Sdx Energy Share Discussion Threads

[cashandcard] 29/5/2017 20:26

Public heel,That was my initial thought on the matter, I felt a little disappointed. But there are 2 anomalies in the RNS that indicate further info will be outed in due course that may well deliver a different perspective.Firstly - the fluid sampling, indicates they have some expectation of condensates, or at worst NGL's (natural gas liquids) both of which are high value products.They have only tested the upper Abu Madi section but fail to detail the parameters of the section under test. It could well be the lower Abu Madi is also flowed and tested with liquids content.Alternatively, it could well be that the upper Abu Madi only flowed dry gas as per RNS and that's how the other sections will flow aswell. We'll have to wait and see.One thing for sure, SDX tend to release info as operations progress. We heard about 65ft net pay, then we were informed later it was 82ft net pay as a fuller analysis came in. At the moment it seems to be a fluid situation where info is still feeding through from ops, being analysed then reported.Let them carryout further testing, then we'll found out the true composition of the discovery and it's economic merits.Cash

[tom111] 29/5/2017 20:17

Leave it TGG your like a dog with a bone some people on here hate the thought of the share price leaving them behind tomorrow,with luck it will

[public heel] 29/5/2017 20:16

Yeah, they're going to test the fluids in their dry gas. Pretty amateurish public relations, and hardly the first time with these guys. If I sound somewhat miffed, it's because they've left me not knowing what to do, and thinking I may be missing an opportunity by not buying more today.

[thegreatgeraldo] 29/5/2017 20:12

Brasso3, you could try & back up your ridiculous claims for revenue of "$127-164 million". As you've resorted to childish name calling I assume you've realised your claims can't be substantiated....

Go on, give us all a laugh & share your figures! Or did you just make them up?

[brasso3] 29/5/2017 20:11

Sheep Herder

As stated above I am talking about revenues and the production numbers of 7000 - 9000 BOEPD for 2018 are conservative IMO.

7000 BOEPD x $50 x 365 = $127m
9000 BOEPD x $50 x 365 = $164m

[sheep_herder] 29/5/2017 20:08

Brasso - I'd like to see your workings as it looks like you have a decimal point out of place.

[brasso3] 29/5/2017 20:08

TGG

Does giving yourself a grand BB name like 'The Great Geraldo' help with an inferiority complex that you have!

[brasso3] 29/5/2017 20:06

'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.'

fluid samples does not mean gas!

[thegreatgeraldo] 29/5/2017 20:05

Brasso, at least you acknowledge your wittering about "$127-164 million in revenue" is garbage. We're making progress.

Still not sure if you're clueless or setting out to deliberately mislead.

[public heel] 29/5/2017 20:00

The NR said "dry gas". Dry means no liquids. So did they screw up in saying they expected up to 70 bbls/mmcf, or did they screw up in using the word "dry".

You'd think that they'd get something like this right, or at least be quiet about it. At 70 bbls/mmcf, the liquids could be more than half the value.

[brasso3] 29/5/2017 19:59

TGG

I was using conservative production numbers of 7000 - 9000 BOPED for 2018!

Do you think after this massive success at SD they will just stop and settle for 26 MMCFD?

I expect there will now be 2 or 3 more wells there in the next 12 months.

To make a big issue about the government royalty is pathetic considering we have a commercial gas discovery of 150 - 300 BCF just announced.

[cashandcard] 29/5/2017 19:58

ThelargerKhan,$3.50-4.00 is what they'll receive for gross sales gas before government take. The actual realised netback (per therm) to the company is $1.00-1.22 as evidenced in annual and quarterly results.Cash

[tom111] 29/5/2017 19:52

u hope lol

[thegreatgeraldo] 29/5/2017 19:50

Brasso3, "$127-164 million in revenue"

Show us your figures, then we can all have a good laugh & move on.

[saw89] 29/5/2017 19:45

Expect we still need results from further testinf and the CPR before a rerating, this will be a few wks I understand.

[thegreatgeraldo] 29/5/2017 19:22

Answer the question - where does your "$127-164 million in revenue" come from?

[brasso3] 29/5/2017 19:08

26 MMCFD = 4400 BOEPD. Net to SDX that is 2420 BOEPD.

They state in the RNS that 26 MMCFD is due to the facility/ equipment restriction. Who knows what peak flow rates could be on this well with such high porosity (25%). They were very certain of the condensate too a few weeks back so I think that news is also yet to be released.

[thegreatgeraldo] 29/5/2017 19:03

You seem to be talking about mythical gross revenues, before the Egyptian govt take. Otherwise, where does your "$127-164 million in revenue" come from? Care to share your sums? I've seen your ridiculour suggestion for SD-1X already.

[brasso3] 29/5/2017 18:56

Are you looking to temper this so you can buy in the morning?

[brasso3] 29/5/2017 18:55

TGG

I am merely talking about revenues which was very clear from my post.

- We are currently producing 4000 BOEPD.
- SD1X will produce around 2000 BOEPD net to SDX.
- 7 more wells are due this year in Morocco.

I think 7000 - 9000 BOEPD is a fair estimate for next year.

[thegreatgeraldo] 29/5/2017 18:48

Brasso3 - do you not understand the basics of the oil & gas industry, or deliberately set out to mislead others? From your posts it would seem to be one or t'other, so which one is it?

[brasso3] 29/5/2017 18:33

2018 production could easily be in the 7000 - 9000 BOEPD range now.

That is $127m - $164m in revenue!

At least one producing acquisition on top of that should easily see SDX through 10000 BOEPD next year.

There is no other company close to this on AIM.

[pauliewonder] 29/5/2017 18:20

Apologies RD. Had a couple lol

[thegreatgeraldo] 29/5/2017 18:15

Cash..... the 10mmbbls figure for condensate, mentioned at the AGM, wasn't plucked out of the air I'd suggest; rather a figure they were confident about. Time will tell whether that's a conservative figure (probably as it was so public) & just how conservative....

[thelagerkhan] 29/5/2017 18:13

Cashandcard, I emailed sdx after they announced the discovery and asked the question they said $3.50 to $4.00.
Trust this helps