Sdx Energy Share Discussion Threads

[deltrotter] 15/3/2017 19:15

Exactly my line of thinking Cash... I watch the interviews with the CEO and each time he almost has to catch himself from smiling when he is asked about South Disouq...

[cashandcard] 15/3/2017 18:41

deltrotter,Looking at the surrounding area, the companies initial assessment after 3D seismic, I think you're spot. Based on 3D, they talk of 'several' prospects. I'm calling it as I see it, I think we could be looking at undiscovered resource potential, with gas/condensate in low tcf and perhaps a couple hundred million bbls of oil. Could be wrong but it's the vibe I'm getting from all the known data and interviews.Cash

[deltrotter] 15/3/2017 18:23

Only dr drill knows Soulsauce, but it is a massive licence area in a country that has produced some great resources over the years!

Fingers crossed as ever....

[soulsauce] 15/3/2017 18:16

Yes del hydrocarbon ground zero ;-)

[deltrotter] 15/3/2017 18:06

I think South Disouq has all the hallmarks of being a massive opportunity - not just SD-1

[neo26] 15/3/2017 17:35

sneaky 160k buy at 16.45.

[neo26] 15/3/2017 16:42

on paper this sd-1 well looks interesting two targets oil and gas. Big boys wanted a piece, thats a fact....

[soulsauce] 15/3/2017 16:28

Agreed neo.

[neo26] 15/3/2017 16:21

soulsauce

another 3000 bopd asset will do, if they can get asset anywhere near the price they paid for circle one, it will be a remarkable success.

[soulsauce] 15/3/2017 16:10

And the beauty is here chaps, although it would be disappointing, if SD turns out to be a duster then any downside (if) will be very limited and very short lived.
It is highly likely that PW already has his sights on the next distressed asset.

[cashandcard] 15/3/2017 15:54

captain,

I think once folk realise this well could unlock upto 1tcf in resources (gas condensate and oil), there will be a big move here. Just look at Aminex, once the discovery was announced, the company rallied towards flowtesting outcome. Another important note, their geological model for the block will be validated. There are several other prospects out there.


neo,

OK.

Cash

[neo26] 15/3/2017 15:36

cash

they have to drill sd-1 by april thats why they are doing it this way!

Planned worked in Morocco is q3 it might he earliar probably late q2.

[captain james t kirk] 15/3/2017 15:29

cash

I don't want to over egg the pudding but they do seem spoilt for riches and as you say the Morrocan assets are incredibly profitable.
I know it's a well worn phrase but this does seem to be inexplicably off many peoples radars. Or should I say scanners :)

[cashandcard] 15/3/2017 15:27

captain,

Yes. But I think the focus should be on that for while.


Cash

[captain james t kirk] 15/3/2017 15:26

cash

Have you seen this:

hxxp://www.newswire.ca/news-releases/sdx-energy-inc-sdx-or-the-company---egypt-and-morocco-operations-update-612516043.html

"Morocco
Following its recent acquisition of certain assets in Morocco, the Company is reviewing options to accelerate the drilling campaign originally planned for 2018. It is currently undertaking an internal review of the area's identified prospectivity and high grading the prospect portfolio. Concurrent with this, the Company is surveying the rig market to determine timing and availability of suitable equipment for these operations. It is the Company's objective to accelerate drilling and increase gas production in Morocco during 2017."

[cashandcard] 15/3/2017 15:15

neo26,

Totally agree. I would be happy if they delayed Egyptian ops after SD-1 drill and launched an exploration/development campaign in Morocco. Its the safer & commercially more attractive of the companies 2 major areas of operation. The cashflow and profitability is breathtaking, $1 to produce and $8-$9 to sell, wow!

Cash

[neo26] 15/3/2017 13:52

The interesting bit is just the circle assets, the Egyptian asset is bringing $8m free cash flow per annum and the Moroccan one is bringing $13m pa, I think there is a fantastic growth opportunity in Morocco as the numbers suggest. Don't forget those receivables from the Egyptian govt.The assets were purchased for 30m its was a steal, this company is undervalued and even if worse case the sd1 which we are carried for comes in dry we will still be very cheap...PW on Malky interview said that they may bring exploration drilling in Morocco earlier or it maybe a bigger project this year .Exciting times indeed....

[cashandcard] 15/3/2017 12:07

Q3 2017 - in the Jan presentation.


Cash

[neo26] 15/3/2017 11:58

does anyone know when they will commence drilling in Morocco to increase the gas production?

[captain james t kirk] 15/3/2017 07:33

It's always good news when a new ii comes on board and a major plus of SDX is indeed the institutional spread of its investors. They, together with the directors (3%) hold over 70% of the stock.
That's a very good vote of confidence in the direction the Company is heading.
It's also significant that Artemis have invested post and not during the Circle fund raise of 25th January.

[deltrotter] 15/3/2017 06:29

Absolutely agree cash. Great news.

[neo26] 14/3/2017 22:58

So we are holding onto our top positions, slotting in new ideas like SDX Energy but mostly deriving value from ‘best in class’ integrated oil and E&P.

"We bought new positions in Painted Pony, Continental and SDX Energy"

That explains the big buy at the end..