Member Info for shakeypremis

For a company that is aiming to DOUBLE it's total production by the end of the year, this is performing woefully. There doesn't really appear to be any potential upside in the price! Is the market waiting for SD exploration results to come in? What happens if LNB-1 comes in and opens up a whole new area??? What is it going to take to get this to move? If this doesn't move if Ibn Yunus comes in I am stumped.

We await pijoe's numbers then (unless SDX get back to me first).

Same thing has been happening for weeks now. Lot's of sells going through, but the price keeps rising. Looks like the buyer/s is/are still about!

SDX's working interest is 55% of what's left after the Government take a cut of gross production. I have just emailed the company for final clarification on this. Something I should have done a while ago, but I thought the answer was well known, but perhaps not. We'll find out! I will post on here what I get back from them.

That's interest JHaylock, can you provide a link please? I'd always understood they took 50% of the license. Happy to be proven wrong though! Please prove me wrong! lol

https://finance.yahoo.com/news/start-us-china-trade-war-044450051.html

Erm, where have you been since last February? The share price is up from 10p to current levels!!!

Your numbers aren't correct Jimmy00, SDX will only receive circa 27.5% of the gross revenue generated from the South Disouq licenses. This is due to the fiscal regime in Egypt. The Egyptian government will take 50% of the production from the field without giving SDX or their partner a penny for it, that then leaves 50% of the production for SDX and IPR. 100% x 0.5 (state cut) = 50% 50% x 0.55 (SDX Working Interest) = 27.5% Then the state will want tax on the profits SDX generate from that 27.5% stake. Let's be very conservative and say SD can only produce at 50mmscf/d and the price the Egyptian government give SDX is $2.65 (hopefully it'll be higher than this, but as I say I am trying to be conservative). 50,000mscf/d @ $2.65/mscf = $132,500/d revenue gross $132,500 x 0.275 (SDX's cut) = $36,400/d revenue to SDX $36,400 x 300 (the field won't produce all day every day 24/7 for a year, 300 is probably too low but again I am being conservative) = $10,931,250 revenue to SDX per year At 100mmsf/d that obviously doubles to $21,862,000 revenue. What profit SDX will generate from that is unknown but will likely be the majority of this number. So you can see that SDX really do need to hit 100mmscf/d in order for South Disouq to pay off significantly thanks to the thieving Egyptian government. Hopefully they do hit 100mmscf/d and hopefully they get significantly more than $2.65/mscf.

Have a good weekend all and here's to a better week (share price wise - can't really fault the company) next week.

https://audioboom.com/posts/6744871-vast-resources-vast-sdx-energy-sdx-strategic-minerals-sml

Over 18p to sell again.

You are correct Wizard, that's why Edison say SDX need to drill more wells in order to fulfill there stated production goal of 8-10MMscfs/day. The reserves will be higher than the figure from the presentation however as it is only up to the end of last year. Additional wells have been come in since then and there are more wells to come.

NT = Negotiated Trade.

Who is selling these shares!!! Did you have to go NT to get them Doubler?

The market is supposed to be forward looking and it's not even valuing SDX at current value yet alone future value.

Thanks very much for your feedback, I was regrettably unable to attend as I'd not finished work by the time the event started. All sounds very promising and just a matter of waiting for those exploration results. Regarding a trade-war, one isn't even required for companies to look for sources of rare-earths outside of China. The THREAT of a trade-war is all that is required and I think TK partnering with Rainbow is evidence of that.

I haven't been able to get a live quote to sell all morning (not that I have any intention of selling any). It looks like there might be someone dumping in to this good news we've just had. Will they ever let this re-rate???

Why do you think that sims? What are you basing that on? Cheers Really good results, strong cash generation and doesn't include production from some newer wells in Morocco and Rabul and also the price they received for oil is lower than the current price so we can expect a very nice increase in the cash generation over the coming year from the current assets alone assuming the oil price stays constant. Also they are getting a higher price than the results show for gas in Morocco from newer customers so that's going to add to cash generation too. Still Yunus not spudded and still no idea of Egyptian gas prices, although I suppose we won't find those out until SDX know how much gas South Disoq can produce. All in all very nice results, no idea what the share price will do though.

No worries mate. I think this share price stagnation is getting to all of us. Even I am getting sick of gaps now, but that one from the 13-14th has closed.

Strange price action (not uncommon here) and it this slowly lowering ask despite buying has happened here many times before. Also while this is happening the bid is ticking up very slightly, was 49.6 to sell earlier, now 49.65 to sell.