Member Info for NewKOTB

Mr. Julian Higgins back above 4% holding

I have never known a company being valued at £30m to open the next day, suspended and being valued with a buyout offer of billions of $dollars$.

Is that a real expectation, I personally think not ! it just doesn't happen ..... there has to be a build up in SP and that is when the investors will chase it up. How rapid, how long and how high a rise before suspension is another question.

aimo

I think what mullard is asking, is, why the BID/ASK is being manipulated so the trade falls on on particular side for reporting purposes?

8th largest one day drop this year !!!! and only the 3rd largest since May.

Just hope we bounce off c118.5p

Is the deal close ?

any at all ( any DISCOUNT at all).

The problem I have, is the market is showing that is not the case ...... atm.

News that was out today should have added a significant percentage to our SP imo, instead, we are still languishing at c11p

Just hope any placing is at a premium to the SP, as there is no justification imo for there to be any at all.

The deal is touted to be a mega deal that will double the size of the company, so in my view that is worth a premium.

atb

Brent touching $62, gas not doing too bad, cash rolling in, excellent y/e results, +20% uplift in revenue in a few weeks, approx £90m CoH, no debt and about to do another transformational deal or two ............ what happens, the SP IS BEING HAMMERED.

Down 15% in 8 sessions ..... this is nonsensical.

Starting to get a funny feeling the SP is being dragged down because the city think a placing is on the cards to enable the transformational deal to occur !!

Maybe wrong, but that's the way it feels to me atm.

atb

JAdam,

I know, the point I was making is the drill can be a killer on the SP, we are atm moment avoiding that risk, yet our SP is still stagnating.
Since adding 25% in Jan 2019 and a further 20% in just over a month in BKR revenue our SP has gone nowhere in 12 months, that will be 50% added in revenue since Jan 2019.
atb

ECO are getting hammered this morning, with a discovery RNS .... glad we are avoiding drilling atm, once again the BKR deal shows how excellent a deal it was ... and continues to be so.

atb

Centrica's share imo would be out of the question, however Stadtwerke Muenchen share would equate to +39kboepd and 81mmboe 2P, so yes, that would in itself equate to transformational.

As Spirit Energy has only just arrived on the market, I would hope that SQZ already have our own 'microwave ready deal' cooking on Gas and ready to be served to hungry shareholders.

atb

Worrying Times .... I'm of the opinion that we are now in the window for a swift takeover and at not much above our 100 day VWMA, which is atm a sickly 21.7p. Premium of 45% to this would be c31.5p.

With SD online and production building, Morocco building too, SDX could easily be a self-funding acquisition

aimo

I would have thought this should add 10% by close, let's see, or will she be pegged back !

atb

"will result in a material increase to Company's cashflows going forward...."

COMMENCEMENT OF PRODUCTION AT SOUTH DISOUQ CONCESSION IN EGYPT

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to announce the commencement of production from its operated South Disouq concession (SDX: 55% working interest) in Egypt.

Gas has been flowing through the South Disouq Central Processing Facility ("CPF") since 7th November 2019. Each of the four discovery wells have been hooked up to the CPF and tested during this period and have produced at their expected rates of between 8 MMscf/d and 15 MMscf/d.

Over the last three days, the CPF has been operating as expected, achieving an average gross production rate of 23 MMscf/d of gas and 120 bbls/d of condensate, equivalent to approximately 24 MMscfe/d. These initial flow rates are in line with the Company's expectations and testing will continue over the coming weeks, during which time the Company will gradually ramp up production with a view to achieving its targeted plateau gross production rate of 50 MMscfe/d during Q1 2020.



All gas production will be sold to the Egyptian national gas company, EGAS, at a fixed price of US$2.85/Mcf, with the Government of Egypt's entitlement share of gross production equating to approximately 51%.

Thought he was the Head Porter at Caius College .... !!!

I would love to know the reason behind SQZ not making inroads in moving to main market listing.

An RNS confirming that would easily add 10%-15% within weeks to our SP imo, as it would also lead to big funds buying in, plus, as stated by SQZ, only a matter of time for dividend payments, pension funds et al would love that too. Particularly as SQZ are extremely active atm in the acquisition market, so we are lead to believe !

atb

Upomega,

"should offload rhume and buy something else ..."

Well, that looks like you have no alternative other than to sell your entire holding, as part of the BP deal, SQZ are unable to sell-off Rhum ( as per small print) I believe, until end of PSA or in agreement with BP. Clause to stop asset flipping I guess.

This clause, does of course still allow for sale of the company as a whole !

Taking about clauses, guess what I have asked Santa for Xmas.

Takeover will never happen imo, why shoot yourself in the foot and end the ride on the gravy train.
JV will be the only option entertained by our board imo