Sdx Energy Share Discussion Threads

[ifthecapfits] 16/1/2020 11:18

Could be a good year for SDX.

Mark Reid, CEO of SDX, commented:

"We are pleased to announce that our 2P reserves at South Disouq have increased by 35% to gross 89 BCFE and that the wells and CPF continue to produce at a stabilised rate of approximately 50 MMscfe/d. We are now looking forward to the commencement of our South Disouq drilling campaign in February when we will be spudding the first of two wells targeting the same horizons encountered in our four discoveries to date. If successful, these wells have the potential to significantly increase our existing reserves and can be quickly tied into the South Disouq CPF. Depending on partnering discussions, a third well targeting deeper prospectivity in a potential new play fairway, may be drilled later in 2020."

[kilijarslan] 14/1/2020 21:09

https://twitter.com/Harps_trader/status/1217159136884002816?s=19

[shakeypremis] 13/1/2020 16:24

Classic ascending triangle pattern, although a little obscured.

[kaos3] 13/1/2020 15:28

could be as there are higher lows

[brasso3] 13/1/2020 15:20

4th/ 5th attempt at 25p now. I think there is a high probability of it cracking this time.

[brasso3] 07/1/2020 09:45

Thing shaping up nicely here. Completely off most PIs radars.

Once it breaks 25p it will move fast to 40p IMO.

[shakeypremis] 07/1/2020 09:43

hxxps://www.sharesmagazine.co.uk/news/market/6736495/RESERVES-UPGRADED-AT-SOUTH-DISOUQ

Just a 35% increase in proven and probable reserves and South Disouq. Of course no one cares. The next well in South Disouq (Salah) will be drilled in February.

[1rickyb] 23/12/2019 14:51

TournesolThanks for your wise words of advice . I will take them onboard . I mean how long does one stay locked in , in the hope of recovering ones losses .So frustrating !!

[tournesol] 23/12/2019 14:37

1Ricky

Actually I suspect that I've lost much more on SDX then you have.

Ditto PMG.

And ditto HUR - but that's only temporary I hope.

Ditto many other E&P's in the past.

For me the critical thing is to recognise and accept that sometimes we get it wrong. We sometimes invest in the wrong assets, in the wrong management teams or in the wrong political/geographical regimes. Just as bad, we sometimes invest in the right things/people/assets/places but at the wrong time/price.

My approach it to take my many errors on the chin and move on without looking back.

IMHO my investment in SDX was a mistake. That's why I bailed out.

I think it might be one of those cases where it repeatedly looks like it's all about to turn round but then doesn't. And your hopes are repeatedly dashed.

Hope I'm wrong and you all make a fortune. But it is not for me until something very fundamental happens.

[1rickyb] 23/12/2019 14:18

I do hope your not inferring I'm a manipulated mug . Damn truth hurts

[tournesol] 23/12/2019 13:38

“If you've been playing poker for half an hour and you still don't know who the patsy is, you're the patsy.”…… Warren Buffett

[sleveen] 20/12/2019 12:04

Cheers, missed that clue :-)

[oilinvestoral] 20/12/2019 11:10

No because sound gave some clues ! Sdx is not a private company

[sleveen] 20/12/2019 09:04

I wonder if SDX are the company currently negotiating with SOU for their Moroccan assets?

[kaos3] 18/12/2019 06:29

thanks - as I thought - slow and easy

[shakeypremis] 17/12/2019 10:39

It's all about adding reserves in Egypt which increases the NPV of the SD property. Extra wells can also increase the production rate.

Same for Morocco, although at the moment, more of an emphasis on simply adding reserves and opening up a new area possibly. Monetising any large finds in Morocco will likely require a new route to market instead of Kenitra. I have previously postulated they might try to tie in to the Maghred-Europe pipeline if they find a lot of gas.

[kaos3] 17/12/2019 07:17

after big Southh Disouq project finished - what next "big" is expected? which of those is to watch as the next big step?

it is written here:

"

2019–20 exploration programme

Exploration drilling in South Disouq is due to commence in Q120. The first two wells will target the Salah and Sobhi prospects in the Kafr El Sheikh, which if successful can be tied back at low cost to the Central Processing Facility. The third well will target the deeper Cretaceous reservoir, high-impact Young prospect, which in case of success would open up a new play. In Morocco, to meet forecast demand from gas customers, SDX commenced a 12-well drilling campaign in October 2019 targeting gross mean prospective resources of 15bcf in its operated acreage...."

[dado90] 12/12/2019 12:32

Good read for anyone interested hxxps://www.edisongroup.com/publication/south-disouq-delivering-ahead-of-expectations/25799

[brasso3] 12/12/2019 12:00

Just got to get above 25p then next target 30p.

[shakeypremis] 11/12/2019 11:04

Mark Reid and Timothy Linacre just bought another 134,000 shares between them today.

[rollthedice] 10/12/2019 08:32

SDX starting to over-deliver, at least on timescales, since BoD changes so slightly disappointing, muted response to RNS.

SDX back on my watch list. Buys going through at 21.25p now so may end day flat.

[kaos3] 10/12/2019 07:35

call me .... but I will start adding again. even an idiot would have problems to ruin sdx atm