Member Info for maestro1

Looks like january it is.

If deal is not happening they would have to update by friday.

I think its still happening.

Littlened

The deal price was more or less agreed hence they were saying the deal will be significantly higher than 75% of mkt cap.

Interesting HBR have purchased Wintershall Dea Assets with assets all over the world. They too have assets in egypt and in disouq. They partner with BP too. Interested to know who has planned to purchase assets sdx has stated its a Large operator.

https://wintershalldea.com/en/where-we-are/egypt

"The transaction is expected to complete by the end of Q4 2023;"

The Heads of Term was agreed on Aug 31st, i wonder why they agreed to close deal by end of q4? Maybe they hoped egyptian dollar issue may have been sorted by then..

Anyway looks like it will close in jan now. 4 trading days left now this year. Citic also plan to agree to a larger offtake for gas too.

Judging by them staying quiet, i assume they in close period.

AMC took along time to dispose asset in russia their ceo also never responded to email once it was done shareholder got their slice.

Still waiting, i dont think it has anything to do with money for the potential buyer. Sdx needs permission from egypt and also separate the egyptian asset from Morocco.

Still maintain sdx will get between £10m-£12m for the sale.

SmellyBen

They had multiple offers back in summer, if the "large operator" was pulling the plug we would know by now and the asset would be offered to someone else.

Sdx will divest from egypt, it will be beneficial for aomeone who already has assets in egypt. The buyer will get massive discount buying the asset from sdx.

Its clear the actual sale will go through after 31st dec as an egm will have to be attended to agree to the disposal. Hopefully the sale contract signed next week but likely before end of dec. Imho

We can only go by sdx recent rns on 27th nov where they stated

"The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale."

Next week... fingers crossed

Yes it was a disposal on 1st dec but his holdings are now separate.

Look at rns 1st dec, i think he has separated his holding from VALERIE A. BRACKETT

Tr1, the threshold was crossed on 1st dec.

Almost 4 month since HOT signed why is the buyer taking so much time.

I believe the deal will be signed this month but egm will be in jan.

Just get rid of egypt asset so they can start drilling in morocco.

What.. you expect an rns today? Why

I have used the generic contact on the sdx website, care to share his work email?

Smellyben

Egm maybe in jan now but hopefully deal signed this month.

Littlened

You have his email?

Give the ceo a call? ;-)

Yup recent rns 27th nov.

"The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale."

You not taken them all have you?