Member Info for NewKOTB

*2020 2022 Add in 100% of BKR

JAdam,

Indeed so, could not agree more.

Never mind how fabulous 2019 results will be, what about 2020, with R3 in full flow, 60% of BKR and as eggs are eggs, we WILL have another "value enhancing acquisition" adding to the pot imo.

2021 add in Columbus production

2020 Add in 100% of BKR

So you can easily see the revenue route for the next 4 years building YoY with relatively little CapEX.

When our board announced this transformational deal, very few appreciated the growth this will deliver imo.

124p atm for such roadmap is a bargain aimo

Well it appears our resident BoT has switched to buy mode and slowly moving the ask higher.

Zedy,

That is correct, although how SQZ handle the initial lump payment of $50m within our accounts will not truly reflect how good a deal BKR really is, our 2019 accounts, will however shine like a newly created pulsar star imo.

*2018 accounts ...

JAdam,

Agree, our 2017 accounts will not be a true reflection of SQZ's performance due to the way the deal was prolonged and the method of payment agreed for the transition period of BKR.

Saying that I would still be looking for a profit of at least +250% increase on 2017 figures aimo.

How does that sound to you?

With 2 months of Erskine, (Nov/Dec) and a single month of BKR production (Dec) we received a revenue of c$27m solely attributable to us.

As mentioned compare this to the whole of 2017 revenue of $32m which itself generated an operating profit of $14.1m

2018 commodity prices were strong with oil prices averaging ~$72.50/bbl and gas prices ~59p/therm.
Serica’s share of BKR production in 2018 (>80% gas) realised more than $45/boe

So in basic terms, that equates to a revenue stream based of over $500k / day, in terms of realized prices for 2018, or just $186,000,000 using our share of cumulative production of 10kboepd

Compare this to 2017 revenue of $32m which itself generated an operating profit of $14.1m.

If you think 2018 was great ..... for 2019 we are set to receive from BKR and Erskine an average of 17kboepd.

That's a 70% increase in production YoY, with very little Capex requirments, unless we get R3 online an producing also !!

Don't forget we received from our BKR share and Erskine an average production of 10kboepd

Ophir was a real company .... we could go the same way imo.

PW is playing a very dangerous game atm.

IMO he's maneuvering and manipulating the business to drive down the SP in order for our main holders to add another 10% each once de-listing from TSX has completed.

The problem is SDX are now so undervalued that they are now very much a target themselves.

With a know cash cow in SD, for all intense purposes, "sitting idle", PW's plan may be about to backfire, bigtime.

Nothing more would please me more to see an offer from another player to take the carpet from under PW's and SDX SPV's feet.

Lets hope so.

aimo

Are probably watching their screen and toasting their success atm

surprised...... I'm not

SP,

So, do you reckon all this is still above board .....

I mentioned yesterday about the new SDX Energy company formation that happened almost 3 weeks ago, now they suddenly issue an RNS..... I do love a coincidence !!!

PW has been slowing building a reputation of constantly slipping milestones (all part of the cover story imo). I know the de-list will not slip that's for sure after all they need to save a quid (lol), but hey, don't worry about getting SD on line and making millions upon millions.

This is proof if it was ever needed imo of the future of SDX ownership, aimo

Could we be partnering CHARIOT in any of Moroccan Lixus, Mohammedia and Kenitra off-shore prospects !

Recent 70mmboe award of Lixus chariot need a partner !

Particularly with PW connection with Chariot.

http://www.chariotoilandgas.com/wp-content/uploads/2019/04/Corporate-Presentation-Apr2019.pdf

http://www.chariotoilandgas.com/wp-content/uploads/2019/04/Chariot-Investor-Call-3.4.19.mp3

Poor comms from the company imo.

We now have a new company registered in the UK as of 27th March 2019, SDX Energy PLC, incorporated on the 20th March 2019 although we still have Sdx Energy Inc in control of the business ...... atm !!

So the de-listing from TSX is well underway.

https://beta.companieshouse.gov.uk/company/11894102

SP,

Lets hope you are correct, although when you have a company with ownership dealing in the Cayman Islands you never know what is going on really until it's too late.

Me, as mentioned, still not convinced it's in the PI's interest.

Too many AIM companies screw over the little man all too often.

aimo

So that works, middle May it is then ..... off 32p .... to how high is the question ... 45p is my guess.

aimo

SP,

" I just hope the intent isn't to take SDX private. They don't seem to be in the business of doing things like that so I think we will be OK..."

Still far from convinced myself. You don't create an SPV for no reason. Our VWMA 100 is at 41.77p and falling daily.

Easy to acquire a future $1bn business for 1\10th of its value if you have the right backing.

The proof will be the window between the TSX de-list and SD coming online. Waha Capitals SPV will need to complete any approach within this window ie April to July imo. Assuming the PW quote of July for SD is not another movable milestone.

The quicker the TSX de-list occurs the more concerned I will be ! Since when did SQZ do anything with promptness recently. So possibly not long to wait.

On the flip-side, a swift de-list would be my cue to buy more and lower my average.

gla