Sdx Energy Share Discussion Threads

[wisecat2] 29/5/2017 14:56

Not much reaction but you can buy cheap stock

[tom111] 29/5/2017 14:52

up 4% in Canada didn't expect much reaction over there

[bountyhunter] 29/5/2017 13:27

I don't believe it - another bank holiday bonus!

Here's an alternative link to save those half asleep like myself from having to scroll back too far!



...Paul Welch, President and CEO of SDX, commented:

"Underpinned by the strong local gas demand, today's news is highly positive and confirms the overall success of the recent SD-1X campaign. Not only do we have this excellent result in the upper Abu Madi section, we also remain very upbeat about the oil potential in the deeper Cretaceous horizon, where a working petroleum system was also discovered.

Whilst the work of bringing the gas discovery into production is our primary focus, we are also planning for further drilling in the lower Cretaceous age horizons where we see additional potential. South Disouq remains, however, one strand in the SDX story. Concurrently, we are extremely active across the rest of our North Africa portfolio, which will include development and exploration drilling in Morocco in the next quarter. We look forward to providing further updates over the coming months."

[brasso3] 29/5/2017 13:20

Just a quick break down of the potential production number of this single well with local gas prices around$3.75 per MCF.

25.8 (MMCFD) x 1000 x 0.55 (NRI) x $3.75 = $53k/ day

$19.4m/ year

[ride daice] 29/5/2017 13:15

The South Disouq concession consists of a 1275 km2 acreage position in the Nile Delta. Estimated to contain 1.3 TCF of resource potential (P10).

I wonder if there will be a revision to than number.

[neo26] 29/5/2017 12:29

I believe this drill will prove up between 150bcf-250bcf of gas. They will definitely fast track south Disouq now, with drilling being very cheap it won't cost us and our partners much. On average it will cost around $3m per well. We will drill 5, share it between our partner that around $8m cost to us. In Morocco where we will drill 7 wells, it will cost us $1m per well, and take only two weeks per well. We have $21m in bank, $16m in receivables due, and making around $2-3m free cashflow per month. Plenty money flowing in to develop both assets.. MKT cap 104m.... Rerate coming!!!! Big one...

[brasso3] 29/5/2017 11:02

AMER are just below 5000 BOEPD from memory.

SDX should be around 7000 - 9000 BOEPD in the next 6 - 9 months.

[tom111] 29/5/2017 10:56

We should be at least 85p now

[tom111] 29/5/2017 10:50

your right Brasso look at AMER over 300m

[neo26] 29/5/2017 10:43

Let's see what tomorrow begins, I recall last time with the gas find tsx didn't like much but the next day on aim it went flying..Interesting times, £1 here we come....

[brasso3] 29/5/2017 10:37

There are no other AIM companies with production at this level (4000 BOEPD) with a market cap anywhere near £100m. The sale must surely be over now!

[neo26] 29/5/2017 10:31

Malky said a good gas find here in this well and his tp was £1...I think we will be moving towards there now..Don't forget we have only surveyed just 25% of our license.South Disouq is massive for us...

[soulsauce] 29/5/2017 10:19

Should imagine Malcy should be all over this tomorrow.

[soulsauce] 29/5/2017 10:03

Yes agreed cfcc had they not experienced difficulties and not wanting to jeopardise the gas find I think they had seen enough to KNOW there is the potential for commercial oil there.

The SD licence is going to be a gem and not only should the company take on value now for this gas find but the definite potential for more such gas finds and possible potential of good pools of oil.

I bet PW can't wait to get another drill in to test the oil.

Hopefully this potential will all become clear in a CPR which could make very interesting reading and be a game changer for the share price

[neo26] 29/5/2017 10:03

Well well, they did it again on bank holiday...I was expecting good flow rates with all the characteristics mentioned but this has surpassed it.27mmcf from one well, this is around 4300boepd..Don't forget they have other almost identical structures which will bring further gas.. Yesterday I did say by h2 2018 we could get around 7500boe net from SD alone.Now the MKT will take notice, the 100m MKT cap is just too low ...

[deltrotter] 29/5/2017 09:27

Agreed cfcc - sounds like they are uber confident about the oil now....

[cfccfc1970] 29/5/2017 09:25

I notice the word "significant" gas discovery was used not just gas discovery.

I also note in PW statement...."we also remain very upbeat about the oil potential in the deeper Cretaceous horizon, where a working petroleum system
was also discovered".

I think they know or believe oil is also present and hopefully the SD1-Deep will confirm that.

Finally "South Disouq remains,however, one strand in the SDX story"
-what a strand !!!

Tremendous!!!

[brasso3] 29/5/2017 09:22

SOU are far from production.

SDX will be close to 6000 - 7000 BOEPD when SD1 comes on stream.

[tom111] 29/5/2017 09:17

with sou at near 400m we should catch up shortly comparing results imo,after all we do produce income as well.I don't think sou even are in production yet.

[2prsimo] 29/5/2017 09:15

Ridiculously cheap and one of the true hidden gems on AIM at present

[brasso3] 29/5/2017 09:09

If it does not break 60p I will sell everything I own to buy more of these in the morning.

[soulsauce] 29/5/2017 09:00

It did indeed tom. Thanks for posting captain. Hopefully crack the 60s for good this week.

[brasso3] 29/5/2017 08:53

26 MMCFD!!!

That is equivalent to around 4300 BOEPD if I am correct?

At 55% NRI that is £10m - £15m net to SDX per year.

[tom111] 29/5/2017 08:51

Well that livened up the Bank Hols not expecting that,great