Sdx Energy Share Discussion Threads

[cashandcard] 17/4/2017 14:13

On the 3rd April 2017, Edison updated their CoS to 20% and risked valuation for SDX on this well to 12p - so I make it 60p unrisked, which would take us comfortably over 100p in core value from where we sit today. However, it would be interesting to note why the significant difference in valuation from last year until just a few weeks ago. I suspect it's the IPR farmin and net attributed value in a discovery to SDX.There are some other very interesting metrics in the recent note. In a success case, Lifetime Capex $3/bbl, opex $4.5/bbl. Those are mouthwatering numbers, they assume liquids as part of the discovery. At $50/bbl Brent, there is clearly huge cashflow potential from the field.Whats really exciting, as some have also pointed out, is the potential across this massive block. They have mapped 15-16 leads, with 3D seismic they firmed up 2 of those into the prospect inventory - the first is now a confirmed discovery. The second is an oil target seen in the last presentation, according to Malcolm Graham Wood 'Malcy' its potentially bigger than the current prospect. The 3D seismic results and undiscovered resource potential is still waiting sign-off with the auditor. There has been some intrigue caused by a media article in Feb. But if we leave that aside, SDX's partner IPR on their own website have an in-house (P10) of 1tcf on the block. I think that's realistic and, subject to reassessment, may look to be in the low side.Looking to the north in this Abu-Madi trend, the Nooros field (ENI/BP) has 530bcf recoverable (gas and liquids). On BP's website, it states Nooros GIIP is 2tcf. That field and it's surroundings are still growing. The production and cash flow from that field are superb. I wonder just how large the resource base across SDX's block is? I'm confident it's closer to IPR's P10 numbers, hopefully far in excess of that.I do look forward to the update and market response tomorrow. If we get a sell off, gonna have to jump in for some more.Cash

[neo26] 17/4/2017 13:58

How do dual listings work?Company has 186m shares, how many are in Canada and UK respectively.Never researched dual listings...

[bountyhunter] 17/4/2017 13:12

no need to wait for tomorrow franki8, the TSX market opens @14:30BST

[tom111] 17/4/2017 12:59

Any thoughts of share price this afternoon % wise I go for 25%

[tom111] 17/4/2017 12:52

Yes me too after selling VOG at a profit and topping up here.I think this is one of the best AIM stocks about regarding value and prospects

[franki8] 17/4/2017 12:46

Made this my largest holding towards the end of thursday. Get in, look forward to tomorrow.

[borg45] 17/4/2017 12:27

All the people who sold out on Friday must be having meltdowns today on this news!!!! You have to trust your own research when you buy shares and don't let MM scare you into selling as they tried on Friday the only people they look out for is themselves!! Big congratulations to all those who hold and id like to thank @carz911 on twitter for the original tip outstanding research from him !!

[tom111] 17/4/2017 12:22

Your right neo silly to bail now with oil news due very shortly with every chance they will hit the jackpot.

[neo26] 17/4/2017 12:12

Based on the 3d data, the gas find, the potential oil find, and big players wanting to farm in, I would keep hold of my shares.A lot more to come from South Disouq..:-)

[slepy] 17/4/2017 12:10

Afternoon all. What a brilliant news! Just shows not to trust the share price action and MMs!
GLA tomorrow.

[cashandcard] 17/4/2017 11:57

Good morning,Wow - brilliant news to wake up to.Lol, let me have a coffee and I'll be back in a bit. Cash

[neo26] 17/4/2017 11:47

NOW we know why the big players wanted to farm in even though we already had a partner.... :-)

[neo26] 17/4/2017 11:43

Malky 20th March iii snippet:
Expectations are high and if either gas or oil, or both, are discovered then it will be transformational to the company. It looks pretty optimistic on both fronts - the 3D seismic showed an AVO response which significantly de-risks the gas play and the oil play is 'pervasive' in the block.

[trulyscrumptious] 17/4/2017 11:40

I think I will just hold on to all my shares in SDX and enjoy the ride. It's basically free money!

[tom111] 17/4/2017 11:37

look forward to a grand opening of the share price tomorrow,oil the next news by the sound of it.

[trulyscrumptious] 17/4/2017 11:36

This is a lovely surprise, I wasn't expecting anything over the bank holiday - hats off to Malcy, I bought on his recommendation.

[basem1] 17/4/2017 11:18

Hi, anyone know the Canada ticker ? TIA

[neo26] 17/4/2017 11:04

oilandgas1

PW has been hinting alot in all the recent podcast and interviews, the link below after 7 mins will give you a clue. Within a short period of time they can get this in production i.e 3 months....

hxxp:// www. proactiveinvestors.co.uk/companies/stocktube/7163/sdx-energy-chief-highlights-very-strong-performance-in-2016-7163.html

[oilandgas1] 17/4/2017 10:54

Thanks guys!

So 186m shares in circulation
Sale at 1bn would mean £5.37

So back to reality.. today's discovery may add 1.07 (as per tournesols calc), but only when in production and connected to a pipeline.. Any idea how long that could take?

( obviously short term share price revaluation coming)( imho 10-20p)

[tom111] 17/4/2017 10:37

yes sorry got carried away for a minute

[neo26] 17/4/2017 10:36

Tom more like £5 a share if its £1b company..

Just google Eni Nooras field within a year they are pumping over 40k boepd ...

What's really interesting is that this gas find was fully expected predrill.. 90% success rate was correct then..... :-)

PW said within 2 weeks we will release another RNs..

[tournesol] 17/4/2017 10:34

tom111

arithmetic?

10x current share price = around £5/share not £10

[ride daice] 17/4/2017 10:33

Out by a factor of 2 ?

[tom111] 17/4/2017 10:31

oilandgas1 we are at about 95m now so x 10 = around £10 a share.