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I have emailed CFO 3 times about lack of information to no avail so with you on this.However facts are facts and lack of information means that nothing material has happened since last announcement.The deals remain I play..
Hi Littlened. Not really good enough, something stinks here, and the one thing I know in business is small companies don’t care about you and me , it’s all about lining their own pockets. If it was all rosey here why don’t they put out a rns to explain. No confidence at all.
Happy birthday Ned!
Happy birthday. Littlened
Hi Barhut at least you are right on one thing.I am old,81 today.
However the WG sale details make SDX worth more than current share price.Add in SD at more than WG,then add in Morocco and we have at least a 2bagger.Is that good enough for you ?
One wonders whether Adelf have been given more information than we poor mortals
Last week sdx did wake up on twitter, no mention of egypt looks like deal is still on...
https://twitter.com/sdxenergy/status/1765009212222980296?s=19
I’m afraid your correct. High paid amateurs. Where’s old Littlened to put a positive spin on this
No news is not good news. Every day this company exists destroys value.
They updated us in early jan, they confirmed sale price for WG. I think the buyer maybe russian hence its taking time.
I remember another stock amc, it took them ages to dispose asset to russian buyer.
We will get news shortly i am confident of that.
I see the benefit of selling out and see it how it pans out but, trouble is, selling my holding would prove tricky at the current price as I own far too many... I'm in for better or worse without better liquidity
The "sale" is 3 months late and absolute silence from the board who promised better communication
Even of they are waiting on things beyond their control they should update us of the reason so
Nothing on production from the new well no indication of the valuation of SD - surely THAT is finished or over as all the HoT were agreed 9 months ago !! Very frustrating- I smell a rat - I'll give it another week and then I'm out - management have lost my trust
No news is good news, with the way sp is depressed even if they dont decide to sell things could only get better.
Imf loan about to be signed, uae investing billions, tide is turning for egypt. Imho
No news yet. What a surprise. U lot must see that the new idiots in control are no better than the accountant. A update or courtesy rns should of been out months ago, why specify a time/date. 5p takeover with existing board getting the backhander. Let’s see.
Egypt has increased bank interest rate and will float currency.Should be good news
Regret not, it's from a paid (ultra reliable) oil&gas news service, Enverus...
Is there a link to the news ?
Yes maybe but BOD promised me personally and in Daniel's October video that shareholder communications would be improved !
I guess they just deem that it doesn't meet the criteria for RNS issuance requirement. Or maybe a bigger RNS is imminent into which they will insert this smaller news too - but the total silence recently is not helping...
Shouldnt we have had an RNS ?
Well, that news has completely outfoxed me... I wonder whats going on!
SDX Energy has been granted a modification to its Rharb Occidental petroleum agreement, located in the onshore Gharb Basin, effective from 18 January 2024. Whilst details have not been disclosed, the amendment relates to changes to the company's work programme and bank guarantee for the current exploration phase.
The licence was originally awarded to SDX Energy in September 2017 on an initial four-year term. It is located between the company's Lalla Mimouna Sud and Sebou licences, with these areas acquired following the purchase of Circle Oil's Moroccan assets in January 2017. To date, the company has drilled nine exploration/appraisal wells on Rharb Occidental, with six commercially viable. Additionally, three production licences have been carved out from the permit, comprising of Beni Malek Sud-Est, Gaddari Sud Ouest and Al Harati Sud. SDX operates Rharb Occidental with 75% equity, in partnership with ONHYM (25%, carried during exploration).
SDX Energy has been awarded the onshore Beni Malek Sud-Est production licence, as a carve-out from the company's Rharb Occidental licence, located in the onshore Gharb Basin. The 0.84 sq km block is valid for an initial two-year term, as the company looks to bring the Beni Malek Field online, followed by a 25-year production phase and a 10-year extension option. The discovery was made in the north of Rharb Occidental back in early 2020, with the Beni Malek 1z NFW (1,551 m TD) encountering gas in the Miocene-aged Upper and Lower Gebbas sandstones. Estimated recoverable resources are 0.9 Bcf. The field will be tied-back to the company's other gas fields and infrastructure in the Basin, with a c.10 km pipeline likely required.
Beni Malek Sud-Est is the third production licence to be carved out from Rharb Occidental inside a year, with Gaddari Sud Ouest and Sidi Al Harati Sud awarded in early 2023. The original 1,343 sq km Rharb Occidental exploration permit was awarded to SDX in 2017. Since then, the company has drilled nine exploration/appraisal wells, with six commercially viable. More recently, the junior outfit has undertaken a strategic review and is doubling down on its investment in Morocco, with an ambitious aim to become a 'hybrid energy player'; essentially an expansion into renewables, synergising with its core gas assets. The company operates Beni Malek Sud-Est with 75% equity, in partnership with ONHYM (25%).
Update will eventually have to come.
What is keeping it so long - no news at all on WG, SD or KS21 - nothing, niente, Nada FFS