Sdx Energy Share Discussion Threads

[baldguvnor54] 18/8/2021 08:43

A takeover has to be a good call. The company has some average assets, good liquidity, interesting position in Morrocco, but a management team that have failed to deliver for far too long. Any E&P company can have a failed drilling- but the run of bad news has gone on too long.. So the company either should change the management, or let someone else run the assets and create value. They have a couple of powerful shareholders- I&S in the US and Waha in the UAE- I doubt either of these will be "happy holders". They have results soon I think- be a good time to announce a sale, take-private, change of the whole Board, - no more BS, action

[neo26] 18/8/2021 08:41

But this story is not about hanut, hanut had 33% cos.Sdx generates 30m cf per annum, thats 3 times senx.This will recover

[jungmana] 18/8/2021 08:37

Commiserations to you and all holders here. That's the risk we all take with the drill bit

[goldieshotz] 18/8/2021 08:35

The result was a shame, id be interested to know the drilling location at hanut.

[neo26] 18/8/2021 08:22

Nice to see buyin at these cheap levels

[neo26] 18/8/2021 07:50

At 12p enterprise value is only 18m......Production 5800boepd.Debt free9m in bank10m loan facility availableThis is hold and will be taken over.

[sleveen] 18/8/2021 07:46

Disappointing but not a disaster by any means:


"Whilst the result of this well is disappointing, I remain positive about the remaining prospectivity in the area which has not been materially impacted. In particular, I am encouraged by the proof of reservoir quality sands in the Qawasim Fm in the South Disouq area as this derisks further close by prospectivity. The Company will now be working towards moving these prospects to drill-ready status for a 2022 campaign and looks forward updating the market on its campaigns in West Gharib and in Morocco in the remainder of the year."

[pjj71] 18/8/2021 07:42

as i stated the other day this stock is a widow maker.. the management are incompetent and only interested in their wages being paid... all capex should have stopped years ago and at least then shareholders would have seen a return on their money... too many snouts in the trough with this one...

[neo26] 18/8/2021 07:41

Define huge? :)Generates over 30m cashflow per annum the well was exploration which cost c.2m net to sdx.This is why fools aim make no money.

[greyingsurfer] 18/8/2021 07:40

How can you call something that was flagged as having a 70% chance of happening a disaster? Not the result we wanted, sure, but that was always very much on the cards. That's the nature of exploration.

[gazza102] 18/8/2021 07:35

Makes little difference expect huge falls

[neo26] 18/8/2021 07:31

Not really, well cost $1.8m net to sdx, company still makes money. Produces 5800boepd, has 9.1m in bank and debt free.Mkt cap is only 30m.

[gazza102] 18/8/2021 07:24

What a disaster

[neo26] 18/8/2021 07:05

It was a duster

[shakeypremis] 17/8/2021 13:13

The directors will never buy shares, well certainly not Box or Reid, not in any significant fashion.

[neo26] 17/8/2021 12:52

The cos on hanut is 33% so it has better chance to fail.If sdx was pure exploration company and had no cash coming in then it may have fallen 40%.Sdx is only valued at 30m, can see it fall a penny at worse buy will eventually recover.Now if they hit hanut, this should double.Dyor gla

[baldguvnor54] 17/8/2021 12:27

My guess is we won't have to wait too long for Hanut results- and then we will see how the share price reacts. I hear those that are optimists- either on the result, or if the drill is a duster that the price stays roughly where it is. My crystal ball is no better than anyone else's but I am expecting a failure, and expecting a share price fall (and yes, I have sold a third of my holding in the last 24 hours- so am talking my own book).
If the price does fall it will be interesting to see if the Directors, or the company, comes in and buys some shares- be good to see

[neo26] 17/8/2021 11:21

WinnetThey have, sdx will drill warda and mohsen next year.They still want to test to top nappe in morocco also.Ev value 24m and cashflow 24. 1x cashflow is effing cheap.Exploration companies are worth more.Unbelievable..

[winnet] 17/8/2021 11:12

The issue is, they have not told us what the forward plan is - what future drill targets are.

I want to see them sell the business and return cash to shareholders if its a duster.

[neo26] 17/8/2021 10:34

Well a company with 30m mkt cap and Enterprise value of only 24m, you expecting it to tank?Sdx can move to other drill targets as their cash flow can cover it, no need to come to mkt for cash.Sdx is cheap on fundamentals...Risk vs reward is good

[baldguvnor54] 17/8/2021 10:24

The company put the chance of success on Hanut at only 1/3- so even they are expecting failure. If Hanut is a failure I don't see where the company goes- the management have not created any value whatsoever- Board looks useless and well paid- and I don't see anyone coming in with an offer for the company. Hope Hanut is a success- but ain't holding my breath- I expect the price to be tanked if failure

[tnt99] 16/8/2021 21:57

If hanut comes in there will be no reason to drill and spend all the profitThen this company will be making over 30 million a year I think this would double or triple the share price at least plus a dividend would help

[neo26] 16/8/2021 16:33

Pjj71Now that is silly, now in the midst of pandemic lowest it went was 12.2p, while others stocks went to silly levels.Mkt cap here is 30m, company is cash generative and not a wildcatter.I be patient with thia regardless of what happens at Hanut.

[pjj71] 16/8/2021 13:01

the trouble here is a good drill result will see a couple of % added to the share price and a disaster will see a tanking of 50%... with SDX there is only ever shareholder wealth destruction and never wealth creation... the trend is your friend.. avoid this widow maker at all costs...

[goldieshotz] 16/8/2021 10:55

A 30k unit trade. Stop panicing