Member Info for shakeypremis

Complete madness. They only have a 32.435% beneficial interest too in that particular license.

Neo89, the new Morocco wells flow at a higher rate than their total daily production in Morocco, yet don't add all that much to daily production because the reserves are small (though valuable in Morocco due to high gas prices). SDX have contracts in place and they need to supply gas at the contracted rate for 5 years usually. So they flow the wells at a lower rate in order to provide enough gas to fulfill the contracts.

In Egypt the situation is similar.

I am seriously considering buying more. I shouldn't but this is just crazy cheap.

Yep, I think you are right. The capitulation sell off is in progress, it's just a case of how far it goes. 48p? 45p? 43p? Time to back the truck up. It's crazy how this has happened. None of the great work, resources discovered, additional production hooked up, cash accumulated, exploration prospects discovered and further proven has been factored in to the price. Absolutely mental how irrational this is.

I wont be.

We are going to get some kind of capitulation sell off here. This is ridiculous. The chart is looking more and more symmetrical (with last years big price price and subsequent sell off and then stagnation). It's quite uncanny really. Take a look. Is it just me or can the rest of you see it too?

https://invst.ly/85ymo

If this plays out like last time we have a long and frustrating autumn and winter ahead of us. Maybe we'll get to 80p on the next run up??? Laughable.

I do think Morocco will be big for SDX, it's just a case of waiting. Obviously there is a chance they hit a one-off but I doubt it. I do particularly like this line from PW which you quoted below;

"Theviliageidiot:
PW said
If the MM had a clue they would have marked SDX up 50% on the LM results."

While the MM's may not have a clue you would think others would and we would have seen some kind of share price rise and those knowledgeable enough to get it, bought in. Maybe they already have and we get another one of those ridiculously delayed holdings RNSs again.

lol, no I haven't sold because I don't KNOW what is going to happen.

I think it's quite possible, my charts indicate getting back to this level is a possibility, but I had not drawn any Fibonacci retracements. I don't know much about these. What happens after a 38% Fib retracement? Hopefully an ENORMOUS rise.

Lol. You can do nothing but laugh. It seems astonishing that I should say this but if this current level of circa 55p doesn't hold then it is back to the 40's most likely. No support really until about 48p then down to 43p. <br /><br />According to the charts, SDX is currently the most oversold it has EVER been. Should be a fantastic place to buy when this bottoms.<br /><br />https://invst.ly/84b47

You know, you don't HAVE to read the posts...?

Some is definitely dumping blocks of 20-25k shares at a time and has been doing so for quite a while now. I wonder who it is. Even more interestingly someone is obviously buying these shares. I wonder who that is lol.

Should be...

God knows.

Yep, same as happened last year too.

I would have thought we might see some additional institutional money/wealthy individuals buying in. This really does have great growth prospects with less risk than you would normally find for said growth prospects.

Somewhere in the 80's right now would be lovely. It is a slow burner this one that's for sure.

We said it would re-rate soon last year. It did eventually re-rate but not that much. That said we are some 30% higher than this time last year. Nothing to do but wait.

Lol, tones77777, don't be silly. Of course this isn't going to rise today. Remember where you are invested.

Yep, I remember it well too. I really hope we aren't in for a repeat of that. If we are we have about 9 months of agonising range-bound trading with may disconcerting sell-offs to contend with. It doesn't appear that anyone is loading up here, but it didn't appear that way last time around and we did end up getting some large increased holdings RNS' that were suspiciously late being filed if I remember correctly.