Sdx Energy Share Discussion Threads

[trulyscrumptious] 19/4/2017 13:45

neo26. Thanks for posting that map, the excitement is starting to mount and the champagne's on ice.

[someuwin] 19/4/2017 13:37

its another v high volume day.

[neo26] 19/4/2017 11:53

SimonYes!!!!!!

[blueball] 19/4/2017 11:50

Getting closer to 65p by the day.

[simonparker5] 19/4/2017 11:47

So we potentially have 3 bites at the cherry on finding oil! This could get very exciting over the next few days.

[shakeypremis] 19/4/2017 11:46

I hope they go after KES again if they have missed it this time around, could be a decent amount of gas there. Even the two smaller targets in KES may be worth drilling, more so the one on the left.

[neo26] 19/4/2017 11:44

nasnas

that what PW said yesterday they have 3 to 4 prospects which are similar to this well... The abu madi section that is for gas...

[nasnas1] 19/4/2017 11:42

The block is quite extensive so I would expect at least 3 /4 subsequent drills within the block to really get production ramped up

[nasnas1] 19/4/2017 11:41

The seismic interpretation was spot on. These guys have experience in this field. One of them worked with Apache which we all know is huge. I am here for the oil and interest and speculation will build as we head into this zone. on the cusp of transformational news.

[neo26] 19/4/2017 11:41

Cash from the image above it does appear they only clipped KES..

[neo26] 19/4/2017 11:38

nasnas

if you look at the seismic diagram, the first oil horizon is not far from abu madi gas zone, they may be their now!!!!

[cashandcard] 19/4/2017 11:34

tgg,

You could well be right.

However, they make no mention of the KES at all - the KES was the shallowest horizon in this well.

In the interview, PW mentions main target intervals/horizons. The Abu-Madi in this trend is generally characterised by two (sometimes more) sands; the upper and lower Abu-Madi. I think the 65ft was netpay from both combined. I suspect they may have missed KES or clipped an insignificant thin stringer type sand which is included in gross pay - which they do not comment on.


Cash

[nasnas1] 19/4/2017 11:33

Days away from hitting oil target

[thegreatgeraldo] 19/4/2017 11:29

cashandcard
19 Apr '17 - 11:14 - 1529 of 1533 0 0
They mention horizons with netpay of 65ft (20m). I suspect that will include the upper and lower Abu-Madi sands.

...that's not how I read it. I took the pay to be in the principle target, the shallower secondary target was in the Kafe el sheikh sands.

[trapissed monk] 19/4/2017 11:20

Getting pretty excited now.

[brasso3] 19/4/2017 11:20

Seller cleared.

[nasnas1] 19/4/2017 11:15

Get in early

[nasnas1] 19/4/2017 11:15

Remember we will be hitting the oil zone in the next 5 days. Game changer

[cashandcard] 19/4/2017 11:14

They mention horizons with netpay of 65ft (20m). I suspect that will include the upper and lower Abu-Madi sands. Regionally, these sands have been prolific producers of gas-condensate, characterised by high flowrates and good level of liquids production.

But the real steal will be if we get oil in deeper levels. Amazed more folk have not picked up on this possibility. There were great hopes for oil at AEX, which helped momentum after the initial gas discovery announcement. The case for oil here is arguably greater and SDX have actually mapped the target horizons. Its a question of whether the black stuff comes in on prognosis or not.

What gives me confidence is subsurface VP Cameron Snow reviewed 3D data and he is modelling oil to be within the closure. CS was previously with Apache, who are one of the most successful onshore oil explorers in Egypt in recent years. He has a good knowledge particularly of the Western Desert plays.


Cash

[potential] 19/4/2017 11:10

Now looking pretty much same to SOLO/AEX/SOU/PANR style rise!!!Seller gone with that 1.5m sell!!!!

[ride daice] 19/4/2017 11:02

It's taken a while.

[someuwin] 19/4/2017 10:45

Peeps starting to wake up to what good value this is.

[saw89] 19/4/2017 10:43

Remember, porosity is av. 25% which is excellent - should correspond to v. good flow rates..

[pauliewonder] 19/4/2017 10:24

Bought more

[nasnas1] 19/4/2017 10:06

Some big delayed buys being printed. ...big buyer in the background