San Leon Energy strengthen position in OML 18 Nigeria providing runway to jump into other assets
Proactive analyst Zac Phillips presents this analysis on San Leon Energy PLC s (LON:SLE). Phillips explains how the 2016 acquisition of an interest in OML 18 in Nigeria is starting to generate value for shareholders and provides not only a strong presence in a highly prospective region but also the liquidity with which it can execute a growth strategy optimised in its favour.
Phillips has undertaken a sum of the parts (SOP) valuation, which we have “sense checked” against Proactive s valuation estimates for the principal assets. We estimate the fair value to be between US$459 743mln (76 121p a share).
Proactive Analyst, Dr. Ryan Long takes a detailed look at Deep-South Resources Inc (CVE:DSM) which he believes to be a highly profitable copper project.