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Last 1.30 GBp
Change Today -0.06 / -4.41%
Volume 8.4M
SLE On Other Exchanges
Symbol
Exchange
London
OTC US
Stuttgart
OTC US
As of 11:35 AM 05/22/15 All times are local (Market data is delayed by at least 15 minutes).

san leon energy plc (SLE) Snapshot

Open
1.34 GBp
Previous Close
1.36 GBp
Day High
1.34 GBp
Day Low
1.24 GBp
52 Week High
09/10/14 - 3.45 GBp
52 Week Low
01/21/15 - 0.78 GBp
Market Cap
33.0M
Average Volume 10 Days
7.2M
EPS TTM
-0.01 GBp
Shares Outstanding
2.5B
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
--
Current Stock Chart for SAN LEON ENERGY PLC (SLE)

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san leon energy plc (SLE) Details

San Leon Energy plc, together with its subsidiaries, explores and produces oil and gas in Europe and North Africa. It primarily holds interests in a portfolio of oil and gas assets in Poland, Morocco, Ireland, Albania, Romania, Spain, and Italy. The company was incorporated in 1995 and is headquartered in Dublin, Ireland.

143 Employees
Last Reported Date: 06/30/14
Founded in 1995

san leon energy plc (SLE) Top Compensated Officers

Executive Chairman and Chairman of Nomination...
Total Annual Compensation: €1.1M
Managing Director, Executive Director and Mem...
Total Annual Compensation: €471.6K
Compensation as of Fiscal Year 2013.

san leon energy plc (SLE) Key Developments

San Leon Energy plc Announces an Update to the Results of the Rawicz-12 Well Test in Poland

San Leon Energy plc announced an update to the results of the Rawicz-12 well test in Poland. Ryder Scott Company has finalised a Competent Persons Report ("CPR") on the Rawicz Gas field for Palomar Natural Resources ("PNR"), the operator. Ryder Scott has issued an estimate of the gross Proved plus Probable (2P) reserves for the Rawicz field of 50.3 billion cubic feet (Bcf) based upon a five-well development plan (including the Rawicz-12 well). Both San Leon and PNR expect to move reserves to Proved (1P) based upon a signed gas contract, which is currently under negotiation. All estimates produced by Ryder Scott comply with the 2007 Petroleum Resources Management System (PRMS) prepared by the Oil and Gas Reserves Committee of the Society of Petroleum Engineers (SPE). PNR, together with the Company, is currently in the advanced stages of the planning and design of several development scenarios focused on bringing gas online in early 2016. A development plan will be submitted to the Polish regulators, based on the CPR. The current development plan is based upon building a scalable central processing facility to handle the gas production from adjacent prospects on the Rawicz Concession, which PNR estimates to be in excess of 100 Bcf. The Rawicz project is operated by Palomar Natural Resources with 65% equity, and San Leon has no up-front drilling costs for its 35% equity share of the first two wells.

San Leon Energy plc Announces Highly Positive Well Test Results for Rawicz-12

San Leon Energy plc announced highly positive well test results for Rawicz-12, which the company expects will form its first commercial gas discovery. The Rawicz-12 appraisal well, located in south-western Poland, commenced flow testing on 5 February 2015 and has to date flowed at an increasing rate of up to 4.1 mmscf (million standard cubic feet) per day. No significant amounts of water have been encountered and gas quality matches expectations. Well productivity, gas production rate and surface flowing pressure continually increased during the long high-rate flow period. The company anticipates that an additional three to five wells will be drilled to develop the field, with the second well on Rawicz already in planning and being at no up-front cost to the Company. Gas prices in Poland are amongst the high in Europe. Rawicz-12 Well Testing Details: The Rawicz-12 appraisal well, drilled to appraise the previously-discovered, unproduced Rawicz gas field, was opened up to flow on 5 February 2015. Since then, apart from a short pressure build-up performed to gain technical data, the well has been continuously flowed to flare. The well flow rate and flowing wellhead pressure steadily increased (indicating a progressive clean-up of the well) and by the morning of 16 February 2015 the gas production rate was approximately 4.1 mmscf/d, and increasing, at a flowing wellhead pressure of 205 psig (pounds per square inch) on a fixed choke of 80/64". The reservoir volume tested is determined largely by the length of the flow period, and is relatively insensitive to flow rate. Therefore on 16 February 2015, and with flow rate and pressure still increasing, the decision was taken in conjunction with Baker Hughes (the well testing advisors) to choke the well back to limit the flaring of gas for the remainder of the flow period. It should be stressed that the choking back of the well was solely to reduce wasted reserves. No material water has been produced, and no hydrogen sulphide gas (H2S) has been recorded. Gas quality matches expectations and samples from previous wells in the field, at around 70% methane. Preliminary evaluation of the data received so far indicates a permeability to gas of around 2mD, confirming the success case assumption that the field can be developed as a "conventional" resource. The process of cleaning up of the well involves the removal of reservoir "skin" from the drilling and completion process.  Skin is an engineering measure of how much the rock near the wellbore is affected by that process, with higher values indicating more restriction to production.  The skin value is currently estimated to be around 7 - a relatively high figure - although flowing the well has already significantly reduced it to 7 from initial values.  Calculations suggest that a much lower skin factor could increase the gas flow rate at these flowing conditions by around a half.  Such a material flow rate upside could be achieved under several scenarios whereby the skin is reduced or bypassed, including: Continued cleaning up of the well; Performing stimulation (deep penetrating perforating, or hydraulic fracture) on the well to bypass remaining skin as much as possible; Reducing skin in future wells through modification of the drilling and completion programme. Rawicz-12 has been flowed only over the upper half of the gas-bearing interval, in order to minimise water production during the test.  The absence of water production could enable future wells to be completed to a greater depth (where water saturation increases), increasing the flowing interval thickness and therefore the gas production rate.  The existing well is vertical through the reservoir, meaning that deviated or horizontal wells during a development could be used to target still higher production rates. It is expected that the well will complete its flow testing on 28 February 2015, following which pressure build-up data will be acquired for several weeks.  This data measures the shut-in pressure response of the well, enabling reservoir characteristics such as permeability and volumetrics to be refined. The Rawicz project is operated by Palomar Natural Resources ("Palomar") with 65% equity, and San Leon has no up-front drilling costs for its 35% equity share of the first two wells.

San Leon Energy Presents at The 9th annual North Africa Oil & Gas Summit, Dec-07-2014 through Dec-09-2014

San Leon Energy Presents at The 9th annual North Africa Oil & Gas Summit, Dec-07-2014 through Dec-09-2014. Venue: Sheraton Club Des Pins Resort, Algiers, Algeria. Presentation Date & Speakers: Dec-08-2014, Walid Sinno, Director (Middle East & North Africa). Dec-09-2014, Walid Sinno, Director (Middle East & North Africa).

 

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Industry Analysis

SLE

Industry Average

Valuation SLE Industry Range
Price/Earnings NM Not Meaningful
Price/Sales 11,309.7x
Price/Book 0.1x
Price/Cash Flow NM Not Meaningful
TEV/Sales 11,250.3x
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