Sdx Energy Share Discussion Threads

[cashandcard] 17/4/2017 18:15

I am splitting hairs about the fact we still have no numbers for undiscovered resource potential on the block.

Like Hurricane - the area itself starts to get derisked. Malcy hinted at potential of the block being significantly higher than 100p. No doubt, he will be into it tomorrow for the bucket list.


Cash

[tournesol] 17/4/2017 18:10

In practice of course the market is likely to bubble up tomorrow and it is entirely possible that we will see a rerating to 80p and possibly 90-100p. I will not be unhappy with that.

In fact I'll be giving serious consideration to topping up first thing.

If we look further ahead there would seem to be scope for a price rise towards 150-200 in the not too distant future if things continue to go well.

Reminds me of early days in Dana, Soco, Burren, Hardman and various other happy experiences of my distant youth.

Enjoyable nostalgia.

[cashandcard] 17/4/2017 18:10

Tournesal,Yes, take your point, missed that - well actually, did not preclude 12p when it should have been. It's certainly not 107p (not splitting hairs ;) Let's see what the next few weeks brings. If there is deeper oil, we are as you say, off to the races.Cash

[tournesol] 17/4/2017 18:05

Cashandcard

You said
"...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…."

Not splitting hairs, but remember that there was already 12p in the share price for S Disouq before today's news. So within the parameters of the Edison valuation, today adds "only" 48p to the valuation ceiling. So it isn't "comfortably over 100p".

And even a solid discovery does not mean that the CoS is now 100%. It's probably something like 75-80%. Then we get an appraisal and that boosts the CoS to 85-90%. Then we get a development and that takes the well into production and boosts the CoS to 100%

The ultimate valuation boost will see the whole of the 60p asset value being added to
the total value of the co but it will be phased in and will take more time.

[neo26] 17/4/2017 17:44

Cash

DanaGas have a concession North East of us, i can bet they were one of the players that wanted to farm in.

[haideralifool] 17/4/2017 17:34

soulsauce, these may be famous last words, but I think the Saudis and various large institutions want to make sure that POO behaves itself at least until Aramco is floated in 2018.

[cashandcard] 17/4/2017 17:21

neo,It was Dana that took over Centurion back in 2006. The El Wastani field and surrounding discoveries were bagged by them.Cash

[neo26] 17/4/2017 17:17

check dana press releases over the years and the gas finds, i think sdx will drill many appraisal wells near sd1x to increase production.

[soulsauce] 17/4/2017 17:04

Doubt you will be able to buy much, if any, first thing but I am going to keep banging away. tom111 I think we will easily be through 60p.

[plentymorefish] 17/4/2017 16:54

It's oil & gas I want tom111!...;)

[tom111] 17/4/2017 16:53

Still up at 18% I think tomorrow we could be knocking 60p remember this is almost a free ride.After this we move on to the next drill,goodness knows what will happen then,all looking good.SOU value is around 450m and a long way from production,imo we are sitting on a gold mine here

[neo26] 17/4/2017 16:48

SomeuwinI tried, I even put the Canadian feed on and still no result.People should scroll back to dana gas finds on their website and you should see the potential, note today's RNs States this is what they expected to find.Its not all a coincidence, big players wanted in..Tomorrow should be a very interesting day..

[cashandcard] 17/4/2017 16:44

I'm hoping for a gap-up followed by an AEX-style rise over a few weeks. Surely, investors on the sidelined have got to be excited regarding the potential for deeper oil in this well.Cash

[someuwin] 17/4/2017 16:40

No volume on TSX - yet.

Was hoping to add via spreadbet but IG doesn't seem to cover TSX market

[neo26] 17/4/2017 16:02

main mkt is uk, canada always has low volume...

[saw89] 17/4/2017 15:58

If the market makers are clever they will mark-up tomos lse opening price to match the closing on tsx. And as has been said, everyone will then scramble for shares as this is now significantly de-risked with huge upside in the next few months. We can take great comfort in today's result and the accuracy of 3d mapping and what this means in both the completion of the current drill and the next drill, SD Deep 1x. I certainly am not selling for a very long time.

[neo26] 17/4/2017 15:58

i think by end of the week this may touch a £1, Malky will have a say on his blog tomorrow, we will hopefully gain momentum...

[bountyhunter] 17/4/2017 15:52

not up that much yet in Toronto imho considering...



up 18% now, my guess is that it will close higher

(ignore the 'Sea Dragon' bit, it is the right ticker code! SDX Energy Inc. was created in October 2015 by the merger of Sea Dragon Energy and Madison PetroGas)

[ziblot] 17/4/2017 15:42

MM's will take 10/15% mark up and leave others to scramble from there. Will be hard to buy in any decent amount. Would expect it to hit 20% tomorrow but will be surprised if it doesn't comeback a little and leave some for the next day. Outstanding share to hold for the long term. Thanks to tournesol.

[nick2412] 17/4/2017 15:39

Climbing higher on the TSX and managed to add a few. This news looks to be a potentially significant further step on the journey towards the CEO's stated aim of ultimately selling the Company for £1b. One hard lesson I have learned in this game is how important a decent CEO is. Whilst PW can't conjure up oil and gas that isn't there, he has to be one of the most shrewd CEO's in the sector.

I'll be more than happy with just a decent commercial gas discovery but, if they do find oil as well, then I wonder if the Company will be taken out before year end given the interest in the area. Perhaps not for $1b but who knows.

[tom111] 17/4/2017 15:16

tmx up 16%

[cashandcard] 17/4/2017 15:06

Plentymorefish,We should see it gap-up. The London markets fir smallcaps are heavily influenced by short term traders. Unfortunately, its a reality that after 10-15% move, the traders start to call it a day and move on. However, we have a gas discovery and are going deeper for oil. If they sell off, they are certifiable...Cash

[neo26] 17/4/2017 14:32

cash

they have found gas which has increased our value, in the sharetalks rns PW stated first update would be in 2-3 weeks and the second in 2 weeks, expecting the second one now.

I think this is excellent now, expecting this to double this week, but if there was a stock to hold long term in aim, it would be this one...