Sdx Energy Share Discussion Threads

[trulyscrumptious] 30/5/2017 10:04

If you look at the chart, although it's trajectory is upward, there are many little dips. So who cares what happens in the short term as long as all is going to plan?

[soulsauce] 30/5/2017 10:00

No paulie this will continue on it's upward trajectory and continue to re-rate especially once full testing has been completed and we get a CPR on SD and the wider South Disouq area which has been massively derisked by this first well.

Unfortunately though this is Aim and folk would rather go chasing the next overnight bagger that is probably going to disappoint on Mgt hubris than keep invested in a solid company like this.

One of the things I disagree with PW about is a move to the main list.

[pauliewonder] 30/5/2017 09:53

My buy this morning was reported as a sell

[trulyscrumptious] 30/5/2017 09:47

Some sells are being reported as buys!

[pauliewonder] 30/5/2017 09:43

Wonder if this is going to be one of those shares that just gets taken out because it's far too cheap and the market doesn't get it. It's a cash cow for someone with a big wallet.

[tom111] 30/5/2017 09:31

short termers disappointed with reaction this morning and selling,let them the action will start soon enough with forth coming news pilling up

[dsmith57] 30/5/2017 09:26

Back to where we were on Friday morning. Incredible!

[trulyscrumptious] 30/5/2017 09:24

SP is falling back so they could be sells.

[pb01] 30/5/2017 09:18

Buys seem to be showing as sells. Just bought 11002 at 59.9999

[cashandcard] 30/5/2017 09:09

Soulsauce,


Agreed, 3D has been the game-changer here.


Cash

[soulsauce] 30/5/2017 09:04

Yes cash, and once we get that it might be a good idea to 3D more of the licence.

[trulyscrumptious] 30/5/2017 09:04

neo26. What do you call short term and do you actually know that is going over £1 as a fact? And why does this depend on market makers, I would have thought it depends on buyers outnumbering sellers as market forces determine the share price

[deltrotter] 30/5/2017 09:02

100% agree with that cash and said it a number of times....

[cashandcard] 30/5/2017 09:02

hd,

The underlying value of the field, surrounding 3D covered area and entire block will be worth a small fortune to a midcap or major in a few years. The CPR is required to put some solid numbers to what we've discovered and the follow on potential. I think more will take notice once that is released.


Cash

[neo26] 30/5/2017 08:58

Don't worry guys short term we are headed over £1 now, it all depends when the MMS want to move now..

[hiddendepths] 30/5/2017 08:50

Very few posts here this morning. Day after a Bank Holiday probably means there aren't many people looking at what's going on.


tournesol - I concur with your analysis. The underlying value must have jumped as the risk factor on the field should be reduced.

[keithr39] 30/5/2017 08:47

"DRY" gas is really good news, here are some definitions:

"Natural gas that occurs in the absence of condensate or liquid hydrocarbons, or gas that has had condensable hydrocarbons removed. Dry gas typically has a gas-to-oil ratio exceeding 100,000 scf/STB."

"Gas produced from a well that produces little or no condensate or reservoir liquids. The production of liquids from gas wells complicates the design and operation of surface process facilities required to handle and export the produced gas."

hxxp://www.glossary.oilfield.slb.com/Terms/d/dry_gas.aspx

[neo26] 30/5/2017 08:40

Tournesol good post, very interesting the risk value of SD, maybe they will update it very soon considering we have exceeded expectation on sd flow rates.

[rackers1] 30/5/2017 08:39

it wont be lunchtime - hes eating then.

[ride daice] 30/5/2017 08:38

Is he not on holiday ?

[brasso3] 30/5/2017 08:36

I am sure Malcy will be more positive than some on here. He usually gives his update around lunch time.

[tournesol] 30/5/2017 08:16

Incidentally, the Progressive note referred to above has a table summarising the financials which is well worth looking at

FYE DEC 2015 2016 2017E 2018E 2019E
Revenues (US$ m) 11.4 12.9 59.8 64.6 53.0
Op. profits (US$ m (7.1) (26.5) 38.1 43.8 33.7
Net income (US$ m) 10.1 (28.0) 34.8 40.6 31.0
EPS (¢/share 19.5 (35.0) 18.6 21.7 16.6
Cash flow (US$ m) (5.2) (2.0) 38.9 42.8 36.5
Net cash (US$ m) 8.2 4.7 34.0 66.2 90.6

This says that even without SD-1X the company's operations would generate $90 million dollars by 2019. That is a pretty significant figure compared with a market cap of £90 million at time of publication.

[hiddendepths] 30/5/2017 08:14

Surprisingly muted response to some seriously impressive flow rates, limited only by facilities.