Member Info for maestro1

PW had more balls then these two, he was prepared to go after the deeper oil target in the young prospective.

These two dont want risk just a wage as long as they can.

Legache

Question is why put these two accountants incharge?

Paul Welch at least had an personality.

Luckcounts

Very compelling, nice to see some action today.

Goldieshotz

Agree casing will need to be set but casing were also set in sobhi, ibn yunus. The geology is same isnt it?

But anyway interesting times here.

Im surprised ibn yunus 2 test results are not out yet..

Shakey

How much cf they generating from Sd?
How much from WG?
How much from Morocco whwre they getting between $10-12 per mcf?

Stop being miserable...

Enterprise value only £24m........

Debt free
10m loan facility untouched
CF over $30m per annum

Drilling hanut well which can double companies reserves.

Auctus value 2p reserves at 24p per share, this doesnt take into account further potential in both egypt or morocco.

Analyst target between 35p-52p.

Considering they drilled ibn yunus 2 8000ft in 14 days, today they mighy actually reach 5200ft target for kafr sheikh fm for hanut well.

Not long for transformational results.

Southmead

Number of buys today, though..

Strange trades, 400k sell and then 400k buy after hours.

Goldieshotz

Bearing in mind kafr sheikh target is only 5200ft in hanut, so slightly less than other places they drilled.

Leathal

Yes here and sdx, both undervalved.

Looking forward to increase production in tunisia.

Both gas and oil producers

Sdx mkt cap 30m
Senx mkt cap 30m

Both debt free

Sdx cashflow of 30m per annum
Production close to 5800boepd

Senx production 2500boepd
Senx cashflow 10m per annum

Edit

Sdx must have drilled 3000ft of hanut by now, so cant be long to reach TD.

Luckcounts

The sp is already depressed, already undervalued even if hanut is a not commercial downside is limited, upside is huge.

Sdx have drilled 300ft by now.

Surprised they havent released ibn yunus 2 well test results yet.

Goldieshotz

Im content with kes coming in but still aware of the salah well where the kes and abu madi had narrow formations.

Southmead

The business model is fine, I recall PW stating that management believed over 2TCF of gas is in the acreage, Abu Madi and Kafr Sheikh are prolific producers in the Nile delta, i read on the internet as you go north in the nile delta the kafr sheikh zone goes thicker.

Reid stated they valued 1mcf at $1, so 139bcf find will be $139m gross, for a company which is only valued at 30m that is transformational and maybe they can increase capacity at the plant.

The question we can all ask is how confident are they with this well, the ibn yunus 2 found gas in this zone recently we are awaiting test results.

No discussion on the boards?

Totally off radar, really hope they surprise the mkt with hanut.

Mkt thinks it will fail, pending ibn yunus 2 test results due also.

I recall when Paul stated they believe there is 2 tcf of gas in South Disouq back in his days.

Now the Kafir El Sheikh fm was found which is all over the acreage, would this have increased now?