Member Info for Chislehurst

136p RNLI - Thanks for organising

Every penny this goes up Dr Robert Trice earns (on paper) £262,646.56 - hope his shares are in an ISA ;-))

I think you can make of that (TSX chart) whatever you want. I can't see that it gives any clear signal.

Mr B, no I won't be going to Calgary but I might attend the World Upstream Summer Reception - African Petroleum Club at the Hurlingham Club on Thursday 20th September where Paul Welch is speaking. It's a little closer to home ;-))

You can't have news every day so the price may slip. Perhaps now that some of the traders have realised that first oil won't be until Q2 19 (instead of late '18) they are looking elsewhere for a quick win. If you are a long-term holder it matters little if you believe in the story.

https://players.brightcove.net/2830693144001/default_default/index.html?videoId=5821897970001

SDX discussed 7 minutes into talk.

Then surely if you think this is the case then you would have sold, perhaps you already have...

I think it will remain flat until H1 update around 24th Aug

No problem Jag11 - I was thinking the same as you - hence I went searching around Morocco / North Africa news services for additional detail. Cheers

http://northafricapost.com/24601-sdx-energy-morocco-gets-e10-mln-ebrd-loan.html

A little bit more about how EBRD are pleased to be helping SDX Energy bring gas to customers in the Kenitra region of Morocco.

Perhaps MM's dropping the bid to trigger stop-losses or unsettle short-term holders in order to fill $10m order...

The EBRD uses innovative approaches and instruments and expects an appropriate return on investment. We will only take minority positions and will have a clear exit strategy.

Equity and quasi-equity instruments
• Ordinary shares.
• Preference shares.
• Subordinated loans.
• Debentures.
• Income notes.
• Redeemable preference shares.
• Listed and unlisted.
• Underwriting of share issues by public or privately-owned enterprises.
• Financing the transfer of shares in existing enterprises. This form is only used in cases of privatisation where such a transfer will definitely improve efficiency, for example, through better management, rehabilitation or expansion under new ownership or synergy with the acquirer's operations.
• Other forms can be discussed with EBRD banking staff.

The EBRD also participates in investment funds, which in turn invest in medium-sized companies that need to expand their business. Equity funds are focused on a specific region, country or industry sector, have local presences and are run by professional venture capitalists. Their main investment criteria are consistent with the EBRD's overall investment policy.

Good find, haven't seen $10m worth of volume in the last few days so I guess they will be buying soon. Interesting that they are advertising the fact in advance.

Agree - £1.50 seems a long way off - but it will get there, maybe not within your timelines though.

If a predator offered £1.50 today. I guarantee quite a high percentage would agree to it. No sentimentality just a good profit. I personally think we could get to that value sometime next year with or without an offer. The amount of cashflow being generated will eventually alert bigger investors to true value.

When it begins production at South Disouq in the fourth quarter of 2018, SDX Energy (SDX) aims to produce some 50mmscf (million standard cubic feet) per day. Those hopes for the Egyptian portfolio have received a further boost, after the SD-4X appraisal well flowed at 30.4mmscfd, higher than the SD-1X well test. We remain buyers.

SD-3X results due early August, half year report around 24th August both could be catalysts for a big move upwards.

Trading update will be around 24th August. Here's hoping for an increase in guidance for year end production.

Should put the SDX story on the radar of a few more big players (hopefully).

So Company reckon correct valuation is at least 3 x what it is today so £375m... I think that once the increased production to 8000 boepd is proven (and PW hinted they may review the figure upwards at half year) then we will see a huge re-rating to close to Company valuation. Multiply that by 1.33 £/$ conversion and it would only take another couple of years increased production to get to the $1bn valuation and then sell-off. This is a very well run company with clear goals and great shareprice potential.

It's quiet out there......too quiet...