Sdx Energy Share Discussion Threads

[matchmade] 21/5/2019 09:51

And if you look at the chart, it's "clearly" also headed to 0p.

[knowing] 21/5/2019 09:40

Then when if it get's to 20p you will say 15p yawn

[jungmana] 21/5/2019 09:31

This is heading for 20p

[shakeypremis] 21/5/2019 02:01

Looks like new estimate from someone other than PW. Down from 50-60mmcf/d to 50mmcf/d and first gas pushed back to Q4 with ramp up to 50mmcf/d in Q1 2020. Sounds more conservative than anything squelch would have said. Hopefully from this point forward we start to get the truth. The good thing is he's gone now and this has all the fundamentals to do very well. Maybe not as well as before given Morocco looks like it is unlikely to get above 10mmcf/d for a very long time. But SD still had great potential and hopefully new wells can be tied in much more quickly. Need to see that first production first though. This is dirt cheap assuming SD comes online.

[gisjob2] 20/5/2019 12:14

I know that but he's the one that has been explaining the proposed rate over the last year. Who can believe anything he's said over that period ? We only have his word for it and that seems to count for nothing.

[shakeypremis] 20/5/2019 12:02

Not PW saying it. He's *resigned*. Was told to resign or else most likely.

[gisjob2] 20/5/2019 10:10

and knowing PW it'll be a third of the rate stated.

[shakeypremis] 20/5/2019 08:28

Nope. It's definitely Q4 for first gas, which probably means H2 next year. "Construction of the South Disouq central processing facility ("CPF"), pipeline and well tie-ins continued in Q1 2019 with first gas now expected to be achieved in Q4 2019."

[the drewster] 20/5/2019 06:38

Q3 first gas, Q4 stabilisation is the new guidance.

[gisjob2] 20/5/2019 00:15

When I said how far around the corner I know it's supposed to be Q4, but who know what the timescales are for anything after last week.

I imagine the share price could drift a little further on no news throughout the summer months but should recover when SD does start producing.

[ll0ydy] 19/5/2019 22:37

Wonder what this will do tomorrow? Talk about get all the bad news out at once.

[darola] 19/5/2019 22:35

Q4 in anticipation of South Disouq coming online might see this start to recover. Although a new CEO, some clear comms from a clean slate, and possibly some TR1s as iis sweep up shares from distressed PIs might see some gains in Q3. I don’t think we’ve seen the bottom yet. But in the right hands, assuming the news we have had to date is still credible, this is still a good company.

[gisjob2] 19/5/2019 22:03

How far around the corner ?

[brasso3] 19/5/2019 21:24

This will present an opportunity for some to make so good gains.

- Debt free with cash in the bank.
- Solid P2 reserves.
- Large production increase around the corner with SD.

[gisjob2] 19/5/2019 21:15

There's some serious confidence rebuilding needed now thanks to PW.

[ghaon] 19/5/2019 20:52

Success rate with the drill was never down to Welch

[shakeypremis] 19/5/2019 19:23

Get someone competent in and more honest (they all lie don't they) and SDX still has the potential to be a great investment.

[11_percent] 19/5/2019 13:52

PW was useless at CHAR and been just as bad here.

[carlsagan1] 19/5/2019 13:10

Has any1 used brokers X-O(by jarvis) or iweb-sharedealing(by halifax)?

ii increasing fees on June 10th, so its time I finally left them.

Both x-o and iweb have a simple flat trade fee of £5.95 per trade and have no monthly/yearly admin fees or inactivity fees.

[swindon41] 19/5/2019 12:44

Amongst all the anguish there's a v important point about probity and Directors' liability. Imho Squelchy has a legitimate case to answer in the courts for deliberately and consistently misleading investors who as a result have lost out financially. AIM is under the spotlight here too. If this was a footsie 100 CEO the institutions would be screaming blue murder.

He should be disqualified from holding office as a Director - he's demonstrably failed the "fit and proper" person test hasn't he?

[tournesol] 19/5/2019 11:00

Shakeypremis

...I think the contractors will get paid by Egyptian government…

That's not what the RNS says. It says the contractors in question belong to the State and the cost of using them is offset against the outstanding receivable. That means the contractor entity receives no cash but the state's liabilities are reduced.

For the state it clearly makes sense for them to use their in house contractors to do work that brings in cash rather than do work that reduces the national debt. That may well explain the delays in getting the contract work done.

T

[haideralifool] 19/5/2019 10:55

I don't know what good it did him but his ramping certainly allowed someone to exit without as much pain as would otherwise have been the case.