Sdx Energy Share Discussion Threads

[someuwin] 30/3/2017 11:15

Times running out to get in ahead of news.

[cashandcard] 30/3/2017 08:41

bushman1,


Its a great company but drilling ops some time away. Whereas SDX is onging and results could be soon. Keep in mind results at South Disouq could be transformational for the company - they have other mapped prospects on the license which will become hot drilling candidates should results turn out as expected. There is huge potential value waiting to be outed in Egypt, let alone Morocco.



Cash

[potential] 30/3/2017 08:25

Bushman r u on twitter

[bushman1] 30/3/2017 04:35

Having good positions in both SDX and SAVP, any posters on this bb looking for a similar opportunity to SDX should I suggest look at SAVP in Niger. This is a company which is also well funded, has a good BoD and M/D, waiting on 3D, perhaps a farm in partner joining them shortly and about to begin a multi-well drilling campaign with a high CoS. Both companies have the potential to do well in 2017/18. This is not a ' ramp ' , please DYOR, it's purely a ' heads up ' but do spare a few minutes and read their recent RNS's plus Ops updates.

[neo26] 29/3/2017 20:12

PaulieThat's why I say take advantage now, this is going up, 2017 is a very busy year for sdx.They may even get to target depth before the 28 days.

[pauliewonder] 29/3/2017 19:42

Yeah I agree it's very exciting times. Given the small market cap this could easily be a multi nagger from here and should be based on known income alone. Volatility is frustrating sometimes, take today for instance, around 350k worth of shares traded yet down 3.5%.

[neo26] 29/3/2017 18:47

PaulieI am very bullish for two reasons on Sd-1 well, first reason after positive 3d data results back in oct we were approached by large local players to farm into project, we didn't ask for this. The second reason was that the Egyptian oil and gas website stated that they have found huge reserves in the Mahala city, the resource may be the same quantity of the zohr field, considering we have done 3d survey near their and are only 5-10km away we surely might be tapping into that field.It bodes really well.Volume was low today yet share price fell, we have traders trading this, this will eventually blow.In Morocco we are producing only 4.5 mmcfd of gas yet we are making $13m free cash flow per annum, board expects to double production by year end, $26m tell me which other aim oilie got this much margins in gas...

[pauliewonder] 29/3/2017 17:01

Agree Neo. Cant believe how good the Circle acquisition was. $31m cash flow this year (was going to be $9m)and $41m next year (was $13m). Thats an additional $50m cashflow in the next two years over what they were going to have, and were only valued at £90m.

If SD comes in with either oil or gas (hopefully oil or both) then the share price will be blown away and we will never see these levels again. Worth the risk, given that its a free carry!

[tom111] 29/3/2017 16:21

lots of small sales going through probably chasing rainbows lol

[neo26] 29/3/2017 14:48

mm's may play some games to shake the weak the next few days if you have spare cash take the opportunity.

Even without SD 1 well the company is cheap, free cashflow after all drilling expenses is 31m this year, on top of 18m cash in bank and 16m receivables.

by the end of year we could have $65m cash just by the current assets and no debt. so it is cheap. hold on...

[potential] 29/3/2017 08:51

Buys increasing ....

[cashandcard] 28/3/2017 16:27

Bought a few more earlier on. Will be getting close to initial targets after the weekend.

Cash

[neo26] 28/3/2017 13:13

They will shake the weak holders out.

[potential] 28/3/2017 12:37

Top up folks!!!

[eye2] 28/3/2017 11:53

Yes buy dips seems to be a Odd day of drop,tomorrow could back to 50 + bid on the open

[deltrotter] 28/3/2017 09:59

Have done.

[someuwin] 28/3/2017 09:46

Buy the dips - imo.

[deltrotter] 28/3/2017 08:24

Yup, insignificant, but still adds to the excitement.

They said this in the Spud announcement:

“We look forward to providing updates over the course of the campaign."

So possibly something by middle of next week....

[plentymorefish] 28/3/2017 08:04

Surely a couple of days here/there is insignificant in the scheme of things?

[neo26] 28/3/2017 08:00

In South Disouq the 3D seismic acquisition was completed ahead of schedule and under budget. Processing and interpretation has also been completed and has identified potential for both oil and gas bearing prospects with strong Class III amplitude versus offset (AVO) responses observed in several prospects. Well planning and selection of drilling location was completed as planned and the well operations commenced on March 20, 2017. Enquiries have also been received from a number of operators regarding farming into the licence; and_------------This from results, 20 march...

[deltrotter] 28/3/2017 07:51

On this interview from the 24th he says they spud the well "about a week ago":

[captain james t kirk] 28/3/2017 07:00

I didn't say the 24th, I said the 23rd.
The only place I've specifically seen "spud" mentioned is twice in the annual report.
From the Chief Executive statement:
"On March 23, 2017 we spud
the carried SD-1X exploration well at South
Disouq."

and I posted this yesterday from the same report:

2017 Work Program
In Q1 2017 Site construction was completed, conductor pipe installed,
and the drilling rig mobilized to location. It is anticipated that the SD-1X
exploration well which spud on March 23, 2017 is expected to reach TD
in mid-late April 2017. This well will satisfy the outstanding work
commitments for the initial work program and will test target intervals in
the Kafr El Sheikh, Abu Madi, Apollonia, and Abu Roash Formations. The
concession has been extended by 6 months to allow the results from the
well to be incorporated into the decision to enter into the second
exploration phase.

Unlikely it's a typo, so for the sake of a few days, I'm going with the 23rd and as I said, may be pleasantly surprised.

[neo26] 27/3/2017 23:03

Spud was on 20th March...

Why do you say spud commenced 24th?

[captain james t kirk] 27/3/2017 22:18

The window they announced in the rns, when drilling operations commenced, was 30-45 days depending on what they encountered in the targeted intervals. Namely, as you state the Kafr El Sheikh and Abu madi, plus the Apollonia and Abu Roash formations.
I would suggest 30 days is the dry hole case and TD, we have been led to believe, as 10,300 ft. Let's guesstimate 340 ft per day.
The Kafr El Sheikh is about 4000ft, or about 12 days drilling, with a fair wind.
Spud was on 23rd March, so I would be surprised if we get any news before 4th April.
I would be pleasantly surprised though :)