Sdx Energy Share Discussion Threads

[w1ndjammer] 24/11/2017 11:14

This is the problem once bitten twice shy...... from third quarter results

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Corporate

-- Continue to explore opportunities to expand asset base in the North Africa region; and
-- Continue to minimise costs and crystallise synergies post-completion of the acquisition of Circle Oil PLC's businesses in Egypt and Morocco.


Completed successful US$10.0 million Placing in September 2017.

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And we will only raise further money if we find a suitable asset, read the line
under "corporate"

i am still holding but not buying more until PW buys his next asset, as it looks
like most people are doing.

WJ.

[fardels bear] 24/11/2017 10:30

The share price seems to be doing a COP from where I sit.

[paleje] 24/11/2017 10:00

I think Griffin's about right. The selling will dry up eventually, meanwhile someone is continually buying up cheap stock, they don't have to declare it if it's a work in progress so it's not showing but it's clear they're buying. MMs have their orders.

[11_percent] 24/11/2017 09:35

Don't know.

[dsmith57] 24/11/2017 09:30

Yet again. There must be a fundamental problem here. This is behaving like no other share. Perhaps someone can explain this to me? Why is nobody buying? There has been a load of good comment from Malcy and MANY others. No takers.

[griffin81] 24/11/2017 07:53

Great to see SDX maintaining the momentum of the program. I'm looking forward to seeing the flow test results from KSR-15 in a couple of weeks to see how they compare to KSR-14. The Q3 results this week were decent and Q4 should be very good with the benefit of the PoO. Overall I'm pleased, although the receivables needs to reduce, and the Egyptian Authorities need to speed up their actions somewhat. That said, SDX continues to gain momentum, and every week the underlying value of the company notches higher, widening the gap between the true value of the business and its current share price. At some point this will rerate, and I expect once it starts it will happen rapidly.

[itsriskythat] 23/11/2017 17:06

tombul filtered

[kazz] 23/11/2017 17:05

The trading range is indicating that Franki. I think I will join you
Regards... Kazz

[franki8] 23/11/2017 16:19

excuse the profanity but I will go balls deep if this goes below 50 again

[lptuf93] 22/11/2017 22:50

I feel for you Tombul, you were burnt somewhere down the line and can't get past it. Hopefully you'll move on one day.

[tombul] 22/11/2017 18:58

Canadian stopped buying the shares of this scam long time ago.

That is why, Dilution Lover, Mr. Pinocchio had SDX Energy listed in AIM to rip off some of the unsuspecting investors in England.

Once Mr. Pinocchio is done with AIM, the next move of the Dilution Lover is to have SDX Energy listed in Frankfurt Stock Exchange.

[w1ndjammer] 22/11/2017 15:18

franki821 Nov '17 - 10:16 - 4861 of 4868 3 0
i don't think i've ever seen anything so undervalued


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Try UEN 2000 bopd also own a refinary and drill rigs, storage facilities and pipeline reserves 100 mill barrels, drilling this quarter paying 7% dividend m-cap £7.6 mill

WJ.

[dsmith57] 22/11/2017 10:20

Just another day at the f——g office!

[the drewster] 21/11/2017 17:04

9-month (YTD) Total comprehensive income $30.9M (net revenues over $10M for the qtr)
9-month (YTD) cash from Operations $6.5M
Cash and cash Equivalents $30.5M
Market cap... circa $130M

Searching for the negatives (for sanity's sake):
3 months ended Sept '17 was cashflow negative
Cash equivalents possibly includes Circle Oil receivables
Confirmed booked 2P reserves need bolstering

Overall though, we seem (significantly) undervalued to me.

[soulsauce] 21/11/2017 16:54

Well we struggled to a 1p gain which will no doubt disappear tomorrow :-/

[wish i wasnt in rbs] 21/11/2017 12:37

Maybe the Canadians will give us a lift?

[neo26] 21/11/2017 11:00

I think alot want sdx to move faster in SD, lets get those development wells producing gas and then we can go for the deeper horizons in South Disouq area to look for oil.

[shakeypremis] 21/11/2017 10:17

So they are going for the deeper oil 1st half 2018. Sounds like they really think it is down there.

Why we might have to wait for a speculative drill for oil (which may not actually be all the speculative as far as company management are concerned) when this company is throwing off bags of cash from current operations and is set to generate around $200,000 of revenue per day gross ($110,000 net) if they can get $4 per mscf sometime in the first half of next year before the share price will move is beyond me.

What is $110,000 net per day? 1700ish boe/d (at $62 oil)? Of course - as all governments do - the Egyptian government will take a heft wack of SDX's proceeds from the well. I don't know what the condensate production will be like or if that's included in the 50mmscf/d figure or not.

[franki8] 21/11/2017 10:16

i don't think i've ever seen anything so undervalued

[ride daice] 21/11/2017 10:10

Maybe ii's and pi's. Not so sure about trade buyers.

[wish i wasnt in rbs] 21/11/2017 10:08

its interesting that there are no large purchases being reported and volume is low - it seems to be off the radar for most ii's for whatever reason

[soulsauce] 21/11/2017 09:50

Lets hope so Haider.

[haideralifool] 21/11/2017 09:47

soul - that explo upside should come here:
"During the second exploration phase, continue the targeting of prospective gas resources outside of the SD‐1X discovery area and seek to confirm the deeper oil potential within the SD‐1X discovery area. Well planning is in progress, with the next exploration well expected to spud in H1 2018."

So possibly another few months of sideways action. Obviously if it goes up before I'm not complaining.