Member Info for shakeypremis

Pretty much always is with SDX. You can sell at 15.3-15.5p at the moment.

6 month reduced demand in Morocco or possibility of Brent pricing around the US$30 mark for quite some time for other O&G companies. I know which one I would take.

At least this hasn't really gone down much today. No chance of the company going bust unlike a lot of other O&G companies out there.

If you're referring to the stability of price SDX receive for their gas then that's another matter. Similarly though, SDX has not been recognised for this and has suffered just like every other oil and gas company out there.

SDX would be a haven of price stability, if it hadn't been going down perpetually nearly two years now and hit an absolute all time low last week. I really don't think we can say investors here are realising anything just yet.

The SD drill is not really a game changer in itself if successful. If unsuccessful however SDX have some serious issues there in South Disouq and it's long term viability.

Anyone know how often this is updated?

Thanks very much mate.

Thanks, but where'd you get them?

Added a third extra to my already oversized holding here last week at 12.2p. I simply couldn't resist.

Forgive me, but what's this?

US$99m is the 2020 CAPEX budget which was fully funded from cash and expected cashflow at US$60 something Brent. It won't be at ~US$30m Brent which is the current price.

Where are you getting US$99m cash from? According to this news release PetroTal had approximately US$21m at the end of December 2019.

https://ceo.ca/@newsfile/petrotal-announces-2019-year-end-oil-production-of

Interestingly, it appears SDX are drilling Sobhi without their partner. So the partner has elected to not participate. They can get in on it afterwards but will cost them. I wonder why they haven't participated? Do they think the well has such a low chance of success that they aren't interested and can buy in after the fact if successful? Do they just not have the funds at the moment? Poses several questions.

"If successful, the Sohbi well would be tied in during 2021 via a 5.8 kilometre tie-in to the Ibn Yunus-1X location where an existing flow-line connects to the South Disouq Central Processing Facility. On a gross basis, this tie in cost is estimated at US$3.5 million. The 33 bcfe gross P50 unrisked resource targeted by Sohbi would potentially only require one further development well. SDX will drill the Sohbi well at a 100% working interest for an estimated gross dry hole cost of US$2.3 million which will be paid over the coming three months. Under Clause 8.5 of the Joint Operating Agreement, 'Premium to Participate in Exclusive Operations', if the Company's partner elects to participate in the well after a discovery is made, it is required to pay its full share of the well cost, plus a premium of a further 300% of this amount."

UKOG will issue 6 billion shares and buy out SDX.

They need all the cash they can get for CAPEX and acquisitions. Spending money on share buybacks does nothing to help the company grow.

They won't do a buy-back. They need the money for CAPEX/acquisitions. Besides buybacks really would be a huge waste of money for a company like this.

Lol. Much lower. I'm trying to stop myself buying because this isn't over.

Doubler are you confusing West Gharib with North West Gemsa? SDX are looking to exit the NW Gemsa concession not the West Gharib concession (which is where the Rabul wells are located).

So has the general market, oil and oil and gas companies...

No.

This adds approximately 60 barrels of oil to SDX's net entitlement production. At the current oil price this adds a few hundred thousand dollars of yearly free cashflow. Not complaining about the success but this really shouldn't cause the share price to rise.