Member Info for NewKOTB

I will be adding more today, that is for sure.

2019 accounts will be unbelievably better in every way.

God, this is a great company, well managed by a group of true professionals, well done to our BoD. (clapping hands emoji)

Looking very, very good imo.

As expected the way the BKR transaction was constructed impacted directly on how much the Gross profit increased by, so no issue there.

Also to me the main headline figure is "Group profit after tax of US$74.7 million (2015: US$17.1 million) showed a 337% increase", which much better than anyone could have forecast, I estimated +250%, so more than happy.

The de-rampers will of course look at the Operating profit of US$9.1 million, down on 2017, but as mentioned this was as expected due to in having limited production ( 2 months Erskine and 1 month BKR) as these incomes are used to calculate the ops profit. Our lump payment of $50m resulted in having an overall very healthy profit. So ignore all those who will be spouting EIBT figure as they are not relevant in these particular account given the circumstance of the BKR deal.

GROUP PROFIT AFTER TAX OF $74.7 million.

Group profit after tax of US$74.7 million (2015: US$17.1 million) showed a 337% increase. This figure includes a bargain purchase gain of US$52.9 million on the BKR acquisitions calculated in accordance with IFRS
? Cash balances and term deposits stood at US$91.8 million at 31 March 2019, compared to US$54.9 million at 31 December 2018, a US$36.9 increase during the first three months of 2019

The drawn out saga due to Trumps meddling pushed the BKR completion date back several months otherwise the revenues would have fallen in our accounts rather than BP's et al.

Erskine was an unfortunate event, but now the new pipe has been laid I don't expect any other outage other than usual summer maintenance schedule.

We received $50m after tax of 40% paid by BP et al. Not a shoddy amount, so imagine what our 2019 50% (+25% on 2018) take of BKR with full control of how this is taxed will look on next years accounts.

Valuation: NAV down 13% to 86.5p/share.

So we are running at 64% discount to NAV and looking to gap even more over the coming weeks atm

Our NAV falls by 13%, driven by delays at South Disouq. However, the shares appear to be heavily discounting future growth potential in Egypt and Morocco. We believe successful delivery of South Disouq first gas by end 2019 and growth in Sebou gas sales to a 9–11mmscd exit rate is required to drive a re-rating

Expect de-rampers everywhere tomorrow who will be seizing on every angle to promote their own objective.

Me, orders ready .... bring it on.

gla

Think you are making a subtle de-ramp there Monty.

Don't think using EBIT as your argument is showing the whole story in this particular case .... where do you expect the $50m received from BP to sit in respect to Y/E accounts?

How about the debt ratio for GKP and Genel vs SQZ ? (no debt for SQZ)

What about the bondholders for GKP and Genel vs SQZ ? (no bond holders for SQZ)

New ISA Money waiting for tomorrow, so should see high volume Wed - Friday imo

PME and for a change was good for the SP.

Looks like the site for the new port has been cleared and readied for construction to start.

Order placed for another 20k if they drop it on Wednesday.

When are we to find out about how commercial our 110ft oil play encountered in South Ramadan is ?

Not until TSX de-list and SDX SPV et al have had their fill of shares no doubt !!!

Or could easily do a Private Placing for $15m or additional 20% increase in shares !!! which would be the easiest route by far, at a 10% discount of course !!!

Under the lame excuse of needing cash urgently for the EPF otherwise the statup will not occur until H1 2020.

chinch,

"Thought you were so bullish NKOTB!.."

I still am, but the BoT has be a constant thorn in the side of SQZ and this may be its last opportunity it has to make serious cash.

AIM is full of shenanigans at best of time, any opportunity will not be missed imo no matter how lame. How will the BoTs auto interpret the RNS, who knows, all I know is which ever way it is the PI's will have little say.

SQZ is by far my largest weighted investment and I will be looking to add more given the opportunity.

Probably close on 120p Tuesday...... Wednesday ... no idea !!!

gl & atb

My worry is not the results but how the BoTs will interpret the RNS, after all this is AIM.

Clearly the way SQZ have received payment from BP will not reflect on our headline sales figure. This IMO will be down on last year (est $27m vs $32m for 2017) and the driver which will kick the BoTs into sell mode. The underlining profit will be well up on last year, although expenditure will be also. The way the accounts are presented and how the $50m lump sum received is integrated into the headlines will be the attention grabber.

My chart has a large break either way to 154p or 83p.

Any break down will be short lived not unlike the Rowallen RNS. How easily the SP was moved on a fully carried well with just a 15% interest was concerning.

We also have a massive gap and we all know how BoTs like gaps !!!

SQZ is a stable and very profitable business so be ready guys which either way she goes on Wednesday.

Logically we should move up, but who knows.... I am really on the fence on this one atm

However, next years results will be a TRUE reflection of this wonderful company.

gla & aimo

Agree, not a convincing performance.

What will happen next is the question to screw over the PI ???

As an SDX holder we always appear to be awaiting for the next nail to be driven in.

My guess is all the talk about EPF lease will come to nothing and this news will be released just before/ after the TSX de-list to drop the SP even more. PW will give some lame excuse, 3rd party failure or alike..... anything except 'it's our fault' !!

SDX SPV will move in on suddenly acquiring +10% shares and shortly afterwards go hostile on t/o of SDX.

Hell, they have probably been acquiring shares via MM, holding on their behalf already.

How can he state an improved SP will be the result of the de-list. Sorry, but PW is not the type of guy I would want to rely upon for anything.

PW quotes upwards of $1m to stay listed on TSX ..... absolute and utter rubbish imo.
Annual Sustaining Fee cost are c$24k. So unless he spends almost $1m on making up accounts there is something really wrong.

https://www.tsx.com/resource/en/1879

aimo

Gas looks to be findings its feet in returning to the normal trading range over the last week or so ...

+6% Wednesday last week, then +5.4%, +13.8%, -7%, +7%, -6% and +4% today finishing at 39.8p/therm.

Could be 130p but to me its looks like a close above 125p is needed.

Also, could be looking to touch 117p between now and tomorrow, or 118p on Monday.

All I know is, the BoT continues to rule.

aimo

Guess they still have more buy orders to fill .... +4.2p (3.5%)