Sdx Energy Share Discussion Threads

[neo26] 03/5/2017 14:32

you forgot the $16m receivable from the Egyptians, also..

[deltrotter] 03/5/2017 14:29

ha ha - nice one cap'n

[captain james t kirk] 03/5/2017 14:28

flowlow

No debt, over $20 miilion cash, $31 million 2017 and $41 million 2018 free cash flow.
Looking to double production and increase reserves at both of their producing assets this year, drilling at least 7 exploration/development wells in 6 months and just announced a major gas discovery.
Are the Enterprise scanners missing something here :)

[franki8] 03/5/2017 14:24

go on then...

[cashandcard] 03/5/2017 14:24

lowflow,

Go for it, I dare you.


Cash

[soulsauce] 03/5/2017 14:23

lowflow do your best, and then do some research.

[neo26] 03/5/2017 14:23

Some idiots really do pop out dont they, just let us know when u put in your short..

[lowflow] 03/5/2017 14:21

Is it time to short SDX?

The stock has doubled since the early Q1 capital increase. While the oil price showed significant weakness lately.
I think the Circle Oil deal was attractive, but the challenge with the deal is a) The short reserve life, b) The short reserve life is creating a significant exposure to the near-term commodity price as the reserves are being produced rapidly, c) The well commitments coming with these assets.
How much cash will SDX actually have to spend the next 12 months to cover the well commitments they have?
What will the depletion be from the current asset? And how much cash does SDX have to invest to hold up production?

I am not involved in the stock right now, but its starting to look like an interesting short.

[borg45] 03/5/2017 14:16

CashI agree with your sentiments entirely and cannot see why people are not prepared to just wait and reap the rewards it seems any little downward movement of the share price is all doom & gloom that's how MM make money be patient like me and when the time comes pop the champagne & smoke that Cuban !!!

[someuwin] 03/5/2017 14:11

Can't buy many online.

[deltrotter] 03/5/2017 14:07

tx neo - hence why one of the brokers said the gas find would (if proved up) produce a 'step change' in free cash flows.

And we all thought the free cash flow was great as it is!

[neo26] 03/5/2017 14:06

del

if we get around $3.50 per mcf and they test the well for 20mmcfd, its around $25m turnover per annum just on this well. You can bet they will drill more development wells to increase production in this field, of course this will be shared with our partner..

[cashandcard] 03/5/2017 14:01

deltrotter,


I would not be surprised. The Egyptian government have slowly moved towards increasing gas prices paid for local producers. However, that'll take time to come through for all. I'm more confident of the prospect of condensate from the Abu-Madi, that should ensure a good profitable price for SDX sales. The Abu-Madi/Baltim trend is liquids rich.


Cash

[deltrotter] 03/5/2017 13:49

Cash - this was posted on another board - interesting.... what do you think?

"I asked SDX after the gas discovery was announced what price they expected to get for the gas and the answer was $3.50 to $4.00 per mcf, hope this helps."

I read something similar in one of the brokers notes on the SDX website.

[cashandcard] 03/5/2017 13:47

borg45,

Definitely. The value proposition here improved after the recent Abu-madi gas discovery. A key moment for the company as it was the main target. The case got more compelling after that discovery, not less.

So I've got funds ready for a top-up if it dips in the next few days.


Cash

[borg45] 03/5/2017 13:37

MM trying to drag this down don't sell and as others have said be patient. The share price is worth 70p on what SDX have discovered so far and have loads of exploration to still go at !!!

[neo26] 03/5/2017 13:05

Just received email from Mark Antelme. Everything is on track and market will be updated. Replied very quickly

[plentymorefish] 03/5/2017 12:35

maybe, but you can't fight the market, if it wants to take sdx lower, then it will (and currently is)

[neo26] 03/5/2017 12:33

The thing I don't understand, the value of the company has only increased c.20m since the gas find which the company believes to be around 150bcf-300bcf. Its a fairly large discovery..I must add another possible 300bcf has been derisked as a result of this find.So the current gas find has only increase MKT cap by around 20m.. Come on, this is no brainer..Don't let those idiots fool you they are all trying to get cheaper entry point...

[deltrotter] 03/5/2017 11:37

He is a barrel of laughs is slepy

[tom111] 03/5/2017 11:33

How did you work that one out,lol so on the ball

[slepy] 03/5/2017 11:26

As much as this is true, share price wise it would be better to have even half decent result from lower section. I bet a lot of punters are waiting for an oil discovery of some sort. If this doesn't happen, share price will drift down until gas flow tests are completed.

[neo26] 03/5/2017 11:23

SkippyThe share price in the low 60's, PW believes they found a fairly large discovery. The gas has not even been priced in let alone the current assets.Oil is icing in the cake...

[tom111] 03/5/2017 10:33

Interview was on Proactive over two weeks ago you can see it by logging on the co web site skippy