Member Info for NewKOTB

yes,yes,yes .... no matter how you cut it, the possibility remains for a t/o on the cheap.

Harts,

As days turn into weeks and the SP fails to progress your "and my conspiracy theory of someone wanting the company on the cheap" is becoming more valid.

I to think the future of SDX had already been written many months ago. Would not be at all surprised to wake-up to an RNS stating t/o of a 45% premium to closing SP based on our WMA(100) of 21.25p, or 30.8p as it stands.

Absolute scandal should this occur, but that' AIM for you.

aimo & atb

Well done on i3 today ..... no doubt a little profit will wing its way here one hopes.

I missed that one, didn't really have time to investigate, oh well ..... (sad emoji)

atb

Providing it's nothing to do with Zanaga, then this could force Glen's hand as it may need to raise cash to support its SP.

Good news imo

Who knows what will happen to energy prices in the future, all I know is domestic demand is increasing YoY.

Brexit ... new tariffs on imports would ensure the UKCS will thrive, come back in a months time to see where prices are. Until then, business as usual for SQZ .... cash rolling in, debt free, strong financials , one of the lowest lifting costs in the NS and a mega deal or two on the near horizon. Even with 8 year gas lows healthy profits are still being made. SQZ in 25 days time will increase its share of the BKR PSA by 20% and continue to benefit from the 35p/therm hedge.

http://www.ipaadvisory.co.uk/media/1139/brexit-implications-for-the-uk-gas-industry-17_06.pdf

When I say sold, an NDA pre-sale agreement is in place.

Zanaga, a major, finite resource is off the table, Simandou comes to market, you are going to get massive bids to secure a globally important asset, will you not.

That's my reading of it.

atb

archy,

"Ask a question. Why was Simandou bid so huge for a resource that won’t come into production until 2026 ?.... "

Ans : Because the Zanaga Iron Ore Project is OFF THE TABLE (ie already sold)

aimo

So from 1/1/2020, in 30 days our share of the BKR PSA will increase by 20% so continually adding to our est c£95m CoH, profits will most likely be up again and our OpEx should also fall.

Since the BKR deal was struck only 2 years ago, SQZ has gone from being a minnow swimming with the sharks to being mid-range producer able to compete with other sharks. The next could be, as Mitch stated, looking at doubling our production.

My concern is SQZ are in effect a free cash machine with a guaranteed 100% increase of the BKR PSA by 2023 as of today. That has to be tasty to someone ..... but when we add in another deal, possibly on similar terms to BKR (40/60) split on striking the deal with improving percentages YOY, for the next 6 years, then you can easily see how we could be taken out shortly after our next deal. The BKR model has been proven .... SQZ will be a fully self-funding acquisition WITH massive FCF ....

Could this be ACW et al retirement game plan, after all the AVERAGE age of our BoD is 69 years, Mitch being the baby at 59.

Will someone take the bait ..... I think so !

2020 will be a massive year, just need the vision to see it.

aimo & atb

NM,

Yes, our BKR revenue increases by 20% from 1/1/2020 and don't forget the hedge is still in place too at 35p/therm

We are then fixed until 31/12/2021 after which it's all ours ........ Muahaha !!!!

atb

4K,
"shameless pumpers like it was 2 years ago?..."

If so, imo they will be looking for +30p this time around. The problem is real investors may well bail too.

Will the SP come back down this time ... not so sure myself, too many pointers turning more positive than ever before imo.

gla

Yep, trades are certainly improving. Just hope we are not being lined up for another P&D. Although I guess one day the rise will hold and lockout the traders ...... 'A' buys are preferred to 'O's into the close this case imo.

atb

Sasa,

Agree, Shearwater would be guilt-edge deal and primary choice of deals for me atm.

Don't really care what would follow, but Shell's Sherwater 28% as a follow on to BP's 27.5% would blown my mind should the deal/s be concluded on similar terms to BKR ..... Mouthwatering and deliciously scrumptious comes to mind !!

Come on Tony and Mitch .... do your magic !

atb

Yep, we could easily make a move on i3 Energy now.

They are in dire need of cash to progress Serenity and Liberator ... probably get the whole lot for fire-sale price should their SP decline continue.

Or we could farm-in and become operator for nothing, giving i3 a free carry.

Great for SQZ to have options with our CoH growing day by day, I estimate at c£95m atm

atb

Drew, afaik, the UT is the result of the call and determination phase that required ORDERS to be placed resulting in producing an UT trade. If the volume trade during this phase is less than, in SQZ case 10,000 share then no UT is produced. So you have to have orders placed during the call for the determination phase to calculate the closing UT. So, in essence someone somewhere had to initiate the auction. In this case large order ending up trading via the algo bot to max out the orders placed during the call period. So the fact we have had a massive UT tells me we have a DMA MM, that wants shares and the bot delivered them at 125p/s, being the highest price paid today, so is imo a buy. Someone was determined to get this UT away today.

Please tell me where this is wrong. Although reading into the meaning of UT trades is in truth a BLACK ART, aimo

atb

£322,000 buy, so we now know the reason behind the 13 red days.

solo .... "Polo"

Plus once the load repayments have been made to Solo, they too will own 30%

Polo Loan Facility by an additional £1,200,000 from the end of January 2020 should alternative financing not be secured by then (the "Agreed Facility Increase") which, at the Group's current cash burn levels, would provide sufficient financing for at least the following 12 months.

Could i3 Energy be a target for us after their Liberator Well 13/23c-11 Preliminary Result RNS late today.

100% owned field which we could easily buy for cash.

https://i3.energy/wp-content/uploads/2019/10/20191029-i3-LIBERATOR-UPDATE-vF.pdf

Just hope we bounce off c118.5p ...... 13 straight reds, a SQZ record, although I only went back 10 years. lol

Or better still, the NDA is a tight as a ducks rear end, an RNS tomorrow ..... I would love it.

atb