Member Info for shakeypremis

I say it like it is. Most people don't like the truth and would rather live their lives with their heads in the sand. Last year is the perfect example. You can't be a good investor and have that attitude. You'll lose money.

It doesn't matter if it's a success. Success is already baked in to expectations and the price. It won't make the share price go up. If however, it's a failure in some way, timber.

If Hanut comes in on prognosis - share price goes down
If Hanut is anything less than prognosis - share price goes down more

That is the SDX investment thesis.

Just someone picking up 750,000 shares without moving the price.

I could not. There should be a replay uploaded at some point. Nick Box and his paltry holding have avoided my wrath... for now.

Southmead, SDX said that IPR didn't participate in Sobhi because they didn't hold the same opinion on the prospect that SDX did. Evidently they were wrong. I would not draw the same conclusion as you. It's more likely they just think Hanut has a good chance of success and want in.

Also, Mark Reid and Nick Box are paid more than enough and should by shares if the company's prospects are so good. Mark Reid is getting nearly 400,000 dollars a year and Nick is getting nearly 200 thousand. They'll have spare cash and should be putting their money where their mouths are. Not acceptable really. It's a question to ask them on Monday's investor call for sure. If you're reading this boys you'd better have a good answer.

Management discussion and analysis for anyone who's interested. Makes for some good reading. Apparently they want to become a 'mid-cap' company in '3-5' years. Not sure how they're going to achieve that by anything other than inorganic growth given current exploration prospectivity in their Egyptian portfolio and their customer base in Morocco. I say current because South Disouq could reveal much more prospectivity, especially if they take adjacent licenses and Morocco could be a massive cash cow if they could only get more customers.

It's possible they *might* actually add a small amount of cash to the balance sheet this year if there are no more shutdowns and low oil prices.

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00047689&issuerType=03&projectNo=03189488&docId=4912855

There's always seems to be an order being filled here. Price is maintained at a low level and bored and frustrated PI's sell out and then some larger trades get printed. Rinse and repeat.

https://www.brrmedia.co.uk/broadcasts-embed/60530d62cbd99d5cefbc1344/sdx-energy-2020-full-year-results-interview/?popup=true

They need the increased reserves in Egypt and the possibility of more cheaply drilled reserves in Morocco from the Top Nappe. Like I said earlier in the week - it does really all hinge on success in at least one of those areas. The cost of drilling the small reserves in Morocco is such that I think success there is probably more desirable than Egypt, although there is a chance of increasing production in Egypt if Hanut comes good. There doesn't appear to be much near-term hope of increased production in Morocco. Maybe they'll add another customer or additional gas for an existing customer and with the increasing importance of ESG and SDX's lower carbon gas it could start to happen more often in Morocco if carbon taxes etc come in.

I think these results are pretty decent. They are making more money than ever it seems (on an operating cashflow basis) and that was WITH a shutdown in Morocco and a low oil price last year. They should generate higher operating cashflow this year with increased Morocco production (and hopefully not shutdowns) and a higher oil price for the Egyptian oil production and finally the 100% (WI) contribution of Sobhi should add a little extra to South Disouq cashflows despite the workovers.

Yes it's all about the position they are in - cash generative, non-dilutive, good exploration potential, valued at less than NPV of reserves - and what they can do with it. There is a good chance they can generate a lot of additional value but we'll have to see. If Hanut doesn't come in and/or the Top Nappe etc doesn't play out in Morocco we are probably in for a world of hurt. Notwithstanding SDX would still be undervalued, but they'd have just wasted up to circa US$20m.

Probably nothing new and the share price will not go up.

Monday it is then. Retail conference call announced for 3pm Monday.

https://egyptoil-gas.com/features/cost-recovery-tedious-or-necessary/

There is also cost recovery in Egypt where SDX can claw back a portion or all of the costs from exploration/development I think.

Not loyalty. Loyalty should never come in to investing. I just see good value here (discount to NPV) and good future additional NPV to be added from organic growth.

Currently it's about 65mmcf/d I think. To get any more out of it is going to require CAPEX. *IF* Hanut comes in (drilling this year) they may have the reserves to justify expanding the CPF to 100mmcf/d. Technically expanding the CPF can only result in a lower NPV because they can produce all the gas with the current CPF, it'll just take longer. It's a time value of money thing as to whether they decide to increase capacity.

What is happening? Today's news wasn't that great. They're only planning to bring production back up to previous levels in West Gharib.

Someone is buying up blocks of 50k shares.

There's another one!

2,248,950

How are these not moving the price either way? It's possible one is a buy and the other a sell rather than two buy/sell trades.