Member Info for daft63

PW talked of an interest in Tunisia many moons ago, but there was civil unrest in 2017 which shut down production of many fields, it was sorted out though. Its possible that one of those companies is against the wall financially with deadlines on development, making it pop up on the sdx scope. And as much as I hate to say it, its possible we may be raising cash at the moment.

By year end it should be worth $22m pa, which with 5 yr contracts covers this SP, leaving all other incomes as unrated, this is black friday at SDX!

Thanks for posting Wally. So not expecting anything at SRM 1, except raised costs. SD by end of year ish is still on. PW is fine, he has spent two years delivering great results, 9 mins is no time to go indepth, we may get more these next few weeks. Morocco drilling is 2H 19, 4 more drills in Meseda hoping to get up to 7000bopd or 1350bopd net to Sdx, and more drills at SD where we have 2Tcf +, its very hard to see the SP where it is but no one can fault the delivery. The Ceo delivers, the Cfo is controlling the Capex, the whole team get results, when so many aim outfits just blabber and flap. Im not happy with the SP but the company is great! Atb

This share is firmly in the grip of the manipulators at present, to the point that even I can see the pattern of the last 3 days before it happens, I cant be the only one? No matter what news comes, until we see increased interest and volumes it will remain a players share, especially with predictable news dates, I dont trade my holding, but can see how some may be increasing their position by doing so, Im just not brave enough to try.
Southmeads response to my post yesterday was correct in all ways, these periods test our beliefs, but SDX has not changed in any way, only that a potential deal was not to be. If like me you got in very early, all we can do is wait it out, but many who bought in later will be tested and may lose faith, who could blame them? On this forum there is no requirement for me to point out the plus points of what is a seriously good company, or the fact that this should be much more in the spotlight. PW has been quiet for him, he cant talk about the BP deal, SRM 1 is out of our hands, and all other news is probably what we are already anticipating, give or take a few weeks either way. I hope he has taken a break to relax and reinvigorate himself, ready to come out fit and ready for our next period of activity.
The 75k bopd figure has not appeared on any official company presentation, only at an investers fair, so Im going to give it a wide berth until it deserves more attention, but otherwise a declaration to concentrate on Morocco and SD, with zero dilution in the offing is about the best we could expect. But what do I know, apart from Im in for the long game! Gla

I wouldnt worry what happens in the next few days as its 20 trading days since we restarted trading so the gamblers will be calling shots, on the plus side the gas sales deal for SD should hopefully be looking upward with prices up by 50%. Who knows but at these prices its grab what you can!

Nobody expects the Spanish Inquisition.

3 hours into trading day, and nothing?

Its not like me to be negative on SDX, but I dont think PW walked away from the deal, I think we were regected by the Egyptians, having struck terms with BP. And I think the deal was bounced by the Egyptians because they wont let BP walk away unless it goes to a company with similar clout and financial backstops, it wouldnt be in their interests to take the risk in us. We may never know the truth, but BP may never offload those assets!

Put a 2 in front and I may sell!

This bb is without a doubt one of the best, it is supported by some of the most balanced, stable, knowledgeable posters on lse, perhaps because of SDX not being in "fashion" it has not yet attracted the keyboard chimps associated with more popular shares. I welcome Shakeys POV, its cynical diversity allows a differing viewpoint, whilst his technical accuracy has been on point, complete with humour. I dont believe anyone here buys or sells sdx based on a single posters viewpoint, our sp over the last 12 months has been frustrating considering our success, Shakeys pessimism is a reality check on this bb, but I dont doubt his belief in SDX. Take him or leave him, but a bb with everyone on message would suffer.

Is this a bounce?

When all around...

Those tweets confuse me too, perhaps the Egyptians blocked it, wanting the security of a major instead of an upstart, it could have been EGPC or the ministry just saying we wont let BP walk away after all these years. Who knows, but really nothings changed, SDX are still surging forward in every way but the SP. SNAFU.

Im sorry for any false hopes my posts may have created, I got that one so wrong,apologies.

Those 2 tweets last week were a silent nod from PW, the approvals required from both parties will take time, but I am firmly of the belief that a deal with BP has been struck, dependant upon approval of interested parties, hence the tweets! The first we may know of it may be an rns or the voting papers, because it still wont be formalised till voted in by shareholder approval. Just be glad to be locked in. Atb

@OHSEE, my apologies if I came across too strong, but your post was indicating wrongdoings with SDX trading, when the truth was out there to be found. In the period prior to the TR1 it was well known that a seller was offloading a number of shares, most on here knew that to be the case. If R & M had not taken up the slack then Im pretty sure the SP would have fallen further, which may have been the targetted outcome, but it allowed R&M to increase its position at a price that was already very attractive, and even by edisons standards undervalued. Most aim stocks have the ability to be played with, but I think you can be sure that BP would not be getting involved with SDX if they had any doubts about any aspects of our company, in fact if the deal goes through it basically is a health check for SDX, as the scrutiny will be microscopic. Again sorry for such strong defensive tones. Atb

@Ohsee. Thats totally not how it is, if you check first, you will see the TR1 on the 13th Sept. R & M increased a position from 3.42 to 5.27%. It is held in the R & M Micro Cap Fund, so they bought about 4m shares in the proceeding period, at a time when someone with very poor judgement was offloading. Why always suspect the worst of people, is pointing the finger based on zero evidence the new fashion, if so its a dangerous new world for us all! Would BP really get involved with SDX if your suspicions showed up in due diligence checks!

The only reason you progress to this meeting, is because the negotiations with BP have either concluded or are looking certain to proceed and require authority from said meeting. It is a very small tweet from PW sending a much larger message to the faithful.

That tweet represents more than it says!

Lets be realistic, has the 2 weeks of not watching what was a stagnant SP disappoint really affected us, I think not. We are in a very simple place, we do a deal that nobody on here had anticipated, or we dont. As none of us has a clue what the deal really involves, apart from a simply worded press release, we will have to wait to be informed. One thing is sure, the complexities of any possible deal are enough that both parties, and any third parties involved, would need to be assured that all angles are covered, meaning that a multitude of nerds will be detailing every single aspect, which by its very nature will be time consuming. If we dont do a deal then nothing has changed for us other than some time suspended, and a spotlight shone our way, not a bad thing. If we do the deal then who knows where it leads, but PW has a record with rabbits and hats. Personally, and some may argue the point, but I believe the longer we stay frozen, the more it indicates a deal is on the cards, and its just the nitty gritty that needs fine tuning. But as we wait more income is pouring in, and Morocco is revealing itself to us via the seismic. Ive frequently been in far worse shareholding situations than this, but its rare to be stuck in one with such ability to transform. Atb