Sdx Energy Share Discussion Threads

[potential] 05/7/2018 09:19

Not long to go now and we all know where we're heading with SDX :-)Another day of strong buying - it's coming.....The SD-3X well is the second of two appraisal wells in the Company's 2018 drilling campaign at South Disouq. The well is anticipated to take up to 30 days to drill and if successful, will be completed, flow tested and connected to the infrastructure being developed at the SD-1X discovery location.In addition, well testing at the SD-4X discovery is expected to commence in the next 10 days. Following the test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SD-1X discovery.

[neo26] 04/7/2018 13:41

Upcoming work programmes

Planned development and E&A activity focuses on South Disouq (Egypt) and the Rharb Basin (Morocco). Key elements of SDX’s budgeted work programme include the development of South Disouq (c $15m net); six Egypt explorations wells including the Young oil prospect (c $8.5m net); a 3D survey in South Disouq ($3.5m net); a 12-well exploration programme (c $24m payable by SDX during 2019/2020) in Morocco; Lalla Mimouna tie-in ($4.5m payable by SDX in 2019/2020); and a Gharb Centre 3D survey ($6.5m payable by SDX). SDX has more than sufficient cash and cash flow to fund this work programme and, we believe, will be generating significant excess free cash flow beyond 2018 based on current production forecasts.

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spending quite abit on their assets

[haideralifool] 04/7/2018 13:24

neo - they work off the information provided by the company and add risking where they feel it is merited.

They do a lot of the legwork which makes it easier for PIs to come up with their own numbers or make an assessment of the implications of different scenarios.

For example, with the current paper I see that Young has a relatively high level of risk attached. If it comes in there could be some useful upside, which is not reflected in their targets.

[cashandcard] 04/7/2018 10:48

Nice research note, will cast my eye over this again.


Cash

[potential] 04/7/2018 08:22

After reading he report yesterday it's just strengthened sdx position and I've topped up a further 10k and why not - 61p is an awesome price especially with target now moved to 94p and the cash piling up by the day !!

[robbiekeane] 03/7/2018 13:16

That's a very bullish research note from Edison - excellent!!!

[parisv] 03/7/2018 11:20

Edison research note:



"Our RENAV rises from 65.6p/share to 92.5p/share (+41%) and core value from 58.3p/share to 79.8p/share (+36%)."

[melody9999] 03/7/2018 11:11

Certainly have

In this note, we revisit SDX’s 2017/2018 gas discoveries in Morocco and Egypt and look ahead at the company’s plans to leverage this success to deepen its resource base. In 2019, drilling in Egypt will focus on several Ibn Yunus lookalikes with combined unrisked recoverable volume of c 70bcf and a 17bcf Abu Madi structural trap. In addition, SDX will target a 50mmbo unrisked oil prospect in 2019. In Morocco, SDX has a commendable 87% success rate of discovering gas at Sebou based on calibrated 3D seismic; 2019 targets include 20bcf of gross unrisked resource adding gas-behind-pipe in order to meet anticipated demand growth. Our updated valuation includes planned exploration, appraisal and development activity for 2019 and higher short-term oil price expectations, with valuation rising from 65.6p/share to 92.5p/share (+41%).

[shakeypremis] 03/7/2018 10:55

Well, well! Edison finally have made an appreciable increase to their valuations! I never thought I would see the day. Will it do any good? I doubt it.

[ifthecapfits] 03/7/2018 10:47

Valuation: Reflects discoveries and 2019 wells

Our updated valuation reflects the movement of prospective resource to core value to reflect recent discoveries and the inclusion of SDX’s 2019 drilling programme. Our RENAV rises from 65.6p/share to 92.5p/share (+41%) and core value from 58.3p/share to 79.8p/share (+36%).

[robbiekeane] 03/7/2018 09:52

In my opinion the only thing to put a rocket under the shares will be an increase in guidance with the 2nd Quarter results due on or around 24th August. PW hinted in a recent interview that SDX hoped to exit 2018 producing more than 8,000 boepd. The market appears to have become strangely oblivious to the successful discoveries and positive news flow from the Company. Basic economics will see the share price rise when the cash rolls in.

[griffin81] 02/7/2018 09:14

Absolutely amazed we are in the 50's still, with all of the progress SDX has made over the last 12 months, Brent above $78 and another drill due to spud imminently. Feels like the market has forgotten SDX is due to double production from existing discoveries within the next 6 months. The Quarter results should set out how much additional cash SDX is generating, and hopefully this will wake up the share price

[darola] 29/6/2018 08:33

Just set up a TGL thread, so can take it off here. Sorry for few days of off topic folks.

[neo26] 28/6/2018 21:18

Darola

I can see the CEO doing great PR and setting up interviews tomorrow, there is only 72m shares.

With the POO near $80 i can see them generating excellent cashflow.

Share price will open above £2 and mkt cap on only $150m is steal for a company producing 15kbopd.

[darola] 28/6/2018 15:45

Up 14% last two days, tomorrow when it goes on AIM it could easily do another 15/20%.

[neo26] 28/6/2018 12:57

GersemiWill do when it ipo's tomorrow. Only 72m shares in issue.

[pjj71] 28/6/2018 10:56

higher and higher oil and gas.. lower and lower the sdx dog goes...

[gersemi] 28/6/2018 06:49

neo26

Are you setting up a thread for TransGlobe Energy?

thanks

[pjj71] 27/6/2018 15:51

every other energy stock flying whilst this dog is dying