Sdx Energy Share Discussion Threads

[haideralifool] 12/4/2018 07:20

Lol we might get more colour on this result via youtube.

[brasso3] 12/4/2018 07:18

Nice RNS! :)

[hiddendepths] 12/4/2018 07:15

Phew! I was just a teensy bit nervous about this well. There was plenty of concern about South Disouq that developed after the initial find, when the resource figures were released. Hopefully those worries will start to dissipate now.

Would have been nice if they'd added just a single line to the RNS about what's happening at LNB-1.

[haideralifool] 12/4/2018 07:11

FWIW Edison had risked Ibn Yunus at 41% and the risked value was 4.1p. Kelvin was given a similar risking and valued at 4.4p - so perhaps the risking for that could be reduced in light of these results.

[haideralifool] 12/4/2018 07:08

well well well, who'd have thought that Ibn Yunus results would precede Lalla M?

"The Ibn Yunus-1X well was drilled to a total depth of 9068 feet and encountered 100.8 feet of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%. The well came in on prognosis but with a reservoir section that was of better quality and thicker than pre-drill expectations.

The well will be completed as a producer in the Abu Madi section and then tested after the drilling rig has moved off location. The testing is anticipated to commence between 30 and 45 days after the rig departs, depending on the availability of testing equipment. After a successful test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SDX discovery in the basin, SD-1X, where production start-up is anticipated in the second half of 2018."

Curious that they did not have testing equipment sorted out before the drill began.

[neo26] 11/4/2018 18:56

DarolaI dont think so, over 2000bopd at nw gemsa, near 1000bopd at meseda.

[haideralifool] 11/4/2018 15:55

Volume looks a bit lively.

[darola] 11/4/2018 15:47

We mostly produce gas? At a set rate?

[pjj71] 11/4/2018 15:22

my concern is that this continues to tank against a rising oil price..

[darola] 11/4/2018 15:10

My concern is that share price normally responds ahead of the RNSs if it's good news. And we're ticking down again....

Might just be because the news is delayed so there's nothing for the internal workings of the market to respond to..

[lauders] 11/4/2018 13:45

Hmm indeed! SDX are usually not so far off on their timing. Wonder what is going on! Sure hope it is positive rather than the opposite.

[neo26] 11/4/2018 12:01

Day 22 and still no results from Morocco? Hmmmmmm

[lauders] 07/4/2018 02:48

Monday will be day 20 since the spudding announcement re: the LNB-1 well on the Lalla Mimouna permit (SDX 75% working interest) in Morocco.



Let's hope it is a good Monday if that RNS appears!

PS - Courtesy of "Mr.B" over on the LSE board:

In its initial plan, PSA Kenitra was supposed to be operational by 2020, with an annual output of roughly 200,000 cars. However, at yesterday’s press conference, the Minister of Industry, Investment, and Commerce, Moulay Hafid Elalamy, announced that the Kenitra plant will be operational in 2018, stating that all the requirements were met earlier than expected.

“The project is ahead of schedule. The two Kenitra plants have already been built and are now undergoing trial operations,” the minister said, adding that the factory’s first motor was built and sent to France where, after undergoing series of diligent trials, it gained “all the required validations.” He also mentioned that the project already has 1,500 engineers and qualified workers, a number which the minister said is “a bit above what PSA asked for.”

[the drewster] 06/4/2018 12:14

I have a hunch the price action will tell us what's been hit before any RNS.

[goldieshotz] 06/4/2018 10:19

Ive a hunch theyll announce gas in the upper targets prior the 30 days before continuing on to the main ibn yunus abu madi-4 or 5 or 6 interval whichever it is

[thegreatgeraldo] 06/4/2018 10:16

If they don't find a decent amount of gas with Ibn Yunus, it would suggest that they've got their interpretation of the seismic wrong & don't have a scooby. Given the amount of work they've done on the seismic, crucially, with the benefit of the SD-1 well results, I'm assuming they're now on the right track...... as ever, time will tell.

[shakeypremis] 04/4/2018 12:27

Indeed it is. We just have to hope SDX do hit gas but if they don't then I shudder to think what might happen to the share price short term.

[griffin81] 04/4/2018 12:02

When there is zero interest prior to potentially big news, that's usually the best time to buy :)

[shakeypremis] 04/4/2018 11:35

Absolutely zero interest here. If SDX hit gas at Ibn Yunus, hopefully interest will start to pick up then. Results from the latest Morocco spud should hopefully land next week too.

[griffin81] 04/4/2018 11:10

20 days until news on the Ibn Yunus spud, which is a large prospect in its own right, and de-risks the much larger TCF potential of the licence area. It's very quiet here considering.

[neo26] 04/4/2018 09:14

Raise it in the morning and drop it in the afternoon.

[neo26] 03/4/2018 15:37

the strange thing is even if they find gas in the exploration well in morocco it still will not increase the price?

But should it not be commercial the price will fall..

DOnt know whats wrong with company..

[thomasthetank1] 29/3/2018 08:55

All - good piece on SDX in AfrOil. Weblink is: hxxps://newsbase.com/publications/afroil-africa-oil-gas

SDX Scores Heavy Oil Strike

SDX Energy's North African business is gathering pace, with a heavy oil discovery announced in Egypt on March 14 and a gas find in Morocco on March 9.

The Rabul 5 well, in Egypt£s West Gharib concession, was drilled to 1,609 metres and found 46 metres of net heavy oil pay, in the Yusr and Bakr formations, with porosity averaging 18%.

SDX said evaluation on the find was continuing and that it expected to complete the well as a producer, connected to the Meseda central processing facilities. Once this well has been completed, a second appraisal well, Rabul 4, will be drilled on the field.

"We are pleased to continue our recent run of drilling success with this oil discovery at Rabul 5. This well encountered the thickest section of pay sands seen in the Rabul area to date, demonstrating the significant oil potential contained within the licence,£ said SDX£s CEO, Paul Welch. £We have further drilling activity planned for the concession over the coming months and we firmly believe that these activities will enable us to increase output from the licence and achieve our ambitious production plans for 2018.£

SDX announced the Rabul 2 oil discovery in October 2017. This well found 31 metres of net heavy oil pay in the same two formations, with porosity of 20%. This was drilled as an offset to the Rabul 1 well, which was drilled in July 2017, and found 4.4 metres of heavy oil pay in the Yusr sands.

In an operations update in mid-February, SDX said it had signed a contract with Sino-Tharwa Drilling for the ST-6 rig, to work on the Ibn Yunus-1X exploration well. This was due to be spudded in mid-March, on the South Disouq licence. This will be followed by two appraisal wells at the SD-1X find, before moving on to the Kelvin-1X exploration prospect.

The Ibn Yunus-1X and Kelvin-1X wells are targeting up to 4.2 bcm of gas, the company said, and could be tied back to the SD-1X processing facility.

SDX had announced the SAH-2 well, in Morocco, shortly before. The well, drilled on the Sebou permit, reached a total depth of 1,304 metres, finding 5.2 metres of natural gas pay, with 33% average porosity. This was the fifth find, of seven wells drilled, in the Moroccan campaign. There are two more wells to drill, with LNB-1 next.

[haywards26] 28/3/2018 13:53

I have topped up today and doubled my holding here. Much operational progress has been made over the last few months, yet no share price progress.

Value has to out eventually, especially if they continue increasing their reserves and profitability through increased production and increased gas/oil prices.