Sdx Energy Share Discussion Threads

[9tintin] 30/5/2017 19:51

Disappointed with the market's reaction to the news of a well that has cost SDX a pittance, not sure what exactly was so negative in the RNS,,,,,,,,,,,,,,,,,,,,,,,,,,,,,

I'm up to my arm pits in this share so have not taken any more, but I would have done so otherwise.

I await the re-rate

tintin

[griffin81] 30/5/2017 16:14

The latest news from SDX is excellent and I am pleased to have accumulated further. It is days like today which highlight the irrationality of markets, the share price should be up considerably on this news. With half the UK on holiday this week, I'm sure the price will begin climbing to more appropriate levels when everyone returns from the half-term break.

[greenrichard] 30/5/2017 14:51

Can buy at the bid price atm

[hiddendepths] 30/5/2017 14:41

Fair enough tournesol, but he did make it clear that he was pretty sure that wasn't an issue!

[tournesol] 30/5/2017 14:28

Neo

to be fair, what I think I heard PW say was that the flow rate was commercial but we need to confirm that the volume of the resource is commercial. That means we need the CPR, so still a little previous to say "it will prove commercial"

[neo26] 30/5/2017 14:21

Its interesting what he said in that interview he said the well wanted to give more. This is great news hoping over the coming days and week this will rerate.Flow rates are excellent and the volume of the structure will prove to be commercial.

[hiddendepths] 30/5/2017 14:03

Bought three times today (different accounts) and each one has been below the mid price and reported as a sell. Clearly there's a seller which is why the share price move has been modest. Useful chance to accumulate with risks clearly lower than they were last week.

[tom111] 30/5/2017 14:01

And the share price just slipped lol unbelievable

[tom111] 30/5/2017 13:59

good find dt thks

[thomasthetank1] 30/5/2017 13:58

Upbeat interview with Paul Welch, CEO of SDX Energy, on Proactive:

[...]

[neo26] 30/5/2017 13:56

commercial rate and we believe it will be commercial volume, that's good enough for me...

SD will start to get valued in share price now...

[deltrotter] 30/5/2017 13:50

Hot off the press - PW:

[pauliewonder] 30/5/2017 13:38

I'm same, think HUR is great but probably going a bit lower by the looks of things. Sdx is a great place to be though

[pauliewonder] 30/5/2017 13:36

It seems this is a place for those disappointed by events at HUR.

[puzzler2] 30/5/2017 13:33

FWIW, I now have 8.5% in SDX, having freed up some cash by selling out of HUR.

[jeffcranbounre] 30/5/2017 13:19

SDX's chart was discussed and annotated by technical analyst, Nicola Duke today. You can hear the podcast & see the chart here>

[bountyhunter] 30/5/2017 12:35

interesting tournesol; I made a similar partial switch a while ago intended to reduce risk as I had become overweight in hur

[soulsauce] 30/5/2017 12:28

Agreed tournesol good post.

[tournesol] 30/5/2017 11:40

IMHO today's news means that we are entitled to draw the conclusion - albeit unofficially - that SD-1X is commercial.

Management said at the AGM that they expected it to be commercial but needed to test in order to confirm that.

Today they said that testing has exceeded their expectations.

1+1=2

Taking that in conjunction with the previous comment, can really only mean one thing, it seems to me.

Of course they stopped just short of an official declaration of commerciality, but I think it is possible to overdo the caution. It is hard to envisage circumstances in which SD-1X will turn out to be non-commercial

Today's restrained price action is the market offering a terrific opportunity for people to load up at a significantly improved risk/reward ratio.

I had already exceeded my 5% maximum but recently switched my 5% holding in Hurricane, so I'm now around 12% in SDX. Otherwise I'd be buying more. In fact I still might…...

[cashandcard] 30/5/2017 10:33

thomasthetank1,


Thanks! Like this bit;

"In our opinion, this is an exceptionally strong initial flow rate from the recent gas discovery, and SDX will look to test the lower Cretaceous oil system"

Encouraging.


Cash

[thomasthetank1] 30/5/2017 10:30

Hi guys - thought you might like to see WH Ireland and Cenkos Securities positive take on this morning's announcement.

WH Ireland

SDX Energy (SDX LN) – SD-1X Flow Rate
The SD-1X well at South Disouq, Egypt (SDX 55% & operator) flowed dry natural gas at a stabilised rate of 25.8 MMscf/d (4,300 boe/d) on a 48/64" choke, and was limited by the surface facilities. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken. SDX will now aim to bring the discovery into commercial production as soon as possible. In our opinion, this is an exceptionally strong initial flow rate from the recent gas discovery, and SDX will look to test the lower Cretaceous oil system. The shares in Canada closed +10% (to the equiv. of 61.4p) following the news.

Cenkos Securities

SDX Energy ↑ (SDX.L, 56.75p, £106m) said the flow test of the SD-1X well at South Disouq in Egypt flowed at 25.8mmcfd on a restricted choke. This strong performance exceeded mgmt. expectations, and supports view that the discovery is commercial. Planning has commenced to bring the well onto production. This is a significant step forward for SDX, and opens a new basin for development. The discovery will add substantial new resources to the company, and there is still nearby oil potential given the discovery of a working oil system in the deeper cretaceous interval (albeit not commercial at SD-1X). Positive

[cashandcard] 30/5/2017 10:23

Rich73,


There are gas treatment facilities in this Abu-madi Baltim trend, used by others including BP, ENI, Dana etc, liquids are separated prior to gas sales:


20-07-2015

"The new discovery (Nooros) will be put into production in two months’ time through a tie-in to the existing Abu Madi gas treatment plant, located 25 kilometers south-east.

Eni, through its subsidiary Ieoc Production BV, holds a 75% of working interest in the West Abu Madi development lease, with BP as a partner with 25%. Petrobel, equally owned by Ieoc (50%) and EGPC (50%), is the operator of the concession"





Cash

[a0469514] 30/5/2017 10:20

Look, it's all a bit irrelevant if a few buys and sells are reported incorrectly. The fundamental fact is that the market makers set the price to match the number of buyers and sellers, and on the whole, they are very good at it. So, whilst 90% of people on here, including me, probably think that SDX is screaming buy at this price, the fact remains that 50% of the whole investing community thinks it's a sell. Astonishing in some ways. Perhaps we know more than them. I guess it needs people like Malcy and some annalists to point them in the right direction. However, when the share does eventually rerate, the buyers, like me, will be very grateful that the misguided sellers held the price down for now, allowing us to top up at a bargain price.Xylos

[rich73] 30/5/2017 10:07

tgg,

Spot on. They will already have a good idea about condensates but fluid samples will confirm definitively and therefore any information release on such should rightly come after sampling. I suspect the RNS was to quickly release information on a successful flow test before any leaks to the market during further testing.
I am taking dry gas to mean not water saturated so surface dew pointing (maybe) not required before injection into pipeline. This raises a point; can anyone enlighten as to whether there is a central facility downstream in the network for gas conditioning / condensate extraction, or do we need to build facilities at SD?