Member Info for shakeypremis

Nothing for a few weeks. They aren't allowed to buy if they *know* of something material that has not yet been released to the market.

It could just be the MM's trying to generate volume. It is their supposed job to 'make a market' and also higher volume means more money for them.

At least there are some buyers at this level.

SDX + Low volume = massively overexaggerated price declines

Clearly no one is willing to sell at the current price. Isn't this where a market maker is supposed to step in, put in a bid above the current ask and induce some sells and then sell them back to market at a higher price??

Are you taking in to account the amount of receivables that have been used to offset CAPEX at SD?

Sod all net to SDX though at SR. Expected to come on at 1,300 barrels/day. Even if it does hit that mark, SDX only have 12.75% stake and so have a working interest stake of just 165 barrels/day. After the government take you're left with about 80 barrels/day max. Still worth having over a kick in the groin and a duster - and perhaps the field will produce more results - but it won't move the needle at all. 35% annual decline rate too. After costs, they might recoup their investment.

hTTps://www.sdxenergy.com/wp-content/uploads/2019/09/SDX-Corporate-Presentation-September-2019-as-at-26.9.19.pdf

Presentation states gas mid Q4, so possibly up to 6 weeks more to wait if they hit timelines. Although I believe that includes up to 8 weeks of contingency, so an RNS could possibly come any time. Lots of wells to drill in Morocco and South Disouq on page 20. 300 bcf gross being targeted in Egypt.

https://invst.ly/eesfi

Don't really have much of a read to be honest. The price is now finally out of this 1.5 year downtrend it's been in though. 30p would be a short term target before perhaps another pullback as there's a gap to close at 30p.

Judging by what happened very soon after he turned up last time, we might well have an RNS next week.

Probably come back under another moniker.

The P&D crew are researchanalyst1 and topsharepicks. They had never posted on SDX before (to my knowledge) and turned up here ramping a couple of days before the last price spike and news. They knew news was coming and I suspect the same again this time.

You agian.

O&W, you are responsible for over 25% of today's volume. Shows how little interest there is here and how illiquid this stock is. So many shares are locked up in tighty clasped hands and retail just isn't interest...yet.

Keep buying. You're pushing the price up lol.

There is also the possibility of oil at SD, although this has been downplayed and is possibly not even on the cards anymore. Quite possibly another Welchism. Wherever that guy is, if he ever comes back to another publically listed company, I will be watching with interest with a view to short it at some point.

SD at 50mmcf/d + condensates is worth very roughly $10-$12m per year in after tax profits (not including cost recovery which will increase profits in the first few years). I don't see why they can't double the production to 100mmcf/d + condensates with some successful drilling in the region. It is highly prospective ground for gas and their drilling success there to date has been phenominal. One failure, the rest successes. So $20-$24m per from SD alone in relatively short order and at low cost given the vast majority of CAPEX for getting the current wells hooked up and producing was the Central Processing Facility which is now paid for. There is supposedly capacity for 150mmcf/d in the trunk line SDX's processing facility will connect to. I don't know how that figure is derived though. Is it spare capacity or what? No idea and Squelch is the source of the figure so could easily be BS.

Yes. Yes I did.

Aside from the fact a BOE is not equivalent to barrel of oil on a value basis (SDX's BOE's from South Disouq aren't as worth as much as a barrel of brent), I don't understand how you can think a doubling of production on a BOE basis (again, not a doubling on a value of production basis) is not transformative. Even a 50% increase would be a lot.

Also, it 'transforms' SDX from a majority oil producer on variable revenues to due fluctuating prices do a majority gas producer on fixed pricing. I believe this is why the company appear to be prepping the ground for dividends as revenue and profits will be pretty predictable going forward making dividends easier to pay.

These wells are small development wells and aren't expected to produce a lot. Remember, SDX aren't paying all the drilling costs as circa 50% is borne by the partner. These wells will provide return on investment and are also done to get the most out of a producing field.