Sdx Energy Share Discussion Threads

[captain james t kirk] 30/1/2019 11:06

napoleon
This is of course not advice to buy the shares but have you had a look at JOG. Currently at the last placing price, with an appraisal well fast approaching. Sorry for off topic.

[shakeypremis] 30/1/2019 10:49

IS tournesol still here?

[napoleon 14th] 30/1/2019 10:44

I might come back if movement means a real change in SP's direction,
not the same ol' "movement"!
FXPO just a trade - 230p today & T=300. Que sera, sera....

GLA

[shakeypremis] 30/1/2019 10:38

I'm not going anywhere. Too much upside potential and as long as SD does actually come online, this is a goer.

[captain james t kirk] 30/1/2019 10:02

Good luck with Josephine :)

[shakeypremis] 30/1/2019 09:31

This is likely PW talking about net working interest production, rather than net entitlement production. He does it all the time. I wish he wouldn't.

[denial_notjust_a_river] 30/1/2019 00:40

Fellow investors - beware of false promises from dishonest salesmen.

Today on voxmarkets podcast, the SDX CEO stated (at 14:00): "we are producing at the moment 5000" (boed) "net to us".

How is this possible? Is it believable? In my next post, we'll do some simple arithmetic to evaluate.

[denial_notjust_a_river] 30/1/2019 00:37

Fellow investors, here now some simple math.

From last Q-report, the gross and net production (boed) for SDX's three plays. 1) Meseda (G-4207, N-802), 2) NWG (G-4944, N-2472), and 3) Morocco Gas (G-820, N-615). Net to SDX is 802 + 2472 + 615 = 3889 boed.

In the last report the company's 2019 guidance for production 1) Meseda (G - 4000 to 4200) and 2) NWG (G - 3400 to 3600). With this guidance that puts net production closer to 3k boed, not 5k (even accounting for potential increase sales of gas in Morocco).

We're left asking, where is this extra net production coming from at this moment? Was the CEO misleading the podcast audience?

These are questions to evaluate before investing in shares of this company.

Beware of false promises from dishonest salesmen.

GLTA

[cannuckoiler] 29/1/2019 20:23

Well it’s been good following all your post on SDX and now that it will stop trading on the TSXV exchange I think it was time to join you on your forum...there is no disputing that there was a lack of this energy stock trading on the Canadian exchange.
So can SDX rally there under value stock with some truthful good news on real time.

[shakeypremis] 29/1/2019 16:35

There's plenty of fat rich people, but most of them are thieves (bankers).

[deanroberthunt] 29/1/2019 16:26

how many fat people are successful entrepreneurs? not many

[deanroberthunt] 29/1/2019 16:25

never trust someone who can't control their own diet.

[deanroberthunt] 29/1/2019 15:41

yeah, just take a look at VOG....IOG et al....

[shakeypremis] 29/1/2019 13:17

He's a walrus. He can't help not knowing anything about picking good O&G investments.

[bushranger] 29/1/2019 13:14

As far as Malcy goes, he got a bit of a 'guru' status in 2016 as his Bucket List of stocks rose an average of 400%+. This was helped in no small measure by the exuberance of a full on bull market and an oil price that doubled from an eyewatering low. Late 2017 onwards and many of his stocks have done poorly and lost people a lot of money who failed to DYOR and risk managed his stocks. He has taken some flack recently especially on twitter for promoting FRR ( which is delisting). I would agree with other posters here that Malcy reguritates what the company has said in it's RNS's. Also he almost always emphasises the positive and downplays any negatives. He seems to talk a lot about the oil & gas assets but mostly ignores to drill into the company's finances or governance.

[thegreatgeraldo] 29/1/2019 11:11

The Drewster
29 Jan '19 - 11:06 - 7374 of 7375
0 0 0
First gas is expected in mid 2019 with a gross production rate of 50-60 MMscfd with the gas being sold to the state at $2.85 Mcf.
50MMscf demand would be $142,500 revenue per day
That’s about $50M/annum.

Gross, before SDX's partner's share & before state royalties

[tli8jaguar] 29/1/2019 11:09

Just heard that Mercedes Benz is to build an assembly plant in Egypt, got to be a confidence booster.

[shakeypremis] 29/1/2019 11:07

That's not net to SDX though, net entitlement revenue is more like $40,000/day.

[the drewster] 29/1/2019 11:06

First gas is expected in mid 2019 with a gross production rate of 50-60 MMscfd with the gas being sold to the state at $2.85 Mcf.
50MMscf demand would be $142,500 revenue per day
That’s about $50M/annum.

[itsriskythat] 29/1/2019 07:21

The man says "With 2019 expected to be a ‘landmark year’ according to the company it should see further benefits to shareholders after a pretty good 2018, the outlook for SDX is indeed very positive."

Further benefits?

Shares are now down to January 2017 levels.

[captain james t kirk] 29/1/2019 07:01

One could listen to Malcy or alternatively just re read the rns.
It would be nice if once in a while he actually analysed what has been released, rather than just repeating it walrus fashion.

[denial_notjust_a_river] 29/1/2019 02:33

LOL - what a report!

Looks like entitlement production will now be very close to or below 3K boed.

SD is coming online sometime 'mid 2019', as opposed to H1 2019.....as opposed to early 2019.....as opposed to late 2018......

Basically almost no growth in Morocco gas sales.

Delisting from TSX, due to lack of interest among institutional investors (I wonder why?)

....but go ahead a listen to Malcy!

[napoleon 14th] 28/1/2019 20:31

A LTBH for sure! Still, the news is positive. This is Malcy's take on SDX today...


A major operations update from SDX this morning as the company describes 2019 as a ‘landmark year’ with a number of important milestones that they intend to meet across the portfolio that will ‘deliver significant value for shareholders’.

In Morocco, the Gharb Centre 3D seismic has been processed and initial interpretation has been completed. The data quality is excellent and multiple leads and prospects have been identified. Accordingly, planning for a twelve well campaign has begun and drilling will commence late in Q3/early Q4 and complete in 1H 2020. The programme will include re-testing LNB-1 and LMS-1 in Lalla Mamouna and the rest will come from the Gharb Centre seismic work. It is expected that three of the twelve wells will be completed and connected in 2019 making the year’s capex a gross $10m with SDX shares $8m. Of this $8m, $6m is for wells and $2m for facilities and field capex. SDX is targeting gross production of 9-11 MMscfd of conventional gas sales in 2019.

In Egypt the company is unsurprisingly concentrating on South Disouq, the first half will see the completion of the construction of the Central Processing Facility, the 10 km export pipeline and tie-ins of the four existing producing wells. First gas is expected in mid 2019 with a gross production rate of 50-60 MMscfd with the gas being sold to the state at $2.85 Mcf. In the area prospect inventory is expected to increase after recent 3D seismic and the company will drill two further exploration wells in 2019 with multiple conventional gas prospects and a conventional oil prospect also identified.

Elsewhere in Egypt the company are continuing to work on the Meseda concession as well as NW Gemsa, production guidance for 2019 is 4,000-4,200 bopd for the former and 3,400-3,600 bopd for the latter. Meseda will see some drilling during the year but not at NW Gemsa which is a fully developed field.

SDX had $17m of cash at the year end, no debt and an undrawn $10m facility for Morocco from the EBRD so is very strongly placed financially, having received $4.5m of backdated Egyptian receivables in Q4 and expecting to see further reduction in its balance this year. Finally, the company is planning to relocate from Canada to the UK where a predominance of shareholders are to be found, the move is expected to be completed in Q2 2019 and ‘will result in meaningful annual savings in admin costs, management time and a more tax efficient corporate structure’. With 2019 expected to be a ‘landmark year’ according to the company it should see further benefits to shareholders after a pretty good 2018, the outlook for SDX is indeed very positive.