Sdx Energy Share Discussion Threads

[11_percent] 22/5/2018 08:04

That opening drop was a bit overdone....

[plentymorefish] 22/5/2018 07:52

Well the RNS is on London Stock Exchange website so all good. It must be an issue with the advfn feed

[griffin81] 22/5/2018 07:48

It is a shame Kelvin didn't come in (at least not that part of the structure), but in context, any dip today should be short lived with two further appraisal wells due next and production remaining on track to double by the year end from discoveries already made. SDX remains the largest part of my portfolio.

[bountyhunter] 22/5/2018 07:47

Yes it's such a rarity for a drill not to result in a commercial discovery for SDX! ;-)

[haideralifool] 22/5/2018 07:40

I guess they're a bit embarrassed.

[phowdo] 22/5/2018 07:35

RNS not showing on advfn:

[haideralifool] 22/5/2018 07:22

Yep a duster.

...drilled to a total depth of 8075 feet, encountering 606 net feet of high quality reservoir interval in the Abu‐Madi formation with an average porosity of 21%. However, the sands had low gas saturation and were not deemed to be commercial...

but ... Further potential exists within the current structure but in a location that could not be reached by side-tracking the well from the Kelvin-1X location.

and ... After we have completed the appraisal drilling and established initial production we plan to commence a further exploration programme that will target both the remaining potential in the Kelvin structure along with the deeper oil potential within the block...

In the conference call he mentioned going after the oil in early 2019 (Q1?), so perhaps he means they'll attack Kelvin then?

[plentymorefish] 22/5/2018 07:12

Not sure where the RNS is but Kelvin is being reported as none commercial on SDX Energy's website

[potential] 21/5/2018 22:06

A nice 55k buy at close!!!

[thegreatgeraldo] 21/5/2018 14:54

Sponge day in Canada today......mmmmmmm....how civilised.

[jinxo777] 21/5/2018 10:06

I am going to add another 50K shares if it drops to 70p!!

[jinxo777] 21/5/2018 09:54

so all technical traders should be piling in, right?

[ifthecapfits] 21/5/2018 09:47

Good stuff Pillion.

[pillion] 21/5/2018 09:39

Genuine Gold Cross in place

[shakeypremis] 19/5/2018 09:38

Yes, certainly worth multiples of a few pence.

Moroccon gas contracts are exceptionally lucrative. I wonder how much more gas there might be in the two northern areas around the two drills LNB-1 and LMS-1. Time will tell I suppose.

[griffin81] 19/5/2018 09:18

Correct, the NPV value is on an non-discounted basis, however my point is that it's worth substantially greater than a couple of pence to the share price There is still much further for this to rise. Interesting comments during the Investors call yesterday that SDX could potentially link the two northern discoveries to local companies in the region, they must have confidence this has opened a new play.

[shakeypremis] 19/5/2018 09:02

Hi Griffin, you are right the two Morocco drills are worth about $150m to SDX but only if they can monetise it (ie. sell the gas to customers) and we haven't had the flow rates from either yet either have we. For what it's worth I am 99% sure SDX will get the customers and will ultimately sell them the gas. Additionally it's worth noting the $150m would be realised over quite a number of years so probably won't be fully reflected in the share price. If someone wanted to take over the company right now though they would have to account for some of this extra value in the price they offered.

[griffin81] 19/5/2018 08:33

I don't think the market has worked out yet, the last two drills in Morocco alone added $150m NPV to SDX. I'm sure this will be pushing higher very soon with the outcome of the Kelvin drill due in the coming days.

[jinxo777] 18/5/2018 16:06

we were saying the same things when the share price was stagnating between 40p and 50p - value will eventually be recognised. I have added another 50K shares in the last few days - I can;t see any better value elsewhere at the moment. Have all a great weekend - I think next week will be good for us.

[rachael777] 18/5/2018 14:49

ok i should add I had to buy more - seems rude not to!

[rachael777] 18/5/2018 14:47

Not sure what I am missing but the share price reaction is underwhelming to say the least - anyone would think the rns news for the last month had been duster after duster.

[neo26] 18/5/2018 14:43

Lets wait for new broker notes.

[hopeful holder] 18/5/2018 12:47

I'm not a clever chap but I bought these on the last spike and now even on that trade. From the presentation I have added some more as the company appears to be well run and further potential existsGood luck all