Sdx Energy Share Discussion Threads

[kaos3] 01/10/2019 12:17

I had to pay full offer

[shakeypremis] 01/10/2019 11:56

No stock around to buy. No one is selling.

[ileeman] 01/10/2019 11:04

Still NT to buy at 25.5p.

Looks like next targets above 30p.

[shakeypremis] 30/9/2019 21:56

So South Ramadan is expected to flow at approximately 1300 barrels per day. Net to SDX after Government take is around 80 barrels a day. Naff all, but hopefully will allow them to recoup the expenses incurred in getting the well to this point. It was expected to be a duster so to get your costs back and maybe make a bit of money on it is a good outcome.

[brasso3] 30/9/2019 15:46

They will ramp up production and pressure test each section so I agree that it will come on line slowly with intermediate testing.

[shakeypremis] 30/9/2019 15:45

Looks like another 6 weeks or so to first gas if the presentation is to be believed. Although I believe that includes up to 7 weeks of contingency time. So gas could realistically be flowing today.

[brasso3] 30/9/2019 15:23

Page 20 - 20 wells in the next 15 months!

[homebrewruss] 30/9/2019 15:14

Latest company presentation:

[odvod] 30/9/2019 12:51

adding too

[underdog1] 30/9/2019 11:37

Bought 20k shares here as initial position. The trauma from pw is now in the past and looking forward to first gas from sd imminently.

[brasso3] 30/9/2019 10:19

Breaking out of the downtrend now.

32p is the next resistance.

[ileeman] 27/9/2019 12:46

NT to buy at 24p fwiw.

[divmad] 24/9/2019 11:11

Acting well again today

[brasso3] 24/9/2019 09:22

This has got 30p written all over it in the next 4 - 6 weeks.

[divmad] 23/9/2019 17:48

Volume picking up today. A good sign

[ashkv] 23/9/2019 10:44

I bought in close to the lows and sold out at a small profit.

It appears that there is a non-zero chance of regime change if ongoing Egyptian protests flare. Egyptian markets are down quite notably :(

hxxps://egyptindependent.com/egypt-trading-suspended-as-shares-plunge-after-protests/

hxxps://www.aljazeera.com/programmes/insidestory/2019/09/protests-egypt-president-el-sisi-spread-190922190725176.html

[shakeypremis] 20/9/2019 11:48

Yep, that's what they've been doing. I am sure the most recent presentation lists the Egyptian receivables figure.

[cashandcard] 20/9/2019 11:44

shakeypremis,


From the most recent set of results, I make it $16.1mln, which I assume is mostly Egyptian receivables. If they can offset capex for services provided in Egypt by Egyptian state co, that is acceptable.


Cash

[shakeypremis] 20/9/2019 11:28

Cash, I don't think receivables for current production is a problem in Egypt (or SDX wouldn't be getting paid for the oil they're producing and they defintiely are). The outstanding receivables are related to the Circle acquisition. They've been recovering a lot of the receivables owed by offsetting South Disouq CAPEX against the receivables balance. I am not sure how much there is left but the figure is definitely in recent presentations/RNSs. I would look there for your figure.

[cashandcard] 20/9/2019 11:16

I'll contact them. Worth a shot I guess.


Cash

[divmad] 20/9/2019 11:13

Cash, would the company be able to tell you?

[cashandcard] 20/9/2019 11:01

Anyone know how much EGPC owe SDX now? the only figure I can find with regards to recievables is the last set of results with $21.8mln less $5.7mln post period end leaving $16.1mln at that point before any further receivables took that back up. It is mixed with Moroccan receivables so not a clear picture. I just want to get an idea of EGPC's ability to pay for the gas as that will be significant going forwards and be critical to anything SDX do in the coming year etc.


Cash

[des56daw] 20/9/2019 10:42

On the upgrade to 100/150mmcf/d assuming we find more gas at SD
anyone have an idea on costs and time to upgrade the plant.
I remember Squelcho saying it would be easy and cheap, but given
what we know now a rough idea would help.
To be fair to the lying git he did not give a cost.

Des

[thegreatgeraldo] 20/9/2019 10:33

As shakey says, finding gas in Morocco won't be bad news, but they need a market for the stuff. What would be interesting is if they could find some accumulations above the "standard" 2bcf or so size... & there's LMS-1 to revisit at some point...