Sdx Energy Share Discussion Threads

[griffin81] 16/11/2017 11:02

There is so much talk on these boards currently about share price manipulation and another placing must be on the horizon. At the PI event last month Paul could not have been more direct, both to the audience during his presentation, or to me afterwards during a 121 chat. The company is well financed and cash generative. They will not raise any further funds this year or next unless it's to make an acquisition which adds value. Period. He looked me directly in the eye, and I trust him, hence why I continue to accumulate. He was surprised the share price hadn't moved higher following the recent positive news, however he can't control an Institution deciding to change its portfolio or lock in profits. This isn't manipulation, it's simply an II selling into the spikes, above 50p. When they are completed....The cash raise was simply to accelerate and expand the opportunity in SD and there is an urgency to undertake this to ensure the facility is the correct size. Drilling commences there next month. This opportunity arose following the inversion work completed since SD-1X was drilled, and is set out in the latest presentation. It's this work which has led to an internal estimate of the 1.5 to 2.2 TCF of gas in the current SD area covered by 3D. Separately, I bumped into a good friend yesterday at Gatwick and we had an interesting catch up. He specialises in policy around Westminster and we both sat on the board at my previous company. We are both invested in the Oil sector. His belief is that there is further instability expected in the Middle East between Saudi and Iran, with an expansion due in the current proxy wars being undertaken which is likely to drive the POO higher. Aramco has no intention of listing whist crude is in the 60s and Saudi actions will drive the price upwards. He is extremely well networked and cautious with his investments. He has placed a significant portion of his portfolio into oil in recent weeks. His views echoed my own although confirmation bias can always be an issue, so will be interesting to see how this plays out, that said, the current rises in the POO have yet to be reflected in the share price at SDX at all.

[parisv] 16/11/2017 10:15

yep plus quarterlies due next Friday.

[thelung] 16/11/2017 09:55

The previously drilled KSR-14 well has been connected to the existing infrastructure and it is anticipated that testing will commence this week. Those test results will be reported in a separate release when available.
_________

buying opp?

[shakeypremis] 16/11/2017 09:48

Sub 50p. Seriously.

[ileeman] 15/11/2017 18:31

Yea but considering this hasnt risen with oil and gas at all the last few weeks or so, small dip in oil and gas should not effect it.

Obviously just a case of seller finishing which is currently providing a great buying op.

[hiddendepths] 15/11/2017 16:55

Nasty, vicious drops in many oils today, for no good reason I can see.

[ileeman] 15/11/2017 16:53

Crazy drop considering recent news.

Bought another £30k today.

[shakeypremis] 15/11/2017 11:07

Apologies if common knowledge but looks like gas from SD will be sold at around $4 per mcf. A rather nice premium to current market price and also current price the Egyptian government are paying.

[neo26] 14/11/2017 16:24

Not bothered about daily fluctuations in this for the long term where the value will come out.Foundations are being set and now will be making even more money...

[tli8jaguar] 14/11/2017 16:07

Plenty of buying in Canada yet the share price is down.

[soulsauce] 14/11/2017 15:44

Tgg that is my understanding.

[captain james t kirk] 14/11/2017 14:53

I note that even at 6th October SDX had them as holding nearly 4.5 million shares.
ps Thanks to you also for initially flagging up the SD oil exploration situation.

[thegreatgeraldo] 14/11/2017 14:49

29.9% is the limit, surely?

[tigris72poo] 14/11/2017 14:42

MEA must be getting very close to 19.9% and will not be able to buy more. That might explain the weakness as some funds that bought early this year and have big gains may be cashing in to crystalize them. As of October 31, GLG Partners UK had sold 2,762,500 shs and had 975,719 left.

[shakeypremis] 14/11/2017 14:03

I am sure we will see MEA pick up more shares again in the next few days/week.

[captain james t kirk] 14/11/2017 13:23

Griff
Thanks for confirming the SD oil prospect situation.
Hasta luego :)

[griffin81] 14/11/2017 13:18

I returned to my hotel last night after a great day walking around Chichen Itza, to the excellent news from SDX. 100% success rate so far this year, 5 successes from 5 drills. The testing from the wells will be interesting, but it appears KSR14 & 15 have already achieved what SDX was hoping to gain from 4 wells, excellent stuff! TLK is correct, the Egyptian Authorities require SDX to undertake the oil drill in SD as a separate drill, which PW stated will be undertaken in 2018 shortly after the 4 gas wells have completed. The first SD gas well is expected to Spud next month. Surprised at the drop so far today, clearly bonkers in light of the success SDX keeps achieving. Currently non of the discoveries at SD, Rabul-1&2 and KSR14&15 are included in the share price. When this does break 55p, the rise afterwards should be impressive. The broker forecast is 83p, and that didn't include the latest discoveries.

[pjj71] 14/11/2017 13:00

something very wrong here.. taken a big SHORT

[soulsauce] 14/11/2017 13:00

Looks like the pennant still has to play out and yesterday's news was a minor distraction along the way.

dsmith yes very annoying but its will rerate the timing is just the issue.

[cwmwillis] 14/11/2017 12:59

This Stinks!!

Losing faith rapidly!!

Cheap & Chips is getting cheaper.........

[novicetrade68] 14/11/2017 12:59

CF pushing down the price again, just like they do with a lot of other shares too at the moment. Why is it always them.

[dsmith57] 14/11/2017 12:56

5.9% down. Lost for words!

[thelagerkhan] 14/11/2017 07:30

Tigris is correct, this information was given at the recen5 Proactive event, the reason was that the government would not give them credit as an exploration well and they have decided to d4ill SD Deep instead, which is 5 km away, early next year.

[captain james t kirk] 14/11/2017 07:27

Tigris
What makes you believe they have changed their plans for the oil prospect within the past 4 weeks or so.
If they go deeper on the second development well and the integrity of the well bore is not compromised, there shouldn't be a problem.
On SD1, they ran into difficulties and stopped. Surely the same will apply in future.