Sdx Energy Share Discussion Threads

[winnet] 28/11/2023 07:33

Well, half the problem is being sold and the other half, in morrocco, seems to have a several growth factors which will turn a profit next year ... The gas is being sold for about 11 dollars mmcf, which is a good rate...just got to cut g and a and capex

[hsfinch] 28/11/2023 07:21

It dont make money. And it dont have cash for meaningful investments. Stay clear.

[neo26] 27/11/2023 19:06

hTtps://www.share-talk.com/malcys-blog-oil-price-san-leon-energy-europa-oil-gas-sdx-energy-coro-energy-finally/"Financing StrategyThe successful execution of the Company's Corporate strategy in the short and medium-term is contingent on the effective divestment of SDX's Egyptian assets and executing on the management's funding strategy. The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale."Still on target to sell by year end. Nice...

[neo26] 27/11/2023 18:24

Problem in egypt was the receivables, we were not paid on time.Gould is an entrepreneur and has successfully built companies and sold them.

[winnet] 27/11/2023 17:44

I just hope and expect 1. There is no bloodsucking debt or equity raise tagged onto future announcements. and 2. The money we get from Egypt is invested wisely in accretive wells and projects. Surely not too much to ask.

This is currently a loss-making business

First management options are at 12 million cap... thats a 50% rise from here...

[neo26] 27/11/2023 17:35

"Additional HoT for a larger prepayment transaction to be agreed and planned to be drawn down by early 2024"Looks like this will announced shortly too with the Chinese.Sdx delayed there strategy announcement until they knew what would happen with their egyptian asset. Cant believe mkt missing the beat with this one..

[neo26] 27/11/2023 17:25

Winnet, the cash injection greater than the mkt cap will help the share price short term.With todays presentation they list the companies plan. Its without doubt now that egypt asset will be sold. Ita totally out of the presentation.Alot of progress would have been made.Still maintain it will be this week or next.

[littlened] 27/11/2023 17:24

I think he is Chief Operating Officer on site

[winnet] 27/11/2023 17:17

What will Aaron do? That chap used to work for Aminex... never heard of him tho before i looked him up...

[littlened] 27/11/2023 17:14

I think BOD are well aware of previous management failures in drilling too little for too high a cost.I think this is why we now have Aaron

[winnet] 27/11/2023 17:11

still, neo, the numbers don't lie - we have never been drilling in really prolific basins, it is all quite disparate pockets which means high capex. That said the pipeline links to Spain seem interesting...

Still, this is pretty bombed out at 8 million and i think a ride up on some cheap drills with good discoveries and more demand should rerate us.

[...]

[neo26] 27/11/2023 16:08

But now we have a ceo who has alot of contacts, hes managed to get citic to pay for upfront gas.The pipeline connection to the spanish pipeline is interesting.Morocco needs gas to expand its economy.How much do you think a newly listed company producing asset and 10m in bank should be valued. Id say 20m easy..

[winnet] 27/11/2023 15:41

issue has never been revenue here neo, its the profit figure which matters. We're having to drill to stand still...

[neo26] 27/11/2023 15:27

Just remember producing 3mmcfd daily at $12 p/mcf br8ngs in $13m revenue.Now egypt out of the way can concentrate on morocco. 8m mkt cap is just wrong.

[neo26] 27/11/2023 15:22

Watched interview with Gould awhile back. He alluded to having bigger partner ship with citix.

[winnet] 27/11/2023 15:03

I mean, i'm disgruntled and have lost a great deal on money, but the ship is turning...

I know ash from JSE, He is not in my normal troll category...

[neo26] 27/11/2023 14:53

You know very well the buyer is large international company.

[neo26] 27/11/2023 14:50

Winnet, he an ex disgruntled investor. Lost money here.If hes being neutral now and sees mkt cap of only 8m.Morocco is worth alot more and with 10m plus coming from egypt asset sales. This is easy bagger before christmas.

[winnet] 27/11/2023 14:42

"big misses" - is that what you call your wife?

In terms of Egyptian assets, it is being guided as bringing in materially more than 8 million GBP. Hoping for 10, anything else is a massive bonus.

C'mon Ash buy some, you know it makes sense.

[roman2325] 27/11/2023 12:19

If you've never done business in Africa, I would recommend checking that first, and having a Plan B second!

[littlened] 27/11/2023 11:43

Roman ,you can increase domestic and import surely !

[roman2325] 27/11/2023 11:33

To be clear: I like the idea. I don't understand how it works in practice

[roman2325] 27/11/2023 11:25

I don't understand this. Onhym's mantra is increasing domestic production, so why are they now agreeing to import from elsewhere?

Are they onboard and taking a hefty cut, or has this not been run past them?

[neo26] 27/11/2023 11:01

Sdx pipeline is really important for morocco.