GreenRoc Accelerates their World Class Project to Production as Early as 2028. Watch the full video here.
Legache
When they sold parts on SD prior they put valuation of 6.1p a share to company. Now this didnt include the cash balance, receivables and West Gharib. So south disouq is worth at least current Share price in my view.
Then we have West Gharib, the dollars stuck in egypt and receivables.
All eyes will be on cash balance, yes production will be down but who cares we are getting rid of egypt asset
I think between $15m-$20m is possible. So hold on...
Treeshake
Can sell on mid price.
All im saying you buy at current price by end of dec you wont be dissapointed.
Mkt cap under 8m and they expecting close to $20m from egyptian asset disposal. Imho
"Commencement of drilling signifies an early milestone in SDX's new roadmap in Morocco, which the Company will present imminently..."
Come on Daniel Gould
It will also be nice to see separate revenue for both morocco and egypt. Also will be nice to see cash balance in both countries. I suspect egypt still has an large balance.
Legache
The buyer would have had access to the books.
Yes its not official deal but they wont pull out now. Imho
There was multiple offers if sdx wasnt confident of deal then they wouldnt have signed exclusive HOT deal. They would have carried on negotiating with whoever wanted it.
Legache
Im interested in the cash balance then we can estimate the disposal price.
Production would have surely reduced in h1 and so will capex but the buyer is already aware. The sale price has been agreed, the buyer has already seen accs. If sdx still have $10m cash then u know they will get at least $20m.
Then Current mkt cap is a joke.
Legache
Agreed but always a risk. Low risk as such..
"Using existing 3D seismic, the well is targe ting a well-defined prospect within the main Hoot formation, which is the main producing sand in the area. SDX has drilled over 20 production wells in the same basin . As such, this new well presents a low-risk step-out location."
I believe sdx is oversold, can see it 6p plus after results when mkt realises thing are not bad as they seem.
However if ksiri well in morocco is a duster we are doomed as we cant get money out of egypt and offtakers require gas. We will need the money from egypt disposal fast.