Sdx Energy Share Discussion Threads

[griffin81] 05/10/2017 10:11

Absolutely Someuwin. Although I'm happy for Them to have as many secret drilling campaigns as they like as long as they all discover black gold. At this rate, Edison are going to have to employ a bunch of analysis's full time, just to revise up the NAV for SDX on a weekly basis.

[someuwin] 05/10/2017 09:21

I wonder how many other wells they're drilling that we don't know about.

[dsmith57] 05/10/2017 09:19

Great update. So where does that leave us?. Oh yes, back where we were about a week ago when we hadn't found any oil!!

[cashandcard] 05/10/2017 09:15

Well well well, missed the fact they were drilling here at all. A welcome surprise, I wonder how well it flows and what the API is likely to be?


Cash

[griffin81] 05/10/2017 08:22

Update from Malcy:SDX EnergySDX has announced an oil discovery at Rabul 2 in the West Gharib concession in Egypt. The well encountered 101.5 feet of net heavy oil pay across the Yusr and Bakr sand formations. The company expects the well will be completed as a producer and connected to central processing facilities at Meseda.Paul Welch President and CEO said 'the well came in ahead of expectations and the ultimate potential will be better understood once the well is completed and tested'. This is a great start to an extensive drilling programme in Egypt and Morocco and stamps SDX as one of my favourite stocks in the sector.

[potential] 05/10/2017 08:21

Just topped up more :-)

[potential] 05/10/2017 08:17

Defo new play

[griffin81] 05/10/2017 08:15

This is great news, and hopefully the start of a well overdue rerate. I have somehow completely missed that SDX had a drilling campaign in the West Gharib concession. I wasn't expecting this, but delighted with the news. Looks like this is the first of possibly three positive RNS updates to land this month :)

[soulsauce] 05/10/2017 08:02

Yes Puzzler have edited.

Good start. Sounds like this could be a new play.

[soulsauce] 05/10/2017 08:01

Was it all part of the Maseda workover's?

[bushman1] 05/10/2017 08:00

Thanks goldieshotz. 17 - 20 % heavy oil.

[puzzler2] 05/10/2017 08:00

feet, not metres.

[shakeypremis] 05/10/2017 07:59

It's around here for anyone that's interested.

hxxps://geographic.org/geographic_names/name.php?uni=-475732&fid=1627&c=egypt

[shakeypremis] 05/10/2017 07:56

This was all totally unexpected wasn't it? Did anyone have any idea at all they were drilling at Rabul (wherever that is?!?!).

[soulsauce] 05/10/2017 07:54

So Rabul1 found net pay of 14.5ft and Rabul2 has found net pay of 101.5ft. That is some uplift. Be interested to see Malcy's comments.

[deanroberthunt] 05/10/2017 07:45

this is one just to leave alone and check it out in 3-5 yrs, when it's 10-20 bagged.....

[goldieshotz] 05/10/2017 07:45

North end of the meseda license.Had a p10 of 5mmboe in may 2016 presentation.

[soulsauce] 05/10/2017 07:42

Well that's a nice surprise get in.

[bushman1] 05/10/2017 07:32

Where was Rabdul 1 well drilled and how heavy was the oil there ? I can't find any detail. Many thanks.

[tli8jaguar] 05/10/2017 07:29

No, didn't even know they were drilling there.

[shakeypremis] 05/10/2017 07:20

Well that explains the dodgy share price action.

They also found oil in the same place earlier in the year in July too? Did that get announced?

[brasso3] 05/10/2017 07:12

SDX just drill holes and find hydro-carbons. Its just what they do! :)

[darola] 05/10/2017 07:05

RNS out, more oil discovered! Hopefully see a nice step up today.

[11_percent] 04/10/2017 16:12

I can't buy, not even £1000 worth.

[basem1] 04/10/2017 13:08

Accumulating stock for a buy order. Spread for 20000 shares online is 49.75-52