Sdx Energy Share Discussion Threads

[tnt99] 31/5/2021 22:59

Not long to wait now

[goldieshotz] 25/5/2021 14:40

I think the drop this week is a result of high capex & rates dropping at SD & WG. Looking over what they have provided to us, WG will not increase rates until towards year end on successful wells in that campaign.SD cannot go back to plateau rates until after the infill campaign & IY-2 is completed.I think the sell off was a lack of patience. This hanut well if successful looks like it will need a full development plan of upto 7 wells imo. But, add in mohsen or el deeb and we are looking pretty solid field with further exploration follow on potential deeper and throughout the acreage.Their focus is on the KES type plays like Ibn-Yunus. However the Abu Mahdi plays have not been tested since SD1X field discovery except when they drilled Kelvin-1X.I believe, moving forward in egypt will require deeper explo targets after Hanut/mohsen.As for morroco, a tidy earner provided reserves can be found in more sizeable fields & production sales grow from 8mmcf/d.

[tnt99] 20/5/2021 10:32

At least they are back in profit with a bit of luck onwards and upwards from here think the directors should be buying at these prices

[goldieshotz] 20/5/2021 08:34

A little annoyed this morning. I hoped the results would be better, and the LMS perm data is also a bad result.Onwards and upwards. Fingers crossed for hanut.

[shakeypremis] 17/5/2021 20:47

Hope that plays out as you say. The company themselves have said they are understanding more and more about the South Disouq field as time goes by with more surveys, drills and produced gas.

[goldieshotz] 17/5/2021 20:44

Just had a quick recap on the Kelvin 1X results from a few years back.At the time it was expected to be the updip connection of the gas find in the original SDX-1 discovery.Now i'm no reservoir geo, but it appears sd-1x appears to be trapped. The kelvin result was gas but high water cut. So non commercial and obviously not connected.With that in mind, it looks like they've took that data from the kelvin well, and came up with Hanut-Mohsen targets of being updip from kelvin and therefore higher chance of good gas shows if the trap holds.The porosity and reservoir data for kelvin was excellent, it just didnt have enough gas and too much water. Go updip, we should see more gas less water. Exciting for this hanut well indeed.

[shakeypremis] 17/5/2021 10:18

Unfortunately not. That's not how SDX do things in Morocco. They bundle the results. See this line from recent drilling start RNS in reference to the Moroccan drilling campaign;

"The campaign is expected to complete in July 2021, at which point the Company will update the market on results."

[tnt99] 17/5/2021 08:58

News on the drill imminent!!!!

[tnt99] 04/5/2021 23:01

Well I'm glad goldie at least agrees with me this share is undervalued with a lot of upside I believe my patience with this share will be rewarded when the market wakes up to these facts this company has over 10 million in the bank it sells it has at a fixed price so it knows what the profit is going to be in any situationAfter drilling this year it sh ould have over 10 years supply the market cap of 36m is crazy low

[shakeypremis] 04/5/2021 15:18

I do agree, shorter term oil is a great bet. But I think going forward gas is going to be more advantageous if you can produce it cheaply.

[goldieshotz] 04/5/2021 12:24

I think we can agree sdx has a bright future. The share price isnt blown out of proportion like on others around the sector and has maybe been underpriced for sometime.But i disagree, the covid crisis proved even with the world at an almost standstill, it still needed oil for manufacturing. Now due to a lack of investment for nearly a decade in the industry i've worked in. There is an elastic band about to snap and propel the price very high.Not getting into oil now would be foolish. There is targets out there i'd like to see sdx take a share of for providing cash to drill explo wells.It doesnt have to he hollywood sized fields. $15m next year on capex of a % of someones license to drill some drill ready prospects would transform this company

[shakeypremis] 04/5/2021 12:05

Not sure if I agree with you regarding oil vs gas. ESG is going to start to dictate things, even in places like North Africa. Gas emits less CO2 than oil does and less particulates too. The EBRD has partnered with SDX in Morocco for this very reason, because they are supplying gas to customers who would instead be using fuel oils. Gas may well start to attract even better prices in Morocco on account of demand forced by carbon taxes etc on fuel oils etc. Maybe Egypt too, although the State are horrendous thieves there and SDX are locked in to a contract with them that I don't think is negotiable. on pricing. Maybe if they can significantly increase production, but that doesn't seem likely.

[goldieshotz] 04/5/2021 11:17

TnT, thats not a realistic target at all.A realistic target would be 25p year end based on a hanut success and some morrocan success.2022 year end we should see Hanut come online if its a discovery, pushing us towards 30-35p.Its easy to get carried away but you need to remember this is gas in North Africa.Yes we are producing and yes we are cash positive if you take our drill campaigns Capex out of the equation, but until you diversify out of North Africa and out of gas and into more Oil. The value of a junior oil and gas company will always be pushed down.

[shakeypremis] 04/5/2021 09:41

Ah, Exane again.

[shakeypremis] 04/5/2021 09:38

Hi Rolo, where this time?

[rolo7] 04/5/2021 09:10

Another research note out

[shakeypremis] 28/4/2021 09:27

If they can prove up Top Nappe in Morocco and Hanut in Egypt then that might be possible but unlikely even if they both come in in my view.

[tnt99] 28/4/2021 09:00

Think this one is on the way up what's your price target for year end mines59p

[shakeypremis] 27/4/2021 13:15

I see it thanks.

[rolo7] 27/4/2021 11:23

on research tree 70pages target prices 21-41p

[shakeypremis] 27/4/2021 09:07

Hi Rolo, do you have a link?

[rolo7] 27/4/2021 08:05

Research note out.

[rolo7] 26/4/2021 20:34

Hope so news soon chart about to break out which way? UP!?

[tnt99] 26/4/2021 09:01

This share is way undervalued true value must be over 30p