Member Info for daft63

Quality!

So everyone agrees that something aint quite right here, tbh even I cant understand the low demand, success at IY should have been the starter gun, instead 0.25% traded in 90 mins. But given that the next 2 drills at SD are almost dead certs, then SD alone without mega field potential, gives the Mcap at a P/E of 5. based on a gas price of just $2.65. So whats missing, something must be wrong, we dont have the full story. Well Ive just finished reading Red Notice by Bill Browder, great read btw, and his biggest baggers came from Market ignorance.!!

May be going deeper!

The God of Understatement. Sdx's drilling success rate is outstanding. To those who have kept the faith here, read PW's "very significant natural gas potential this licence holds". Might even go blue today!atb

Make that $73.

$72.5. But more concerned with volume just before news is due.?

Agree, might pave the way forward. That 250k has probably been a few days in the working.

550,000 shares sold with the price going up?

Cheer up Shakey, yes its frustrating but its only time and patience. You know this share as well as anybody here, you know that facts will drive demand, not shareholder expectation, with only 204m shares demand will drive this fast once it starts. Its hard to take right now, almost defies logic, but value cant be ignored, achievement in either country of operation should reward, atb.

$71.

Griffin, the cash generation figure of $50-60m will not be achieved this year, it will be when we fill the pipeline line capacity, our 2018 year end target is 8-10mmcfd. Psa's demand is unknown, but it is reasonable that it will increase with the ramping of production. Our reserves in Morocco at present are short of what we need to fill the pipeline for long term contracts, which is why we need to drill next year. But we have enough to fulfil all demand in the short term, we could fill the pipeline at 24mmcfd for the interim period, but the race is on to up our reserve base. It all depends on identifying the best targets, with these last 2 drills and the upcoming 3D. Reserves required for 5 year contracts are 18.4bcf for 10mmcfd, 44bcf for 24mmcfd and 73bcf for 40mmcfd which is capacity under compression. At a blind guess I estimate we only have 10bcf max at present, so well short of targets, but with identified demand for up to 52mmcfd all we need is the gas. Atb

Very valid point with the offshore drill, it will indeed be of interest to see a strike out there! Have a great Easter break all.

Thanks for the clarification, great post.

For a long time in my calcs on SD incomes I first account 60% to cover state cut and taxes, its not that I know this to be correct, it just seems right when looking at our other Egypt figures. But SD is not about state cut, sales price or daily income, prove up more than 2tcf and it will be about counting how many golden tickets you own!

Just hit $70.

Well, its a good read, alls good to date, add another 3 months of income, at higher poo, and its sets the tone for future rewards. Still got to juggle income with capex, I suspect thats where the doubts lay, but PW is on top of the game. Morocco 3D is a vital component in growth here, it may lay the path to huge rewards. Only worry about the sp if you want quick gains, are a gambler or you are FOS! If you are here for longer then no shocks here, good growth with more to come.atb

Sorry pal.Dementia.

http://www.iii.co.uk/articles/490900/oil-man:-saffroncoro-range-resources-genel-energy

I was referring to oil price fluctuation, its effect on netbacks to sdx, and possible upside to incomes.

With May 12th as the deadline for Trump to decide on the Iran nuclear deal, expect more fluctuation, as sanctions may be reinstated.