Member Info for Doubler

Great. Sometimes MM's are almost likable.

SDX has hedged most of their production / gas price for this year and next plus major success drilling. Only downside is gas sales in Morocco will be down due to the virus and industrial shutdowns.

However it is unusual to rise on good news!

SDX waiting to test the wells also. SDX drilling in Egypt now.

They have no money to pay for it but can use it as a bargaining tool when selling their asset. Not in our area so probably not.

Probably!

The point of the success in Egypt is it keeps it viable as it has been in decline and SDX were possibly going to try and sell it. We are a gas company though and have hedged our prices which are very good, in Morocco at least.

They could pick up Sound at a bargain price.

Brent down 5% yesterday which dragged all O & G down.

https://www.linkedin.com/company/zenith-energy/

A great start to 2020, Zenith is two thirds of the way through a twelve well development programme for SDX onshore Morocco, using a high efficiency trailer mounted land rig from Canadian Drilling contractor Star Valley. Timings for the wells which include Rig move, and drill and complete have been reduced from a starting point of 13.08 days which was already better than the offset wells to 8.33 days. This demonstrates a 36% improvement in performance implemented by the Zenith team through capturing lessons learnt and implementing opportunities for performance improvement on a well by well basis. We are now drilling and completing these wells quicker than it takes to rig move a standard 1500 HP rig between locations.

The pattern seems to be there for sure. The market cap is ridiculously low for our income, which is increasing. Unfortunately although we are predominantly gas, oil price will drag us down. Since the Coronavirus oil price has dropped from $70 to $55 due to China and Global economy worry so it does impact the SP.

Probably more to do with the oil price and Coronavirus than a conspiracy theory. All O & G shares suffering.

I have been in O & G for 40 years. I do read his blog but some of the companies he is pumping have seriously bad management. But I fell for his pump of SDX. Still in here but now the timescale is realistic. Very good last month.

The cost of drilling has been reduced substantially. I know the engineer who designed the wells.

He won't and has stated as much. He also said he won't announce well results until they have been tested which is with a different rig after all the wells have been drilled.

Cannot see anything about waiting for the rig from Predator. In fact I know the drilling team are in country and have been for several months. The development wells are first then the 2 exploration wells at the end.

New. Take your negativity elsewhere and .....

https://www.energyvoice.com/oilandgas/africa/212486/aberdeens-zenith-energy-in-1m-moroccan-job/
In good hands with this company.

The more I think about it you two area couple of xxxx trying to undermine the company. Xxxx off and leave us alone.

Market makers, small trades, big sellers, big buyers, takeovers, all a load of *******s. This is a solid company with lots of upsIde. Money in the bank. Revenue coming in. Drilling prospects. Not many companies can say that.