Member Info for Richard1032

Why raise cash when we have huge amounts of cash flow and recently borrowed 10 mill from a bank. There is no need.

I will tell you the truth, I don’t know. It’s dissapointing it’s happening but I am honestly not worried. Maybe mms are collecting shares for the inevitable demand on results...who knows how those evil bar stewards work. But you look at the market cap and it’s absurd. There are other oil and gas companies not producing anything and have a market cap near to SDX.

It's crazy. This is my theory. Alot of people who invest in oil and gas are essentially gamblers looking for that shit or bust play. This stock has little risk but is also not going to double in a week so it does not attract that side of the market. This stock has a high chance of doubling in a year so should attract the more cautious long term investor but these people have had it drilled into them not to invest in oil and gas as it's to risky. End result is nobody invests however when the half year results are out the second group of people will find the balance sheet and income statement way to good to ignore so I think we will see the sp rise significantly then. As previously stated we are producing way more bpd than multiple similar market cap oil and gas company's and the notion of a placing I'm sorry is just laughable.

Half year results are out soon and I’ll be amazed if this continues to drop after that.

Revenue is the same while the debt has been halfed. Looks good to me.

Could very well be the glowing report from Joseph Schacter. The Canadians love this guy and the SP usually rises when he quotes us as a strong buy. Also don’t forget we had good news yesterday, maybe someone is making a position.

up 10% today....

God knows what is holding it back. What I do know is we must be close to the target of an equivalent 8000bopd which equates to roughly $200 million dollars a year in revenue. We should be way over £1 per share. It will come and as PW has said in the past he will turn this into a billion dollar business and as he has delivered everything he has promised so far I have no reason to doubt him on this.

Very, it will come good though. It can’t continuously be ignored.

The market should look at last years income statement and balance sheet to see how crazily under valued this stock is and then go through the RNS and see that much has been added to the portfolio since then. Great company that keeps delivering.

I got flamed for my opinion last time but I’ll give it another go.I think news is being held so that we can get a stream of back to back RNS to give this the proper rerate it deserves. When will that be? No idea but I don’t really care. Just being patient and holding and hopefully the result will send at least one of these immoral shorters bankrupt.

There have been no RNS across the board so far so possibly a problem with the LSE news feed.

Same as you urraca but hold tight as this share is undervalued so much. If someone bought the business outright they would have a full return on there money in 3 years. In addition the revenue is increasing almost on a monthly basis. The rerate will come, it's just having the patience to wait for it.

Thanks southmead, great post.

How much dollar does 50 MMscf/d equate to?

Worst timing for a director sell, so disappointing.

Is it at all possible the Canadians have been buying lots of shares over the past week or two and dumped them this morning to cause a panic and to try and turn this around or would that have been noticed?

1% up and rising

Can I ask a question about shorts. How long a time frame do they get to buy the shares back?

Don�t forget the denim shorts with flames on both sides!