Sdx Energy Share Discussion Threads

[cashandcard] 29/5/2017 18:05

Tgg,Let's see what they announce in the next few days/week's regarding the other flowtests and fluid sampling of the formation.PW has a knack of being conservative and releasing information, bit by bit, as it becomes available.Cash

[thegreatgeraldo] 29/5/2017 17:54

Indeed cash, which is why the anticipated condensate is so welcome, much higher netback per BOE from condensate than gas.

[cashandcard] 29/5/2017 17:50

Regarding the commerciality of the discovery and project economics, contractor and government take - I would stick with the reported gas netback of around $1.00-1.22/mscf. Cash

[thegreatgeraldo] 29/5/2017 17:34

Brasso3
29 May '17 - 16:39 - 2896 of 2898 0 0
TGG

My calculations also do not include the higher flow rate that is possible as the 26 MMCFD was the limit of the surface testing facility/ equipment.

.....Yes, but there's a difference between a test rate fron virgin reservoir & a sustainable production rate. Doubtless you're aware of the govt take from SDX's 2 current production licences?

[cashandcard] 29/5/2017 16:52

Great news folks. Two quick points;Firstly, lack of any condensate mentioned in RNS is probably (in my opinion) because more testing needs to be done on both upper and lower Abu madi, this was the first test and was an upper Abu Madi test. As they release info when it becomes available, i suspect they will announce more detail later on.Secondly, the excellent high stabilised flow rates will themselves go a long way to ensuring commerciality and also impact those resource and reserve figures for this field and also block.Cash

[brasso3] 29/5/2017 16:41

Does this not also suggest that they still expect condensate too:-

'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.'

[brasso3] 29/5/2017 16:39

TGG

My calculations also do not include the higher flow rate that is possible as the 26 MMCFD was the limit of the surface testing facility/ equipment.

[thegreatgeraldo] 29/5/2017 15:59

Hmmmmm.... I thought somewhere between 10-20mmscfd from testing, comfortably exceeded that. They also mention "dry natural gas". I take that to mean no water, not a lack of condensate, as they go on to mention taking fluid samples after pressure build-up. What's not to like?

Brasso, your calcs don't include the govt take.

[pauliewonder] 29/5/2017 15:55

No sorry it was a typo from my phone.

[tom111] 29/5/2017 15:55

bodes well for tomorrow up over 10% now

[tom111] 29/5/2017 15:37

up over 8% now

[ziblot] 29/5/2017 15:27

I noticed it was dry gas, so up to now there are no condensates? The most important thing its commercial.

[pauliewonder] 29/5/2017 15:23

Stupid phone. Need to proof read before I send

[neo26] 29/5/2017 15:19

You won't get much interest from Canada, the interest will come tomorrow morning.Herd will come in..I see no reason why we can't be trading at £1, broker valued our company at 83p and they didn't take into Acc the SD find, they were going to wait for the testing results...This is marvellous result for us sdx holders....

[wisecat2] 29/5/2017 14:56

Not much reaction but you can buy cheap stock

[tom111] 29/5/2017 14:52

up 4% in Canada didn't expect much reaction over there

[bountyhunter] 29/5/2017 13:27

I don't believe it - another bank holiday bonus!

Here's an alternative link to save those half asleep like myself from having to scroll back too far!



...Paul Welch, President and CEO of SDX, commented:

"Underpinned by the strong local gas demand, today's news is highly positive and confirms the overall success of the recent SD-1X campaign. Not only do we have this excellent result in the upper Abu Madi section, we also remain very upbeat about the oil potential in the deeper Cretaceous horizon, where a working petroleum system was also discovered.

Whilst the work of bringing the gas discovery into production is our primary focus, we are also planning for further drilling in the lower Cretaceous age horizons where we see additional potential. South Disouq remains, however, one strand in the SDX story. Concurrently, we are extremely active across the rest of our North Africa portfolio, which will include development and exploration drilling in Morocco in the next quarter. We look forward to providing further updates over the coming months."

[brasso3] 29/5/2017 13:20

Just a quick break down of the potential production number of this single well with local gas prices around$3.75 per MCF.

25.8 (MMCFD) x 1000 x 0.55 (NRI) x $3.75 = $53k/ day

$19.4m/ year

[ride daice] 29/5/2017 13:15

The South Disouq concession consists of a 1275 km2 acreage position in the Nile Delta. Estimated to contain 1.3 TCF of resource potential (P10).

I wonder if there will be a revision to than number.

[neo26] 29/5/2017 12:29

I believe this drill will prove up between 150bcf-250bcf of gas. They will definitely fast track south Disouq now, with drilling being very cheap it won't cost us and our partners much. On average it will cost around $3m per well. We will drill 5, share it between our partner that around $8m cost to us. In Morocco where we will drill 7 wells, it will cost us $1m per well, and take only two weeks per well. We have $21m in bank, $16m in receivables due, and making around $2-3m free cashflow per month. Plenty money flowing in to develop both assets.. MKT cap 104m.... Rerate coming!!!! Big one...

[brasso3] 29/5/2017 11:02

AMER are just below 5000 BOEPD from memory.

SDX should be around 7000 - 9000 BOEPD in the next 6 - 9 months.

[tom111] 29/5/2017 10:56

We should be at least 85p now