Sdx Energy Share Discussion Threads

[kaos3] 27/6/2018 14:24

I will not mention


TGL




too

[neo26] 27/6/2018 13:41

paris

gone really quiet i thought we should liven it up, you are correct i will not mention TGL again.

Next news flow for SDX is the final well in SD, i almost certain they will strike..

:-)

[parisv] 27/6/2018 10:58

thanks for the info on here and on lse now back to sdx please?

[neo26] 26/6/2018 14:23

DarolaI cant see then selling anywhere near the current price, the ceo set up the company 22 years ago and he is still there.I emailed him a few times and he sounds like a nice chap.

[darola] 26/6/2018 14:20

I have equal holdings in SDX and TGL and have high hopes for both. But of the two I can see TGL being a takeover target, as the right owner could significantly optimise their delivery and improve netbacks, which on 15kboepd would be a good return

[neo26] 26/6/2018 12:27

phowdo

they have not done a placing for years, they do work with existing cashflow, thus only 72m shares in issue.

[neo26] 26/6/2018 12:05

robbiekeane

they have over 1m barrels of oil in inventory, which is valued at $57m, theres your debt cleared.

unlike sdx they dont sell to the state, they export their oil and have no receivable issues, the first lifting was in april so this will not show in Q1 results, they got paid $26m for 400k barrels, another lifting has just gone through for 400k, two more are planned for the year one next month and another later. Just from those 4 liftings that over $100m in sales, net back is about $18 per barrel, i think they were getting paid over $55 per barrel

They purchased canadian asset in dec 16 for $60m, this adding more value.

SDX i hold, they will be cashflow positive of $40m per annum, whereas tgl will be $60m+.

Some are missing the trick on tgl.

[phowdo] 26/6/2018 11:47

Transglobe Energy - List on AIM. Pump the shareprice for a few months (Malcy/ProactiveInvestors etc you know the drill). Then do a placing to clear some of the debt.

[potential] 26/6/2018 11:26

SDX id debt free, which is why I would stay here as SDX is clearly (in my view) hugely undervalued!!!

[robbiekeane] 26/6/2018 11:19

It's got quite a bit of debt though - $67.2 million. Also, the Group experienced a net loss in the first quarter of 2018 of $10.1 million, including a $6.0 million unrealized loss on derivative commodity contracts. I'd like to see how that looks in the H1 figures.


SDX id debt free, which is why I would stay here as SDX is clearly (in my view) hugely undervalued.

[shakeypremis] 26/6/2018 07:56

Question is, will listing on AIM kill it or will it be allowed to rise?

[neo26] 25/6/2018 22:06

Another Canadian Oil producer joining aim on Friday Transglobe Energy, looking forward to it, mkt cap is only £120m and they produce near 15kboepd, majority oil.



Description of business:
TransGlobe is an independent international upstream oil and gas company with headquarters in Calgary, Canada, whose main business activities consist of the exploration, development and production of crude oil and natural gas liquids. The Company currently has exploration and production operations in the Arab Republic of Egypt and Canada. In Egypt, the Company currently holds a 100% interest in six (6) PSCs: West Gharib, West Bakr, NW Gharib, South Alamein, South Ghazalat and NW Sitra. Canadian operations are in west central Alberta, Canada, where the Company owns production and working interests in certain Cardium light and Mannville liquids-rich gas fields in the Harmattan area. As at 31 December 2017, the Company had 2P reserves of 46 MMboe and average production in Q1 2018 was 14,375 boe/d.



ONLY 72m shares in issue and 40% is owned by directors and II's

15 Sep 2017
18 Sep 2017
2 Feb 2018
3 Feb 2018

Admission Doc

[shakeypremis] 25/6/2018 12:25

TGG, so could well be pretty much all profit then.

[thegreatgeraldo] 25/6/2018 11:20

SDX have said previously that leasing the processing plant will be the main ongoing cost. AIUI, that cost is pretty much fixed, whether it's handling a few dozen bbls of liquid or several hundred bbls a day.

[shakeypremis] 25/6/2018 11:10

An interesting mention in the latest RNS was condensate production of about 600 barrels from South Disouq. Anyone have any idea how much this might be worth to SDX?

I did some very rough calculations based on a barrel price of $60 (no idea if this is what they'll get but it's a price paid for Canadian condensate for example).

600 barrels/day x $60 = $36,000/day gross

Circa 20% economic interest = $36,000/day x 0.2 = $7,200/day

$7,200/day net x 300 days operation per year (conservative I know) = ~$2m revenue per year.

No idea what costs might be on a barrel of condensate produced from a very low cost Egyptian gas well though.

Anyone have any ideas? $2m revenue is pretty meaningless but if it's mostly profit that will be meaningful as the South Disouq wells are only set to make around $10m profit per year net to SDX based on gas sales at $2.65/mscf.

[thegreatgeraldo] 25/6/2018 10:53

South Disouq mainly, with Morocco chipping in a bit

[griffin81] 25/6/2018 10:49

According to the interviews over the last couple of weeks, doubling production is on track from existing discoveries by the end of this year.

[neo26] 25/6/2018 10:15

Plan for year end was 8000boepd, will this still happen?

[haideralifool] 24/6/2018 20:52

The proposed investment in drills seems to be a pretty good use of the company's capital, rather than paying dividends.

[small_holding] 24/6/2018 18:37

plentymore fish
The interview you are referring to was with Malcy

hxxps://www.malcysblog.com/2018/06/core-finance-ceo-interview-paul-welch-of-sdx-energy/

Everything was positive but the no dividend statement was a bit of a shock.

[plentymorefish] 23/6/2018 11:34

In one of the interviews that PW did this week, he was clear that no dividend would be paid, all revenue would go into growing the business so don't think we'll see one any time soon

[napoleon 14th] 23/6/2018 10:55

"OPEC’s Agreement Sends Oil Prices Soaring" is the headline.
Upwards is the trend.....

Might take until next results. We know SDX is a LTBH.
A dividend wouldn't hurt!

[haideralifool] 22/6/2018 20:14

tgg you know you wanted an investor friendly name for the string of pearls? How about Pearl Jam. As in 'jam tomorrow'.

[thegreatgeraldo] 22/6/2018 18:17

Edison did give some useful detail to the Moroccan prospects pre-drill. Another vote forEdison!

[parisv] 22/6/2018 16:28

SDX held a capital markets event yesterday. Hopefully drumming up even more ii interest.