Member Info for leapfrog

Anything producing a margin of circa $10.00 over costs of circa .37 cents per share is worth its weight in gold especially if eventually churning out max target of 24 MMscfd equal to 4,264,814 BOED So SDX pick up 75% of 4.264.814 which allowing for minor variation is 3,198,610 BOED in terms of value add in the actual BOPD The gas prices are fixed term contracts now five years possibly ten years depending on supply parameters.

I am only on a million for the moment as I don't think anything will happen in a hurry my initial target sp is 1.5p followed by 3p then IF my proposed scenario gets under way target is towards 10p/15p It's a high end price for a mini AIM stock with a billion shares in issue but it is based partly on the speed to production once the well is drilled ready to produce and an extension connective pipeline is built (cost ~ $1.5 million) plus the huge profit margin based on local high gas prices.

I am certainly familiar with FBDU, came in earlier, sold out at a higher price than today's buy price (made a loss)when I realised it was not going to perform as fast as expected. At that time the chat was all about UK and Euro markets which seems to have gone back stage. Some seriously knowledgeable and good posters from within the industry posting useful information on occasion. One advantage not usually mentioned is BOD have distribution sales expertise. For the moment on my watchlist.

They are talking in terms of finding gas ~550 metres from previous drilling records. If that translates into good porosity and almost no waiter content being proved up by modern technology into say a overal minimum of 15MMscfd based on the high end of the 2.3TCF reserves. They have 48 metres that should produce a minimum of 2MMscfd which if scaled up to 15MMscf through the remaing ~500 metres is worth say net ~$8.00 per Mscf translates into one huge amount of daily income once the gas is connected to the pipeline on to the distribution hub. The entire cost of the operation for drilling and getting the gas to the sales hub would probably work out at far less than $1.00 per Mscf .The cash is funded for the operational costs. A little waiting time for interest in the sp to be generated by the golden herd but early bird thinkers could adopt a hold strategy instead of a hit and run strategy.

Alongside the ask rising the bid has dropped since this morning giving a 20% spread,should be able to deal well inside both if necessary.

As you say Your a city trader yet you state information confirmation that is not in the public domain and if broadcast by the company could cause an alteration in the sp. You talk absolute nonsense or else a BOD member is in serious trouble. No such information had been given out.

First go into petrelenergy.com view Tesorillo project presentation 2013 then look through it and you will note a small statement about not fracking. The presentation also comments in hindsight on what went wrong was wrong with the original drilling '56 technology. Then google the area politics for the Green Parties stance.- and their comments about making resource recovery as difficult as possible despite span.gov rulings. Despite the above the price of gas is high and will remain so,although the eventual recovery costs once gas linked direct to the sales hub will be minimal if all 600 metres of gas play are introduced.

Just picked up a million at .514 or thereabouts,bought them in a little earlier than I wanted as I thought the sp would end up slightly lower into the .4's Will be adding until I get a reasonable holding together.

Serious Problems created by the greens enacting laws making it impossible for resource recovery despite government intervention.

It is a basic picture as they see it and it gives us an idea of their values.

I don't think it matters which system is best because as PIs we get very little information about the actualities so we work out the best way we can. As far as I am aware the conversion rate given is accurate. The BOD talk in terms of both BOPD and scfs.

SP - I make the assumption that SAH-2 is not yet tied in so is not producing. So it should go on stream at minimum1Mscf / day..=172.39 BOED to be added to the 6mmscfs in production now. Yes 6mscf is 1034.37 BOED You could correct it to 1205.76 BOED Also SAH-2 may be streamed in at 1.5 MMscf I don't know.

That is one hell of a report - so we are now selling gas equivalent of 1000 BOED somewhat up on previous figures. Within a few weeks that number will be increased to around 1170 BOED all at a cost of 37 cents mmscfs to be sold at a ~$9.00 profit from distribution point. No tax payable for ten years. We wait the results of our current drill due in a few weeks. Then we will have five rigs in operation at one time.each one with a reasonable chance for success. Excuse my enthusiasm

To be more realistic once production starts and is tied in to the distribution centre halve that figure after costs to around $12000 a day reducing so about $4million a year to start with. Not a bad return

If research is carried out their is a report on the 5.5,6 and 7 day working information. Plus o/p figures.if memory serves to be found within the mass of information on wolfminerals.com.au. Also stated plant design was for 5000tons o/p i.e. A lorry load per day.

Although I like Fibonacci numbers they take no account of major success or failure. For most exploration companies charts are useless at predicting outcomes all they have is past fixed information whereas the sp is reactive to current active information.

The view of sadly sellers still around is odd their will always be sellers. I expect most of them made a profit by buying in on the recent lows for a straight trade. I hold a reasonable amount of stock with the longer term view in mind and have little interest in the day to day price movement. We have an extremely profitable production and exploration company with a product that is in growing demand with high profit margin and zero taxes payable of a ten yr period in its Maroc concession. We can sell more than it can find. With regard to Egypt -the change of regime has given a 100% boost to potential profit originally assed by SDX which was not available until a few months ago. Then an assumption ;- For a small company with a low SII the large number of Egyptian well spud potential represents the shadows of future elephants in the room,any one of which hitting thousands of BOPD or BOe/D will send the sp out of reach. If,it is an if an elephant or two was found their would large dividends in the form of cash or scrip issue as well as a high sp in the region of several pounds per share.

I don't think the sp status is anything to do with Beauforts, more to do with news. Tthe coming RNS will define income via o/p from its two investments then its waiting time to see if the deal on the subjective acquisition goes ahead as expected so until nearer q4/Q1 2018 before single well drilling news

Looks like that is some 10.4 millionscuff a day o/p added into our resource bank.Those 10 year contracts getting closer No complaints there then.

Beauforts problems won't change the sp concensus.