Sdx Energy Share Discussion Threads

[rapiddave] 06/4/2017 14:38

The beauty of course of SD-1 is not only the cheap onshore opex but also that the time to commercialise through production is as little as 3 months as the infrastructure is only 6km away

[rapiddave] 06/4/2017 14:36

Malcy had a conservative target of £1 On success at SD-1 he just indicated his target price would be "Significantly upgraded"

[trulyscrumptious] 06/4/2017 14:28

Has Malcy given any indication what these may be worth if all goes well? I know they are on his 'bucket list'.

[someuwin] 06/4/2017 14:26

This is a very rare opportunity.

High impact drill underway with multiple targets.

Limited downside as the shares are undervalued on current and predicted production

Plenty of cash. No debt.

etc.

[nasnas1] 06/4/2017 13:58

Welcome. Only the start here

[saw89] 06/4/2017 13:33

in with 11k worth. What a steal.

[slepy] 06/4/2017 13:22

Yeah, sells are quoted at 53.5.
That's not necessarily a good thing. No pressure to buy so price will drop slightly.

Edit, Just as I said it, bid dropped to 53.

[trulyscrumptious] 06/4/2017 13:13

Sells at 54.35 are actually all buys.

[pauliewonder] 06/4/2017 13:08

We hit oil and it's a game changer. The price could be anything. Hope PW is right with his optimism, this could be life changing if it's oil

[neo26] 06/4/2017 13:05

slepy

the only way is up now till we hit those potential oil targets.

[slepy] 06/4/2017 13:01

If we break through 55p on ask, we might finish on high.

[neo26] 06/4/2017 12:43

right now we will have past the 5000ft stage, another 5000 to go... :-)

[cashandcard] 06/4/2017 12:23

Just a reminder of potential on the South Disouq block based on limited seismic results on 300km2 shoot:

---------------------------------------------------------------------->>

-10/10/2016

SDX Energy Inc. (TSXV, AIM: SDX), the Egypt focused oil and gas company, is pleased to provide an update on the initial findings from interpretation of the 300 km2 of 3D seismic data acquired over its South Disouq concession in H1 2016. Data processing commenced in June and the first pass data set (PSTM 3D seismic volume) was delivered in mid-September. The quality of the data set surpassed pre-acquisition expectations. This has allowed imaging of additional horizons that were not included in previous technical assessments. An initial interpretation has been undertaken with a view to building a prospect inventory and selecting a location to drill the initial, fully carried, exploration well.



The South Disouq concession, which SDX operates with a 55% equity interest, is located in the onshore Nile Delta region, 65km north of Cairo, within the Abu Madi - Baltim trend that contains numerous gas and condensate discoveries.



The initial interpretation of the data set has identified numerous leads and prospects in the Abu Madi section as well as the overlying Kafr El Sheikh formation, as expected. These gas and condensate prospects and leads are located in traps similar to those identified in the offset areas. In addition, early stage analysis has identified deeper oil-bearing potential in both the Abu Roash and AEB horizons, which are oil producers in the Western Desert region of Egypt. These two horizons are located significantly shallower in South Disouq compared to other areas in the Nile Delta. Importantly, the Cretaceous and Jurassic source rocks are anticipated to be in the oil window. Therefore, South Disouq has the dual benefit of having potential not only in the primary targets normally found in the Nile Delta, but also in older horizons that are productive across the Western Desert.



SDX's initial internal assessment of the 3D seismic data has identified 15 leads and at least two currently drillable gas and oil bearing prospects. These will now be further interpreted ahead of the planned drilling campaign, expected to commence in late 2016/early 2017. SDX intends to have an independent third party auditor verify the internal assumptions and will update the market further in due course.



Paul Welch, CEO of SDX Energy, commented:

"We are very encouraged by the quality of the data delivered by our 3D seismic program. Our ability to identify and map prospectivity at the Abu Madi and deeper Abu Roash and AEB horizons greatly expands the potential of the concession. We are developing an excellent prospect inventory within the concession and are excited by the potential of the forthcoming drilling campaign to test for not only the established gas potential in the area but also for oil. Identifying these Western Desert producing horizons within the oil window in South Disouq is fantastic news. I look forward to reporting on our progress to develop this newly identified potential in future periods."

---------------------------------------------------------------------->>


Cash

[neo26] 06/4/2017 12:22

the update cant be that far, we are almost mid way through drilling, PW has been very busy promoting SDX to the mkt, i really hope South Disouq pays off.

[someuwin] 06/4/2017 12:04

No online buy quote for £2k

[napoleon 14th] 06/4/2017 12:00

Bought a few for starters. Impressed by CEO's Malcy interview.

[ifthecapfits] 06/4/2017 11:54

Lauders - good read that presentation. Suggest reading it if peeps haven't already.

[cashandcard] 06/4/2017 11:43

Captain,

Yes, that's correct - only our wi exposure to $700k.


Cash

[captain james t kirk] 06/4/2017 11:42

cash

Yes, circa 150 million B of Oil or oil equivalent potential, an absolute game changer.
All we need is for it to come in, although it's good to have more than one chance of success.
By the way and not being pedantic, we are only in for 55% of that $700k extra cost of SD1.

[lauders] 06/4/2017 10:36

Like this comment from slide 26 (bottom of slide):

SDX has material exploration upside with moderate risk exposure

I also note the strong indications of looking at acquiring more distressed smaller companies in the area. Slides 30 & 31 particularly!

[cashandcard] 06/4/2017 10:20

captain,

Your spot on re South Disouq. I can understand why the company are not too fussed about 3D result delays. This well, depending on which zones are discovered, may lead to an immediate reassessment of resource potential (in various plays) across the block.

SD clearly has the potential to make this a midcap.


Cash

[potential] 06/4/2017 10:11

Buys showing up as sells lol

[captain james t kirk] 06/4/2017 10:03

it's a different ball game now that production and reserves have increased so much since and partially as a result of the Circle deal.
Production is forecast to considerably continue to increase and I would imagine that, depending on the amount required, future funding for another acquisition could be realised against production.
And lest we forget SD1 could change matters considerably.

[blueball] 06/4/2017 10:03

Great share so much better than Serica energy.