Sdx Energy Share Discussion Threads

[rachael777] 18/5/2018 14:49

ok i should add I had to buy more - seems rude not to!

[rachael777] 18/5/2018 14:47

Not sure what I am missing but the share price reaction is underwhelming to say the least - anyone would think the rns news for the last month had been duster after duster.

[neo26] 18/5/2018 14:43

Lets wait for new broker notes.

[hopeful holder] 18/5/2018 12:47

I'm not a clever chap but I bought these on the last spike and now even on that trade. From the presentation I have added some more as the company appears to be well run and further potential existsGood luck all

[shakeypremis] 18/5/2018 12:38

I wouldn't quite say that - no offence intended of course. I just remember you being skeptical back last year after the results from SD-1X.

[tournesol] 18/5/2018 12:28

Shakeypremis

So you're back Tournesol

Have you been missing me?

X

[thegreatgeraldo] 18/5/2018 12:14

shakey - SD gas, @$2.65/mcf, looks to be worth about $1/mcf net to SDX (net to their WI, of course!)

At the AGM, PW mentioned that Transglobe (from memory) with acreage to the north, have recently signed up @ $2.65mcf, but with nearer $3.50/mcf for any production over 100mmscfd.....

[shakeypremis] 18/5/2018 12:06

Based on the figures from the call of 55% WI of 47% of total revenue we come out with the following for South Disouq at 50mmscf/d at $2.65/mscf;

50 mmscf/d @ $2.65/mscf = $132,500/d gross revenue

$132,500@47% = $62,275/d to split between SDX and partner

$62,275@55% = $34,250/d net to SDX

$62,275 x 300 days = $10,275,000+, make it $11m net revenue per year (is there tax to pay on this?)

[thegreatgeraldo] 18/5/2018 11:55

HAF - I assume, rightly or wrongly, that the oil COS at SD applies to the play concept rather than any particular target(s) they've identified.

[haideralifool] 18/5/2018 11:52

tournesol - yes it really is a measure of management confidence that they are willing to expose themselves to public scrutiny in this way.

Much better means of building confidence than having patsy questions on youtube.

tgg - 30% sounds good. I get worried about 90% CoS drills. IIRC correctly wasn't it one of those that went pear shaped for SIA and I think Encore's failed gas storage efforts also had a 90% CoS ;)

shakey - as I was listening it did occur to me that some of the questions sounded as if they were yours - wasn't the ones about the ESPs was it?

[shakeypremis] 18/5/2018 11:48

So you're back Tournesol. I would say better late than never but I don't think that really applies as SDX is still in the early stages of realising very significant upside potential.

I was on the call this morning and got the chance to ask a couple of questions. Only 4 or 5 people asked questions though, this company is still very much under the radar if you ask me.

[tournesol] 18/5/2018 11:42

I listened in to today's conference call. Basically what happened was that the presentation which was given at yesterday's AGM was repeated. The slides were emailed out to participants early this morning and at 9am PW talked us through them at some length. Then he took questions from participants.

I thought that overall it was a very impressive presentation which strongly indicates that:

a) PW and his team are on top of their game

b) SDX has a pretty good asset portfolio

c) Exploration and development activities have been proceeding according to plan

d) There is a lot more work planned for the next 6-9 months

d) The share price is currently about 50% of RENAV

I conclude that the share price likely to continue its upwards trajectory

Acting on the above I have this morning started buying back in.

I would presume that the AGM presentation will be posted onto the SDX website if it's not already there. I don't know if the voice-over from yesterday or today has been recorded and made available but that would be a nice-to-have.

I have to say that SDX and PW deserve a lot of credit for organising today's conference call. PW said they recognised that lots of people can't make AGM's in London and this was being provided as an alternative.

I say BRAVO and thank you to PW. Much appreciated.

regards

T

[shakeypremis] 18/5/2018 11:25

11_percent you can't value 8000boe/d at 8000 barrels of oil. Regarding gas and its equivalency to oil in BOE (barrels of oil equivalent) this is a calculation based on energy content NOT monetary value. A BOE is not worth the same as a barrel of crude. A barrel of oil is roughly equivalent in energy terms to 5,800mscf. Even at Morocco pricing a BOE of gas isn't worth a barrel of crude.

[thegreatgeraldo] 18/5/2018 10:47

HAF - PW said at the AGM that to go after oil at SD would need a dedicated well; the gas sands are in a channel, the oil prospects are away from the channel. He floated a COS of around 1 in 3.

[thegreatgeraldo] 18/5/2018 10:42

Go back to your scam posts....... at least they were mildly amusing.

[11_percent] 18/5/2018 10:38

tgg,

..Eh?? South Disouq is a gas discovery

-----------

I did say this, it was a rough calc to get a feel for where stand in relation market cap.

I said:
(This is just a rough calc, and would need the actual gas sales price values).


So I need to do the calc now with gas sales prices.

[haideralifool] 18/5/2018 10:35

They're going for oil in SD in 'early 2019'. Drill programme for Q4 2018 to be finalised (a bit empty at the moment).

As Brent goes up we can assume that netbacks will go up in the same ratio as in their slides. i.e. every $5 rise in Brent means an extra $2 for us in NWG and $3 in Meseda.

Fiscal regime in Morocco to remain as is, for some reason I thought there were murmurings it would become less generous, but PW stamped on that pretty forcefully.

[11_percent] 18/5/2018 10:34

thegreatgeraldo
18 May '18 - 09:59 - 6244 of 6253
0 0 0
As to whether IY & the original discovery are connected, I'd guess seismic will give the company a good idea, pressure readings from the 2 wells will confirm or otherwise.

============

Slide 17, yesterdays presentation.

The IY find is highlighted. It is isolated, and small, in comparison to the large (fukkin gigantic) "lead" highlighted directly below. WHY DID THEY NOT CARRY ON WITH THE IY DRILL TO TAKE IN THIS "LEAD".


"pressure readings from the 2 wells will confirm or otherwise."

Indeed.....and they will know this for certain by now, having done the testing on the Ibn Yunus 1X well.

My guess.......they are not connected and they are holding this info back.....and will release it on the back of better news.

[thegreatgeraldo] 18/5/2018 10:20

11_percent
18 May '18 - 10:14 - 6250 of 6250

Kelvin find (if it is one) has the most chance of being connected to SD-X1 reservoir. Don't know if they could frack a connection.
(I need to check when Kelvin is due to hit TD.)

..WTF are you on about?? What would "frack(ing) a connection" achieve??? Why would you even attempt such a madcap adventure?

======

Slide 30.
"Exit rate of 2018 anticipated +/- 8000boepd."

So, 8,000 a day = 8,000 x $75 (say) = $600,000 per day.
(This is just a rough calc, and would need the actual gas sales price values).

..Eh?? South Disouq is a gas discovery

[11_percent] 18/5/2018 10:19

thegreatgeraldo
18 May '18 - 09:55 - 6242 of 6250
0 0 0
Ask about the scam....

========

Still say some hedge fund is running a scam manoeuvre.......there is just TOO much selling going on.

[haideralifool] 18/5/2018 10:19

and one other thing ... I found other shareholders' questions to be far more insightful and useful to me than anything Malcy ever asks ... just in case the company are thinking about where best to spend their communication time.

[11_percent] 18/5/2018 10:14

Ok, had a look at the yesterdays presentation, page 17.

Ibn Yunus-1X Discovery looks fairly small, and isolated, although the prospect below it is large and could be connected to SD-X1 reservoir.

Kelvin find (if it is one) has the most chance of being connected to SD-X1 reservoir. Don't know if they could frack a connection.
(I need to check when Kelvin is due to hit TD.)

======

Slide 30.
"Exit rate of 2018 anticipated +/- 8000boepd."

So, 8,000 a day = 8,000 x $75 (say) = $600,000 per day.
(This is just a rough calc, and would need the actual gas sales price values).

Per year = $600K x 365 = $219 million.

SDX market cap = $204.3 million.

Crazy numbers.

[ym] 18/5/2018 10:09

I only catched last min of the tel conf . They did not email me back about the conf and thought it was cancelled. When I asked why they did not emailed me back with tel conf details, it was ` en , en, en".

[neo26] 18/5/2018 10:09

38.3mmcfd is c.4000boepd, great....Hopefully kelvin results next week.