Member Info for pawnsacrifice

Yes I saw on the PRD thread thanks mick. I took my no's from last years drill.
Interesting that PRD have RNS'd they could be drilling in June, seems early to me but very quick turnaround for Star drilling and SDX if so.

re timings john so you won't think I was just deramping .
28th Jan last year SDX RNS'd they'd moved their rig already to the BMK-1 location to drill 1,551 meters.
They RNS'd they'd finished and were moving the rig again on 4th march which gave them 5 weeks or 35 days for 1551 meters.
They're now planning 3 drills and associated rig movements, one of 1,160m another of 1,720m and a third which is a dual target well, testing the Guebbas reservoir at 1,600m and the the Hoot reservoir at around 1,790m.
First well spud 30th April should be around 28 days being 20% shallower then the next 2 close to 38,39 days each being 1700m+ each and one needing 2 zones tested? Thats 15 weeks without delays which is what 14th,15th Aug?
I know they've said they'll be quicker and maybe they will just think that if there's delays it may be that prd's drill gets pushed to the back of the line rather than their own.
If I'm wrong on the calcs show me and I'll happily apologise by the way.

You're on the wrong board john. thi is SDX not PRD. The statement stands however.

Noted that with the one month delay they broke their "gentleman's agreement" with PDR to let them have the rig after SDX had drilled their first 2 now its after 3.
Wouldn't be surprised since they want the rig back September time anyway if they don't just carry on and do all 5 before handover especially if there's any further delays.

SDX don't look to be a heavily traded share but have broken their trend this morning and the moving averages etc are strongly up. Maybe a slow burner that one but still looks positive and bodes well here for when they spud.

I thought £450k's worth exercised at a penny showed some confidence too. That's no chump change.

Topped up after the presentation too.
Very comfortable keeping these in the portfolio as their plans unfold,
atb.

Good to see SDX mentioned, have just been going through their RNS's and forums for clues to when they'll drill their first 2 plays.
Can't find that they've started, any views on how long they need to drill 2 back to backs?

Agree with that too Ginger and would have thought focus would be largely on asd-1x now what with
"at least 22m net oil pay interpreted across a number of reservoirs, including the Abu Roash C ("AR-C"), Abu Roash E ("AR-E"), Lower Bahariya and Kharita Formations"

Mad market at times.

sold yesterday greg, am actually looking at getting back in due largely to egypt which I agree with you on. Was just surprised by the wages info and by the fact that it was main topic of convo on all the boards.

Shame they've had their no's and the standout part is their wage rise though. Another opportunity for good pr lost.

Good to see their tech finally being used in this way. Just need the trickle to become a flood.

Read the thread Docit we already know whats going on in congo!
Strong statement re profitability today..
"We expect to shortly achieve a daily production in excess of approximately 1,000 barrels of oil per day by way of our recently announced acquisitions, as well as the near-term development activities we intend to perform in these assets, which would very favourably position the Company in terms of profitability in the current oil price environment."

Just need that sign off.

We need russia to have a strong army to counter the wests aggression. Remember it was cia snipers that destroyed the democratically elected gov in the Ukraine and they did it because they'd voted pro russian.
Now they have fascists runnig the country provoking russia into war most likely because russia stood up to them in syria.
Do agree norsstream 2 being cancelled is good for prs but not so sure about it being good for the the European peoples despite the anti russian propoganda on the british msm.

Not just the battery play, SETCAR their subsidiary oil clean up business looks to be targeting a huge a market too and their process is massively more efficient than anything else out there apparently. Well worth some research imo.

Can it really be run as a "lifestyle co." now? If the low wages continue and they're relying on the option packages to supplement wages down the line then they can't afford to sit around and dilute willynilly. They now need a high share price to pay themselves.
They've got to get out there and make this thing a success or they lose bigger than their investors now.

Believe so yes. Seems fair enough with them having had such low wages and 2 yrs lockup gives them chance to make shareholders some decent returns first imo.

Thought the same. Covids delays a pain but its not down to zen and will go through eventually so zen remains (imv) undervalued.

Yes they've talked themselves into a corner politically in Ireland imho. They simply can't accept fracked gas without looking totally ridiculous so PRD's answer is about all that's left.
Just wish they'd hurry up and accept the obvious answer Predator offers.

Getting the nascent signs of a move already.
Can't decide if its a delayed reaction to yesterdays update or if its on the back of hummingbirds decent drilling results next door.
Happy either way.