Sdx Energy Share Discussion Threads

[gersemi] 20/4/2018 07:05

This looks good - excellent momentum both operationally and technically

[hiddendepths] 19/4/2018 14:37

Nice little pullback to try to generate a bit more selling. The 57 bid came back soon enough though so we know the buyer's still there!

[neo26] 19/4/2018 12:07

Just a little breather.

[duckdown] 19/4/2018 11:16

Decent volume too.

Looking like a breakout.

[neo26] 19/4/2018 10:04

Broken 6 months high we should see some action now.With regards to current drilling, they have had decent run with 5 out of 7 being commercial. The two remaining are exploration even if they dont come its not the end of the world.

[bountyhunter] 19/4/2018 08:50

😀 😗 😉 😊 ☺️

[wisteria2] 19/4/2018 08:22

Yes pmf, certainly is! and I for one will be more than happy when its a £1.00 a share.

[hiddendepths] 19/4/2018 08:19

That's probably because I made up that size of 50!

More seriously, cumulative volumes over the last week or so have been far higher than normal so I think it likely that not only do we have a buyer but FINALLY the overhang has been cleared. It's certainly taken a very long time but maybe now we can move to a more balanced share price closer to reflecting the integral value. I must admit I find that a particularly difficult calculation for SDX - so many assumptions needed that the range is substantial.

[plentymorefish] 19/4/2018 08:14

On the move again

[haideralifool] 19/4/2018 06:49

Thanks Tigris, as for chickens, my assessment is that no-one (whether the valuations posted by PIs here or brokers) seems to have attributed any value to Lalla Mimouna.

Despite early claims of success Circle never did manage to get anything out of that northern block AIUI, so I don't think there are high hopes of success.

I take it that even if LNB fails they'll still go ahead with LMS, perhaps the result RNS will clarify.

[tigris72poo] 19/4/2018 04:34

LM size. My understanding is that the Lala Mimouna targets are bigger than Sebou. Perhaps 6 to 8 BCF each as opposed to 1 or 2 BCF. Of course it is rank exploration so the chance of success is small. Don't count your chickens until they are hatched.

On the other hand, Ibn Yunus and the whole South Disouq area may turn out bigger than anyone dares dream of...

[neo26] 18/4/2018 23:37

Edit: Sd1x deep

[neo26] 18/4/2018 21:54

across the pond finished on CAD $1.05 equivalent to 58.5p.

Results on morocco drill tomorrow or friday, i dont think it matter if its a duster the Moroccan drilling program has been a success.

All eyes are on South Disouq, once they got SD in production then they can go for the deeper SD1d Deep with those oil potential, do we remember?

[thegreatgeraldo] 18/4/2018 18:48

Think the point about Lalla Mouna is that Circle found tight reservoirs, so if SDX can find something useful it opens up the whole area for further investigation.

[hiddendepths] 18/4/2018 16:54

Errm, yes fishy, about 50.

[neo26] 18/4/2018 16:42

TggConsidering to the east sou has some large resources, you just never know.

[plentymorefish] 18/4/2018 16:37

Perhaps hiddendepths could make something up about the size as 11 percent thinks he's good at that?!....;)

[thegreatgeraldo] 18/4/2018 16:23

Not seen anything about target size for the LM wells....

[haideralifool] 18/4/2018 15:46

tag that sounds like great masturbation material for the geologically inclined, but I was wondering in more prosaic pounds, shillings & pence terms, with a % symbol thrown in for risking.

;)

[neo26] 18/4/2018 15:37

Rabul 4 drill results should be out soon. Still to hear about rabul 5 flow rates.Rabul 1 and 2 gave net 300bopd to sdx.Every barrel counts.;-)

[hiddendepths] 18/4/2018 14:21

11_percent - in what way is "looks possible...." making anything up? It's just a possibility based on the trading pattern. Even if it is the case it is clear that the buyer does not want to pay up. Also there is no way of telling whether such an order is nearly complete.

I have years of experience in the market and was merely sharing an observation. I don't EVER make things up when I post.

Thanks tgg - interesting.

[neo26] 18/4/2018 14:21

Cant wait for the new one including ibn yunus find.

[thegreatgeraldo] 18/4/2018 13:51

The Edison/SDX guidance,



has the current well as "a bright channel sand that is viewed as lower risk than LMS-1 and more typical of targets across the Lalla Mimouna exploration permit"

LMS-1 looks quite interesting though.....

"LMS-1 is a large, unique anomaly located on the top Nappe and is an unusual seismic response not seen before across the 3D dataset. The central compartment of LMS-1 is estimated to hold 2bcf of gas but management regards the risk as higher than historical prospects at c 28% GCOS..."

Wonder what that unusual seismic response is down to.....