Member Info for shakeypremis

Furey, because this is SDX.

And say "here's to yet another year of good news, progress, great cash generation, exploration and production success and share price stagnation. Cheers." Sigh

Sorry for poor spelling and grammar below, I know it's 2018 but predictive text still doesn't work properly.

As someone said earlier, no deal is better than a bad deal and SDX van now focus on delivering and furthering organic growth. That said I can berry easily imagine an irrational, very SDX, share price reaction this morning.

Yes I was thinking that too Southmead. I can't believe they are also taking out the entirety of GUPCO's production.

Perhaps it's 35k bopd (50% of the oil production from GUPCO) + 200mmscf/d (50% of the 400mmscf/d GUPCO produces) + 8k boe's they plan to be producing by the end of the year + some other organic growth from Egypt/Morocco?

75,000 boes!!! In 12 months! Man I can't wait for this announcement (assuming there's no/little dilution).

It quite possibly does Daft. "Let's talk about our new, enlarged presence in Egypt."

I wouldn't fancy trying to negotiate with that guy. Look at those eyebrows!

Remember where you are invested. This is SDX. Shares could easily go down after a positive deal lol.

Southmead, I doubt SDX are holding the result of South Ramadan back. If the result is known surely either GPC or Pico (or both) would have announced it by now.

Interesting. If SDX believe South Disouq has tonnes of potential, perhaps they believe that potential extends in to neighbouring licenses. As we know SDX are RTO'ing something from BP, the asset/s they are after have to have considerable size. So the next question to answer is does this concession next to SD warrant an RTO? Of course it could be sold to SDX with a bunch of other stuff too.

I will be disappointed if they give up South Disouq. Vast potential there.

I'd say they've been negotiating for quite some time. The dodgy share price action and PW's face in some of the interviews where he has been asked whether they are after an acquisition.

I hope you aren't basing your figures on SDX acquiring economic interest of 70,000 bopd Southmead. For starters that is the total production of GUPCO and SDX will get 50% of that plus 50% of the 400mmscf/d gas *IF* they are actually going after GUPCO assets.

Secondly, what is BP's current economic interest in their share of the GUPCO assets? Does the government take circa 50% of BP's working interest in the total production like they do to SDX? That would be an interesting question to answer because if they do, then SDX will only end up with an economic interest in the GUPCO assets of about 18,000 bopd and 100mmscf/d of gas.

Cheers mate.

Egypt - WI 55%, Economic Interest - ~25%?

Currently - 0
Projected - ~50-60mmscf/d (gross, net - a lot less after the government has stolen their 'share' and the partner has rightfully taken theirs)

Morocco - WI 75%

Currently - ~6mmscf/d (gross)
Projected - 8-10mmscf/d (gross)

Man I hate government.

Aside from the fact we don't know what assets SDX might be trying to buy, if we are assuming it's GUPCO assets and we are also assuming SDX are buying BP's 50% stake we need to make sure we include 50% of the 400mmscf/d gas that is also produced, not just a 50% share of the 70,000 bopd that is produced by GUPCO. Don't forget the gas! It's quite a bit.

Maybe you'll feel flush enough to splash out on Twinings English Breakfast if this deal goes though Mr B.

The total figure is 70,000 bo/d PLUS some 400 mmscf/dI believe. No idea what price they would get for the gas though. Maybe the deal will allow SDX to get a better price for their SD gas too.

I am not sure whether a placing is coming or not to be honest. The RTO could create a new company which could be what the RNS about the admission document is about. No idea what is going to happen here lol.

It should have bloody well been 95p before this latest development.