Member Info for shakeypremis

Ah, working interest is not the same as entitlement barrels, so they are doing about 4400 as we previously thought.

If 5800 boes entitlement is indeed the current figure then why did the latest RNS state current rate of 4400 barrels and PW state in the Proactive and Vox Markets interviews the same ~4400 figure? Where have these extra ~1400 boes come from in about 2 days???!?!

To be honest, it doesn't matter if SDX were actually producing 20,000 boes/d as it wouldn't move the price. But if they are actually producing 5800 boe/d then it just makes SDX even more undervalued. Surely with SD going online, the extra Meseda well to come, extra Morocco customers, if they are producing 5800 right now with all the extra from the aforementioned then they'll beat 8000 boe/d by year end.

I hope I am wrong, but I don't see how they can be doing 5800 boe/d entitlement right now.

I'm not quite sure what that 5800 barrels relates to. Meseda gross production maybe? It surely can't be SDX entitlement production as it was 4400 in the latest news release and they can't have got it that far wrong.

You what? I can't watch the video as I am at work and have no headphones!

Are you referring to the additional Meseda well and is the 2000bopd figure you quote gross or net?

Cheers

Link us up Mini!

Cheers

Just to add insult to injury because I must be a masochist or something; UKOG now close to £130m valuation, SDX closer to £110m.

UKOG is obviously a much better run company, great assets, producing millions of barrels of oil with negative costs per barrel selling at a price of Brent x 2 because the oil is of such great quality. They have no debt, top quality management, never once diluted, funding everything from cashflow and money they get from the money trees they grow on their special Gatwick licenses, only 1 million shares in issue too.

UKOG is a much better long term investment clearly, sell SDX, buy UKOG.

haha, yeaaahhh

Just what is going on here;

30-Aug-18 08:27:52 61.00 6 Buy* 59.00 61.00 £3.66
30-Aug-18 08:26:36 61.00 36 Buy* 59.00 61.00 £21.96

31-Aug-18 08:18:15 59.00 3 Buy* 57.00 59.00 £1.77
31-Aug-18 08:17:01 59.00 61 Buy* 57.00 59.00 £35.99

thanks mate

Paul-280i, do you mind posting the name of that book Kerim recommended please? I might be interested in obtaining a copy.

cheers

You're right it doesn't give any clear signal anymore. It broke out of the descending channel which was bullish but was immediately whacked back down in to it on results day.

Just batter it down back in to the descending channel on results a continue as before;

https://invst.ly/8h6re

KeithR39, usually. Remember where you're invested though...

The netbacks are not falling for any of the current production. They will remain the same (depending on oil prices and costs). AVERAGE netbacks for ALL production will fall though once SD comes online as the gas is low price - probably maximum of $3/mscf.

What they are saying is not a bad thing! It's a good thing! Extra revenue and profit per EXTRA boe from South Disouq that will be added at the end of the year and the SAME revenue and profit (again depending on the oil price and costs) from current production!

They are talking about average netbacks which will fall after SD goes online due to high volume, low price gas. BUT, both revenue and profits will increase.

New note out. Crappy valuation upgrade of 0.2p!

https://www.edisoninvestmentresearch.com/research/report/sdx-energy174570/preview/

UKOG is now valued at £120m vs SDX at £115. Double facepalm.

UKOG valued at about 5 x book vs SDX at ~1.3 x book

UKOG over 5 billion shares vs SDX at just over 200m

UKOG loss making, 8m in debt, diluted to absolute feck, producing essentially nothing and worth more than SDX.

Good night.

I am afraid I can't offer any insight there. Have you tried emailing the company?

No I don't. What exactly do you want to know?

Good summary doubler. Entitlement production will be around the 5000 boe/d mark by end of September once final Meseda well comes online. That increases the percentage gain from 37% to ~52%. Mental.