Member Info for Ginoir

Well for whatbit's worth Malcy still says 200p target, and as the oracle of listed oilies how can he be wrong?

;-)

Why the sudden interest today? Volumes are bigger than usual, though that is not saying much ;-)

I'm with Ben, Morocco or bust... or return some of the incoming cash to investors if they really don't know what to do with it ;-)

See below my earlier post from 09/01 regarding the most likely bidder, chimes with a Maestro comment. I personally think the delayed progress is purely due to Egyptian bureaucracy, I don't think Morocco is under discussion with these guys...

Reported elsewhere today [09/01] that the buyer of both SDX' Egypt entities may perhaps be "state-owned Russian firm Zarubezhneft... On 26 September 2023, Zarubezhneft was pre-awarded the North El Khatatba block in the EGAS International Bid Round 2022, which surrounds SDX's South Disouq assets."

Just a point of admin really, as the license technically expired in Sept, now extended to March. But better to have it than not!

Substantial holder just increased position from 5% to 6%

It depends when you bought in. I have been in for a few years and don't see any chance of breaking even, nevermind making a profit on my own investment BUT there is certainly a strong case to be made for the SP recovering to a multiple of today's level, and rather quickly, once Egypt is finalized, nevermind any further positives from Morocco. I mean maybe 2x or 3x in the short term, not 10x, but I will take that!

Reported elsewhere today that the buyer of both SDX' Egypt entities may perhaps be "state-owned Russian firm Zarubezhneft... On 26 September 2023, Zarubezhneft was pre-awarded the North El Khatatba block in the EGAS International Bid Round 2022, which surrounds SDX's South Disouq assets." Just a rumour, and kinda doesn't matter, but there you go.

Maybe a Malcy comment later this arvo will focus minds? Yeah, I know, relying on Malcy should be nobody's "Plan A"!

Excellent summary che7win, have added another 2000 just now, on top of 3500 yesterday, unfortunately can't afford any more but happy with that to end 2023. Merry Christmas all, especially other LTHs...

Yeah good spot, then could be a forced sale for some reason?

Then what is the reference to a sale on each document ?

These sales may be connected with coming year end, and Canadian tax on assets on 31 Dec, I have heard on other forums of dual-listed oilies e.g. TXP that many Canadians will get out of their holdings for the month of December to escape that liability, and jump back in on January 1st. Or in the case of these big guys, are they selling a chunk to cover the year end tax liability? The timing (and the fact it is two separate holders) seems to back this up. Presumably if they had major concerns over SDX they would have sold more!? But if anyone has a better explanation, happy to hear it!

Well I'm not looking the pre-xmas gift horse in the mouth, have topped up, the 5250 buy is mine...

Can anyone put any meat on the bone for these rumours about production/share capital? In any case that is probably all they are, no one is scaring me off here! But just curious... Tks

And that is just the first target... and if the mcap hits 100m I will buy them a pint myself ;-)

Spot on Trek, have topped up today, happy to wait a bit longer for a nice return. Understand why those short termers who had jumped in hoping for a quick profit are now jumping out though...

For what it's worth CG just put a new target of 117p on TXP. That's still low in my opinion but it might provoke a bit more interest in the short term at least.

Yes, EOG, 18 months ago...

Happy with today's news, as a non-Aleph way to help finances - but depends on the discount level (if any) given to secure the prepayment... but good to have different cash raise options.