Sdx Energy Share Discussion Threads

[lauders] 02/11/2017 13:11

The new support here looks to be around 50p. Keeps bouncing off this level, around five times now. With news due in less than 30 days I hope we leave this area behind and go higher at that time at the latest. Hopefully it will be good news. If not then this level or lower will probably be reality.

[rich73] 01/11/2017 13:19

Hmmm, the graph in the header is beginning to look rather familiar to the trend set through the last agreed fund raising. Range bound with mid point 51.5p. I would say a round 50p if anything is going on in the background.

That's not a de-ramp, its just an observation. I loaded up here after the COP deal with the cash from the IAE take-over and haven't traded anything. As tgg mentions if another COP style deal presents itself, then great, but I did expect the share price to be beyond this level when I bought in. Still 2018 looking good here.

[thegreatgeraldo] 01/11/2017 12:43

Testing first, reserves report follows!! Early indications were that Rabul-2 may add circa 2mmbbls to reserves. I'd guess that KSR-14 may add 2-3bcf

[shakeypremis] 01/11/2017 12:39

I know they are still testing them. I am just saying, getting news on reserves will be a great help here.

[thegreatgeraldo] 01/11/2017 12:31

They're still testing the Rabul & the Morocco wells!! Or are at least getting ready to test them. How did you miss the news on SD-1X?

[shakeypremis] 01/11/2017 11:49

I want to know what Rabul-1/2, the new Morocco well and SD1-X do for the reserves of this company. I know we aren't expecting news on any of those any time soon but I think it will be helpful in helping the share price get a move on. More reserves equals a more valuable company.

[thegreatgeraldo] 01/11/2017 11:44

shakeypremis
1 Nov '17 - 09:26 - 4649 of 4650 0 0
Wouldn't know it at SDX though. Need some news on reserves.


Eh? What news are you looking for?

[darola] 01/11/2017 11:19

Think it's going to take real numbers to get this moving, clearly the probability, forecast and opportunity have no influence!

[shakeypremis] 01/11/2017 09:26

Wouldn't know it at SDX though. Need some news on reserves.

[shakeypremis] 01/11/2017 03:38

Crude now through $61!!!

[thegreatgeraldo] 31/10/2017 10:57

Either that or get the chequebook out & ST it...

[goldieshotz] 30/10/2017 19:46

Geraldo, forgot to mention, my idea for that well is to bullhead it again and run coil and use nitrogen to lift the gunk out, not sure theyve ever tried it, that being said im no reservoir engineer

[goldieshotz] 30/10/2017 19:44

Cant say where i work, just its in the north sea.That particular well will be looked at later down the road once the rest of the newer better produces are fixed.Suffice to say it is a shame when you work along side wells that produce well and are ruined by a dodgy operator/well service tech or a dodgy drill crew.We had a decent gas well that somehow had its actuator springs snap on its tree valve during routine maintenance, when the service tech repaired it, it took nearly a month for the well to flow properly again.Its the reason why the expression touch f'all comes to mine, some wells simply do not like to be messed with.Seen it too much, worries me a bit for companies sdx/rkh who need to start repairing and reworking old wells, they produce now and they could produce more but make a mistake and theyll produce nothing. Diversity with plenty of producing wells/reservoirs is key.Touch wood the esp campaign at meseda goes well without a hitch.

[thegreatgeraldo] 30/10/2017 10:26

Goldie - try the old fashioned approach on that well, just lob loads of gelli down the well!

[captain james t kirk] 30/10/2017 06:46

Sorry you are not interested in the offer but do keep posting. It's great to have someone on the board working at the sharp end (getting their hands dirty) and who can impart their knowledge to the benefit of us mere mortals.
If you are allowed to say or want to, where are you working.

[goldieshotz] 29/10/2017 23:39

Like being in ops too much getting my hands dirty. But thanks for the offer kirk.Oh and speaking of pressures, weve got a well that has a downhole pressure of nearly 400bar after a recent re-perf to open up a lower reservoir for production, surface tubing pressure of nearly 250barg, open the choke and it drops like a stone and is like a fart in a pipe. Wireline says the perm is good, so why doesnt it flow? The well is over 15 years old and has never flowed or been cleaned properly because it never flowed after first being drilled to clean it out, the wellbore fluid and chems have mixed to cause a sludge which slowly over time lets gas up the tubing to give the impression it will flow.It never does. Tis one for the reservoir engineers, just goes to show how a beast of a reservoir can be screwed by a simple mistake with drilling mud and chems.We have another well that has had an archive surface pressure of 170bar but one day dropped to 1bar then a month later out of the blue goes back to 170bar, no-one can explain it.So the lesson here is that no matter what the data from a wireline says until a well is proven to flow and consistently flows for every quarterly report on expectation do not count your chickens

[captain james t kirk] 28/10/2017 07:21

goldieshotz
Now why didn't Spock know that.
Interested in a vacancy for a science officer ? :)

[neo26] 27/10/2017 22:57

This is my favourite stock, let's see in 3 years if sdx is valued at $1bn.:-)

[plentymorefish] 27/10/2017 21:22

Damn, I was just about to post that!

[kaos3] 27/10/2017 17:47

I do not come from oil but from biology. a water drop rises in a tree tube with a speed of 4-44m per hour. it is about pressure differential and about surface tension of a drop. and a very special "tube" construstion. too much dirt - it does not flow. too much speed - it does not flow. too much vicosity - it does not flow etc.

40m high tree has 4 bar pressure differential - 2 times tires.

and it lifts huge amount of water and minerals. it needs its own time and speed (specially in a fractured basin, tight sands etc)

[goldieshotz] 27/10/2017 13:53

Cpt kirk, work in operations offshore, the term is a bit muddled but usually involves flowing the well to a cleanup seperator onsite to remove cuttings/wellbore fluid and break the vaccuum on the bullhead, suffice to say it goes like a f'n train as you have a huge dp across a largely open choke and you need pump hydrate preventors into the tubing at first to prevent it from seizing to flow.Once its cleaned up you bang it into production or permanant test seprator with the choke gagged back to prevent damage to the reservoir downhole, especially important if youve got plugs set at deeper intervals that are higher pressure or water wet as they can cone or bullhead the gas from rising. If you drop the pressure too much too early you can dislodge these plugs and have to go back into the well to replace them to get the well to flow properly again.Its time consuming process takes a good few days start to finish, usually involves the well being shut in several times to check tubing pressure build up and rig down of temporary chicksan.

[captain james t kirk] 27/10/2017 09:41

My first pair of flares were bought in France in 1970.
Quite a few decades ago :)

[thegreatgeraldo] 27/10/2017 09:37

Captain,

Flares are soooo last decade....

[shakeypremis] 27/10/2017 07:59

Flow test maybe???