Share Name Share Symbol Market Type Share ISIN Share Description
Sdx Energy LSE:SDX London Ordinary Share CA78410A1075 COM SHS NPV (DI)
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.25p -2.69% 45.25p 45.00p 45.50p 46.50p 45.25p 46.50p 212,350 15:52:36
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Oil & Gas Producers 10.5 -21.6 -31.9 - 84.57

Sdx Energy Share Discussion Threads

Showing 5176 to 5198 of 5200 messages
Chat Pages: 208  207  206  205  204  203  202  201  200  199  198  197  Older
DateSubjectAuthorDiscuss
21/7/2017
19:17
Thanks cap'n. Exactly.
deltrotter
21/7/2017
16:44
del P15 of this presentation: htTp://www.sdxenergy.com/~/media/Files/S/Seadragon-Corp/presentations/SDX%20Corporate%20Presentation%20May18%202017%20AGM%20Website.pdf
captain james t kirk
21/7/2017
16:08
tournsol, I'm assuming you don't believe GC's 47bcf is incompatible with management estimates of 150-250bcf? The point I'm trying to make is that SDX should have spoonfed PIs & put GC's 47bcf into context.
thegreatgeraldo
21/7/2017
15:51
Interesting post from another board (thanks Daft63) and may be worth factoring in: "Hi folks, sorry to break my vow of silence, but still watching and still in heavy. Having read the edison report, the diagram showing the sd1x wells position is interesting, because it shows details not previously reported. I believe we chose to drill here because it appears to be the very top of the trap, also because it offered multiple targets. But the diagram shows how the trap seems to thicken as it moves away from the drills vertical position, showing how the trap deepens and expands. Just an observation, but choosing this site makes perfect sense as its position indicates maximum takeoff location at shallow entry. The thickening at the edges shows potentials for South Disouq to reveal more. Looking forward to Morocco, but still very keen on South Disouq. Gla atb"
deltrotter
21/7/2017
12:33
tournesol, I don't know the areal extent of the SD field - 500, 1000 acres? My point is that Gaffney Cline will not assume that the hole drilled roughly in the middle of the field can be used as a basis to estimate the geology & hence likely size, of the entire field. Quite possibly only, say, for example, 200 acres around the well is considered when calculating resource. I don't actually know, but am assuming Canadian resource reporting takes its lead from US reporting, which is notoriously strict? That's why I'd like to see SDX publish a management estimate of the recoverables they believe are held in the field, after all, they've been working on the field for nearly a couple of months since the initial flow test announcement.
thegreatgeraldo
21/7/2017
12:22
TGG ...after the drill ... the talk was of 150-250bcf (plus condensate)…. If you had attended the AGM, you would have heard PW say that they now expected to come in at the top end of expectations. That implied closer to 250 than 150. Gaffney's CPR says 47bcf. Do you agree that 47 is a very long way south of 250? The thing is that analysts will have heard exactly what I heard - if not at the AGM then outside it. I think that for a co the size of SDX, 47 is actually not a bad result at this stage, given the propensity of CPR's to be uber conservative and given the existence of other prospects nearby, both of which will probably mean a larger number emerging over time. And with the additional value expected from Morrocco and workovers of existing Egyptian producing assets the future is promising. But if you lead people to expect 250 and you then deliver 47, you are not going to get a standing ovation and you are going to raise questions about your tendency to optimism vs realism. You seem to be suggesting that only the information contained in RNS's should ever be taken into account and everything else should be ignored. I do not think that is reasonable or realistic. If a company makes a statement or gives a presentation, or an interview or whatever, it is incumbent on the co to be disciplined, restrained, realistic and consistent rather than over exuberant. Lack of restraint/consistency will get punished. That's what has happened here IMHO.
tournesol
21/7/2017
12:21
If PW has anything concrete to say about South Disouq, the way to do it is via an RNS or updated presentation
thegreatgeraldo
21/7/2017
12:18
paul@sdxenergy.com
deltrotter
21/7/2017
12:11
Has anyone actually tried to contact PW since the last RNS and clarify anything with timing and numbers? Just curious. Tried to find his e-mail but I cannot access the link on the company's website without setting up outlook which I don't use.
lauders
21/7/2017
12:07
Pre-drill the potential was around 600bcf, after the drill & roughly 40% net pay, the talk was of 150-250bcf (plus condensate). My understanding is that Gaffney Cline's 47bcf is very conservative, in line with Canadian resource reporting rules.
thegreatgeraldo
21/7/2017
12:00
50 secs in: https://www.youtube.com/watch?v=RKdpdsdVapY
captain james t kirk
21/7/2017
12:00
Yup, still due that TGG... from the RNS: "The SD-1X well was drilled to a total depth of 7,777ft, and encountered 82 ft. of net pay with an average porosity of 25% in the Abu-Madi section. Well test operations have now commenced and the well has successfully flowed dry natural gas at a stabilised rate of 25.8 MMscf/d on a 48/64" choke. This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken. The results from the well testing program will be integrated into the on-going reserve evaluation work. The results of that exercise will then be incorporated into an early development plan proposal for discussion with our partners and the authority. This information will be included in a future release to the market over the summer. "
deltrotter
21/7/2017
11:58
& the CPR's effective date was 31st May. Still waiting for the test results from the additional testing mentioned in the 30th May RNS
thegreatgeraldo
21/7/2017
11:46
TGG, Agree, same with Hurricane and their CPR, they are baseline numbers from work done so far. Further work will mean the numbers will need adjusting. Cash
cashandcard
21/7/2017
11:41
I'm sticking to my view that as far as Gaffney Cline are concerned, one well doesn't delineate a field. An updated pres would be handy to give the current management estimate of the recoverables found by SD-1X
thegreatgeraldo
21/7/2017
10:18
Although the Edison report was based on the CPR....
deltrotter
21/7/2017
10:15
Very disappointing performance recently. Result,it seems of initial over optimism on SD. CPR's are notoriously conservative however and I am still optimistic although somewhat chastened by the recent Edison report which was a real dampener. Company must learn from this. No over promising in the future.
dsmith57
21/7/2017
08:56
I dug these two posts up: neo2619 May '17 - 00:02 - 2706 of 3687 0 0 tournesol It was said flow rates will be with us by next week is that still the case? Also in the skype interview PW said that he believed the current structure had between 150bcf to 300 bcf, has this changed to 300 bcf to 600 bcf? thanks tournesol19 May '17 - 00:28 - 2707 of 3687 0 0 neo26 Re testing - see my write up notes above ref Slide 17 - AIUI testing is due to start next week with results some weeks thereafter but possibly after Ramadan Re size: my notes say 300-600 as per today's presentation. I can't comment on what was said previously tournesol's agm notes are post number 2681.
captain james t kirk
20/7/2017
19:36
The company have issued a CPR on the discovery....that covers the resource that can be attributed to SD-1X. There has been no official announcement from the company regarding what they believe the structure holds. In the original discovery announcement, they stated, "As previously announced, SDX will provide further updates on the Abu-Madi section gas discovery, and associated recoverable volume estimates, in due course." The CPR doesn't do this. Maybe you're being deliberately obtuse.
thegreatgeraldo
20/7/2017
19:01
TGG don't understand T
tournesol
20/7/2017
16:22
tournesol, I've seen no figures via RNS regarding their view on the size of the SD-1X discovery. Maybe you can point me to an RNS, post the discovery well, discussing the discovery size?
thegreatgeraldo
20/7/2017
16:13
PS what I think is that what was said previously represents in effect the optimistic long-term expectation/hope for exploration of the whole SD area. Whilst it might well turn out to be close to the ultimate outcome, it is not realistic to expect markets to base their short term valuations on it. So I see it as a long term target/potential which the short term valuation will edge towards over time. IMHO that sets up a situation where we can expect the share price to oscillate between over-shooting and under-shooting by comparison with a valuation which is itself a moving target will lurch upwards in an uneven fashion.
tournesol
20/7/2017
14:14
TGG ...They've not given the company view on the SD-1X discovery…. I disagree with you. SDX has said lots and lots about it. They have mentioned it in RNS's. They have discussed it in several interviews which have been podcasted. And they talked a great deal about it at the AGM. What was said (particularly at the AGM) seems to me to have been significantly more optimistic/positive than what has emerged more recently in the CPR. Are you discounting/ignoring all of the above? regards T
tournesol
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