchmark Brent crude at anywhere between $59 to $70 per barrel for 2020, based on varying projections for supply, global demand and whether OPEC’s latest production cut deal will see full...

Eadwig 03 Jan 2020

Could be interesting! linksdean: The huge obligations will force drillers to cut spending, potentially bringing the shale boom to a halt. It wont though because oil prices will rocket if shale companies stop producing. Victims of their own success. When I first started investing in US frackers they were talking about ‘$4 per BTU for gas to break-even so there was plenty of leeway’. Nat gas hasn’t seen $3 in US for years and $4 is a distant memory. Closed at $2.12 per BTU (British Thermal Unit) last night! So, first lot of shale plays that went out of business were those that hadn’t found oil as well as gas. Now they’re struggling even though most should be ok with anything like $60 for West Texas crude … but, its looking like a lot of them made some very bad loans with hindsight. Don’t forget many will have loans from pre-financial crisis … They could drag a lot of banks down too if things get really bad, so I’m sure the banks are arranging re-financing deals like mad. Even so that 200 number is expected to grow as I posted here a few weeks ago. Some quality names on the brink too. The weekly rig count is nearly half of what it was when it peaked at well over 1400 (from memory, oil and gas) in 2014. 796 was the number today, with 670 of those oil rigs.

linksdean 03 Jan 2020

Could be interesting! WSJ Energy Producers’ New Year’s Resolution: Pay the Tab for the Shale Drilling... The bill is coming due for the shale industry’s price war with OPEC, with North American oil-and-gas companies having more than $200 billion of debt maturing over the next four years. Wow! $200 billion in shale debt due in next four years. Roughly $200 billion in North American oil and gas debt will mature in the next four years, according to the Wall Street Journal, which includes $41 billion due this year. More than 200 companies have already filed for bankruptcy since 2015, but that number will continue to rise as drillers struggle amid the crushing weight of debt. The huge obligations will force drillers to cut spending, potentially bringing the shale boom to a halt.

Eadwig 03 Jan 2020

Could be interesting! linksdean: Your probably right eadwig as seen here!.. yes, there is bound to be tit-for-tat and could go on for a long while - and might involve tankers, Straights of Hormuz and/or Saudi refining. All of that helps USA though, so it might not involve oil at all. The risk it will will keep prices elevated though.

linksdean 03 Jan 2020

Could be interesting! OilPrice.com Europe Can't Get Enough Of This Popular Crude | OilPrice.com Egina, Nigeria’s large FPSO produces a grade of crude that is highly sought after by European Refiners, and as a result, its price has risen throughout 2019

linksdean 03 Jan 2020

Could be interesting! Your probably right eadwig as seen here!.. OilPrice.com Oil Soars Following U.S. Killing Of Iran’s Top General | OilPrice.com Oil prices soared early on Friday morning, following the assassination on Iran’s most powerful general, Qassem Soleimani by U.S. forces