Member Info for Richard1032

Well if that is the case these are excellent results. Need a balance sheet master to clear it up for us.

Yes this is the bit I find interesting. Does this mean 13mill of oil that is in storage and not sold hence not showing as revenue?

Isn’t the fact we have 13 mill in net gas and oil the telling statistic we were all waiting for or am I reading it wrong? Also 5 mill accounts payable means we are waiting on oil sold.

Further to my last post. This is not a typical aim company where people are buying on hope and dreams. This is a well run company producing a lot of revenue and profit. The proof is in the balance sheet.

My strategy - Get up, go to work. Do some other shit then go to bed.

But in seriousness this is one of the few stocks I have complete and utter faith in. No doubt it will rise and then it will pull back etc and some smart arses/lucky people will watch and trade it perfectly but I’ll just ride it out with this stock as you never know what gem is around the corner. I’m sure someone sold not to long ago and we’re going to buy back in when the sp dropped a bit further.

I will of course sell if I see things going shit shaped but I won’t on the usual decamping nonsense. Placing inc, the assets are drying up, we can’t find any customers for our gas etc etc

I was wondering the same. Is this BP helping SDX in the short term with the view of SDX doing a list of things BP would like over the next say 5 years and if they meet those objectives buying them out.

Chin up rainbow, we will be fine and you can retire as planned.

Just standard delays in The O&G industry. Someone forgot there packed lunch so they had to turn the boat around to get it.

I don’t see how they can contain the flow rates because the clever people here will be able to get a rough idea from the results. I am expecting flow rates before the meeting. If we can work out that we are producing a decent amount of oil that is when you will see the shorts close and the sp rocket. If you can’t they will short again and send there little imps to cause panic on the B.B. and the sp will plummet.

Just my guess work, none of us really know.

It seems like every hedge fund and ii is shorting these days. I wonder if all PI’s start doing it in unison could we possibly see a scenario in 10/20 years time that shorting crashes the economy? Wouldn’t surprise me.

Should have been over £1

2p was my 5 year target but nobody can say for certain what there exit price is going to be as they can’t predict what is to come in the future. I did some back of the fag packet calcs a while ago and based on 3 commercially flowing wells that pay for themselves after 8 months we could exponentially ramp up a lot of wells within this 5 year time frame that could quite easily double my target.

I hope you are right. I was in boo earlier this year when the shorts closed. The sp went nuts and flew. I think most probably closed on the day we had the RNS about the majors but some of The brave/stupid shorters have opened new positions since expecting the SP to go down on the results. I would absolutely love it if we got suspension. At the end of the day I got a finite amount to loose but if the rerate was crazy these guys could loose everything and I for one would be happy about that.

Doh, shorters. Bloody auto correct.

I’ll be remaining in Cardiff but if you see any self confessed snorters up there give them a slap from me :)

Yeh showing as 1.53% down now but a good 30 mins after close I checked and it was more than 4% up.

Err how come we suddenly dropped 5% an hour after close?

I use investing.com which is usually pretty accurate

That’s almost a 10 bagger!

Yes and look at the track record so far. They have done a fantastic job so I can’t see why that would stop now.

Well said pyro. Unfortunately the industry is full of corrupt, morally bankrupt a-holes who would quite happily sink the economy if it meant they came out of it rich.