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PW ‘s probably started off with a few over confident exaggerations. This turned into a huge web of BS which he got tangled up in and could get out of. Like Mr.B said, ignore what came from his mouth. Focus on what has been said since.
Through previous RNS's.
We we informed of MEA crossing the 15% mark July,17, then up to their 20% by October,17.
Difficult to estimate their average up to the 15% mark but you could assume that all shares from 15 to 20% were at 40p and higher so MEA themselves will be significantly under water at this moment in time. This i am trying to take comfort from as why on earth would MEA except any low ball offer, when they themselves are heavily underwater and have also held when the share price hit 70p only 14months ago. Just my semi rant for the day!!
https://sundanceherald.com/2019/07/18/sdx-energy-lonsdx-given-buy-rating-at-peel-hunt.html
He not got much to say.
"An announcement from Wednesday when there was no blog which slipped through the net yesterday. SDX announced that they have made an oil discovery at their Rabul-7 well on the West Gharib concession in Egypt. The well found 134' of heavy oil pay with an average porosity of 18% and the well has been completed as a producer at 415 b/d to the CPF at Meseda. This is a modest but useful add discovery and adds to their projected production in country of 4,000-4,200 b/d"
Just looking over the history section on the revamped SDX site. Just cannot understand how we are at summer 2016 levels even with SD no on line. It as if the last 3 years have been a complete waste of time. Hopefully with PW on his way things can be freshened up and the markets will start to look at us differently. A long hard slog i think tho.
He probably sold up the moment they announced the de list.
He didn’t seem all that bothered in the previous interview about the de list (until he sold up). Now he showed his true feelings. Clearly wanted out before everyone else.