SLE

AdeMcG,

Looks like this was a false rise as it directly affected the price level of the merger.

Market in SLE shares is relatively low volume so by expending less than £250k they could have had a material affect on the merger terms.

Todays drop is with volume.

Both shares down as the market realises that both are in the same position, good assets, low levels of production and cash.

I should have exited at the open but slow to get on computer this morning.

www.investegate.co.uk/san-leon-energy-pl...201211120700548533Q/

Perhaps the merger between SLE and Aurelian was the reason for the volume observed?
Not sure this will translate into higher share price, today.

Jackozy,

Its thanks to tradesmarter. They did a nice post with chart on the KISS blog.

I agree you should support your local economy.

The weather in Eastern Europe means a large Gas demand and if SLE can find lots of Gas it might limit increses in prices.

Perhaps you can pop over and check their rigs out? You should be able to work out what is happening and trade accordingly.

Still look at the Technicals of course but it would be nice to be in "the know" to drilling results.

IG have the resistance at 9.50p and the next resistance at 13.50p

It went into auction when you bought this one?

it looks like elena gonna be owed a few drinks...

Elena,

Thanks for the heads up on this. I've decided to take the plunge for a few. Got to support the local workforce, eh?

It looks like its broken out of the down trend line and a 123 low so things maybe looking up.
If this can finish above 9.4 then good chance of a lot higher price.
Volume is high as well.
Theres no news released so thats a bonus as well.



DYOR
remo