Sdx Energy Share Discussion Threads

[roman2325] 01/11/2023 16:02

Only selling on the back of this.

Basically it won't encourage more financiers to step in and fund the next stage

[tnt99] 31/10/2023 12:56

Well I think so but low production figures though

[roman2325] 31/10/2023 11:48

Is this good news though? What were they expecting?

I would expect a little more pomp if they had struck gold...half of the statement was repeating what we already know

[chrisdgb] 31/10/2023 10:26

Crazy price........

[tnt99] 31/10/2023 07:48

A little good news at last but where is the mention of the takeover of the Egyptian assets going forward as planned?

[winnet] 29/10/2023 08:43

One would imagine...

Zero volume for weeks now...

[tnt99] 28/10/2023 18:09

Must be soon??!

[roman2325] 25/10/2023 09:36

They have cash flow problems - it is almost impossible to raise today (see the awful terms they accepted with Aleph) so a company like CITIC will not accept anything less than a deal heavily in their favour - why else would they?

This all rests on them striking gold in the latest drilling program - either that or partnering with a major backer allowing them to grow organically (which will not be a quick fix to the share price).

Its a potential long-term turnaround play - by that I mean 3-5 years

[winnet] 24/10/2023 09:41

So what are thinking then. Market seems to say no value to the deal...

[34adsaddsa] 22/10/2023 18:32

Any cash pile should be massively discounted because they have a long history of destroying value and will remain significantly FCF negative.

[winnet] 20/10/2023 09:08

nah, you never get the value expressed properly in the share price. They'll be a modest rise, retrace and then I expect it to settle at about 6-7p. BWTFDIK

[chrisdgb] 18/10/2023 15:00

Double on disposal.........?

[winnet] 17/10/2023 10:48

There might not have been a discount. Could have been based on the contractual rate for Morrocco? that Gould fella said hes open to questions, well perhaps that is one that we could ask.

[winnet] 16/10/2023 15:25

yeah, that was my question... not disclosed.

[roman2325] 12/10/2023 16:38

How big a discount did they accept for CITIC to agree prepayment?

[winnet] 05/10/2023 10:21

expected to close by the end of the year...

[neo26] 05/10/2023 09:38

Still waiting for egypt deal.

[winnet] 05/10/2023 09:20

no, I mean the next year and beyond as this will see them over the line in Egypt. Once the Egypt deal is done, they won't be worrying about how to pay the bills for at least another year or two!

[neo26] 05/10/2023 09:18

This quarter you mean.

[winnet] 05/10/2023 09:00

market like this news. I guess they see this as securing the next year for sdx

[chrisdgb] 05/10/2023 08:56

Fundamentally too cheap at these levels, cannot wait for the transaction to be finalised........up towards 10p...

[winnet] 05/10/2023 08:56

was the cost of the KSR-21 well 2 million bucks? Surely not!

[tomboyb] 05/10/2023 08:47

Interesting contract -

[tomboyb] 05/10/2023 08:35

SDX Energy PLC Contract (7423O)
05/10/2023 7:00am
UK Regulatory (RNS & others)

Sdx Energy (LSE:SDX)
Intraday Stock Chart

Thursday 5 October 2023

Click Here for more Sdx Energy Charts.
TIDMSDX

RNS Number : 7423O

SDX Energy PLC

05 October 2023

5 October 2023

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

SDX/CITIC GAS PREPAYMENT PARTNERSHIP UPDATE

SDX is pleased to announce that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms ("HoT"), the prepayment amount of c. $1.9 million has now been received from DIKA MOROCCO AFRICA, a 100%-owned subsidiary of CITIC Dicastal, which is a subsidiary of Citic Group, a Chinese holding company with a corporate portfolio approaching $1 trillion.

This prepayment shows evidence of a deepening partnership between SDX and CITIC Dicastal, which is the Company's largest offtaker and has an increasing and immediate demand for SDX's gas.

The funds will be used primarily to pay the costs of drilling the KSR-21 well in Morocco.

For further information:

[winnet] 05/10/2023 08:21

Good news they have just received a large chuck of change, but more details would be nice. We have no idea about any of the terms!