OTCPK:MAUXF - Post by User
Comment by
mjh9413on Feb 18, 2016 10:06am
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Post# 24570252
RE:San Leon Energy Plc
RE:San Leon Energy PlcWE are being fleeced. SL get the 9.7% interest in OML18 with its 31,600boepd with the oil component hedged at USD95 until Dec 2017, plus the gas sold to Notore, and they do not even get the capex share on the legacy field which we know is growing even if not hedged...that gets folded entirely into MidWestern. That capex was meant to be reinstated in March. The cf alone from OML18 is worth upwards of USD11MM per qtr. The metrics stink...if it works for SL on this basis why the devil is MMT not able to continue as a going concern?