Sdx Energy Share Discussion Threads

[neo26] 20/4/2018 19:22

wise move, i think a big bull run is approaching.

imho

[captainfatcat] 20/4/2018 15:53

Doubled my holding here today.

Tick Tock

[shakeypremis] 20/4/2018 15:37

Significant shareholders list as of 07-10-2017

hxxps://web.archive.org/web/20171007223014/hxxp://www.sdxenergy.com/investors/aim-rule-26-information.aspx

Ignalls look to have picked up more.

[neo26] 20/4/2018 14:55

So they are generating $4m free cash flow per month, thats an increase from $3m-$4m.

So its definitely $4m..

[neo26] 20/4/2018 14:49

so they drilling kelvin before the two development wells, moved up the order.

Rig being mobilized as we speak.

[neo26] 20/4/2018 14:38

$1.10cad across the pond

[darola] 20/4/2018 14:23

Updated without % holdings - odd? I emailed them last week to ask when it would be done (AIM rules require it every 6 months and it was overdue)

[thegreatgeraldo] 20/4/2018 14:12

Cheers Paris!! Wish he'd given more of a steer on LMS-1 rather than south Ramadan!

Kelvin next at SD, guess that makes sense as it's the unknown of the remaining 3 wells there. Finding out what Kelvin has sooner rather than later will help with planning

[captain james t kirk] 20/4/2018 13:56

By the way, the significant shareholder's list has been updated.

ps Good that PW has emphasised the significance of the size of the discovery vis a vis tying it in to production.
And S.Ramadan spuds in just under 2 weeks time, although at best a break even prospect. 5 drills spinning all at once. Everyone strap themselves in
pps Really informative interview. Generating nearly $4 million a month in free cash flow.

[parisv] 20/4/2018 13:51

podcast



Paul Welch, President and CEO of SDX Energy #SDX talks about their natural gas discovery at its LNB-1 exploration well in Morocco.

(Interview starts at 2 minute 7 seconds)

[neo26] 20/4/2018 13:39

That must have been really difficult for Edison they dont really like writing positive statements.

"We see this a material discovery for SDX,"

Nice.

[captain james t kirk] 20/4/2018 13:39

That's okay gisjob.
Over here the condensate is in the thousands.
The gas is in the billions and trillions.
And the cash is in the tens of millions :)

[gisjob2] 20/4/2018 13:36

Sorry all meant thousand, just been hanging around the HUR board to long where everything is millions ! :-)

[parisv] 20/4/2018 13:25

Malcy's blog

[someuwin] 20/4/2018 13:21

Edison update...

"SDX Energy has discovered gas at the LNB-1, Morocco with 300m of gas-bearing horizons discovered in an over-pressured section in the Lafkarena sequence. Heavy hydrocarbons contained in gas indicate a thermogenic hydrocarbon source rock, indicative of a new petroleum system that has previously not been encountered at Sebou. Preliminary estimates of recoverable gas at LNB-1 are un-risked mid-case volume of 10.2bcf with 55kbbls of condensate. This is significantly larger than the traps encountered at Sebou and exceeds the threshold for commerciality for a processing facility and pipeline to Sebou area. LNB-1 awaits logging and testing which will be carried out in due course once suitable equipment can be mobilised. We see this a material discovery for SDX, should flow tests confirm productivity, for two reasons: 1) well costs are marginally higher than at Sebou at c $2.7m but with un-risked recoverable volumes five times greater, per-well returns are likely to be significantly superior. In addition, once de-risked, the new play at Lalla Mimouna has the potential to rapidly de-risk SDX’s ability to meet projected gas demand in Kenitra. 2) liquids discovered at LNB-1 open up a new play fairway with potential to provide SDX with an additional revenue stream in Morocco that is not constrained by demand."

[neo26] 20/4/2018 13:03

Not talking to you guys PW hasnt come out to play, you put him off especially Haidar.:-(

[neo26] 20/4/2018 12:53

We know now why there was a delay, did anyone buy the weather delay?I certainly didnt. Great rns today..

[neo26] 20/4/2018 12:39

HaiderIts all coming together now on all fronts.One more well in morocco and then they can start working on the next drilling program in Morocco.This surely deserves mkt cap of 200m now and more after further finds..

[thegreatgeraldo] 20/4/2018 12:34

Stating the obvious, but crude & condensate are very different - it's all in the cooking!

[haideralifool] 20/4/2018 12:26

tgg, ah ok. Are you channelling Gaffney Cline then? ;)

[thegreatgeraldo] 20/4/2018 12:03

HAF - I did see the RNS!

[captain james t kirk] 20/4/2018 12:02

HAF
For me the questions marks have always been reserves, receivables and price of gas sold in Egypt. I believe two of the boxes are now ticked.

[haideralifool] 20/4/2018 12:00

tgg - the RNS today talked about 55000 barrels of condensate.

[captain james t kirk] 20/4/2018 12:00

Perhaps PW couldn't fit the other three noughts in the rns. I promise that's the last time:)

[thegreatgeraldo] 20/4/2018 11:57

Think oil is a bit of a jump, although I'm still intrigued by the Edison/SDX comment about the next well,

" 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."