Sdx Energy Share Discussion Threads

[thegreatgeraldo] 21/2/2018 15:35

windjammer, you made a rather lazy comment about SDX needing to raise funds to fund capex, but can't back it up. Of course you can't because it's wrong. "Cash outflow" indeed!! LOL.

[shakeypremis] 21/2/2018 15:27

So what you are saying Windjammer, is that you lack patience and are looking for instant gains. I am not saying that is a bad thing to do if you can get it. But that type of thing, stock-hopping just doesn't really make many any money long term.

[w1ndjammer] 21/2/2018 15:15

you will need to work that one out for your self, i got fed up with this

going nowhere, so i sold took my profits and put them into IMM and I3E

WJ.

[thegreatgeraldo] 21/2/2018 14:51

What's your figure for investment this calendar year & how does it compare with the cash at bank?

[w1ndjammer] 21/2/2018 14:45

drilling, testing, hookups, shooting seismic, work overs etc etc.

WJ.

[thegreatgeraldo] 21/2/2018 14:31

W1NDJAMMER
21 Feb '18 - 13:18 - 5509 of 5509
0 0 0
he has already
done the placing at mates rates, and they have been selling ever since. I also think
he will be lining another one up, he needs to grow production and the drill bit isnt
working, well not in the amounts he will need to stem the cash outflow.

...what "cash outflow"?

[w1ndjammer] 21/2/2018 13:18

winnet

as usual you are over 12 months behind the curve, yes that is how long ago
it was on the BLVN bb i suggested switching into SDX you told me go take a hike.
SP was about 30p most of us have made our money and moved on.
PW is starting to act like KH so yes this stock will suit you, he has already
done the placing at mates rates, and they have been selling ever since. I also think
he will be lining another one up, he needs to grow production and the drill bit isnt
working, well not in the amounts he will need to stem the cash outflow. Not to
long before he starts buying production.

WJ.

[haideralifool] 21/2/2018 11:56

OK I've now got an answer to the question I asked in post 5500.

I've been given to understand, that it's the knowledge the company now have about the importance of faulting from this drill that allows them to de-risk the Lalla Mimouna drills that are coming up.

My concern was that the SAH drill is geographically close so learnings seem applicable there, but Lalla M is some distance away from Sebou, where these two dev wells (KSS & SAH) are located.

[winnet] 21/2/2018 08:55

the technical don't count in this rigged scam....

---

Come again?

[11_percent] 21/2/2018 08:53

winnet
21 Feb '18 - 08:47 - 5504 of 5505
0 1 0
rollthedice, I guess because the chances of success outweighed the risk of failure?

Hardly a "development well", if that was the case.

I've bought more this morning.
===============

the chances of success outweighed the risk of failure?

Its not about drilling wells.....sp goes down if the well is a failure......the share price goes down or stays static if the well is a success.......the technical don't count in this rigged scam....

[haideralifool] 21/2/2018 08:48

roll - with my CSE in Moroccan O&G - it seems as if the country is one big pin cushion.

And you need to keep poking to get out little bits of gas, KSS-2, if it had come in was a chance to get at a larger accumulation.

I like the fact that they are trying out new techniques to get better results, but it is higher risk. The next well will be lower risk, but it won't set the world alight even if it comes in.

The last two wells in Lalla Mimouna are also of the higher risk but potentially more commercially valuable variety. But Circle did not seem to cover themselves in glory when they poked around in Lalla Mimouna.

Malcy seems to have an O&G background and I'd love if he'd ask questions such as why PW thinks he'd have more success in LM than Circle did.

winnet: Edison had this well down as a 58% chance of success and the next one as 80%.

[winnet] 21/2/2018 08:47

rollthedice, I guess because the chances of success outweighed the risk of failure?

Hardly a "development well", if that was the case.

I've bought more this morning.

[haideralifool] 21/2/2018 08:42

Shakey, sure.

My issue was with the use of the word 'prospects', in the plural which might lead the unwary to think that this result also affected the outcome of the last 2 wells and not just SAH-2.

Perhaps it does? Seemed unlikely to my untrained eye.

[rollthedice] 21/2/2018 08:42

If they knew the fault was there why didn't they drill on the downthrown side first if it was the more likely to succeed?...

[shakeypremis] 21/2/2018 08:36

Haider;

"Unlike the previously drilled targets, the KSS-2 prospect was on the upthrown side of the main bounding fault in the Ksiri area. This fault appears to have isolated the KSS-2 well from the source rock, resulting in low gas saturations. The next well in the campaign, the SAH-2 well, will be located on the downthrown side of the fault, drilling a similar structure to the Company's recently successful wells. The Company therefore believes that the reservoirs targeted by the SAH-2 well will have a higher probability of being commercially charged than the KSS-2 well."

The next well, SAH-2, will be drilled on the downthrown side of the same fault KSS-2 was just drilled.

[haideralifool] 21/2/2018 07:25

PW said: "Whilst KSS-2 was not successful, our belief is that this result proves that the main bounding fault provides a good seal and therefore gives us a further confidence in the forthcoming prospects".

But surely only the next one is in the Sebou permit. How could this result affect the likelihood of success in the final 2 drills?

And anyway in terms of potential impact on the business, this was the more significant drill (targeting 1.5bcf) compared to the next one (SAH-2), which Edison described as "a low risk (80% GCOS) well targeting a small gas pocket adjacent to existing production".

[rollthedice] 21/2/2018 07:14

KSS-2 well non-commerical, plugged and abandoned.

[winnet] 20/2/2018 13:02

Me too, Me too.

[tli8jaguar] 20/2/2018 09:49

What took you so long Winnet? I hope it's not BLVN.

[winnet] 20/2/2018 09:43

I don't use LSE, but yes, that list does correspond to my sequence of events.

Exciting times for SDX and relativity low risk as we're kicking off cash in Morrocco.

I rarely feel so comfortable on an AIM listed share, but this one seems to be a gem.

[haideralifool] 20/2/2018 09:17

winnet - I kicked off a discussion about newsflow over on the lse site and the list below included amendments by another poster:

Late Feb - KSS2 (rig then moves to SAH-1 and LNB-1 and LMS-1)
Early to Mid March - Rabul 5 results also ESP well enhancements
Mid March Spud Ibn Yunus
End March - Annual report Egypt Gas price contract
Mid/late April - Ibn Yunus (results) Also update on 50 - 100 mmscfd CPP for SD production starting July 2018
by this time should also have results from SAH-1, LNB-1 and LMS-1)

So I'd say and of Q1 and Q2 is when things should really start to get 'interesting'.

[winnet] 20/2/2018 09:02

I have just swallowed some of this business. I am holding until at least end of 2018. I think that's a good price, given cap and upcoming flow. We shall see.

[haideralifool] 20/2/2018 07:39

^ according to the last malcy interview the Egyptian receivables should be cleared by the end of 2018 and the company has a good record in getting paid (which was one of the problems that brought down Circle).

[johnrxx99] 20/2/2018 07:37

I hope I'm wrong but it may be the Africa effect that is holding things back. Can't think of anything else. Selling to locals and getting the money can be a problem.

[winnet] 19/2/2018 11:21

broker specific issue.