Sdx Energy Share Discussion Threads

[captain james t kirk] 05/5/2017 13:36

From the PW Proactive interview these I believe to be the main points:

1/ Found 65ft of net pay in the Abu Madi with two horizons showing 25% porosity.
They came in about a foot from where they expected to find the top of the structure and also the contact in the well.
2/ Thus fairly confident in the volume and they believe it's a commercial discovery, that they can go on and develop.
3/Deeper horizons were a success as they determined there is a working source and we have the same reservoir sections as seen in the W.Desert. These hydrocarbon bearing sections have not previously been seen within 100kms of SD1X and the deeper section is pervasive (widespread) throughout the 1275 sq km concession.
4/ So they have other targets with larger structural closures, such as SD Deep 1X, which at 5kms is even closer to the existing infrastructure.
5/ They decided not to run piping into the deeper horizons due to thin pay interval and some well stability problems.
6/ They believe there is still deeper potential in SD1X.
7/ 7-10 days to take the rig off site and then 1-2 months to complete testing and then State and partnership discussions for a development plan to get the gas to market as soon as possible.
In summary, there no question in his mind that SD1X is a commercial discovery and they have proven the source kitchen for the deeper oil horizons throughout the 1275 sq km block. PW is confident they will find oil in S.Disouq.

[tidy 2] 05/5/2017 13:35

320 BCF on this new gas discovery. Will be on line asap.

[tidy 2] 05/5/2017 13:34

Dsmith just for youhTTp://www.proactiveinvestors.co.uk/companies/stocktube/7402/sdx-energy-s-paul-welch-on-their-significant-success-at-sd-1x-7402.html

[soulsauce] 05/5/2017 13:34

dsmith I know what you mean but short term pain for longer term gain. They will be able to go back to the 3D now with more confidence of potential commercial oil deposits.
They have proved a working hydrocarbon system just a matter of finding the traps.

[tidy 2] 05/5/2017 13:33

No the oil was great news. Listen to Paul Welch on his latest proactive interview today.

[tidy 2] 05/5/2017 13:30

Currently $21m net to SDX per annum. Debt free. Cash rich on the balance sheet. Sat on a new company making gas discovery with an active hydrocarbon oil source in the concession all new; quick to market and numerous other plays in the pipe ready to go. Won't hang around at these prices for long. True investment.

[dsmith57] 05/5/2017 13:29

Am I the only one who wishes that we never had a sniff of oil?

[tidy 2] 05/5/2017 13:25

Flat or blue finish would not be surprise today.

[tidy 2] 05/5/2017 13:24

Most impressive what we're sitting on here guys. Buying money massively discounted. Paul Welch is buzzing off SD-1X not to mention everything else on offer

[shakeypremis] 05/5/2017 13:07

Paul Welch said this:

"Beneath where we are in the SDX-1 well, there's still potential there".

So without even going on to other areas in the concession there is still potential for oil, but lower down. That's my take on what he said in the latest Proactive Investors interview.

[soulsauce] 05/5/2017 13:06

tidy thanks for the link bud but change the t's to capitals and the link will work ;-)

[tidy 2] 05/5/2017 12:58

Now a discovery • Transformational Exploration potential - 320 BCF

[tidy 2] 05/5/2017 12:53

Gas will be on line in the shortest possible time. All on track. SDX-1X totally derisked the main oil target next.

[tidy 2] 05/5/2017 12:50

Massive success. Listen to Paul's latest here. http://www.proactiveinvestors.co.uk/companies/stocktube/7402/sdx-energy-s-paul-welch-on-their-significant-success-at-sd-1x-7402.html

[tidy 2] 05/5/2017 12:38

Unresearched trades sold. Oil shows deeper down derisk the following targets. If there were no shows they'd have to rethink further targets. It was cheaper to do it this way and with the new gas strike we killed two birds with one stone effectively. Cost buttons for SDX.

[ziblot] 05/5/2017 12:31

Added @ 55p. Is nobody seeing the bigger picture. My biggest holding by far. Can't believe that the gas find is being ignored, which is exactly what's happening. Why should the deeper drill be an Achilles heel to the sp?

[brwo349] 05/5/2017 12:16

tournesol5 May '17 - 07:38 - 2259 of 2309 5 1
Today's news about the deeper targets is exactly what any objective observer would have expected.

Ah so says Captain Hindsight. Another genius wise after the event.

[tidy 2] 05/5/2017 11:25

Malcy today on SDX SDX EnergyOverall the news this morning from SDX is very encouraging, the deeper part of the well confirmed reservoir intervals and true, they were not worth completing here but for a virtually free carry it was a no-brainer and valuable information was gleaned. So, they made a discovery in the Abu Madi and to prove the source rock in the Cretaceous section both of which ticked the appropriate boxes. Sure it was difficult to find a trap but then when the well was first planned that wasnt the target, it was 5km East of this location and as I said it was a very cheap reservoir test. The news that they have proven hydrocarbons in the block is, to quote Paul Welch 'truly awesome' and of course the next location is already staked and permitted to test the horizons at SD-Deep.This well is undoubtedly a major achievement, already a gas and liquids discovery which is near infrastructure and enabling fast-track monetisation the well has proved potentially transformational with this deeper oil potential. I mentioned the next well but exposure is not limited to that, with the source rock and reservoir proved there is plenty of scope left in what is a very big block, 1,275km². All in all confidence remains high and with such upside and of course other high value assets in the portfolio the sell off this morning is well overdone.http://www.malcysblog.com/

[thegreatgeraldo] 05/5/2017 11:01

Liquids aren't actually confirmed yet, although given the trend contains wet gas, it's quite likely.

[easwarareddy] 05/5/2017 10:39

Anyone got l2? Sp pulling back down again?

[sawney] 05/5/2017 10:39

Malcys write-up very positive today

"This well is undoubtedly a major achievement, already a gas and liquids discovery"....

[tauroctinus] 05/5/2017 10:35

Bought my third lot of these early this morning.
I am fairly all in here, and will now wait for future developments
with a sanguine state of mind. What's not to like.?

[pauliewonder] 05/5/2017 10:27

Malcys write-up very positive today. Bought more on the dip. Its not going to last long at these levels. Such good value. If we didnt drill for oil we would be nearer 80p so market has reacted negatively to a hugely successful well. Delighted to buy at these levels.

[puzzler2] 05/5/2017 10:05

Added more SDX on today's dip.

[tidy 2] 05/5/2017 10:03

Current income $21m pa. once SD-X1 comes on line this should at least double. Morroco has a fourfold capacity to increase on our own pipeline. Plus further deals to come.That's $21m net income. No debt and cash rich. Massive growth opportunity here.