Sdx Energy Share Discussion Threads

[thegreatgeraldo] 16/7/2018 11:23

You're just a trader though, aren't you?

[ntv] 16/7/2018 11:05

tgg
one of the reasons i sold the rest out today
pointless RNS before full testing completed
GLA

[rpt_regal_petroleum_buy_now] 16/7/2018 10:57

RPT (Regal Petroleum) - Very much undervalued.

40 million USD cash in the bank
3100 boepd production
VAS 10 about to be hooked up further boosting the above
2 Great drilling updates last 2 weeks
84% of shares in institutional hands. Free float under significant pressure.
Significantly improving outlook in Ukraine for politics and gas and oil prices following new legislation.
40p short term price target based on fundamentals
Share prohets strong buy

hxxps://www.shareprophets.com/views/36976/regal-petroleum-continues-to-perform-strongly-operationally-buy

Company is very much on the turnaround, get in before the herd.

[jinxo777] 16/7/2018 10:35

After a long and painful discussion with myself i decided to sold all of my SDX shares last week - I still believe the shares are massively undervalued but I have lost patience with the performance of the shares - I believe South Ramadam will be a duster and this will tale another 10-15% off the share prices (even though it will have very little impact on the valuation of the company) - there seems to be very little interest in this share (can't figure out why but I am fed up with having a significant amount of cash locked in an under performing stock) - this is not a deramping post - I wish all long term holders the best of luck for the future - I might buy back in when SDX starts to attract more interest and the share price starts behaving in a logical manner - I know I might end up buying at a higher price but I am happy to take the risk - I banked some decent profits on my holding so I am not too disappointed overall!! GLA

[shakeypremis] 16/7/2018 09:54

Back down to 56 before going any higher I think sadly.

[thegreatgeraldo] 16/7/2018 09:52

RNS doesn't really say very much..... somebody in the industry would probably draw some conclusions if they'd given choke sizes for the the various flow rates

[saucepan] 16/7/2018 09:47

Perhaps a cache issue then, but not had that problem before; thanks.

[deltrotter] 16/7/2018 09:44

I saw it straight after 7 as well.

[saucepan] 16/7/2018 09:42

Thanks, tournesol. It appears now, I see, but definitely a glitch earlier.

[tournesol] 16/7/2018 08:34

Saucepan

Investegate was working fine for me just after 7. I had no probs seeing the RNS there.

Have you tried cleared your cache?

T

[saucepan] 16/7/2018 07:57

Thanks captainfatcat. You did well to spot that. There must be a glitch on Investegate as the RNS does not appear in the list of "today's announcements".

There will be a few people who have missed it.

[danieldanj] 16/7/2018 07:55

SDX Energy (SDX) News Out Just Now

[shakeypremis] 16/7/2018 07:54

Good RNS, another successful drill. Not very high flow numbers but still it's all extra cash flow. I think this is why SDX aren't going to be producing more than 50mmscf/d (was supposedly going to be about 57 but that seems to have since been revised downwards a bit);

"The well flowed at a maximum rate of 30.4 MMscfd during an eight hour clean up period and was then shut in for eight hours, during which time no pressure decline was observed. Following this, by varying choke sizes the well was flowed for two successive 12-hour periods at average rates of 5.4 MMscfd, 8.6 MMscfd respectively and one extended flow period of 24-hours at an average rate of 10.5 MMscfd."

[captainfatcat] 16/7/2018 07:12

Successful production test at SD-4X well, Egypt

[neo26] 14/7/2018 22:01

They did say testing will commence within 10 days after spudding sd3x.So they maybe testing now, i expect is to be similar to sd1x.

[tli8jaguar] 14/7/2018 17:46

Hopefully SD-4X test results next week.

[neo26] 12/7/2018 16:55

ShakeyIncreasing production by minimum 20% in morocco is extra handy especially since they will be getting $12 per mcf.Pw said the company should be worth £300m at the moment, not £120m at present.

[shakeypremis] 12/7/2018 16:00

I agree Griffs, that is a lot going on but I doubt that'll move the price a whole lot as I suspect the market already prices that in. The market doesn't seem to care about the doubling of production.

One think I would say on the 'doubling' of production. It's not like you were producing say 1000 bopd (barrels of OIL per day) from one field in one jurisdiction. Most of this doubling is coming from BOEs (barrels of OIL EQUIVALENT) and they aren't worth nearly as much as actual barrels of oil. So while doubling production sounds awesome doubling production in BOE terms isn't quite so awesome. That said in my book what SDX have done is awesome and they will get significant profits from doing it.

Also, screw the Egyptian government (and all governments for that matter) on their outright robbery. Just thought I would throw that in there. Way to stifle economic activity.

[griffin81] 12/7/2018 15:42

Shakey, we have flow testing results and three (possible four) drill results due in Egypt imminently followed by two 3D Seismic programmes and a casual doubling of production by year end. Plenty of news to cause SDX to rise towards a more appropriate level.

[shakeypremis] 12/7/2018 15:32

Could well be Neo. Just have to find it and prove it commercial. See you in 2019. Not a lot going on that'll move this until then it would seem. That said, no reason it can't revalue in the mean time.

Doubtless there's more cheap gas in SD too.

[neo26] 12/7/2018 13:28

shakey

im convinced there is alot of oil in SD, SD1x did have oil shows.

Really pleased they will target oil early next year, Young prospect looks impressive.

[shakeypremis] 12/7/2018 13:20

Neo

I'd prefer that too. Spend a bit more money doing a little bit more in SD than is planned so far.

[neo26] 12/7/2018 13:04

shakey

with the price of oil i dont see them finding an attractive asset for decent price like they did with circle asset.

IMHO, they have only explored 20% of SD acreage, i would prefer they invest in the SD acreage as i see huge upside.

[neo26] 12/7/2018 13:01

Haidar

Im expecting them to hit £1 before end of 2018, they have another decent drilling campaign planned for 2019 and it will all be covered by current cash flow, so no raising funds unlike most companies on aim.

With regards to the placing you are referring to, one can speculate the company did not need it, we dont really know what happened behind close doors, so i wont speculate.

Strong chance sd3x will reach td late next week, who knows we may get flow rates for sd4x near the same time.

[shakeypremis] 12/7/2018 12:52

Haider, every indication we've had is that SDX won't be issuing any more shares. Certainly not to fund organic growth (unless they come across something huge I guess). Cashflow and the surplus cash they have at the moment should be enough to fund small acquisitions too, should they go for anything.