Sdx Energy Share Discussion Threads

[ashkv] 26/8/2021 13:01

Thx ShakeyCEO and CFO need to be SACKED straight away - They have failed MISERABLY

Also why are SDX hiring new employes when the firm performing so badly - Overpaid underqualified juvenile Nick Box - CFO of such a small operation probably has not much to do as is - and is now likely fully relaxing / doing nothing working from HOME since very recently hiring his below fellow mate from PWC - what a great lifestyle company.

Lucky lazy non-performing parasitic muppets at SDX.... robbing from shareholders to enrich themselves... shameless...

Daan Hanssen
hxxps://www.linkedin.com/in/daanhanssen/

[shakeypremis] 26/8/2021 10:55

Sent you PM ashkv

[shakeypremis] 26/8/2021 10:46

Box and Reid alone are taking just under 25% of General and Administrative expenses per year with their salaries of a combined US$1m/year.

[ashkv] 26/8/2021 10:38

CEO and CFO need to be SACKED straight away - They have failed MISERABLY

Also why are SDX hiring new employes when the firm performing so badly - Overpaid underqualified juvenile Nick Box - CFO of such a small operation probably has not much to do as is - and is now likely fully relaxing / doing nothing working from since very recently hiring his below fellow mate from PWC - what a great lifestyle company.

Lucky lazy non-performing parasitic muppets at SDX.... robbing from shareholders to enrich themselves... shameless...

Daan Hanssen
hxxps://www.linkedin.com/in/daanhanssen/

[ashkv] 26/8/2021 10:37

WHY DO WE NOT HAVE THE DETAILS OF THE UPCOMING MOROCCO DRILLS - CHANCE OF SUCCESS / RESOURCES TARGETED / COST OF DRILLS??

WHY ARE SDX SUBSIDIZING MOROCCAN BUSINNESS WITH UNPROFITABLE GAS FOR SHAREHOLDERS!!!!

PARASITIC WORTHLESS BOARD CEO AND CFO!!!

LEECHES!!!

[tnt99] 25/8/2021 17:14

They need to reduce their prospecting to bring in a profit of current assets of over 10 million this should bring the share price up never now they might strike oil in Egypt like Union Jack oil have just done

[ashkv] 25/8/2021 16:26

SDX belatedly have their Half Year Results 2021 Report out on their website -> hxxps://wp-sdxenergy-2020.s3.eu-west-2.amazonaws.com/media/2021/08/20080635/SDX-Corporate-Presentation-H1-2021-results_final-2.pdf

2022 will be pivotal for South Disoq as SDX will be drilling 2 wells with reasonable resources being targeted with greater than 40% chance of success for the drills (at least one should come through is around 80% probability if you do the math)
[•Q2 2022 Mohsen (27Bcf - 46% Chance of success), Q3 2022 Warda (14Bcf and 40% Chance of Success) and TBC well during Q1 2023 at South Disouq]

Still sketchy / omit production prospects they are drilling in Q3-Q4 in Morocco - which I think is outrageous and unacceptable... probably taking into acount Chance of Success and Reserves targeted these are unprofitable/uneconomic wells...

Primary South Disouq Prospects - From Presentation ->

Prospect Class P50 EUR (CoS)
Mohsen Prospect 27Bcf 46%
El Deeb Prospect 22Bcf 29%
Warda Prospect 14Bcf 40%
Ibn Newton/Newton Dual-Prospect 16Bcf 40-45%
ShikabalaKES cluster (two wells) Prospect 16Bcf 25-40%
Total Prospects 95Bcf

Key upcoming catalysts from multi-year programmes with the drillbit:
•Q2 2022 Mohsen, Q3 2022 Warda and TBC well during Q1 2023 at South Disouq
•Q4 2021 West Gharib drilling campaign commences comprising of 8-12 development wells over three years to
recover 2.0-2.3 (W.I.) MMbbl of incremental 2P reserves and increase production.
•2021/22 Drilling six wells in Morocco to add production

[tnt99] 25/8/2021 14:47

Only going one way from here up up and away fill your boots

[wigwammer] 25/8/2021 14:03

Ash - interesting to note also, that the decommissioning liability on the balance sheet is just 7m usd. So they have no debt, and in the event production is wound down and mothballed, a marginal cost to pay out of cash.

[ashkv] 25/8/2021 13:14

Just updated my Enterprise Value per Barrel analysis - I don't think there is a cheaper Gas firm on this metric in the AIM universe.. Also while I have included inventory as it is a short term liquid asset - I have not included $4mn of investments listed by SDX in the HY Report

Enterprise Value of only US $13.4 million - clearly a no-brainer takeout for some opportunistic buyer who can run for cash if management will not....

Brent $70.50
SP 10.875
GBPUSD 1.37
Market Cap GBP £22,000,000
Market Cap USD $30,140,000
Debt - Zero Debt
Net Cash $9,100,000
Inventory $7,640,000
Enterprise Value(EV) USD $13,400,000
Guidance Prodn 5,931 Actual H1 202
EV/Barrel-USD $2,259

[gazza102] 25/8/2021 11:42

Not if it goes to 5p as pj said

[tnt99] 25/8/2021 11:39

Got to be a screaming buy at these prices

[wigwammer] 25/8/2021 10:53

Highly encouraged by the number of posts from the try "a bit too" hard pessimists. Morning, noon and night they're at it. FGS don't let them have your shares down here :)

[shakeypremis] 25/8/2021 10:45

We don't know that they are dumping everything. They've only sold a bit so far and it would have made more sense not to declare they'd sold any if they intended to sell more. I don't really know what they are doing selling any down here at these prices if they don't intend to exit though.

[pjj71] 25/8/2021 10:24

the penny clearly dropped with the large shareholder... now they seem happy to dump, who knows the widow maker could reach 5p very quickly...

[shakeypremis] 25/8/2021 10:09

Christ. It just won't stop going down. I feared Hanut was kind of make or break short term. There are no near-term upside catalysts now. We only have the hope we can get some more cash on the balance sheet over the next year or so. That's literally it, and with this management team's track record of spending all the cashflow generated from operations on CAPEX that don't really add significant reserves (none added in Egypt this year at all and very minimal if any in Morocco so far - maybe some more will be added with remaining two drills) you can't have any real confidence that cash will added.

[pjj71] 24/8/2021 08:41

will it take 1 month or 1 year to reach 5p??? you never know with the widow maker the timing but you know the trajectory!

this never has and never will be run for shareholders... a textbook aim lifestyle company... lights stay on til the cash runs dry...

[shakeypremis] 23/8/2021 16:16

Seems there may be some investigations going on for the Qawasim sands/formation. I thought that might be the case from the RNS but it was worded poorly and sounded more like it simply derisked their existing drill ready prospects in the Qawasim.

"Disappointing result, but a return to exploration drilling planned in the area for 2022

The well result is disappointing, however the potential of the Qawasim formation - where good quality sands were encountered - will now be investigated."

[wigwammer] 23/8/2021 16:14

"They are forecasting net cash of $34m 2022" ... wow :)

[kaos3] 23/8/2021 16:07

23 Aug '21 - 14:23 - 8695 of 8700
0 0 0
PH note finally out. Reduces PT to 30 from 35p, still a buy.

Surplus cash will fund acquisitions or pay outs to shareholders

EDIT - thank you, ghhghh, for the numbers

[shakeypremis] 23/8/2021 16:05

Where are you getting that figure from ghhghh? Cheers

[shakeypremis] 23/8/2021 16:01

That must mean they only project to spend very approximately US$10m on CAPEX next year. Interesting. US$34m could provide something of a war chest for acquisitions.

I am not quite sure how though give they plan to drill 4 wells in Morocco and 2 in Egypt in South Disouq.