Member Info for maestro1

Legache

Thats assuming they have over $10m in cash now on top of production and receivables. Sale price will be large then in my view.

We have already been told Aleph will fund large projects in morocco.

Edit:

All eyes on the results how much CASH did they generate in egypt in h1.

Imho they will pay the convertible loan off once egypt asset is disposed.

They could have paid back ebrd bank but money was stuck in egypt.

At the end of dec 2022, sdx had 10m in cash and 5m owed to Ebrd bank, they took 2m from the convertible loan to pay part of the ebrd credit facility as they couldnt get money out of egypt.

All eyes on the results how much gas did they generate in egypt.

Shore capital..

One analyst value sdx at 20p a share who has taken notice?

Central Bank of Egypt have been restricted dollar transfers out of country and with sdx admitting most of their growth is funded through assets it egypt one can assume they will have dollar pile in egypt considering no new wells were drilled in h1 2023.

Once the mkt realises this will surge. Its common sense.

Looks like next week will be news rich, have likely reached td in morocco sebou. H1 results have to be out by friday. Will be nice uf they sign sale agreement next week also.

Oil is not but gas prices are fixed at $2.85

Well lets see, no drilling has been done at SD in 2023, workover in 2022 was less than $1m.

WG will have had some workovers done. They should have extra cash in egypt stored.

It will show the cash position of the company in egypt till june 30th.

Like i said if they have $5m in bank in egypt, include production, infrastructure and receivable then certain more than £12m.

Not really irrelevant, if say they have $5m stuck in egypt bank and also have $17m in receivable and having production/infrastructure then you can imagine the buy price will be significantly higher.

Need to see those accs..

Im very bullish on sdx.

Get the results out of way. I see rerate after results..

Because of the dollar issue and they will not be get full conversion rate from egyptian pound.

Also no new wells in egypt so the production would have declined. Once mkt knows the company can stand on its feet and they will get decent wedge from egyptian asset this will surge.

This fell from last results from high of over 8p due to the egyptian dollar issue and not be able to remove funds from their hence having to raise funds. They have manage to secure funds via aleph and get upfront payment from DMX. I expect a rise.

Once mkt realises this isnt going bust this oversold territory will be gone.

Sp should react.

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.

Up on no trades.

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.