Member Info for maestro1

Was that you littlened? 500k?

Sdx hasnt done interview or presentation for a long time. Why dont they?

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/

You mean workovers?

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.

Https://www.mees.com/2023/9/8/oil-gas/eni-bp-pledge-multi-billion-dollar-egypt-spend/fc91b770-4e49-11ee-8a30-2fbf83c6fb40

All cant be that bad if both prepared to invest $7.7billion between them.

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."

Legache, this fell to 3.65p when someone was doing heavy dumping it appears they cleared.

Sdx has managed to improvise they cant get money out of egypt but have managed to get offtaker to pay in adv for gas from morocco.

With regards to egypt i expect production to have declined but with capex being reduced expect to have some $ stashed doing nothing. Brent is $94..

I dont think this will go any lower, the sp is depressed already.

Its hold and wait.

Not in short order but will have potential.

By end of year this will be over 10p.

Littlened how have you come to that figure?

Legache- its not as simple as that, they didnt give the co any of the receivables owed and also the cash balance. What do you value $17m in receivables?

Moroccan assets are worth over £20m add the £20m cash thats 40m mkt cap a quick 5 bagger there.

The board need to hurry up and let mkt know what the sale price is.

Uog bought 1100boepd for €14m euros in egypt.

Https://enterprise.press/stories/2017/01/29/sdx-energy-prices-circle-oils-assets-in-egypt-morocco-at-usd-30-mn-in-cash/

The moroccan asset and 40% of North West Gemsa, sdx paid $30m.

Now what is SD and WG worth? I think it maybe close to $20m...