An absolute much watch for anyone looking to buy #SENX or has recently bought to chase Polish price disparity by CEO Jeffery Auld:
30-year background O&G
Ex-Goldman Sachs Investment Banker
Sold last company PetroKazakhstan Inc. to Chinese for $4.5bn 😲
#SENX hidden bullish diverg. forming and stoch oversold on 1hr

https://www.tradingview.com/x/71OoWcxr/ 
#SENX "Overall the projects that we can demonstrate in the next 18 months, on our existing fields, adjacent to what we are already doing, development projects that don't require exploration work, can increase production by 5,670 bopd. We are currently producing 2,500 bopd."
#SENX 🗣️ "I'm an Ex-Goldman Sachs banker, I'm in the business of making money"
#SENX
Romania:
3,000 km² block
100% of license
15m million standard cubic feet per day
181 MMboe un-risked / 73 MMboe risked
#SENX
Tunisia:
5 blocks, all operated
Biggest one is Sabria, 358 MMboe field – only 1.2% been produced
Chouech, existing producing fields, looking to extract better and cheaper
#SENX
Unbelievable $33.7m debt to equity $16.5m deal, negotiated 50%!
Strong balance sheet with $2.5m cash currently
28 Insti’s in on recent placing
EBRD 9.9% shareholder
#SENX
2,500 bopd currently
Low cost $8.96/boe
Future work programme adds circa 5,670 boepd for cost of $1.34 /boe!
8,000 bopd within 18 months – cash flow would exceed capabilities of company to allocate cash, would need to grow into other business units or do dividend 🤑
You can follow @alwayznow_.
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