Sdx Energy Share Discussion Threads

[tournesol] 25/7/2018 16:53

"...They've barely scratched the surface with their FIRST drilling campaigns…"

no wonder the share price has not taken off. Aren't they supposed to go a bit deeper?

[shakeypremis] 25/7/2018 16:51

They basically hit with every drill (about 80% or something). That is a phenominal track record and I am inclined to stick with them for further successes. The potential in South Disouq and Morocco is also very large too. They've barely scratched the surface with their FIRST drilling campaigns in both areas. Much more to come I think.

[tournesol] 25/7/2018 16:49

dsmith57 I'd like you meet basicinvestmentconcepts

basicinvestmentconcepts this is dsmith57


ds57 - you two have obviously never been introduced so I thought this would be a kindness

[shakeypremis] 25/7/2018 16:47

While it really is sodding annoying and I do tend to agree that this is being manipulated (not really sure why though), money parked here is not wasting away. It is waiting for an enormous payday. One which is about as much of a sure thing as you are likely to get on AIM or anywhere else for that matter. SDX have done nothing but deliver.

[shakeypremis] 23/7/2018 10:52

Oilandgas1, most of the additional production that is going to bring SDX up to their end of year target rate is going to come from South Disouq which is not yet producing at all. So no, SDX have not yet doubled their production rate.

Yes the chance of oil at SD is still very much on the cards, in fact an oil prospect has been identified for drilling next year. I am not sure if it's the SD-1X Deep prospect that was attempted last year (I don't think it is but can't remember off the top of my head).

[oilandgas1] 23/7/2018 10:42

Cash flow pcm: $3.5m + Ramp up by Qtr.

Should be about 4-5M pcm by now?

[oilandgas1] 23/7/2018 10:38

Does anyone know what the current gas and oil production rates are for SDX,they were approx 3857boepd at dec17, with all the drilling success this year, it must have nearly doubled by now , is it all hooked up except for the recent discoveries?

Also is the chance of oil at SD still possible?

[thegreatgeraldo] 23/7/2018 09:08

Guessing, the bulk of the pay is in the Abu Madi.

[onlyroadtoheaven] 23/7/2018 08:29

Probably the only investment I hold where I have 100% faith/trust in the company. A well run business - the share price will come good soon.

[hiddendepths] 23/7/2018 08:23

Everyone on holiday so no reaction?

Looks good to me!

[danieldanj] 23/7/2018 08:13

Watch SDX Energy (SDX) closely on new gas discovery

[11_percent] 23/7/2018 07:34

"As demonstrated by the Ibn Yunus discovery earlier this year, the Kafr el Sheik horizon is an excellent quality productive sequence.  The SD-3X discovery has confirmed that this horizon is extensively present throughout the concession."

====================

Looks like the SD reservoir is large....but I guess we knew this.

[saucepan] 23/7/2018 07:34

Excellent news to start the week.

[11_percent] 23/7/2018 07:32

23 July 2018
SDX ENERGY INC.
 
("SDX" or the "Company")
 
Gas discovery at SD-3X well, Egypt
 
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce that a gas discovery has been made at its SD-3X well in the South Disouq Concession, Egypt (SDX 55% working interest and operator).
 
The SD-3X well was drilled to a total depth of 7,842 feet and encountered 32.6 feet of net conventional natural gas pay in the Abu Madi and Kafr el Sheik horizons, with an average porosity in the pay sections of 21.7%.  
 
The SD-3X well will now be completed as a producer in the Abu Madi horizon and then tested after the drilling rig has moved off location.  In order to optimise the potential recovery from the SD-3X well, the Abu Madi horizon will be completed and produced initially before re-entering the well to complete and produce the Kafr el Sheik horizon. The Abu Madi testing is anticipated to commence between 30 and 45 days after the rig departs, depending on the availability of testing equipment.  Assuming a successful test in the Abu Madi, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SD-1X discovery, where production start-up is anticipated late in the 4th quarter of 2018. 
 
Paul Welch, President and CEO of SDX, commented:
 
"The discovery of gas in both the Abu Madi and Kafr el Sheik horizons is a very positive outcome for the SD-3X well.  As demonstrated by the Ibn Yunus discovery earlier this year, the Kafr el Sheik horizon is an excellent quality productive sequence.  The SD-3X discovery has confirmed that this horizon is extensively present throughout the concession.
 
We will now analyse the data from all four wells drilled in the South Disouq campaign, as well as reprocessing and inverting the existing 3D seismic we have on the concession.  Upon interpretation of this data, and completion of the new 3D survey later this year, we expect to identify further Abu Madi and Kafr el Sheik prospectivity for drilling in 2019 and 2020. 
 
With our drilling activities completed, we will now focus on the completion of the South Disouq processing facility and pipeline infrastructure with a view to achieving first production by the end of 2018."
 

[neo26] 19/7/2018 16:40

so they have renav of 115.4p/share and sdx has recently said they believe renav to be over 140p/share.

Interesting times at sdx, final final at sd should be completed soon, maybe tomorrow.

[haideralifool] 19/7/2018 14:52

Perhaps the delayed revenues accounted for the EBRD funding?

Still I also accept PWs spin that it's a blue chip financier and having them around may reassure new investors.

[tournesol] 19/7/2018 11:58

Potential

do you read other people's posts?

[potential] 19/7/2018 10:29

tick tock...will be flying around pound mark in the coming months, there is no doubt :-)

[potential] 19/7/2018 10:26

Energy new research report issued today from Progressive Equity Research with a target price (ReNAV) of 115.4p per share, almost 100% upside on the current share price of 59p!!

[tournesol] 19/7/2018 10:23

I like the increase in RENAV reflected in the Progressive Equity note.

I am concerned that they go on to say they are reducing their forecast for 2018 net income by 50% - from $38 million to $19 million because the start of production at South Disouq has slipped 6 months.

Long term that is just a minor timing adjustment but short term it could spook investors into selling. I suppose if so that will give the rest of us an opportunity.

[robbiekeane] 19/7/2018 10:12

Very good note - thanks for bringing it to our attention G81

[griffin81] 19/7/2018 08:51

There is a new research report out today from Progressive Equity Research with a ReNAV target price of 115.4phttps://bdadvanced.ipreo.com/OpenFileLink.aspx?ID1=6ab80e77-9eb8-48f6-8685-1bed972fe173&ID2=507769760