Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
For those being tempted by the hype please remember to do proper research. This looks good and there are multiple and funded plays but it is still wildcat drilling and Mongolia has burned this company before. Certain posters will be infectiously optimistic but don't risk it on other people's hopes. Have seen this character pumping Chariot Oil to the limits before their duster recently. FWIW I like this for a small gamble but remember it is a gamble not a sure thing. Only risk the right amount.
If you view the presentation on the company website it has the seismic graphic. Total depth will be 3350m. 5 potentials with 2 main targets, one 20m and the other 70m barrels. The 20m at about half way. Two other thinner prospects at a shallower depth and a possible large upside in between the two main plays.
The article in question referred to Morocco revenues alone not even taking into account Egypt ! Just a matter of time before sentiment returns to SDX. A few other shares are more in fashion at the moment but there’s true growth here.
Nice bit of news... SDX Energy Morocco revenues should quadruple in next three years -CEO By Ahmed Eljechtimi RABAT, July 10 (Reuters) - North Africa-focused oil and gas company SDX Energy, expects its revenues from Morocco to quadruple in the next three years as it expands gas production, its CEO said. SDX Energy produces 6 million standard cubic feet (MMSCF) of gas a day in Morocco, piping supplies to industrial clients in the city of Kenitra and generating revenue of $12.4 million in 2017, according to its financial statements. It plans to raise that to 8-10 MMSCF a day by the end of this year, eventually increasing output to the pipeline's full capacity of 24 MMSCF, CEO Paul Welch said.
Interesting that the two concerns a less than confident holder might have i.e... a raise or a seemingly large amount of selling activity are being plugged by a couple of posters here. Every positive post is being followed by at least one of you guys. Trying to make it look subtle but it sticks out like a sore thumb! The obvious motive is that the share is “in play” which is actually a positive sign when you consider recent good news but it’s the walk of shame for you guys... rotten veg at the ready all LTH. GLA.