Sdx Energy Share Discussion Threads

[gisjob2] 21/9/2018 15:54

Neo,

Egypt, have been regularly paying SDX receivables and expect to be up to date by the end of next year if not before, so all good payment wise. There are much worse places to be.

The assets range in price depending what you read between $500Mn & 1bn.

The SQZ deal with BP could easily be a model for the deal, although no guarantee

[neo26] 21/9/2018 15:38

Savp still hasnt gone above pre suspension price, thats my point. Off course they are now making cash.Just saying.Sdx mkt cap 120m, the asset they interested in 1bn.How much loan will they take? How many additional shares? Egypt has issues paying, so sdx has to be careful they dont over leverage with loan.

[ifthecapfits] 21/9/2018 15:21

Which I also hold. Two of my larger holdings. So that's nice :)

[neo26] 21/9/2018 15:18

Is it going to be another savp

[bountyhunter] 21/9/2018 14:09

what other assets are they selling off?
...might give a clue to the next deal!

[zztop] 21/9/2018 14:01

Bp said they would make disposals after buying large from bhp texasThis is the start

[bountyhunter] 21/9/2018 12:10

future decommissioning liabilities will be a key factor, if not at least largely retained by BP that would be a concern for me

[dlm2602] 21/9/2018 11:47

I thought BP were looking to get rid of their end of life/ mature fields where more micro management was required to fully exploit the assets i.e the Serica deal where future decommissioning costs were borne by BP as part of the deal. The GUPCO company maybe falls into this category - although having said that, if reserves are around 175m boe and 390bcf then this seems quite significant.

[ifthecapfits] 21/9/2018 11:01

BP aren't looking to exit the country - they are just looking to divest their oil interests to focus on gas - as I understand it.

[bountyhunter] 21/9/2018 10:55

It's possible but I think unlikely. There is already one partner involved but fortunately not the IOC on this occasion!

[tournesol] 21/9/2018 10:50

I'm sure that BP wants to exit the country but its perfectly feasible for them to split the package and sell different bits to different people. That would increase the number of potential buyers and help maximise the proceeds.

[wisteria2] 21/9/2018 10:09

lets hope its decent for us LTH as this share has stagnated over the last few years.

[bountyhunter] 21/9/2018 09:40

I would guess that BP doesn't want to be left with any of the Suez assets and it would be messy to split the sale. But we won't know for sure until finalised and RNS'd unless leaked of course!

[shakeypremis] 21/9/2018 09:22

Who can say tournesol, but that's what the media speculation sounds like to me.

[tournesol] 21/9/2018 09:17

Is it certain that SDX is negotiating for the entire package? or might it just be a subset of the assets?

[tournesol] 21/9/2018 09:17

Is it certain that SDX is negotiating for the entire package? or might it just be a subset of the assets?

[captain james t kirk] 21/9/2018 09:12

The point of the exercise was to allow people to divide 345 million by 25 million.

[ifthecapfits] 21/9/2018 09:07

its a 50/50 JV so 35k bopd

[bountyhunter] 21/9/2018 09:00

but it won't be 70k as that is the production for the entire joint venture not just BP's part

[captain james t kirk] 21/9/2018 08:43

70,000 per day is around 25 million pa.
It's going to keep PW busy for a few years yet.

[bountyhunter] 21/9/2018 08:25

dim2602

"Total reserves from GUPCO fields reach 345 million barrels of crude and 771 billion cf/d"

[bountyhunter] 21/9/2018 08:22

“We have successfully managed to maintain oil production flat in the Gulf of Suez and our goal is to grow and sustain production levels for the years ahead,” BP’s website says.

[bountyhunter] 21/9/2018 08:21

a bit more on GUPCO

[dlm2602] 21/9/2018 08:18

The question for me is not just the barrels of oil being produced each day which is transformational but the reserves. I hope that PW is confident that new improved extraction techniques, ability and willingness to search for smaller untapped reservoirs etc will boost the ultimate reserves to a level that the market likes. Does anyone know what the likely reserves associated with GUPCO are?

[bountyhunter] 21/9/2018 08:17

Yes it all hangs on how the deal is sructured and financed - I would hope it would be along the same lines as the SQZ/BP deal in which case it may not be too much to expect a significant leap in the share price on relisting as was the case with SQZ