Sdx Energy Share Discussion Threads

[eye2] 03/4/2017 13:59

someuwin yes its been like that since 10 am.. (: sell 35,000 shares tho in one hit

[someuwin] 03/4/2017 13:14

Can't get buy quote for just £2k.

[potential] 03/4/2017 12:27

Top up if you can !!!!

[neo26] 03/4/2017 12:26

volume is low, if you can top up dont let the mm's scare you into selling..

[ifthecapfits] 03/4/2017 10:23

Double my holding this AM. Now need the good news!

[neo26] 31/3/2017 22:15

what really gets my excited is that company were approached by large interested parties who wanted to farm in to the license even though we had a partner.

This bodes really well, and should put anyone in a positive with regards to this company.

[potential] 31/3/2017 16:09

Times running out to get in ahead of news!!!

[potential] 31/3/2017 16:07

looking set to blow 50p away

[nasnas1] 31/3/2017 16:01

Volume picking up

[pauliewonder] 31/3/2017 13:55

In auction again!

[someuwin] 31/3/2017 13:15

As Malcy said just 10 days ago...

"I think that the shares (SDX) are extraordinarily cheap at the moment..."

[potential] 31/3/2017 12:30

You don't want to be out of this one over the weekend folks!!!!

[flagon] 31/3/2017 12:09

Quiet now ... April won't be. Sitting tight since pre circle deal. GLA

[nick2412] 31/3/2017 11:42

This site (Hydra Captal) has followed Sea Dragon / SDX from the start and made good calls. About 3.5 times free cash flow now.

hxxp://hydracapital.ca/we-are-hydra/ikm-and-sdx-updates-one-targeting-growth-through-the-drill-bit-and-the-other-through-acquisition


SDX Energy (SDX.V)

Last week, SDX reported that it had inked a deal to acquire some of Circle Oil's assets in Egypt and Morocco, taking combined pro forma production to 4,700 boepd and reserves to 12 mmboe. The details are laid out in a press release on the company's website that you can link to here. SDX is expected to have 186.9 million shares outstanding after the transaction is completed and the company reports that it successfully gathered US$40 million in share subscriptions to fund the acquisition which is impressive for a relatively unknown junior oil company. The company's numbers suggest "free cash flow" of US$30 million in 2017 and US$40 million in 2018. If you believe those numbers that means SDX's C$120 million market cap (at C$0.64/share) represents ~3x free cash flow. Some companies have looser definitions of free cash flow than others, but these numbers appear to represent operating cash flow in excess of capex (but no mention of G&A and other expenses).

SDX appears to be well on its way to executing a regional roll-up strategy as it successfully morphs from a tiny company offering exposure to a big exploration target into something that more resembles a proper regional energy company. That will likely be a welcome transition for a wider audience as the company takes on a less-binary risk profile... and if oil runs, who knows where this could go...
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[someuwin] 31/3/2017 10:57

Buyers getting onboard.

[pauliewonder] 31/3/2017 10:22

Similar to Hurricane last weekend Some. Then FT on Sunday released an article about huge oil find. Weekend press could pick something up.....if there is anything to pick up that is

[deltrotter] 31/3/2017 09:36

One of the MMs wants you out - they are filling a buy order.

Help them out eh?

[someuwin] 31/3/2017 09:13

I think this is one of the cases where you really can say - "I wouldn't want to be out of these over the weekend".

[cashandcard] 30/3/2017 12:28

tgg,


Explains why PW passed on it. The huge cost alone is enough of a reason. The Mahdia discovery well suffered mud losses and requires further wells to prove OIP/recoverable numbers.


Cash

[thegreatgeraldo] 30/3/2017 12:16

Cash, Mahdia was inconclusive & hugely over budget - played it's part in bringing Circle down.

[neo26] 30/3/2017 11:53

It would be interesting what they do will they inform us of the progress or tell us at the end.

[cashandcard] 30/3/2017 11:48

neo26,

I suspect by the time the week is out, they will have gone through the KES shallow zone or be very close to doing so.


Cash

[cashandcard] 30/3/2017 11:47

ifthecapfits,


I think the current strategy is working well and will continue to deliver. Whilst Circle's offshore Mahdia permit potentially hosts a couple of hundred million bbls (OIP), moving offshore is costly can really be a drag on management time and resources. Also, it will dilute the groups overall low 'onshore' cost base with higher cost offshore barrels. Having said that, if they can get a cracking deal on such an asset, why rule it out? Mahdia is host to Circle's 2014 oil discovery, estimated by Circle to be upto 100m bbls recoverable.


Cash

[neo26] 30/3/2017 11:36

They are probably very close to gas target in Abu madi section.

[ifthecapfits] 30/3/2017 11:18

SDX have done a cracking deal with Circle's assets. I guess t hey didn't want the Tunisian offshore acreage?