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Good update, although would be nice to put some more meat on the bones soon...
Looks like the sale new is soon too.
Sdx owned pipeline capacity is 25mmcfd, so looks great they will get more gas from spain.
Where's the presentation? I can't find it on the website.
It's up. https://wp-sdxenergy-2020.s3.eu-west-2.amazonaws.com/media/2023/11/SDX-Presentation-Nov-2023.pdf
Spending money to enable gas imports to Morocco from Spain? So they don't believe PRD is going to be producing oodles of gas n Morocco any time soon.
Without the go ahead of the egyptian disposal they couldnt have issued this strategy.
Lets see, the disposal is very soon..
Well well . I can see nothing changes here apart the sp is a third of what it was on the takeover approach, with tenaz share price doubling. Today rns has no substance just hot air, and still I see some on this board living in a dream world. New major shareholders seem to do very well at the expense of all you lot. As I use to say where is the strategy going forward. They continue to say a lot but to nothing. Everything is hush hush. Littlened you must be under big time or spent mrs meds Xmas fund averaging down. Leg ache I thought you would have learnt by now. I’m afraid guys until this company shows any real figures and conviction on the ground it is still very high risk. Let’s hope it proves me wrong for you lot
Barhut - read this. https://wp-sdxenergy-2020.s3.eu-west-2.amazonaws.com/media/2023/11/SDX-Presentation-Nov-2023.pdf
I have , it been what they been saying but now in a glossy leaflet. Is this proof after 16 months of share price decline that company has changed, no. Nothing is happening on the ground. Forced into selling Egyptian assets otherwise bankruptcy this company continue to talk waffle of what could be. I still think aleph with take this company for a bag of peanuts.
i'm not sure you've read it!
"importing multiples of sdx’s own production volumes from spain" how much do you think this could make them, say if they can fill all 25 mmcfs the pipe holds? back of a *** packet guess acceptable?
Ignore Barhut ,he is bonkers
Well, he says the same about us!
Maybe but we look at facts dispassionately.This company has changed completely since Barhut lost his money but we will not accept this
It’s a big ‘what if’. Like a Tory manifesto lots of hot air and one day in many years we will achieve on one of those promises but at the expense of voters. Since last aug I sold 3/4 of my stock here and invested somewhere else and have seen a reasonable return in companies that deliver.
Littlened. Company is still the same just different leaders spouting the same rubbish on high wages. On the ground nothing has changed apart from a few drills.
I hate to see people lose money, so as I have said before I really hope this does come good one day for you guys.
The sentiment is appreciated Barhut.
The divestment of Egypt and the new value accretive strategy means that risk-reward here is now very attractive. As long as management delivers on pushing more gas through that pipe we're all quids in... Its quite simple.
I'm basically placing a bet on Gould himself in terms of the transition phase. I think the transition is 20 years away and its the next 2-4 years that interest me here.
I agree Legache but the amount of Egypt proceeds will determine the pace of change.New BOD know that they have to provide free cash flow quickly
Well clearly the chinese need gas, they now have 3 factories in kenitra. They helped with upfront payments in september for q4 gas.
I think a bigger offtake will be signed very soon.
Once egypt asset is sold, can see it 10p a share then maube start moving up once wells start to get drilled. Interesting 6 months.
Still maintain they should get £12m, with that they can bring 6 wells into production easy. But i think citic will contribute to wells.
East bagger within a month..
Imho
"Financing Strategy
The successful execution of the Company's Corporate strategy in the short and medium-term is contingent on the effective divestment of SDX's Egyptian assets and executing on the management's funding strategy. The Board remains confident that it is on track for the Egyptian sale as per the Company's earlier guidance and further announcements will be made once definitive legal documentation has been signed to effect the sale." Rns today
Hopefully $15m. Imho on target to complete by end of year.
Well if its on track for completion by end of year then we definitely should get an update by end of next week
"...definitive legal documentation"
Im assuming documents would have been sent out and now the legals are going through em.
The strategy rns could only have been issued now if the deal would go through. Would look like idiots if it didnt.
Very interested to what they get, granted egypt is not the best place to invest so will be discount how much?