Member Info for shakeypremis

Maybe, but it definitely isn't factored in to the current production rate of ~4,400. Another 500 bopd is over a 10% increase on the current production rate. Beggars belief how the share price doesn't react.

Meanwhile, UKOG's market cap has just gone over £100m again.

Yesterday in PW's interview on proactive, he mentions that there is actually another well still to come online in Meseda, according to PW a circa 2000bopd (gross) well. That should be a little over 500 extra bopd net to SDX after working interest and state cuts. That will bring their daily entitlement production up to about 5000 bopd. SD and a few extra customers in Morocco might actually see SDX exit 2018 with over 8000 boe's per day. Did any one else catch the bit about the extra well in Meseda yet to come online.

I predict that when cash equals 2 x the market cap that the share price will rerate to 0.5 x cash. lol

From the latest presentation;

Drilling completed, all wells (1X, 3X, 4X and IY1X) completed and tested

Pipe has left mill and in transit to location, CPF tender completed

Completing GSA and development lease agreements –60MMscfd facilit

Looks like construction of the piping and other infrastructure required to get SD online and producing is going ahead. When do we get to hear what price SDX will get for the gas I wonder?I guess once they've got it all connected and shown how much gas they can reliably flow from all four wells maybe? The more gas you flow in Egypt the better price you can negotiate with that thief that is the State (not singling out the Egyptian State here, all Governments are thieves, and I mean that in the strongest sense of the word - but enough of that lol).

https://www.sedar.com/GetFile.do?lang=EN&docClass=7&issuerNo=00026905&issuerType=03&projectNo=02813463&docId=4377287

Yes, if they hadn't done all that successful, value adding drilling, they'd have about $70m cash right now! Ludicrous cash generation.

Besides the announcement today was about half year results, you don't necessarily have to use them to announce new things that are going on/have happened and anyway, as I said earlier, they did announce some new things anyway!

You already said that R1CHARDO. While Peugeot isn't new, the other two are new aren't they and so is an additional 1.3mmscf/d of gas demand from all three of them. Also, what about the extra drilling they did in Egypt that they didn't tell us about until now? Is that not new?

Yes lol

They've been saying that for quite a while. Might not mean anything specific.

Nothing the Oil Walrus says ever makes any difference here.

I hope you understand that the only way one makes money in the market is by taking advantage of IRRATIONAL pricing. If everything was fairly valued 100% of the time making money would be much much more difficult than it already is.

Yet another gap to deal with. 16th-17th.

https://invst.ly/8g66u

When you say 'jam tomorrow', you must be referring to the share price because SDX certainly have delivered as a company. Their performance regarding exploration and production certainly cannot be described as 'jam tomorrow'.

Would be trasing at approximately book value had they not spent all that money on capex. As it stands is trading at about 1.3x book. Laughable valuation considering the cash generation and near term production upside hear from SD, not to mention all the exploration potential that no doubt exists in their licenses. Still quite a high amount of receivables. I wonder if the Egyptians have slowed down paying up again?

They signed up three customers! "Gross production in H1 2018 of approximately 5.3 MMSCF/D of conventional natural gas (660 BOE/D net to SDX) is expected to increase in H2 2018 when gas sales to the recently contracted customers, Peugeot, Setexam and Extralait, will commence. These contracts are expected to add incremental production of approximately 1.33 MMSCF/D of conventional natural gas during H2 2018." That's another $3.5m-ish in gross revenue. Probably something like $2m profit net to SDX.

Nobody seen them but me? Lol Seem pretty good. If they hadn't spent all that money on exploration and development it seems like they would have nearly $70m in cash right now. Absolutely mental. They've also been sneakily hiding drilling successes from us AGAIN. As of August they say their entitlement production is actually 4444 boe/d, well above the headline figure of 3200ish.

Aaaaand it's gone! Looking like it will end the day flat in Canada. Sigh.

No one gives a crap about SDX so no lol.

The Canadian chart for your viewing pleasure. I had actually not looked at this for some time until today.

https://invst.ly/8egn2