Sdx Energy Share Discussion Threads

[sja123] 01/3/2017 11:36

Just a minor point of order someuwin....lol!

The free carry is for $3m I believe....and will cover the gas drill...in order to test the lower oil, it's costing them an extra $1m from what Paul has said...

Still, all in, a very reasonable price for what has a good chance of being a transformational drill....and as you rightly say, lots more strings to their bow also!

[orinocor] 01/3/2017 10:12

"APAD28 Feb '17 - 16:33 - 400 of 413 2 0
I believe I now understand that COP got into trouble because of their mishandling of the two currencies and that SDX were able to take advantage because of their good judgement."


Please stop. Please. I beg you.

[apad] 01/3/2017 09:46

That was 'no news' so just ordinary trading.
Don't know if those 2 big trades were buys or sells. Presumably they aren't all in the market but some might dribble in somewhen.

Bought a few more at 48.72p

apad

ps
Hope it isn't "gravy" soul...

[soulsauce] 01/3/2017 09:04

Yes peter some folk have no patience but I still think the overhang is playing it's part.
The thing is at this price if SD is a total failure the company will still be a buy so everything is gravy from here.
As del alludes to, if SD comes in then the upside is massive.

[petergennery] 01/3/2017 08:55

*not happening so far

[petergennery] 01/3/2017 08:39

If it's anything like holders of solo there was a bit of a sell off due to the delay, daft really but bit happening so far

[petergennery] 01/3/2017 08:11

Excellent, really enjoy this share, and the board

[nasnas1] 01/3/2017 08:03

Great news. Watch the herd now arrive

[someuwin] 01/3/2017 08:01

Excellent news today - full steam ahead now.

[deltrotter] 01/3/2017 07:43

I think this will focus the minds.

IF, and of course it is a big IF, the company is successful in finding BOTH gas and oil then you would expect a share price of 200-250p immediately.

All IMHO, DYOR, NAI.

[soulsauce] 01/3/2017 07:37

Yep just a slight delay but nothing to bother us and more time to get rid of overhang.

[milliecusto] 01/3/2017 07:30

Excellent news..all going to plan

[someuwin] 01/3/2017 07:10

1 March 2017

SDX ENERGY INC.

("SDX" or the "Company")

Update on South Disouq Drilling Activity

Location construction completed and rig mobilisation underway

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to update the market on its indicative drilling timetable on South Disouq.

SDX can confirm that well location construction has been completed and that the Sino-Tharwa 6 drilling rig is currently being mobilised to the location. The Company anticipates drilling to commence at the SD-1X location within the next fortnight.

Paul Welch, President and CEO of SDX, commented:

"We are pleased with the progress we have made around the preparations for the upcoming drilling campaign on South Disouq. We look forward to keeping the market appraised of drilling developments over the coming weeks."

[apad] 28/2/2017 20:31

Thanks pete,

FWIW my other (what I call roulette wheel) stocks are SOU and FARN which are up 178% and 28% respectively.

Good job I haven't invested in big safe companies like RBS, BP, TSCO, etc.

apad

[petergennery] 28/2/2017 17:16

Welcome aboard

[rich73] 28/2/2017 12:59

Might I also add we only paid 0.39c in the $ for the assets. Implied book value is $30M/0.39 * 1.2 cable = £64M

So £27M + £64M + circa £7M (balance of fund raise) = £98M implied book value after acquisition and fundraise. So more or less todays Mcap at 51p. No account of increasing value through this years drilling and appraisal program. I am happy with my 43p average and still see big upside.


soulsauce
28 Feb '17 - 11:56 - 387 of 397

orinocor £27m + £32m = £59m

£94m - £59m = £35m where on earth do you get £60m from?

[9tintin] 28/2/2017 12:59

Last RNS suggested rig being mobilised to site towards the end of February.

Any one any more news on this?

tintin

[soulsauce] 28/2/2017 12:21

And what do you get that to tournesol?

And yet the piece in the header uses such a valuation?

[thehitman1] 28/2/2017 12:20

Good volume today, holding from 44p.

[captain james t kirk] 28/2/2017 12:12

I've got an opinion on the big trades.
They were absorbed into the market with barely a hiccup and the shares are continuing their journey north.
For every seller, there's a buyer and vice versa of course.

[potential] 28/2/2017 12:12

Huge vol today.. which means one way traffic folks....

[apad] 28/2/2017 12:05

You folks have an opinion on the big trades today?
No rns yet.
apad
ps
I started watching at 44p. Should've bought a holding in order to pay more attention!

[rafieh] 28/2/2017 12:03

Massive volumes today.

[soulsauce] 28/2/2017 12:02

orinocor work out 5000boepd per annum at lets say a paltry $15 a barrel avg profit. Then lets put a very average PE ratio of lets say 7. Now tell me where the mkt cap ought to be?

Now add the cash and a premium for no debt - £150m+ is where I work that out.