Sdx Energy Share Discussion Threads

[shakeypremis] 05/2/2019 16:32

They're still owed approximately US$25m. A nice chunk of change. As of August 2018 they were owed ~US$29m. So if the rate of payment continues as is then it'll be cleared within a couple of years. Not ideal but nothing you can do. Governments are the King of Thieves.

[cannuckoiler] 05/2/2019 16:31

Help fight back the 100% short increase...take your shares out ,long sell order with a high ask price ....

[cannuckoiler] 05/2/2019 15:53

2019- will look to make further reductions in its backdated receivables balances.
Can someone please tell us ,how much money are we talking about here.As the last backdated payment was 4.5 million...

[shakeypremis] 05/2/2019 08:39

I suspect we'll find out once the de-listing occurs. If we start to see larger buying afterwards we pretty much know what is afoot. Of course that large buying will not come with an associated rise in the share price. If this is happening we know the board are in on it. The best we can hope for is that the second biggest shareholder (someone holding through an account with asset manager Ignalls & Synder it would appear) is not in on it and is likewise also not willing to accept a low ball offer. Otherwise this is a done deal and we're getting taken out on the cheap.Any suitor or consortium needs 75% of the vote to get a takeover offer passed. Without the Ignalls holder that might prove difficult without offering a decent price. With both MEA and Ignalls at 30%+ each we have no chance.

[neo26] 05/2/2019 08:31

Certainly plausible, will explain the constant attack on the share price

[shakeypremis] 02/2/2019 20:42

Has Tombul morphed in to Cannuckoiler?

[cannuckoiler] 01/2/2019 21:02

Well not as much movement on this side of the world for SDX ...makes me wonder when Mr. Pinocchio (PW) will get to his 8000 boed...

[shakeypremis] 31/1/2019 09:34

Hi Tournesol, no I just wondered if you were still invested as hadn't seen you post for a while. I also bought more shares recently between 34p and 37p. Couldn't resist. There's the potential for ~US$50m/year after tax profit once SD comes online and that's with Morocco only doing 9mmcf/d too. That's about £38m. They need reserves though as the oil assets in Egypt are getting old. Hopefully the next drilling campaigns in Egypt and Morocco will sort them out. There's always the potential for a large oil resource at South Ramadan too. Sure SDX only have a 12.75% WI, but 12.75% of a lot of oil will still be decent.

[cannuckoiler] 31/1/2019 06:15

how much impact there will be from all the shares that will be sold do to fact that of delisting

[napoleon 14th] 30/1/2019 13:38

I'll check it out.

[captain james t kirk] 30/1/2019 11:06

napoleon
This is of course not advice to buy the shares but have you had a look at JOG. Currently at the last placing price, with an appraisal well fast approaching. Sorry for off topic.

[shakeypremis] 30/1/2019 10:49

IS tournesol still here?

[napoleon 14th] 30/1/2019 10:44

I might come back if movement means a real change in SP's direction,
not the same ol' "movement"!
FXPO just a trade - 230p today & T=300. Que sera, sera....

GLA

[shakeypremis] 30/1/2019 10:38

I'm not going anywhere. Too much upside potential and as long as SD does actually come online, this is a goer.

[captain james t kirk] 30/1/2019 10:02

Good luck with Josephine :)

[shakeypremis] 30/1/2019 09:31

This is likely PW talking about net working interest production, rather than net entitlement production. He does it all the time. I wish he wouldn't.

[denial_notjust_a_river] 30/1/2019 00:40

Fellow investors - beware of false promises from dishonest salesmen.

Today on voxmarkets podcast, the SDX CEO stated (at 14:00): "we are producing at the moment 5000" (boed) "net to us".

How is this possible? Is it believable? In my next post, we'll do some simple arithmetic to evaluate.

[denial_notjust_a_river] 30/1/2019 00:37

Fellow investors, here now some simple math.

From last Q-report, the gross and net production (boed) for SDX's three plays. 1) Meseda (G-4207, N-802), 2) NWG (G-4944, N-2472), and 3) Morocco Gas (G-820, N-615). Net to SDX is 802 + 2472 + 615 = 3889 boed.

In the last report the company's 2019 guidance for production 1) Meseda (G - 4000 to 4200) and 2) NWG (G - 3400 to 3600). With this guidance that puts net production closer to 3k boed, not 5k (even accounting for potential increase sales of gas in Morocco).

We're left asking, where is this extra net production coming from at this moment? Was the CEO misleading the podcast audience?

These are questions to evaluate before investing in shares of this company.

Beware of false promises from dishonest salesmen.

GLTA

[cannuckoiler] 29/1/2019 20:23

Well it’s been good following all your post on SDX and now that it will stop trading on the TSXV exchange I think it was time to join you on your forum...there is no disputing that there was a lack of this energy stock trading on the Canadian exchange.
So can SDX rally there under value stock with some truthful good news on real time.

[shakeypremis] 29/1/2019 16:35

There's plenty of fat rich people, but most of them are thieves (bankers).