Member Info for shakeypremis

It was a gap down today, so the top of the gap (which looks to be 70.1p) will probably form some sort of new upward resistance initially. I hate gap-ups when they appear because I know more often than not it means the upward trajectory will likely end soon and if it doesn't end soon then at some point you'll be back down to close the gap. So I like it when they close quickly as the previous one did. Now we have another to deal with but all in good time. My predictions so far regarding gaps seem to have been reasonably accurate and I did sell 25% of my shares last week at 72.5p and I bought them back today at 66p keeping the difference for use elsewhere. I wasn't willing to sell any more than that because of the good newsflow we were/still are expecting over the next few weeks. Anyway I've got the shares back now so it doesn't matter.

Might be another large seller too. Lot's of buys and large buys too going through at 66p but share price isn't budging.

The thing is I am slowly starting to come round to the idea that a lot of the time news (particularly good news) doesn't really break the trends that we see. Yeah bad news will do it but good news can just go in to the ether so to speak and the prevailing trend has to play out before further progress can be realised.

It was I. The much lamented, lambasted and chastised resident amateur chartist lol. The gap has now closed but there's now another one after it gapped down this morning. Interestingly my chart predicted where it might bounce and it has so far been correct. In the coming days we might find out if the upward trend support line holds. My latest chart: https://ibb.co/iXgvFo

Someone has been scooping up lumps of 50k shares all this morning at and around 66p.

Good points Wizard. Kelvin still isn't a total bust though. The RNS mentions SDX will go for another location in Kelvin very close to the drill they just made (they would have gone for it with this drill but couldn't quite reach it). So Kelvin could still come through.

It may not affect that much at all seeing as SDX think there is potential elsewhere in the Kelvin structure.

Based on the figures from the call of 55% WI of 47% of total revenue we come out with the following for South Disouq at 50mmscf/d at $2.65/mscf; 50 mmscf/d @ $2.65/mscf = $132,500/d gross revenue $132,500@47% = $62,275/d to split between SDX and partner $62,275@55% = $34,250/d net to SDX $62,275 x 300 days = $10,275,000 net revenue per year (is there tax to pay on this?)

Ah, I managed to miss that. That's pretty significant. Bags of potential just from the current 3D along in SD. Who knows what the rest of license may hold! Although it will take a long time to find out.

Can't believe only four people (I think it was four), including myself asked questions! Where is everyone! Still quite under the radar here I think.

Something I somehow managed to miss in their presentation that has been highlighted in the call, is something on slide 31. They really do think there is oil potential in South Disouq. $114m of un-risked oil potential to be precise.

It would seem someone is dumping in to this news. Not uncommon with shares and in particular SDX.

Hi Maestro He hinted what sorry? Cheers

While I was surprised to see quarterly production down versus the previous quarter these are still very nice results. Everything going on tube right direction. One thing to note is the average realised oil price they received during the quarter which was $62. if oil maintains its current price then next quarter's results will be even better and should include some more revenues from rabul and also Morocco.

Haven't posted here for a while now, but of course still invested. I find the continued large buying after the recent financial results quite encouraging. I bought all I will probably ever buy here many months ago now but if I hadn't I would definitely be loading up still given the good signs I am seeing. 525k shares bought is a large volume on a day for this stock. And the share price went down too!

I am curious as to why they are doing this. They've never done it before as far as I can remember (certainly not since I've been invested). Why could they not just release an RNS to update the market? Why are they having a call? Seems strange to me. I guess we'll find out.

I am going to be participating. It might be good for us to formulate a list of questions for me/others on here who are participating to ask. The more of us who participate, the more chance we have of getting all/most of the questions answered. I can think of a couple to ask off the top of my head; 1. How much reserves did the Morocco drilling program add in total (gross)? 2. How much reserves did the Rabul drills add? 3. What price do you expect to achieve for SD gas? 4. When are you going after the oil in SD?

Up to 2.5tcf by the company's own estimates.

To be honest I could have got in a few months ago and still nearly made as much as I have being in since February 2017 and circa 40p. But anyway, better early than late! It's been a good exercise in patience and so far the research I did before buying in has proved to be correct.

Mind the gap! It so very nearly closed on the TSX, maybe that was good enough.