Sdx Energy Share Discussion Threads

[deanroberthunt] 31/5/2019 17:50

this has been driven into a cul-de-sac, backing it up is going to take a long time...with little to no progress

[dsmith57] 31/5/2019 16:26

Really unbelievable goings on here. The bottom line is that we were told blatant lies by Welch right up to his sacking and not only about timings. The biggest shock to me in the latest revelations is that we can’t even sell the gas that we are producing NOW in Morocco never mind ramping up our production for project vingt quatre. That was utter fantasy. One of many lies. From 60p and being described as vastly undervalued to now. As I said. Unbelievable. What are the Board going to say about the lies we were peddled. Let me guess. Nothing.

[gisjob2] 31/5/2019 14:40

Worth looking at in Autumn if South Disouq production is still on the cards by then !

[deanroberthunt] 31/5/2019 14:38

single digits soon

[gisjob2] 31/5/2019 14:19

Shakey,

Problem with South Ramadan is previous holes drilled in the area had production problems, SDX hold a tiny percentage and it isn't a core project for the company. Add in the massive delay in getting any form of testing result and I can't see it moving the dial much.

Think we both agree that the share price is cheap but no price drivers in the short term and a credibility deficit to overcome.

[jungmana] 31/5/2019 13:53

O/t check ZEN. Drilling commencing within 2 weeks. Already producing about 270bopd with oil reserves of 31Mmbbls. Market cap about GBP 9m right now.An investor who bought big into Bloe early has been loading up even bigger on ZEN.Good institutional holding there too.As always dyor

[tli8jaguar] 31/5/2019 10:07

The new SDX website is quite interesting.

[shakeypremis] 31/5/2019 09:16

If you're looking for a trade, then yeah there are other stocks out there. Longer term, this has huge value written all over it. Regarding near term news flow, there likely won't be much in the next 6 months, but there is the South Ramadan drill that struck oil. Testing is still going on there but is taking a very long time. No idea what stage it's all at exactly.

[gisjob2] 31/5/2019 08:55

Plenty of other dirt cheap stocks around that might actually have some news flow.

[deanroberthunt] 31/5/2019 08:41

uninvestable

[shakeypremis] 30/5/2019 14:31

No reason other than it is dirt cheap right now.

[darola] 30/5/2019 13:28

Yep. Will take a look in Q4.

[gisjob2] 30/5/2019 13:11

As I've said before, no immediate reason to invest in SDX. Comeback after the summer lull and see where we are in Autumn.

[arteespresso] 30/5/2019 13:03

Await the new ceo and direction of the company - until then this will continue drifting down, no real interest or appetite being shown. It does have the advantage of production/small nr of shares and no debt going for it however.

[darola] 30/5/2019 12:50

Think he’s become uninvestable.

[jungmana] 30/5/2019 12:20

Seller still not done imo.

[ifthecapfits] 28/5/2019 10:55

Canada de-listing complete.

[shakeypremis] 24/5/2019 09:33

Thanks Kwizza.

Couple of interesting things;

1. Squelch is still there until 31st May, although in what capacity I don't know. Could easily be on gardening leave or whatever.
2. There's an update to the significant shareholders in the document;

SDX SPV Limited (Previously called MEA Energy Investments Limited)

19.48% - same as January 2019

Ingalls & Synder

18.34% - same as January 2019

River and Mercantile

6.45% - increase of 0.3% since January 2019

Hargreaves Landsdowne

5.42% - decrease of 0.24% since January 2019

Interactive Investor

4.56% - where has this one come from? Looks like some big nominee holdings.

Highclere Investors

5.02% - same as January 2019

Mr Nikolaos D Monoyios

4.37% - same as January 2019

Dr Valerie A Brackett

3.55% - decrease of 0.23% since January 2019

This also confirms the two big shareholders have not sold down at all.

[tournesol] 23/5/2019 18:43

Soco might be more likely as a potential buyer. Recently bought assets in Egypt to diversify from Viet Nam.

[kaos3] 23/5/2019 16:31

when many oilers are down today SDX is up. nice comfort

[kaos3] 23/5/2019 16:31

when many oilers are down today SDX is up. nice comfort

[shakeypremis] 22/5/2019 12:58

SDX haven't the money to buy anything right now. They need what they have left to finish SD and go drilling. They can't raise money at the current share price, it would be madness.

[thomas11] 22/5/2019 12:49

Interesting move from Sound Energy in Morocco, putting up key gas assets for sale. Maybe an opportunity here for some SDX!