Sdx Energy Share Discussion Threads

[cashandcard] 11/4/2017 09:47

PMF,


The interim update could be end of this week or early next. I think they should drill to TD and then slowly release on what's been discovered in the well. I see current no-news as neutral at this stage.



Cash

[plentymorefish] 11/4/2017 09:21

Yes, I get that, but PW alluded to 'updates along the way' and as we're approximately half way through (using the longer of the 45 days as a guide), I thought we might have heard something by now. I can wait.....:)

[cashandcard] 11/4/2017 09:20

paulie,


We are certainly in the business end of the well by now. 1) KES dry gas zone,they should be well past that by now, its a shallow play. 2) Abu-Madi Gas-Condensate primary target zone, they should be onto that now if not through it. 3) AEB and Abu-Roash oilzones, should be onto that in the next few days, within a fortnight at the latest.


Cash

[saw89] 11/4/2017 09:19

It's a 30-45 day well. We are on day 22. An update will come soon.

[plentymorefish] 11/4/2017 09:13

Should we see the lack of updates as positive/negative/neutral?

[someuwin] 11/4/2017 09:07

Getting very exciting now.

[pauliewonder] 11/4/2017 08:43

Be interesting to see where they take this today. It's now 21 days since drilling began (of a 28 day well). Would have expected an update by now given that they should be around three quarters done.

[tom111] 10/4/2017 20:21

Brent nearly $56 and almost touching high for the year,looks good

[neo26] 10/4/2017 17:37

Looks like a buy from last thursday!!!

[soulsauce] 10/4/2017 17:16

Hmmm 200k buy @ 54p that ain't no PI.

[neo26] 10/4/2017 15:59

volume is low, this will recover, waiting patiently for update.

[someuwin] 10/4/2017 15:57

Top up time imo.

[neo26] 10/4/2017 13:18

thegreatgeraldo

You are correct..

Morocco we are generating $13m free cashflow and west Gemsa around $8.5m.

[deltrotter] 10/4/2017 12:22

Tx TGR - so way way less than I am thinking.

[thegreatgeraldo] 10/4/2017 12:19

No need to estimate, the figures are in the pres..... EG at NW Gemsa govt take is 53.9% (see page 13 of the pres)

hxxp://www.sdxenergy.com/~/media/Files/S/Seadragon-Corp/presentations/2017%20January%20SDX%20Deal%20Presentation%20Final%20Website.pdf

[deltrotter] 10/4/2017 12:14

What would your estimate be TGR per dollar increase based on 4k per day production (its all a bit difficult as I am trying to strip out the morocco gas - where the price is fixed).

[thegreatgeraldo] 10/4/2017 12:09

neo, thanx, I've looked at the figures in the presentation

[neo26] 10/4/2017 12:04

GeraldoAll expenses per barrel is $21..

[thegreatgeraldo] 10/4/2017 12:04

deltrotter - don't forget the Egyptian state takes a big cut

[deltrotter] 10/4/2017 11:50

I estimate that at c4k barrels of oil a day current production then every $1 increase in the price of oil equates to another £1m pa increase in free cash flow to SDX.

[neo26] 10/4/2017 11:39

Tom oil will pass $60, our margins in producing North West Gemsa field looking even more attractive...

[slepy] 10/4/2017 10:56

Someone still selling in chunks of 25k.
We need the seller gone to move up.

[tom111] 10/4/2017 10:50

Oil is $55.70 it just gets better

[potential] 10/4/2017 10:40

Slow and steady folks - SDX is going to be MASSIVE...

[ifthecapfits] 10/4/2017 10:34

SO we might not get an announcement until after the Easter weekend.