Sdx Energy Share Discussion Threads

[saw89] 19/4/2017 20:25

That valuation is just for NAV , which fails to take a lot of other things into acct.

30m earnings forecast pre-SD1X, and we know many businesses market value is well over 10x earnings.

Or take Sound for example, 400m valuation with no current earnings / production!

[shakeypremis] 19/4/2017 19:55

Edison give a valuation without oil of C$1.27 or 73.6p

[deltrotter] 19/4/2017 19:51

Tx someuwin

[someuwin] 19/4/2017 19:24

Edison Update:

SDX Energy

Gas discovered at South Disouq

19 April 2017 | Update, Oil & Gas, SDX Energy...

[pauliewonder] 19/4/2017 19:15

Another fantastic day. So glad I topped up again today before the rise. Very exciting times. We should be above £1 but the journey there and much beyond £1 is exciting. Well done to all holders.

[soulsauce] 19/4/2017 16:49

Great post cash.

[saw89] 19/4/2017 16:49

This should have been close to £1 before this gas discovery, based on the Circle acquisition.

On track for £30m earnings this year based on pre-SD1X drill assets. Mcap of just over 3x earnings?! Madness.

The mkt is now waking up to the a) SD1X drill b) Circle acquisition

we then have:

c) oil results from SD1X due within a few trading days
d) oil results from the next dril SD Deep 1x
e) other gas discoveries (maybe oil too) in South Disouq based on the source rock now being confirmed
f) Morocco gas drills to double production, which are low-risk & high-margin
g) Other reworks to increase production
h) another acquisition of a distressed asset.... ?!

:)

[cashandcard] 19/4/2017 16:43

Here is another look at what the current well is targetting;

Cost is $3.7mln - $3mln to be carried by minority partner IPR. There are 3 targets in the well;


1) Kafr El Shaikh - prolific and shallow Nile Delta dry gas zone, produces on this trend.

2) 400bcf + 16mln Condensate 'Abu-Madi Baltim' Primary target - Prolific gas-condensate play dominated by ENI/BP - generated 6.4tcf of gas in this trend and hundreds of millions in liquids. SDX have bagged the southerly extent of this gas trend in their South Disouq license. This target is mapped by 3D, its also very exciting as it has a positive class 3 AVO response - such responses in this Abu-Madi trend have achieved near 90% drill-discovery success rate. Some of the SDX team worked on El Wastani discovery, north of SDX's license, in the days of Centurion Energy (tsx). That field was an Abu-Madi gas-condensate producer that did around 200mscfd of gas at its peak plus thousands in liquids production daily. Centurion were taken over. The SDX guys know this trend very well. This target has since come in bang on prognosis - with 65ft netpay and 25% porosity.


3) Abu-Roash and AEB deep oil zones (upto 100mln bbls). These zones were only noticed when 3D seismic was completed and subsurface VP Cameron Snow, who was previously with Egypt's most successful onshore explorer Apache, noticed these deeper horizons were present and they were 'within closure', were oil to be present. Abu-Roash & AEB are prolific western desert oil producers. SDX's partner IPR produce from AEB in the western desert.

The excitement at SDX is as much to do with the above oil zones, which they are heading down to now, as it is with the discovered gas.


A few metrics; at 28th Feb 2017, SDX had:


-$18mln cash + receivables from Egyptian government.

-NO DEBT

-4,200boepd

-12mln bbls (2P)


There is huge potential in this well. 3D seismic uncovered several prospects - one of them a large oil target - but they postponed that because the current drill has multiple targets and is supported by a strong AVO response. SDX is already production and reserve heavy, 4,200boepd split between Oil in Egypt and high-value Gas in Morocco.

A discovery in the gas zones of the Abu-madi will be a big longterm value enhancer. A potential discovery in the deeper oil formations will be outstanding on every level - we should know within 2-3weeks.


Cash

[bountyhunter] 19/4/2017 16:35

#1587 none of us could which is why many added yesterday morning myself included :)

[neo26] 19/4/2017 16:34

they have found large gas discovery, this alone should increase the share price to around £1. MKt a bit slow realising this, SDX can stand on its own two feet, they are making money...

The oil is an added bonus...

[deltrotter] 19/4/2017 16:34

LOL - he will ten bag his cash if he has the patience to hold on for a couple of years IMO....

[homebrewruss] 19/4/2017 16:33

@franki8 your mate will do fine I think. I can't believe it was still so cheap to buy yesterday (and today!)

[soulsauce] 19/4/2017 16:29

Go on then you beauty ;-)

[franki8] 19/4/2017 16:29

Get in there!!! I told a mate of mine to research this company a couple of weeks ago, and reminded him about it last thursday on the dip - he decided to wait until tuesday to buy... ooops.

[timw3] 19/4/2017 16:23

Days highs going into close. bodes very very well for a big gap up tomm and further sustained rises into news.

[neo26] 19/4/2017 16:13

borg

not really, profit is profit to some, some are day traders other are long term.

Its up to the person with what position they will take, long term this has great potential, unlike some company they can take years to get to production ie panr but sdx are already producing and can get the current find up and running in the near future.

Fantastic opportunity..

[borg45] 19/4/2017 16:12

MM with a desperate shake not worked 70p here we come

[borg45] 19/4/2017 15:59

Thanks NeoI'm trying to figure out why people are selling after 2x1000000 buys doesn't that tell you something

[cashandcard] 19/4/2017 15:59

Remember, Artemis Global Energy Fund have included SDX as one of their holdings in the last few months.


Cash

[neo26] 19/4/2017 15:54

BorgIt already is, they have good funds invested here..Rerate is happening..

[deltrotter] 19/4/2017 15:53

Remember that the consolidator can be consolidated.

Very possible that SDX gets taken out itself soon enough IMO.

[borg45] 19/4/2017 15:50

How long before this share comes on the fund managers radars??

[ziblot] 19/4/2017 15:49

Must have been all my buying lol.