Sdx Energy Share Discussion Threads

[tidy 2] 30/4/2017 09:32

SD-1X Gas Discovey Main target-tick>Any Oil = bonusGas discovery at initial target depth, drilling continues to lower horizon SDX Energy Inc. (TSXV, AIM: SDX) ("SDX"), the North Africa focused oil and gas company, announces that drilling on the carried SD-1X well at its South Disouq concession, where it holds a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth. The SD-1X well is targeting gas in the upper Abu-Madi section, and oil from the deeper Abu Roash and AEB horizon. To date the well has been drilled to a total depth of 7,777 ft. reaching its first target depth in the Abu Madi. The Company is pleased to announce that during drilling, conventional natural gas bearing horizons were encountered in the Abu Madi. The well encountered 65 ft. of net pay section with an average porosity of 25%. The results are in line with pre-drill estimates. Additional evaluation work is currently underway to provide an accurate recoverable volume estimate which will be the subject of a subsequent release. Drilling will now continue to the deeper Abu Roash and AEB sections, targeting oil. SDX will provide further updates on the drilling campaign in due course. Paul Welch, President and CEO of SDX, commented: "It is clearly very encouraging to have made a gas discovery at the first of SD-1X's target intervals. The 3D seismic data acquired and interpreted over the South Disouq concession has provided a very accurate view of the subsurface as the target interval has come in on prognosis. This provides us with additional encouragement for the deeper horizons where we are targeting oil. Any production testing of the Abu Madi or one of the deeper horizons will be undertaken after drilling operations have been completed and the rig has moved off location. "South Disouq is one strand in the SDX story. We have a diverse portfolio of assets in Egypt and Morocco, including further exploration opportunities. Irrespective of whether we have further success at SD-1X in the deeper horizon, this gas discovery and the ongoing development and facilities upgrades across our asset portfolio mean that we remain on track to build our production profile and maximise the value from our producing, development and exploration asset base. I am optimistic about our ability to deliver for our shareholders and also in the deeper sections of this well and look forward to reporting on our results in due course

[borg45] 28/4/2017 20:10

NeoDid say 80p+ lol Was being conservative as I have quite a few of these and don't want to order a Porsche when I could possibly get a Lamborghini have a good weekend and let's all have a great week after Monday

[neo26] 28/4/2017 16:19

BorgIts £1 target for gas, don't forget we are drilling 7 wells in Morocco soon that will be interesting, so will be over £1 by then...

[borg45] 28/4/2017 16:13

MM trying it on again and people falling for it !! This share on this gas find is worth 80p+ loads more potential to look forward to and if we hit the black stuff it's the icing on the cake

[neo26] 28/4/2017 15:59

This stock is undervalued. Mm's know nothing, bring on Tuesday...

[tidy 2] 28/4/2017 15:38

Drill already a success with the gas find. Oil is a bonus.

[pauliewonder] 28/4/2017 15:33

MM's trying to worry people out. Im in for the long haul. Not long now until we know and based on the confidence PW has, I have confidence too

[geoffmanana] 28/4/2017 13:20

My 20k is showing now....as a ?

[neo26] 28/4/2017 13:02

SoulsauceThis should be trading over £1 with current assets, it re rating..

[soulsauce] 28/4/2017 12:58

Hope the share price is telling us something, that said it was down before the gas find so who knows.

[ifthecapfits] 28/4/2017 12:48

Nothing to see here. ;)

[oilandgas1] 28/4/2017 12:46

This has become one of the biggest valuation plays in 2017.. oil news next week would be great. There are only a few good oil and gas Shares with FCF around and good potential (e.g. SRON,Genl,)

[neo26] 28/4/2017 12:33

I don't think you will see £3 in short term, if they get their 25boepd then its a possibility, in year or two time...

[tidy 2] 28/4/2017 12:13

£3-£5 destined here. Very dynamic CEO

[tidy 2] 28/4/2017 12:12

Explains the tick up.

[geoffmanana] 28/4/2017 12:11

Just added another 20k at 65.9p....not showing yet.

[bountyhunter] 28/4/2017 12:10

yes, wouldn't like to be out over the BH w/e!

[neo26] 28/4/2017 12:02

Afternoon rush coming, if the oil comes in, its potentially another 100m barrels of oil in bag, don't forget that deep well primed for drilling.

[someuwin] 28/4/2017 11:53

Yup - hoping for new highs this afternoon.

[pauliewonder] 28/4/2017 11:51

Think we might see a rise into the close from here. Its not a bad punt for oil, hit and you could double your money, miss and it might drop temporarily and then come back up. If I wasnt loaded up I would be in for more

[cashandcard] 28/4/2017 11:26

neo,


I doubt Shell will be interested, they have enough going on. Apache - maybe - but only IF we can discover oil and the model indicates far greater potential throughout the block. To be fair, local delta operators like Dana, Dea and a few others are more likely candidates for us to partner with.


Cash

[neo26] 28/4/2017 10:45

CashWhat the odds shell/apache came back to get more once the 3d results came in last Oct?PW did mention large players wanted to farm in..Regards