Sdx Energy Share Discussion Threads

[parisv] 17/7/2018 15:22

source article here:

[thegreatgeraldo] 17/7/2018 15:19

That's not obvious from the article above.

[robbiekeane] 17/7/2018 15:12

They are simply buying shares in the Company as an investment.

[thegreatgeraldo] 17/7/2018 15:09

Assume "surrender" s/be "takeover"?

Wonder if it's a loan or are they taking equity in SDX Morocco? We should be told!

[haideralifool] 17/7/2018 15:05

It'd be interesting to see what share price the equity is issued at. Hope it's not at a discount to the prevailing.

[shakeypremis] 17/7/2018 13:44

Seems to be focused only on Morocco too. Hmmm.

[shakeypremis] 17/7/2018 13:40

SDX receives $10m from the EBRD?

hxxps://www.maghress.com/fr/lesechos/168396

I am not aware of this, I am pretty sure this hasn't been announced. Perhaps it's getting announced tomorrow? Here is the translation of the above article;

"The European Bank for Reconstruction and Development (EBRD) is investing $ 10 million in the capital of SDX Energy Morocco , an international oil and gas exploration and production company.
The oil and gas exploration and production company, SDX Energy Morroco, sees its capital grow by $ 10 million. It is an investment of the European Bank for Reconstruction and Development. The signing of the grant of this sum is scheduled for Wednesday in Rabat at the headquarters of the company of British origin. "The purpose of this ceremony is to promote the ambitious development program of our group of British origin in Morocco," said the company in a press release.
$ 40,000,000 turnover in 2017
Today, the international company claims a production capacity of 3,812 boepd (barrels of oil equivalent per day) with a consolidated turnover of $ 40,000,000 in 2017. Concretely, it will be, in the context of this investment, to double the production capacity of the oil tanker whose main activities are concentrated in North Africa, particularly in Morocco and Egypt. In the kingdom, the performances of the foreign company, born from a merger between Sea Dragon Energy and Madison Petrogas, are telling. After the surrender of all Circle Oil concessions in Egypt and Morocco in 2017, SDX Energy Morroco obtained in the second quarter of the same year a permit to explore a Gharb Center well covering an area of more than 1. 362 km2 for a period of 8 years. Recall that in total, the company that currently employs nearly 60 people, holds 3 licenses in the Gharb region."

[wisteria2] 16/7/2018 21:06

They keep on finding hydrocarbon's hooking up and selling the stuff !! sooner or later this will be reflected in the share price. £1.00 by xmas...... just which xmas is the conundrum. gla holders

[shakeypremis] 16/7/2018 12:48

Time will tell if he is right or not. I'll go with what SDX say.

[thegreatgeraldo] 16/7/2018 12:43

Malcy used to work in the industry, albeit sat at a desk. Fair comment about PW's "additional confidence" in hitting the target plateau rate. Malcy then goes off into the realms of wild speculation when he talks about beating that plateau rate.... "by quite a bit"....

[shakeypremis] 16/7/2018 12:32

The Oil Walrus (MGW) regurgitates the latest SDX RNS like it's a nasty off piece of crustacean. However he does think it quite possible that SDX will exceed the production rate of 50mmscf/d from South Disouq.

'More good news from SDX as they announce a successful production test at the SD-4X well at South Disouq in Egypt. The well flowed at a maximum rate of 30.4 MMscfd during an 8 hour clean up period then was shut in for 8 hours with no pressure decline. Then by varying the choke sizes the well flowed for two successive 12 hour periods at average rates of 5.4 MMscfd and 8.6 MMscfd respectively and one extended flow period of 24 hours at 10.5 MMscfd. The well is now shut in for 120 hours then it will be suspended before being connected to local production facilities, in total 23.38 MMscf of gas was produced in the test.
The company has also announced that the acquisition of 240km² of 3D seismic has commenced in the Gharb Centre in Morocco, this should take between 45 and 60 days and will be processed and interpreted in the 4th quarter of this year.
This news from Egypt means that the company’s plan to achieve a plateau of 50 MMscfd of conventional natural gas looks like being easily met, ‘additional confidence’ is the phrase Paul Welch uses and with more drilling ongoing is likely to be exceeded, maybe by quite a bit. The share price, virtually unchanged this morning, does not do justice to what is the firing up of a key part of the company’s strategy.'

[ntv] 16/7/2018 12:17

not so much these days, i have quite a lot of long term positions though to admit i do trade spikes again because the market is not that good at the moment

[thegreatgeraldo] 16/7/2018 11:23

You're just a trader though, aren't you?

[ntv] 16/7/2018 11:05

tgg
one of the reasons i sold the rest out today
pointless RNS before full testing completed
GLA

[rpt_regal_petroleum_buy_now] 16/7/2018 10:57

RPT (Regal Petroleum) - Very much undervalued.

40 million USD cash in the bank
3100 boepd production
VAS 10 about to be hooked up further boosting the above
2 Great drilling updates last 2 weeks
84% of shares in institutional hands. Free float under significant pressure.
Significantly improving outlook in Ukraine for politics and gas and oil prices following new legislation.
40p short term price target based on fundamentals
Share prohets strong buy

hxxps://www.shareprophets.com/views/36976/regal-petroleum-continues-to-perform-strongly-operationally-buy

Company is very much on the turnaround, get in before the herd.

[jinxo777] 16/7/2018 10:35

After a long and painful discussion with myself i decided to sold all of my SDX shares last week - I still believe the shares are massively undervalued but I have lost patience with the performance of the shares - I believe South Ramadam will be a duster and this will tale another 10-15% off the share prices (even though it will have very little impact on the valuation of the company) - there seems to be very little interest in this share (can't figure out why but I am fed up with having a significant amount of cash locked in an under performing stock) - this is not a deramping post - I wish all long term holders the best of luck for the future - I might buy back in when SDX starts to attract more interest and the share price starts behaving in a logical manner - I know I might end up buying at a higher price but I am happy to take the risk - I banked some decent profits on my holding so I am not too disappointed overall!! GLA

[shakeypremis] 16/7/2018 09:54

Back down to 56 before going any higher I think sadly.

[thegreatgeraldo] 16/7/2018 09:52

RNS doesn't really say very much..... somebody in the industry would probably draw some conclusions if they'd given choke sizes for the the various flow rates

[saucepan] 16/7/2018 09:47

Perhaps a cache issue then, but not had that problem before; thanks.

[deltrotter] 16/7/2018 09:44

I saw it straight after 7 as well.

[saucepan] 16/7/2018 09:42

Thanks, tournesol. It appears now, I see, but definitely a glitch earlier.

[tournesol] 16/7/2018 08:34

Saucepan

Investegate was working fine for me just after 7. I had no probs seeing the RNS there.

Have you tried cleared your cache?

T

[saucepan] 16/7/2018 07:57

Thanks captainfatcat. You did well to spot that. There must be a glitch on Investegate as the RNS does not appear in the list of "today's announcements".

There will be a few people who have missed it.

[danieldanj] 16/7/2018 07:55

SDX Energy (SDX) News Out Just Now

[shakeypremis] 16/7/2018 07:54

Good RNS, another successful drill. Not very high flow numbers but still it's all extra cash flow. I think this is why SDX aren't going to be producing more than 50mmscf/d (was supposedly going to be about 57 but that seems to have since been revised downwards a bit);

"The well flowed at a maximum rate of 30.4 MMscfd during an eight hour clean up period and was then shut in for eight hours, during which time no pressure decline was observed. Following this, by varying choke sizes the well was flowed for two successive 12-hour periods at average rates of 5.4 MMscfd, 8.6 MMscfd respectively and one extended flow period of 24-hours at an average rate of 10.5 MMscfd."