RNS Overvalued. Sell
Re: NEW ARTICLE: The Oil Man: SDX Energy... Based on the flow rate given in the 9th March announcement on VOBM-1, it will take two years to claw back the cost of the well. But it isn't going to flow that long, and there are operating costs on top of that.
Re: NEW ARTICLE: The Oil Man: SDX Energy, Pa... I curse myself for ever taking notice of that fat oily Man's ill informed advice.....' £2 withinmonths.......'
NEW ARTICLE: The Oil Man: SDX Energy, Pantheon Resources "SDX EnergyHeading home and have spotted the announcement from LSE:SDX:SDX which details a gas discovery at the SAH-2 well on the Sebou permit in Morocco. This makes a success rate of 5/7 and here the company found 5.2 million of net conventional ..."[link]
great great rns
Director Buys If it wasn't for the Director buys, I'd have sold up herehilip Gobe - £18,745 - 23/05/17Justin Hondris - £19,999 - 28/07/17John Cheatham - £49,999 - 28/07/17John Cheatham - £44,100 - 04/01/18We'll see.
Trades Quite a few hefty 'Sells' going into close......hmmmm, what's afoot?
Operational Update 9 Feb 2018 My comments on today's release:VOBM#1The well is not producing as Pantheon expected, which they attrbute to operational problems. Their operator, Vision, are, admittedly, pretty useless, but the alternative is that the reservoir is simply not capable of sustained flow. Either way it is bad news.VOBM#2It is not clear what they mean by "line freezing", but the message is the same as VOBM#1. Operational problems, which could also be attributed to poor quality reservoir.VOBM#4They plan to test the upper Wilcox, and there is no operational information provided. Results expected later this month. VOBM#5"Operations are ongoing and on schedule". Results expected later this month. Tyler County Gas Processing UpdatePantheon & Vision are negotiating with two gas processing plants, even though they have no gas to put into them.Jay Cheatham CEO did not say: I am considering every possibility except the most obvious ones - that we are dealing with a sub-economic, very-poor quality reservoir, that contains negligible oil, with operations being paid for by Pantheon and conducted by a below-standard operator.
Re: down down and down Yes badly let down after all the hype on the "flow rates" ! Two weeks to go on v5 drill .. let's hope they get this one right for a change.
down down and down Thanks Malcy - vivid memories of your tv interview with Jay Cheatham and yourconfident assessment that the shares would hit £2 within months -- that was a couple of years ago and now I'm down by nearly 60% on my investment. I think as an oil guru you might have better use as a shoelace.
Re: Unmitigated Disaster! The second bounce is on abd it lasted all day till the final UT @ 54p well above the spread prices
Re: Unmitigated Disaster! £44,100 check ur maths.
Re: Unmitigated Disaster! £50,000 check ur maths.
Re: Unmitigated Disaster! MD buying 90,000 shares, if thats not a strong belief that the company is heading for good times, I dont know what is. Why would he risk nearly £500,000 of his own money if he thought that company couldnt fulfill its forecast.Heading north in my opinion. As always, Dior.
Re: Unmitigated Disaster! Is today's trading signaling is ready for the bounce?1- managed to finish above yesterday closing price2 - CEO buying 90K @49p today