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SDX Sdx Energy Plc

3.65
0.00 (0.00%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy Plc LSE:SDX London Ordinary Share GB00BJ5JNL69 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 3.65 3.50 3.80 3.65 3.65 3.65 1,591,725 07:43:32
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Sdx Energy Share Discussion Threads

Showing 7076 to 7094 of 10325 messages
Chat Pages: Latest  293  292  291  290  289  288  287  286  285  284  283  282  Older
DateSubjectAuthorDiscuss
21/9/2018
06:52
Cannot see PW signing a bad deal here.

I am sure this will transform SDX into one of the big O & G companies on AIM.

brasso3
21/9/2018
06:38
71k last year for the whole joint venture



The Gulf of Suez Petroleum Company’s (GUPCO) produced an average of 71,000 barrels per day (b/d) of crude oil and condensates in fiscal year (FY) 2017/18 from its field in the Gulf of Suez, Egypt Oil & Gas reports.

Sabry Abu el Wafa, head of GUPCO, said that the company added over 10 million barrels of crude oil in 2017/18, which represents 41% of annual output. The reserves increased due to drilling two new development wells and two exploratory wells.

Abu el Wafa revealed the information during a general assembly chaired by petroleum minister Tarek El Molla to review GUPCO’s performance during the last financial year.

He also said that the company was planning to drill new wells, opportunities which may boost crude production by 5,000 b/d.

GUPCO is executing a number of rehabilitation and renewal projects for the crude oil production infrastructure in the Gulf of Suez. The projects will be finalized consecutively in 2019 in order to increase production rates.

bountyhunter
21/9/2018
06:34
Don't forget that it's a JV (GUPCO) so 50% or thereabouts for BP.
robbiekeane
21/9/2018
06:33
but isn't it the joint venture producing 70k rather than BP's share
bountyhunter
21/9/2018
06:07
The enlarged company will surely tighten governance and even consider a premium listing attracting a whole new set of potential investors
the drewster
20/9/2018
23:56
The key to the Circle deal was the money owed to Circle by the Egyptian Government. The Govt wanted to pay in local currency which was not really viable for Circle, so they were having to wait an indefinite period for the FX alternative to become available. With their different financial situation SDX could accept payments in local currency so were able to accelerate the settlement of the government payables. That made the Circle business worth more to SDX than it was to the sellers.

A similar situation might pertain wrt the BP transaction. I await details with interest.

tournesol
20/9/2018
23:29
Time will tell shareholders but one thing is for sure Paul Welch is switch on a enough to get us a good deal. Keep the faith!
ll0ydy
20/9/2018
20:14
The difference here is that we don't yet know what the deal will be or even if there will be a deal as news leaked out somehow to the media necessitating today's suspension and RNS. Hopefully the leak won't skupper the chances of a decent deal being concluded. On the other hand as we have been told we are now waiting for an admission document we could be further along than I am guessing. They could even be finalising an RNS for tomorrow morning clarifying the details of a deal right now (I like to be positive!).

".. suspended from 20/09/2018 1:35pm, pending an announcement and publication of an admission document."

bountyhunter
20/9/2018
20:02
Me too BH. I was lucky enough to benefit from the SQZ deal, bought at 18p and sold when the shares started trading again at 69p. Would be nice to see anything similar here!
melody9999
20/9/2018
20:01
No real idea what's on offer from BP, but my guess would be some tired old fields which need some TLC - workovers & probably infill wells, perhaps not much of an explo upside? Good solid production & cashflow. Quite possibly a decent chunk of the assets have been down the list when it comes to capital allocation, we'll find out in the coming weeks.......
thegreatgeraldo
20/9/2018
19:53
I'll be disappointed if it's not transformational for SDX although negotiations seem to be ongoing. Hope we don't have to wait as long as HNL shareholders are having to wait for an outcome!
bountyhunter
20/9/2018
19:27
BP is a motivated seller of the BKR north sea asset due to Iranian Oil company partner Don't forget BP have a significant investment in the USA hanging on to the asset would likely caused repercussions so keen to sell to SQZ.

BP also have a significant share holding in SQZ 13.5 million shares from 2014 as part payment for the Erskine field. I cant remember the actual price but the chart shows around 15p so circa £2M for that period current value just over £12M and probably double that within the nest 12 months once the deal closes.


A creative deal here could well prove transformational for SDX as it has been for Serica.

I'm curious as to what sort of regional infrastructure might be included in the assets.

captainfatcat
20/9/2018
19:06
and no sanctions to complicate whatever they may agree, although that risk probably benefitted the SQZ/BP deal price
bountyhunter
20/9/2018
18:51
Egypt is not the North Sea - SDX should expect to do a better deal than Serica
jbarcroftr
20/9/2018
18:35
yes said $500m elsewhere so I think go with that
bountyhunter
20/9/2018
18:29
The media might hype BP's price to 1 billion, but 500M seems the realistic figure IMO.

That's what I'm looking forward to anyway, but we'll see.
Then we need to know what BP might do with its' majority chunk of SDX.

napoleon 14th
20/9/2018
17:59
cfcc,

Further to my post I looked at Rule 14 and definition of reverse takeover more closely. The rule suggests:
AIM Rule 14 applies to any acquisition by an AIM company which:

(a) exceeds 100% in any of the class tests;
(b) results in a fundamental change in its business, board or voting control;
or
(c) (for an investing company) is a material departure from its investing policy

This seems wider than the example I gave. Specifically (b) states "results in a fundamental change in its business, board, or voting control"

So the fact that the deal (if concluded) does result in a material change in SDX's business probably satisfies the requirement for the deal to be labelled a reverse takeover under aim rule 14. Thus new shares don't necessarily need to be issued as I assumed in my previous post. As others have said it could be structured in a similar fashion to Serica's deal with BP last year. If so, and in my view, this could be very positive for SDX.

AIMO

dlm2602
20/9/2018
14:54
So hopefully we will be back in a week or so.....
ifthecapfits
20/9/2018
14:45
Ouch! Still looks like you will get a second bite here.
ifthecapfits
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