The latest Investing Matters Podcast episode with London Stock Exchange Group's Chris Mayo has just been released. Listen here.
Jay cannot hide for long.
We know egypt has it difficulties and most of our growth was funded from their. We have decided to dispose egypy asset and know its multiple of current mkt cap. We know results will be dire.
Just give mkt new strategy, the ksiri 21 well should have reached td by now also.
SDX ENERGY PLC ("SDX" or the "Company")
SDX AND ALEPH NEW ENERGIES TO PARTNER ON ALTERNATIVE ENERGY PROJECTS
SDX Energy Plc (AIM: SDX) is pleased to announce that it is partnering with Aleph New Energies ("ANE"), via a Memorandum of Understanding, to explore and to develop projects in the alternative energy sector. The parties will consider any projects deemed to be alternative energy, including, but not limited to, alternative/noble gases, energy infrastructure, solar, geothermal technologies, energy storage, gas and carbon storage and waste to power. As part of the partnership SDX and ANE will work together to provide technical and commercial support to identify and develop projects; additionally, ANE will provide the financing for such projects.
Legache
Who said the egypt deal is so good? We put in millions and will get significantly higher than £6m, still lower than we spent. Chinese offtaker requires gas and its only sdx that can provide it. Why should sdx take all the risk and not benefit?
There will likely be an aquisition next year and sdx has said aleph will privide funding.
Littlened
The strategy, they are taking upfront payments for gas from the large chinese offtaker. They are currently negotiating a large upfront payment for 2024 this will leave them significant cash to drill those deeper larger exploration targets. Sdx has large acreage in morocco and prd are not far from them. If prd have managed to find large deposit of gas i cant see why sdx cannot.
Sdx are few years ahead of prd. Sdx are only gas producer in morocco.
It will be nice to know the sale figure of egypt assets with this strategy.
Lol
Well Jay needs to get his finger out now, hes been sayin a new strategy will be released to mkt imminently.
We are still waiting. Days go by he cant hide we know by next friday all should be revealed..
Uog are valued at £8m and hav 500k in bank. They too are in egypt. Making annual revenue around 15m. We are valued same as them....
PW tried to buy another asset i recall was it with shell or BP i dont remember he knew they couldnt rely on SD. The accountants that came afterwards Reid he just followed the status quo and didnt even look for a new asset.
I still maintain SD is worth more than mkt cap and then they have west gharib.
Another thing if they were to build pipeline in morocco from scratch how much do you think it would cost? Certainly more than mkt cap why hasnt the mkt grasped this they are only producers in morocco and have infrastructure if they are to find large resource they are in the money. Morocco alone should be worth 20m plus.
Lets wait for the new strategy and wait for h1 results to see how rubbish the accounts are. Not long now within 9 working days to be released.
Moroccan well should reach td this week.
However poorly the company has done if they wound up the company now they would make 200%. Shows you how undervalued it is.
Aleph Commodities Limited is a global trading and investment company, founded in 2018 by former executives of Deutsche Bank, Goldman Sachs, JP Morgan, Engelhart Commodities Trading Partners, and Credit Suisse, supported by several large US and European family offices who are also shareholders of Aleph.
You are correct
https://www.thenationalnews.com/business/economy/2023/05/18/foreign-investors-given-priority-in-egypts-latest-economic-reforms/
Well let see the capex for h1, they have got chinese to pay upfront for q4 gas and her in process of agreeing larger upfront payment for 2024.
This will give them time to dispose egypt asset. What a rubbish place to do bysiness in, dont know why bp and eni spendin billions their.
Legache
I agree but what we need to see is the h1 finances.
When they sold 33% of SD, Reid said it valued the whole of SD at 6.1p a share. Considering they havent drilled any new wells and have been unable to remove funds from Egypt this year will be interested to see the finances.
Im confident when they dispose the egypt asset they will get at least £12m.
Look at bce valued at 20m they are testing well and have 4m in bank. They have no income at present.
SDX producing 5mmcfd in morocco and at $12 per mcf that is $22m in revenue
With sdx producing gas in morocco and them with having £12m in bank an mkt cap in excess 20m is possible.
Littlened
Especially with brent now trading at $95. West Gharib is a nice earner.
Mkt cap of 8m valuation for the whole company is crazy. Convinced once the interims are out within 10 working days the mkt will react.
This was Mike Reid talking about West Gharib being high margin asset. Brent is $94 now..
Mark Reid, CEO of SDX, commented:
"The logs from MSD-24 are encouraging and the well will now be connected to our infrastructure and flow tested. We will update the market on the results of this in the coming weeks. With oil price now at multi-year highs, West Gharib is a very high margin asset in our portfolio and MSD-24 and subsequent wells will boost production and cashflow from these fields in the coming months. I look forward to updating the market further as the campaign progresses."