Member Info for Ginoir

The 15,000 buy at 12.33 was me, seemingly had the same idea as a couple of others at the same time. All in on TXP now, this is nuts.

Agreed. The assets (existing and potential) are one thing but there is a step change in intelligence and clarity with this new(ish) leadership group.

Then there is no justification for the delayed RNS. Not only was this info clear days ago to SDX and others in Morocco/connected to the drill, but they announce themselves on social media a couple of days before the RNS? Gee whizz...

Enverus, a paid-for, highly-regarded industry intelligence service, it will be accurate (not that they say anything sensitive anyway)

Reported today that drilling completed, so expect RNS soon...

SDX - Beni Malek 2 - Rharb Occidental - Drilling operations concluded in onshore Gharb Basin appraisal well

In late April 2024, SDX Energy was understood to have

concluded drilling operations in its Beni Malek 2 (BMK 2) appraisal well on the Beni Malek Sud-Est exploitation permit, located in the Gharb Basin. The well was spudded on 2 April 2024 and had a 1,470 m

PTD. BMK 2 is targeting three stacked reservoirs in the Miocene Guebbas Formation and is appraising SDX's Q1 2020 BMK 1 gas discovery (1,551 m TD) located ~1.5 km away. BMK 2, if successful, will be tied in and

brought onstream. Drilling operations were carried out utilising the Star Valley Drilling #101 rig.

Another confirmation of progress, short and to the point. Onwards and upwards hopefully.

Nice! Hopefully the RNSs come more regularly now and with more good news. Have a good weekend all.

Well, it's progress. And as much as we have felt starved of info on various fronts, seems that RNSs will indeed only come when there is material news, no problem for me.

Firstly, really good news, well done all at TXP!

Secondly, IMHO the wording of the RNS has for once been very carefully considered. There is nothing over-the-top, nor any unsubstantiated spin applied. This means the tone of the RNS is flatter than it perhaps deserves to be, given the great news reported, but it suggests they are learning. Better to under promise and over deliver than the opposite, Mr B!

Yes, perhaps just an ISA bounce, however why not, it's a no-brainer IMHO....

I just got the below from a reliable news source, but don't see it in the RNS, at least not on this site, am I missing something? Tks

On 21 March 2024, Touchstone Exploration Inc reported in its 2023 financials that it has entered into an agreement to sell its interest in the onshore Trinidad Basin's Coora 2 Block. The buyer was not named. The decision to sell the asset was made after operating expenses were higher than the corporate average and due to extensive work commitments. Following completion and approval of the transaction, Touchstone will reduce its 2024 work commitments by three wells and three heavy workovers.

Well whatever you are doing please continue, it's having a positive effect on the SP!!

He's in Calgary, so it'll be a cowboy on a bucking horse. You should all go to Calgary Stampede once in your life, it's wild... LTH may hopefully be able to spend some TXP profits there as soon as this summer! ;-)

Agreed, existing production provides a nice floor for the SP, even though it is not where it should be, and there is so much potential upside, numerous reasons to be optimistic as the year progresses, and potentially good news coming very soon...

No major "new" news as far as I could see though

Me too, the early 4300 buy was me. I was in Calgary last week, there were good vibes on the street there.

Regret not, it's from a paid (ultra reliable) oil&gas news service, Enverus...

I guess they just deem that it doesn't meet the criteria for RNS issuance requirement. Or maybe a bigger RNS is imminent into which they will insert this smaller news too - but the total silence recently is not helping...

SDX Energy has been granted a modification to its Rharb Occidental petroleum agreement, located in the onshore Gharb Basin, effective from 18 January 2024. Whilst details have not been disclosed, the amendment relates to changes to the company's work programme and bank guarantee for the current exploration phase.

The licence was originally awarded to SDX Energy in September 2017 on an initial four-year term. It is located between the company's Lalla Mimouna Sud and Sebou licences, with these areas acquired following the purchase of Circle Oil's Moroccan assets in January 2017. To date, the company has drilled nine exploration/appraisal wells on Rharb Occidental, with six commercially viable. Additionally, three production licences have been carved out from the permit, comprising of Beni Malek Sud-Est, Gaddari Sud Ouest and Al Harati Sud. SDX operates Rharb Occidental with 75% equity, in partnership with ONHYM (25%, carried during exploration).

SDX Energy has been awarded the onshore Beni Malek Sud-Est production licence, as a carve-out from the company's Rharb Occidental licence, located in the onshore Gharb Basin. The 0.84 sq km block is valid for an initial two-year term, as the company looks to bring the Beni Malek Field online, followed by a 25-year production phase and a 10-year extension option. The discovery was made in the north of Rharb Occidental back in early 2020, with the Beni Malek 1z NFW (1,551 m TD) encountering gas in the Miocene-aged Upper and Lower Gebbas sandstones. Estimated recoverable resources are 0.9 Bcf. The field will be tied-back to the company's other gas fields and infrastructure in the Basin, with a c.10 km pipeline likely required.

Beni Malek Sud-Est is the third production licence to be carved out from Rharb Occidental inside a year, with Gaddari Sud Ouest and Sidi Al Harati Sud awarded in early 2023. The original 1,343 sq km Rharb Occidental exploration permit was awarded to SDX in 2017. Since then, the company has drilled nine exploration/appraisal wells, with six commercially viable. More recently, the junior outfit has undertaken a strategic review and is doubling down on its investment in Morocco, with an ambitious aim to become a 'hybrid energy player'; essentially an expansion into renewables, synergising with its core gas assets. The company operates Beni Malek Sud-Est with 75% equity, in partnership with ONHYM (25%).