Sdx Energy Share Discussion Threads

[trapissed monk] 27/3/2017 09:54

Prefer a nice (under radar) rise,keep the wolf pack away....unless they buy!

[someuwin] 27/3/2017 09:40

Can't get a buy quote for just £2k

[potential] 27/3/2017 09:29

Massive week for SDX share price IMO with news on a few different fronts!!!

[captain james t kirk] 27/3/2017 07:09

I've managed to source this map, which i believe is probably the most accurate within the public domaine.

hxxp://www.egpc.com.eg/PDFS/Bid%20General/Egypt%20Concession%20Map,%20May-2016.pdf

Our block is clearly shown as the ex Sea Dragon concession North of Cairo.
The DEA Disouq discovery/production facilty (dark grey) is shown about 35 kms to the North just below the chequered flag.
To the NE is the Total concession and they are less than 10kms from us.

Footnote:
I'd set the map up magnified and focussed on our area but it has posted in original size. So to help, it is the left hand side map and the max and min buttons are in the lower right hand side of the page if you put your cursor there.
You can see us as the mushroom colour block between the two forks of the Nile.
Enlarge and move the page as required. The legend of block owners is in the top right hand corner.

[neo26] 26/3/2017 23:01

This news was out on 27th Feb, but our 3d data surveyed area is very close to that area, we are about 5 to 10km away, even if its not sdx it bodes well being drilling so close to the massive find.Eni found massive resource in northern nile delta and 12km away the found another good find.I think with big players wanted to farm in I think this is a "significant" well that we are drilling. If we encounter gas or oil this can easily value our company around £2 a share.This is no ramp, PW said SD could be worth around 20k-25k boepd to sdx.. Within 3 to 4 weeks we will know...

[nasnas1] 26/3/2017 22:33

Saw this news last month and didn't think it was SDX related. Having read it again and now that we know that PW didn't release the 3d Seismic I am thinking this is definitely SDX related. If true then one hell of a re rate coming here. Roll on 8am

[neo26] 26/3/2017 00:27

According to this link seismic data has shown a potential massive gas discovery in Mahala city, if you look at the image below it shows we have surveyed very close to Mahala City. Although we are not licensed in Mahala city we are around 5 km away, this bodes well for finding gas in SD-1x well.



"A source at the Egyptian Ministry of Petroleum and Mineral Resources stated that Egypt will announce a new gas discovery in Nile Delta to be located in Mahala city. The new discovery’s seismic surveys revealed huge reserves that might be equal to Zohr field’s volumes, Egyptian Media reported."

[deltrotter] 24/3/2017 20:48

Well if he does announce that then we are looking at 200-250p a share IMHO!

Lets not get carried away just yet though.

[neo26] 24/3/2017 20:39

Del"I intend to tell people or like to tell people"Did Paul slip up near the end of interview, big players wanted slice after the potential discovery of 3 oil bearing horizons. SD must be special.Imho

[deltrotter] 24/3/2017 18:30

Interview with Paul Welch:

[deltrotter] 24/3/2017 17:49

Yup, I think City have stopped selling. They appear to be trading 'normally'....

[neo26] 24/3/2017 17:08

Captain

City are not selling, shares don't go up in straight lines, you will get buyers and sellers along the way...

[captain james t kirk] 24/3/2017 14:35

Appears to be a seller into the strength.
If City Financial are selling out completely then it will be a worked move, so as not to affect the market too much.
Over the course of the past two weeks the brakes have definitely been on this relative to the daily published buy volume.

[slepy] 24/3/2017 14:27

In what way?

[captain james t kirk] 24/3/2017 14:25

I would suggest that but for the persistent seller, believed to be City Financial Inv Co. these would be around 20% higher now.
I haven't kept too close an eye on trades today but they appear a little strange to me.

[slepy] 24/3/2017 14:09

I doubt this takes in to account well drill results.

[someuwin] 24/3/2017 14:07

I'm hoping for a lot more than 20%.

[slepy] 24/3/2017 14:06

Tipped to rise 20% over next 2 months.
hxxp://www.proactiveinvestors.co.uk/companies/stocktube/7161/sdx-energy-tipped-to-add-20-over-next-two-months-7161.html

[deltrotter] 24/3/2017 12:59

Monk - lol -yes. I expect us to head higher this pm.

The co. should not be a million miles off hitting the upper gas zone.... maybe news late next week or early the week after.

[neo26] 24/3/2017 12:22

Even at present, 4.5mmcf generating free cashflow of whopping $13m..Double that or treble that its gets tasty. Circle had good strike rate at hitting gas.

[captain james t kirk] 24/3/2017 12:20

Yup, I can live with 50 cents on the $, particularly with all the development work taking place on some of the assets acquired, which will lead to increased returns very quickly.

[cashandcard] 24/3/2017 12:15

bestace,

"an impairment of US$(4.3) MM due to the North West Gemsa field now being projected to reach its economic limit earlier as a result of the reserve auditor's lower oil price forecast in future years"

True, but I'm not too concerned about the above. NWG is small fry compared to what we are going after now at SD. That COP deal is worth every penny alone just for Morocco assets. A few more wells to fill up the pipeline and the revenue, profits and shareholder value are quite simply huge.


Cash

[trapissed monk] 24/3/2017 11:48

Del,looks like the sugar in those donuts kicked in?!

[neo26] 24/3/2017 11:36

they spent $6m on 3d seismic on South Disouq, strong avo responses on data, they have found three horizons which appear to show enclosure and potential oil bearing.

It bodes well, big players still want to farm in even when we have partner, that tells you something..

imho

[neo26] 24/3/2017 11:29

if you read the rns is say the auditors reduced some of the reserves of North West Gemsa asset, thus reducing value of asset.

It is still at 50% discount, asset will be paid off within 14 months