Member Info for maestro1

How?

Morocco production is 2.3mmcfd gross.

Still no interview from Gould or Jay, if the sale of egypt is by year end there will be no cash left. If the buyer pulls out we screwed. Need the sale to happen now.

So in 2 weeks then. ;)

Yes Legache, we know the mkt doesnt like it.

We expected this.

Not gonna sugar coat this the results on paper are bad. What i dont understand is why are they taking so long disposing the egyptian assset. It burning our cash resources. The mkt thinks they are deliberately destroying value of egypt asset.

The takeaway is sdx will likely get around £10m to £12m for asset. If aleph convert all their shares 5p will value company at 13m.

I will say this Aleph shafted shareholders when we got 11p takeover offer last year. Its their chance to make it right now.

Edit:concentrate on morocco.

The sooner egypt disposal is out of way the better.

This is the next catalyst. They will have to call egm and get vote.

So now we can concentrate on egypt. Also oil prices are higher for h2.

The first half of 2023 was in many ways a period of revitalising the SDX story. With a new strategy that is based on developing a hybrid energy producer, the Company announced that it is selling its Egyptian assets and I am pleased to say that the process remains firmly on track and the disposal, if completed, would constitute a fundamental change of business pursuant to AIM Rule 15, because the consideration, as currently calculated in the Heads of Terms, will significantly exceed the market cap Consideration Test threshold. The disposal will allow the Company to address some of the legacy issues inherited from the past and allow the Company to develop its organic and inorganic growth story in Morocco and beyond.

As expected, production down with low capex.

Have $6.7m cash.

Just get the disposal over the line. Im saying around $15m.

Current mkt cap is 8m.

Naa, standard gas pockets.

Malcy doesnt get inside info.

Now give us info on egypt sdx..

Littlened

We know there will be reduction of production, all eyes on egypt.

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Who knows if they fill that Moraccan pipeline they can generate that. ;-)

He came in the morning and left be gentle. :)

Half-yearly reports

AIM Rule 18 requires that AIM companies prepare half-yearly reports within three months of the period end.

The information contained in a half-yearly report must include at least a balance sheet, an income statement, a cash flow statement and must contain comparative figures for each of these. For the income statement and cash flow statement these comparatives are required to be for the corresponding period in the preceding financial year, while for the balance sheet they must be either as at the corresponding date in the preceding financial year or as at the last balance sheet date notified. Additionally the half-yearly report must be presented and prepared in a form consistent with that which will be adopted in the AIM company’s annual accounts having regard to the accounting standards applicable to such annual accounts.

The only producing data is from dec 2022

Morocco 5mmcfd gross

West Gharib 390bopd

South Disouq 18mmcfd net

The sp has fallen too much..

After the ukrainian war foreign bond holdera began to take their money out of egypt its caused a bit of instability. Saudis, Qataris have helped and so have the imf.

But we have made the decision to leave egypt and concentrate in morocco.

Its a large operator who will buy our egypt asset for significant funds.

Earlofaim you beginning to believe.

Its rather silly, the sp crashed from over 8p due to egypt not allowing dollars to leave country for all businesses and citizens.

Bp and eni have just signed new deal with egypt, sdx have signed Heads of Term to sell asset to large operator and will concentrate in morocco.

Cheap

Legache

Wait for the strategy news it will be their and the h1 results.

Like i said if they have over $5m in bank in egypt im confident they will get $15m-$20M for asset. The mkt havent got their marbles together. They need to be spoonfed.

2700boped is fixed gas price of gas in egypt at $2.85.

Revenue around $45m.

Legache

They would look like huge idiots if they informed mkt on new strategy and ksiri 21 found no gas.

I dont think the chinese would have given the upfront payment for gas then.

Todays news is positive this means that the larger payment will likely happen.

We all know money is a bit tight as its all in egypt. But im confident they will get good deal for egypt asset.

Fairly sure thats is for 2024, they currently negotiating higher upfront payment with the chinese.

Legache

The upfront gas payment from chinese would have been subject to them finding gas at ksiri 21, now that can go ahead as criteria matched.

So the new strategy can be announced.

More news coming imminently. Imho

Great news, mkt cap 7.67m

More news to come