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That 15 bcf target in Morocco is worth $112m net to Sdx!

That 300bcf target at SD for next year is worth $200m net to Sdx!

Or you could just grow a pair!

Perhaps the oil and gas game is something to avoid if you cant stand the heat or the associated risks, indeed it could be said the only country producing any significant risk free assets is Norway. The US is subject to the whims of its leader, as is Russia, the Middle East is a chess game being played out by both the US and Russia, via Saudi and Iran, the huge gas fields of the Eastern Med are a direct threat to Russias dominance over a Europe too pathetic to object. Asia, Europe and the Latins cant satisfy their hunger for fossils without the above and 2/3 well targeted strikes could double prices in a day. If you are of a nervous disposition its not the best market to invest in. All the best in your future investments.

At 50mmcfd, SD should net about $13m after opex, but get to 100mmcfd and it jumps to $29m pa. Success in Morocco is about maintaining access to 2bcf per year to feed current demand, I remember Mr Baumgardner saying in a video that he could sell 52mmcfd, he is still Morocco Country Manager, so one is led to believe that if we get the gas then the customer base exists. It is possible that as we sign 5 year contracts through the state, that the supply must be in position before increasing consumer demand, I dont really know, but it would make sense. So find the gas and the sales increase. There is no doubt that Morocco offers the best returns and should remain our biggest growth target. If we could fill the pipeline it would return circa $65m pa. A dividend of just $20m returns 10cents a share, so its easy to see why the big holders have not budged.

We still have not been told the capacity of the CPF, but hopefully will be at least 100mmcfd, so we can up at will as we discover. After last weekend the oil and gas equipment industry should thrive for quite some time, with huge backlogs in long lead items as every major facility ensures replacements for all crucial items are on hand. Or at least thats what you would expect when a similar attack in Qatar would switch off the lights in Asia...

Nothing beats facts and results, getting SD up and running will be a huge achievement for such a small company, the money spent by us to get SD to this point is more than our Mcap, if we can have a decent success rate at the drills in Morocco, then the PR should generate itself when the money flows in, nobody ignores hard cash. MR has proved his financial abilities, SD will prove his delivery talents. A couple of decent hits prior to Xmas may reward us all.

Any well that goes to production is better than not, but Meseda needs some careful thought, this years 2 wells have given a net of 140 bpd to sdx, not a sustainable model for success. Now dont shout at me, Ive been here longer than most, day 1 IPO, and remained positive through all the games and still remain so, and once you have committed to drill, any return beats a duster, but its wise to evaluate after such results. Mark is doing a great job, and is surely aware of such concerns, but we are lacking in comms and pr, which hopefully will change very soon.

At a brent price of $65 /, we get 19.25% at a netback of $33. So $2k a day, not a great deal but better than a duster!

Might flow now.

Investing is a strange word to many nowadays, too long winded in these days of fast money..but twice our last rns mentioned dividends. Now stay with me, because many here talk of cheap takeovers and suchlike but let me take it somewhere else.

Our 2 major holders are into us for what I calculate to be approx £10m a piece...
Now imagine that by 2021 SD is producing 100mmcf/d and Morocco is at 8mmcf/d, Mesada remains stable and the rest is gone Income would be circa $60m pa giving opportunity to divis, whilst still leaving plenty for capex to achieve long term growth. An annual dividend of $15m would give our major holders $2.75m pa each whilst pushing the Mcap to new highs, improving volume liquidity and allowing gradual offload. At 7 cents a share pa, plus better SP and volume flow, it may be why there is no panic at the top table, considering they control any vote on most things. Old school investing still pays off? Just a thought....

https://uk.investing.com/equities/sea-dragon-energy-inc

Scan down the page to Trending stocks.

Call me cynical but am I the only one here to believe some had early access to the rns, like at 10ish yesterday. If this rns had released as per last year, then it would be due next tuesday. No surprises here all is as expected and on schedule.

To be fair its about bloody time, it deserves some tlc, rns due next tues.

Last train to Ramp Central. All Aboard. Would'nt want to be out of........

We all know SDX are cheap, but just how cheap. Forget about the price, what would it cost to get what we have, Mesada, Morocco and S.Disouq. Look how much SD has cost to get to this point, most exploration oilies dream of getting to production, we have self funded from scratch a gas field with great potential, first gas is in sight. Some talk of cheap takeovers, but the time is running down on that, fast! If an offer is made, what price to gain incomes of $45m pa +.

So lets just imagine, 3/4 parties out there with significant holdings of say 1m shares each, who know the market. During forecasted periods of inactivity they combine cfds to the downside, with continous trading down by small fractions, taking turns to push the price down, each time buying more shares back for less money because of the avalanche they create. Say they started mid march, with knowledge of delisting and knowing City Financials position, plus the lack of news coming. Where would they be by now?

Burford and Ukog are both great examples of sentiment and bluster driven sp, Shakey has ukog right, and Muddy Waters are probably correct to examine the accounting of a company(Burford), who admit cash and equivalents of £400m, but were trading at an Mcap of over £3b just 30 days ago, the rest of their supposed value being based on the estimated outcomes of litigations to come, it gives cause to be dubious!

Sdx are not comparable, I believe our SP has been driven down by a perfect storm of delays, let downs, and a forecasted period of inactivity. It started soon after the BP debacle, but the City Financial situation in mid March gave good cause to those in the know, along with the delisting. We would all sell now if we could almost guarantee to buy back in cheaper.

No one can call the bottom, but timing and news due should work to the upside soon, meanwhile take advantage if possible, we are to believe no major parties have departed recently, we owe much to the prudence of our CEO/CFO. Plant should be in situ shortly, further reducing our reliance on POO, a little interest will move the SP quick. But what do I know....

On reflection its easy to see why we dropped, the combination of lies, delays, delisting made for some to exit, and bet against the sp. Some think that we are primed for a cheeky offer, but if the IIs didnt take off at the higher SP, why would they now? But as each week passes, the closer we get to SD gas online, the less likely a low ball T/O would work, bearing in mind that the SP was above 50p for a prolonged period for them to cash in, and they didnt.
With an 8 week contingency built in, we could be pumping gas to export by Nov, that would move us close to $50m pa, and Brexit could lower the pound, enhancing the attraction of dollar earning companies.. I dont claim to understand how or why SDX got this cheap, but given the near future possibilities it certainly is cheap as chips.

To be fair, the initial plan involved renting a processing facility until the cpf was ready, but it proved to be cost restrictive. I just hope the CPF has the capacity for 100mmcfd or more, so that we can increase daily production with ease upon new finds being connected. Drill, test, connect would seem ideal.