Sdx Energy Share Discussion Threads

[jimboau] 22/3/2022 09:01

Lifestyle company for the mismanagement team and therefore investor sentiment trashed/non existent.

[winnet] 22/3/2022 09:00

All i can say is no one has any faith in Ried and Box... Plus the business is always jam tomorrow... very little FCF and what they do make they plough back into assets that are tied into low-value contracts like Morrocco, for example.

Don't get me wrong, this is a high-value discovery of SDX as its Egypt, with much higher margins. But didn't the management team sell off a large percentage of SD last year... Whoops!

[tnt99] 22/3/2022 08:47

The market cap of this company is crazy as the two recent discoveries probably account for the total current valuation anyone explain this to me?

[tnt99] 22/3/2022 08:32

Oh I starting to understand this investing thing sdx discovers gas and oil and the share price goes down as everyone starts selling their shares is that right?

[winnet] 22/3/2022 07:49

Hindsight, but...Another outstanding move from messers box and reid selling south disouq off for peanuts late last year...

You need a TMT that is either good or lucky, this mob is neither.

[hiddendepths] 22/3/2022 07:26

It's nice when 40% chance of success wells come in!

SDX seems to be back on track and each success derisks further wells. I suspect that sentiment will turn before too long.

[ashkv] 22/3/2022 07:25

Brent: $118.50
Share Price: 8
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.31
Market Cap GBP: £16,430,246
Market Cap USD: $21,523,622
Debt: $0
Cash (1 Feb 2022 Operational Update): $10,600,000
Inventory (2021 Full Year Figures): $6,747,000
Investments (Egyptian Oil Services Firm per 2021 FY Report): $3,593,000
Enterprise Value(EV) (Only Subtracting Cash): $10,923,622
Enterprise Value(EV) Sub (Cash+Inventory+Investment): $583,622
Prod Guidance 2022 (3,300 - 3,550 Mid is 3,425): 3,425
EV/Barrel-USD (Cash): $3,189
EV/Barrel-USD (Cash+Inventory+Inv): $170
(Minimal Decommissioning Costs)

[ashkv] 22/3/2022 07:25

RNS Number : 5244F
SDX Energy PLC

22 March 2022

SDX ENERGY PLC ("SDX", the "Company" or the "Group")

SD-5X WELL DISCOVERY AT SOUTH DISOUQ CONCESSION EGYPT

SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce a gas discovery at the SD-5X exploration well which targeted the Warda prospect in the South Disouq development lease.

SD-5X (SDX:36.85% WI) spudded on 4 March and reached TD at 7,855ft MD on 16 March which was on time and within budget. The primary basal Kafr El Sheikh target was encountered at 6,973ft MD and discovered 55.5ft of net pay gas sand with an average porosity of 26.3%, all of which were in line with pre-drill estimates. SD-5X will now be completed, tested and tied-in via the existing SD-4X flow-line to the CPF and it is estimated that the well will be on production in June 2022. An announcement concerning the results of the testing of SD-5X will be made in due course.

With the completion of SD-5X, the rig will now move to the second well in the three well campaign, SD-12-East on the Sobhi Field (planned spud of mid-April). The third well in the campaign will be the MA-1X well targeting the Mohsen prospect (planned spud of mid-to-late May).

Mark Reid, CEO of SDX, commented:

"I am very pleased to announce the success of the first well in the South Disouq 2022 drilling campaign, and, that the SD-5X well aims to contribute to production by June 2022. Our production guidance issued earlier this year did not reflect success at this well and as a result we will be providing updated guidance once the well is connected and producing. The three well campaign aims to further exploit the potential that we see in the South Disouq area. I look forward to updating the market further on the results of the SD-5X well-test and as the 2022 campaign progresses."

[tnt99] 21/3/2022 14:04

Oh I see you add 300 barrels of oil per day at the high price of 112 nearly twice the 68 dollars used in their model and the share price goes down?????

[tnt99] 19/3/2022 20:57

Disappointing results but I still believe the future is bright for this company in the current European desire for more oil and gas Plus the share buy back should helpWhich I think starts in May/June

[tnt99] 17/3/2022 20:01

Got a good result with reabold and Union Jack today this one will be next me thinks with production increasing and higher prices on the new contracts and demand from all over Europe better than money in the bankLol

[ashkv] 17/3/2022 11:10

At current share price Enterprise Value is ZERO... which is a "special situation" if there ever was one...

Mis-priced, ultra small market cap, low float and low visibility share...

[tnt99] 17/3/2022 09:13

Good news this if the next one comes in this should start to rise reaching my expected price of 23p here's hoping things go well and with 2 rigs it can happen very quickly

[ashkv] 17/3/2022 07:38

Brent: $100.50
Share Price: 8.25
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.32
Market Cap GBP: £16,943,691
Market Cap USD: $22,365,672
Debt: $0
Cash (1 Feb 2022 Operational Update): $10,600,000
Inventory (2021 Half Year Figures): $7,640,000
Investments (Egyptian Oil Services Firm per 2021 HY Report): $4,013,000
Enterprise Value(EV) (Only Subtracting Cash): $11,765,672
Enterprise Value(EV) Sub (Cash+Inventory+Investment): $112,672
Prod Guidance 2022 (3,300 - 3,550 Mid is 3,425): 3,425
EV/Barrel-USD (Cash): $3,435
EV/Barrel-USD (Cash+Inventory+Inv): $33
(Minimal Decommissioning Costs)

[ashkv] 17/3/2022 07:37

New West Gharib well online at 300bpd Gross / 75 net to SDX - AND SECOND RIG FROM APRIL TO ACCELERATE DRILLING AT WEST GHARIB - HOPEFULLY BOOM TIME :)

AT $100 oil and 1K bdp net sooner rather than later this share price is a travesty - WELL DONE TO THOSE WHO HAVE ADDED AT THE BOTTOM... HOPEFULLY I WILL SEE A RETURN OF MY CAPITAL :) :)

[ashkv] 08/3/2022 09:58

RNS Re Spud of SD Well



8 March 2022

SDX ENERGY PLC ("SDX", the "Company" or the "Group")

SPUDDING OF SD-5X WELL AT SOUTH DISOUQ CONCESSION EGYPT

SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce the spudding of the SD-5X exploration well, targeting the Warda prospect in the South Disouq development lease. SD-5X spudded on 4 March 2022 and is expected to reach TD in approximately three weeks. The primary target, which has already been encountered in the Ibn Yunus and Sobhi field reservoirs, is the basal Kafr El Sheikh sand at around 6,800ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 11bcf and has a 40% chance of success. In a success case, SD-5X will be tied-in to the CPF via the existing SD-4X flow-line and should be on production by the end of June 2022.

SD-5X is the first of three wells to be drilled in the South Disouq area during 2022. The second well in the campaign will be the SD-12_East well on the Sobhi Field (planned spud of mid-April). SD-12_East will target an estimated gross unrisked P50 EUR of 7bcf, and will be followed by the MA-1X well (Mohsen) targeting an estimated gross unrisked P50 EUR of 21bcf. The Mohsen well is planned to spud mid-to-late May.

Mark Reid, CEO of SDX, commented:

"I am pleased to announce the spudding of the first well in the South Disouq 2022 drilling campaign. This campaign will further explore and exploit the potential that we see in the South Disouq area and, if successful, could extend the production life of the asset by a further two to three years. I look forward to updating the market further as the campaign progresses."

[ashkv] 08/3/2022 09:50

This share is depressing - See from a filtered message that a mental case has been ranting and raving like the madman he is.. what a sad pathetic loser...

[ashkv] 07/3/2022 08:19

Brent: $127.00
Share Price: 7.75
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.32
Market Cap GBP: £15,916,800
Market Cap USD: $21,010,176
Debt: ZERO DEBT WITH VERY LOW DECOMMISSIONING COSTS
Cash (1 Feb 2022 Operational Update): $10,600,000
Inventory (2021 Half Year Figures): $7,640,000
Investments (Egyptian Oil Services Firm per 2021 HY Report): $4,013,000
Enterprise Value(EV) (Only Subtracting Cash): $10,410,176
Enterprise Value(EV) Sub (Cash+Inventory+Investment): -$1,242,824
Prod Guidance 2022 (3,300 - 3,550 Mid is 3,425): 3,425
EV/Barrel-USD (Cash): $3,039
EV/Barrel-USD (Cash+Inventory+Inv): -$363
(Minimal Decommissioning Costs)

[tnt99] 03/3/2022 11:39

But this company is in a very good position for the demand for gas and oil if Russia turns off the taps or Europe tries to source from elsewhereI expect this to at least double in short order on another good RNS

[tnt99] 02/3/2022 21:06

Don't forget some are still being caught up in their 5 year fixed price contracts which are coming to an endIn the main