We are an E & P company. So we explore and produce. In 18 months when these wells will be ready to produce / sell who knows what will happen and what customers we will have. We should not stand still licking our PW wounds.
"Up to twelve wells planned in Morocco in Q4 2019/Q1 2020.". The planning for those wells is at a mature stage. "All wells funded from expected future cash flows and it's existing sources of liquidity."
Okay first let me apologise as I wrote this after a few sherbets. But my point is reading the Amerisur BB it is almost the same “negative” conspiracy theories about MM, takeovers, etc. Their market cap is X3 of ours but same production but it is so undervalued. Having been in the Ithaca rollercoaster and ended up “happy” I believe SDX is a healthier business be patient team this is a winner. PW for all his over promises is a man of substance.
I am following Amerisur as a potential investment. Market cap 154m, Sdx 53m. We are producing about the same, we are likely to produce double shortly. A lot of chat about MM’s, manipulation, takeovers, BOD rubbish, so cheap, blah blah Blah. I like reading the BB but so much crap posted.
Was also big in IAE. The fact is we were lucky to get 120p no matter what Malcy said. Ithaca went from 20p to 120p in a short timescale. SDX much better prospect: all onshore, low Capex and Opex, production increasing and a market for it. Hold your nerve SDX is owing to be real.
I have not read a more negative post recent. I doubt you are an investor but a group of Trolls targeting SDX. SDX is one of several fantastic opportunities at the moment. Short term hey ho, medium great, long term fantastic. 40 year O &G experience here.
They become a $1B company by commercializing their recent discoveries, shooting 3 D seismic, and carrying out a 12 well exploration / appraisal drilling campaign, as well as workovers. All self funded.
RE: RE: Morocco oil and gas summit04 Feb 2019 14:50
As the well was over-pressured the well design may need upgraded and / or higher pressure rated test equipment sourced. Due to the downturn in the oil industry you cannot get equipment off the shelf anymore and some has long lead times.
I am more than happy to spend our cash on exploration wells. We bring our discoveries to the market quicker than most companies and are still building infrastructure. The SP will probably wallow about at these low levels for a while but when it goes up it will probably be fast. The fundamentals of SDX are solid so we just need to be patient.