The next focusIR Investor Webinar takes places on 14th May with guest speakers from Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund. Please register here.
Goon, all you have to do is slice a tranche whenever Ripley tells you to and bank your riches. Leave the trading to the traders and ease into your dotage smug in the knowledge that you are where you are and don’t need to big yourself up or brag about your success.
SDX sell their gas for between $10 and $12/mcf.
https://www.sdxenergygroup.com/operations/morocco/
Their market cap is £7.47 million. In 2023 they produced 17mmscf/d and 459bbls/d.
https://wp-sdxenergy-2020.s3.eu-west-2.amazonaws.com/media/2023/09/WEB_SDX-Energy_2023_Interim-Report_FINAL.pdf
Duncan Wallace reported 46Bcf low-risk gas play supported by 3D seismic at Loukos to which he ascribes $3-5 million/ Bcf NPV. He suggested the existing 3D seismic could lead to an upside of 100+Bcf. The area covered by 3D seismic is just 10% of the Loukos licence area. This dwarfs SDX. Listen to the podcast from 8 minutes in for a summary of what is just over the horizon.
https://stream.brrmedia.co.uk/broadcast/65e5b17993d52e4c8596272c/65e98318565ed4317f019604
Askar is a successful investor who will have had his team carry out due diligence in excruciating detail before ‘risking’ his millions. I’m happy to hang on to his coat tails.
Duncan did us proud on Anchois. Fingers crossed he delivers on Loukos aswell.