Member Info for AP100

https://www.proactiveinvestors.co.uk/companies/news/215550/sdx-energy-seeing-record-production-and-strong-cash-flow-as-expansion-continues-215550.html
Extract:
South Disouq (gas, 55%, operator)
A huge field with potential gas of 1.3 Tcf.
‘First gas’ was achieved in late 2019 and the production ramp up continues.
At full tilt, production is expected to be between 50-60mln mcf per day, which will double SDX’s barrel equivalent production.

That though is only from two wells and SDX expects to increase this to 6 or 7 wells.
The infrastructure to the grid has a daily capacity for 150MMscf or even higher – 150MMcf is the equivalent of 25,000 barrels.
Hook-up costs will be borne this year after which SDX expects South Disouq to churn out cash.
The company is presently preparing two new exploration wells in the South Disouq project area

FYI.
https://www.proactiveinvestors.co.uk/companies/news/224647/metal-tiger-hails-positive-drilling-results-at-reung-kiet-lithium-project-224647.html

Very insightful investment........I wonder if Sprott are advising in the background..lol..Great investment potential...well done MTR!
:)

Agree Keithb1......and the elephant in the room is of course.....'District Scale' ....which is exactly why 'Sprott', 'Sandfire' and 'MTR' are in the audience.....lol

Julian Hanna sure does look smug.........lol.....very interesting.

With reference to the 'for sale' article.....a google search suggests Sound Energy ARE apparently selling their Moroccan assets and suspending their drilling campaign so there may be some truth in the articles headline....

3 June 2019 | 08:10am
StockMarketWire.com - Peel Hunt today initiates coverage of SDX Energy Inc.
[LON:SDX] with a buy investment rating and price target of 38p.

Story provided by StockMarketWire.com

Broker Forecasts data provided by www.sharesmagazine.co.uk

What can you do to prevent your shares holdings from being shorted? (By your own Broker)

A: Now what can the average personal investor do to stop their own shares being shorted, as believe me your own broker, if approached, WILL sell your own shares that they hold on your behalf as a nominee account.

There are two things you can do, the first is to certificate them but this is not obviously to everyone’s advantage but the alternative solution is simple.

All you do is to phone your broker and put an order in saying that you wish to place your shares for sale at, for arguments sake, double today’s price. As they are ‘on order’ they cannot be lent out by your broker and in turn you are reducing the amount of ‘free shares’ out there that can be used for shorting purposes. And don’t forget to move your limit order up when the price starts to recover, then, that way your shares can’t be shorted – not much but helps

Although an individual personal investor will not normally have enough shares to halt a concerted shorting attack, if a large number of holders did this it would reduce the overall amount of shares that they could get their hands on.

In my opinion well worth doing if not only for the knowledge that your own shares cannot and will not be used in a short attack against the very share that you own.

https://www.proactiveinvestors.co.uk/companies/news/220503/sdx-energy-sees-water-cut-issues-dilute-otherwise-positive-performance-ceo-welch-to-leave-220503.html

Remember folks....these numbers are just for T3...... a lot more to come yet......

https://www.proactiveinvestors.co.uk/companies/stocktube/12728/copper-prices-to-move-higher-as-china-demand-accelerates-12728.html

Thanks for the link to to Malcy's interview with Paul. Here is malcy's analysis of the situation. I must say I agree with him and think the knockers on here are missing the point... but what's new. Delays are commonspread (I know!) in this industry and generally worse in Africa. It doesn't usually affect the investment case - indeed, I was expecting such a delay on SD and it didn't stop me investing. People are so short term these days - I wonder if the whole concept of investment is fading away. Anyway, over to Malcy!

Full year results from SDX this morning and whilst almost all the data was already known they were a very impressive set of numbers. Net revenue was up 37% to $53.7m and more importantly netbacks were up to $41.7m ($28.9m). Cash was down slightly to $17.4m ($25.8m) but that figure is also good given the $44m invested by the company last year. Production was 3,574 boed last year but will double this year with the bringing on of South Disouq where the central processing facility, the 10km pipeline and the four well tie-ins are complete and ready to start production of 50-60 MMscf/d in the middle of this year.

In Morocco business is going extremely well, SDX has picked up three new customers recently and are expecting two more this month, the Peugeot factory should go fully operational in May thus making suppliers, who also take SDX gas keen to deliver. The target of production by the year end of 9-11 MMscf/d may therefore be achieved earlier than expected and with new customers paying towards the top of the $10-11+ range the economics look stunning. More importantly, SDX has announced that it is restarting its drilling programme in Morocco with a 12 well programme in the autumn of which three may be in this year.

The drilling campaign in Morocco, along with a number of exploration and infill wells in Egypt are all funded internally by SDX coming from existing cash balances and free cash flow which is helped by a 36% fall in receivables during the course of the year. With South Disouq coming on-stream in the middle of the year and the Morocco campaign scheduled for 3Q 2019 the stage is set for SDX to flourish and they are plenty cheap enough at the moment so upside progress of a substantial nature should be made

/www.proactiveinvestors.co.uk/companies/news/217019/sdx-energy-confirms-positive-operations-and-financial-performance-217019.htm

Just some thoughts for discussion.....(which I think have already been alluded to...)

1. Was it the TSX listing that complicated the prospective BP RTO deal? hence the delist?

2. PW has stated in interview and other media formats that SDX have a target of 75 000 boepd by 2020
(The BP deal may achieve this figure)

3. In interview....PW said with reference to the BP deal " a deals not dead until its died 3 x"

4. MEA name change?

I am expecting news regards the above sometime this year.....

you gorra laugh...lol

hxxps://total-market-solutions.com/2019/02/15/business-in-botswana

As this story unfolds...MTR will simply consolidate the share issue.......just have to wait for the right conditions.

I recently watched a debate (Bloomberg) regarding oil price and the Saudi economy. The Saudi economy NEEDS a $60 - 70.00 poo to even function and ministers have indicated that they will cut production to what ever level is required to achieve it.

When you know your right.........load up big!

Copper to rally 10% over next 3-6 months as economy perks up, Citi says
Feb. 4, 2019 11:51 AM ET|About: Freeport-McMoRan Inc. (FCX)|By: Carl Surran, SA News Editor

Citigroup turns bullish on copper, saying it expects the metal to rally by 10% over the next 3-6 months on expectations of a U.S. trade deal with China and increasing confidence in a global economic recovery.

Citi’s forecast follows a 15% drop in the price of copper over the past year to $6,116/metric ton, driven by a slowdown in China’s economy, but the firm sees copper prices hitting $6,700/ton in 2019, driven by a 2% growth in Chinese demand "led by strong growth in late cycle construction completions and power infrastructure investment."

Slowing sales of cars in China also will be offset by growth in electric cars, which use more copper, while copper inventories are at a 10-year low and are set to fall further in Q2 of this year, Citi says.