Member Info for shakeypremis

going higher along with the oil price while SDX pulls back. Classic.

Encountered a major zone of resistance. Not surprising to see it fall back.

https://tvc-invdn-com.akamaized.net/data/tvc_1d77fc1a2c7039ebad4149880b3704f3.png

Ideally IPR will not buy in to Sobhi but will buy in to further drills. They've found gas by themselves and it's price economic so now it would simply be less profitable for SDX if IPR now back in to it.

Could be anything. Could be level, higher or lower. All depends on when they spend the remaining CAPEX for 2020.

21.16p to sell the whole lot. Another ridiculous SDX spread but that's what we have to deal with.

I am not confident that any plan to sell more gas in Morocco outside of the pipeline is going to be announced and certainly not come to fruition any time soon based on the way Mark Reid answered the question.

I've recorded the call if anyone wants to listen. The first set of questions that are answered are from myself but they weren't recorded. I've included them below so you know what he is answering;

Q1. Will/is SDX consider/ing alternative methods to increase sales in Morocco such as selling gas in to the large bottled gas market? For example by building their own bottling facility or selling gas to others who would bottle it for sale. Failing options like the aforementioned, how is SDX going to increase sales in Morocco?

A1 (summarised) - Yes, they are looking at alternative methods to sell the gas they have outside of their pipeline. They think the least likely option is selling in to the bottled gas market but did say there were other options available. Didn't say what they were.

Q2. Will SDX look to reacquire the recently relinquished disposed of Southern area of the South Disouq concession? If not, why not?

A2 (summarised) - No one has taken the concession yet and SDX will continue to evaluate whether they think it is worth re-entering.

Q3. Can you offer any comment on why your partner IPR in South Disouq declined to participate in the recent successful drill at Sobhi? Will they be participating in any future drills? How will you drill Young without them? Is there scope to get another partner if IPR no longer participate in any more drills?

A3 (summarised) - partner is not financially distressed, held a different view to SDX on Sobhi and thought it was very similar or similar enough to failed Salah prospect so elected to not participate. Think we can assume they will participate in further drilling and may well elect to back-in to Sobhi.

https://u.pcloud.link/publink/show?code=XZH596kZujrpGehMbIViG5bf1vzbG5Iw9RwX

Remember that NPV8 at currently realistic oil prices doesn't include the latest successful wells in Morocco and Egypt. What the NPV would be if they were included I don't know but certainly it would be higher. Clearly there is a lot of additional potential in both countries for SDX which would make said NPV a lot higher than stated.

Only two sets of questions on the call lol. Think this goes to show there is still very little interest and even awareness of SDX. This in itself is actually quite positive for the potential share price gains in the future. If more become aware of SDX and the value proposition the share price will increase although could easily get 'frothy' again.

Who can say, it's Waha Capital and Ingalls that will decide what happens here.

Can sell everything I've got for 20.2p (which I won't be doing).

These are the questions I emailed in;

1. Will/is SDX consider/ing alternative methods to increase sales in Morocco such as selling gas in to the large bottled gas market? For example by building their own bottling facility or selling gas to others who would bottle it for sale. Failing options like the aforementioned, how is SDX going to increase sales in Morocco?

2. Will SDX look to reacquire the recently relinquished disposed of Southern area of the South Disouq concession? If not, why not?

3. Can you offer any comment on why your partner IPR in South Disouq declined to participate in the recent successful drill at Sobhi? Will they be participating in any future drills? How will you drill Young without them? Is there scope to get another partner if IPR no longer participate in any more drills?

Tigris, I am not sure that is true. Previously when they were listed on the TSX and AIM they could not buy more than 20% due to TSX rules. However, since delisting from the TSX they are only bound by AIM rules and can buy up to a 30% stake before having to issue a mandatory takeover offer. You can even buy above 30% and not mount a bid if you abide by certain conditions.

OK no worries. That 2p increase in risked NAV will surely attract the AIM punters and we'll now see the share price fly...

Hi Tigris, do you have the full report?

I particularly liked this bit;

"Following the success of SD-12X, management is looking to high grade other adjacent, and now de-risked, prospects for drilling in the next two to three years."

I heard Tigris mention that the success had de-risked some other nearby prospects but I don't remember seeing anything on it from the company. Reserve life has been a little bit of a concern for me and with only Young be left to drill (that was publicly mentioned by the company) I was wondering whether further production life was going to come from. Hopefully these prospects will answer that question.

https://northafricapost.com/40606-automotive-french-psa-gradually-reopens-its-kenitra-plant.html

I think we are going to have to prepare for no demand growth in Morocco any time soon. This lockdown is going to kick demand (globally) in the teeth.

Tigris, you mention prospects that have been de-risked by Sobhi. I've not heard of these, what are they? Are there any publications/RNS's from SDX on these prospects?

Cheers

No shares available to buy again. There have been some throughout the day, but now can't get a quote. May be possible to get a limit order filled though. Don't know.

Don't you mean 100% off?