SDX - New Corporate Presentation on the website Lawson 75, Hi SH, do you think that this time S.D.X. will actually stick to their projected deadlines?
SDX - New Corporate Presentation on the website Screenshot_2019-07-08 PowerPoint Presentation - 190620-Corporate-Presentation-July-2019 pdf.png1193x770 1010 KB Finally we get to see what the CPF looks like and the size of it
SDX - New Corporate Presentation on the website sdxenergy.com 190620-Corporate-Presentation-July-2019.pdf 3.12 MB
SDX - South Disouq Predicted Timetable For me the most exciting part is the 12 drill Moroccan campaign. Last time the success rate was phenomenal TP
SDX - South Disouq Predicted Timetable [link] Excellent Operational and Corporate update and exactly what we needed. Crucially South Disouq is still on track and the CPF has passed the Factory Acceptance Test. Fantastic that the 8 weeks contingency is still intact and that no delays have been encountered as yet. Cash on hand 30th June 2019 was still US$11m which is again good news as I was expecting it to fall further given the expenditure on South Disouq. SDX remains fully funded for all existing and planned activities. After the bad news and the departure of PW SDX needed a positive update to boost confidence in the company, on first reading we have got that and hopefully the company has now turned the corner. It also looks like the conspiracy theorists have been proved wrong as well, following the TSX delist there has been no movement for the two cornerstone investors to increase their holdings.
SDX - How low can we go? With yesterday’s fall SDX market cap has now fallen to £38.9m or US$48.9m 2018 net revenues were US$53.7m Q1 2019 net revenues of US$12.7m and netback of US$9.3m At what point does someone mount a takeover bid?
SDX - South Disouq Predicted Timetable If things are on track with South Disouq the Factory Acceptance Test ended yesterday. I do hope our interim CEO gives us an update on progress so far. I have written to Mark Reid and asked that the key project milestones (they identified the Factory Acceptance Test as one of them) are notified to investors. If they feel that a project update is not needed at this time, then a mention on the SDX twitter feed would suffice.
SDX - Whilst we are waiting for South Disouq I see the last trade was a late reported sell of 455,000 shares with a value of nearly £94,000
SDX - Whilst we are waiting for South Disouq Lawson 75, Theprior I concur with your point of view1 It appears to me that this company are simply playing with their shareholders to try and prove oil/gas deposits, and have little intention of trying to make a profit for their investors!
SDX - Whilst we are waiting for South Disouq So what’s new. I recall this is the norm for SDX. TP
SDX - Whilst we are waiting for South Disouq You couldn’t make it up The price of Brent is rising, SDX announce a positive drill result giving them an extra 200 boe/d and the share price falls. Some RNS’s can be interpreted one of two ways and you never know which way the share price will go. This news is not in that category, it is blatantly good news that increases production and revenue but still the share price falls.
SDX - Whilst we are waiting for South Disouq Good news at last with success at Rabul-7 Screenshot_2019-06-26 Oil discovery at Rabul-7 Well, Egypt - RNS - London Stock Exchange.png1101x338 18.2 KB
SDX - Latest Edison Research FY19 management guidance reset King Mohammed VI chairs the inauguration of the Peugeot plant at Kenitra Morocco World News – 20 Jun 19 King Mohammed VI Chairs Inauguration of PSA Group’s Kenitra Automotive Plant The “made-in-Morocco-themed†ceremony sought out to highlight the merits and still unemployed potential of Morocco’s manufacturing sector.
SDX - Latest Edison Research FY19 management guidance reset Edison SDX Energy - FY19 management guidance reset • Edison Despite our last published FY19 forecasts reflecting a more conservative production ramp-up than management guidance, SDX’s guidance revisions have resulted in a further downgrade to our short-term cash flow forecasts and NAV. We reduce FY19e... Understandably given the delay with South Disouq and reduced uptake in Morocco, Core NAV and Group RENAV have fallen considerably. However, even after that Core NAV is still given as 45p or more than double the current share price Screenshot_2019-06-21 SDX Energy - FY19 management guidance reset • Edison.png846x324 11.7 KB I must have missed this previously “Management now expects Young prospect to be gas rather than oil.†If the South Disouq timelines are on schedule the Factory Acceptance Test starts next Wednesday and runs for a week.
SDX – M&A activity SDX… XXXX Something odd with history ( D )