Sdx Energy Share Discussion Threads

[swiftnick] 22/1/2020 13:00

Yes, the share price touched 44.25p on 6 January 2019 and closed the year at 22p, so it more than halved in a year in which production increased by 12%.A disappointing market reaction so far to this morning's update. Hopefully success with the drill bit will finally galvanise the share price back into life.

[thomas11] 22/1/2020 13:00

Hi Brasso3 - I agree but the CEO is not being honest, I need to trust the management team and to say that South Disouq development project completing on time and on budget in 2020 is just a complete lie - apologies for having a different view

[thegreatgeraldo] 22/1/2020 12:58

Previous CEO clearly took his smoke & mirrors with him..... nice to see real clarity in today's update

[brasso3] 22/1/2020 12:51

If you want to make money on AIM you need to look forward rather than backwards. The new CEO has done an excellent (faultless) job since the dismissal of Paul Welch.

[thomas11] 22/1/2020 12:47

Interesting quote

"2019 was a successful year for SDX, with all key metrics being ahead of expectations, success with the drill bit and our key South Disouq development project completing on time and on budget"

The Share price dropped 35% from 40.5p in Jan 2019. I think we could without another successful year.

SDX has been through a shocking year resulting with the dismissal of the CEO. I believe it may have turned a corner and looking a lot better but why not be honest with people. This shocking gloss on the facts turns me off and reduced by confidence in investing here.

GLA/DYOR etc

[brasso3] 22/1/2020 07:43

Solid update.

2020 production to rise significantly and CAPEX to reduce by 50%. What is not to like there! On to the Mo Salah well! :)

-- 2020 production guidance of 6,750 - 7,000 boe/d is 68-74% higher than 2019 production. Guidance includes 1,000 - 1,050 boe/d for North West Gemsa which the Company may exit during the year if sufficient cost savings cannot be achieved by the operator.

-- 2020 capex guidance of US$25.5 million predominantly relates to the completion of the Morocco 12 well drilling campaign, two exploration wells planned for South Disouq, Egypt, and up to three appraisal/development wells planned for the Meseda and Rabul fields in the West Gharb concession.

[nasnas1] 21/1/2020 21:29

News imminent !!!

[brasso3] 21/1/2020 13:18

I expect it will hit 25p first which is normal with any kind of breakout.

[nasnas1] 21/1/2020 12:59

Nice time to top up before the news end of week.

[kaos3] 17/1/2020 16:22

golden cross in the next few trading days

[brasso3] 17/1/2020 13:12

SDX usually provide a detailed operational update during the last 2 weeks of January.

[oilinvestoral] 17/1/2020 13:08

SDX will update the market on the progress of the drilling campaign at the earlier of the completion of the first testing campaign, which will cover up to four of the first seven appraisal wells, or the issuance of the Company's planned year end operational update in early January 2020.

[nasnas1] 17/1/2020 12:39

Getting reactions now, people are getting to hear about Sdx in the open market - expect buys to increase over the coming days for sure!

[kilijarslan] 17/1/2020 12:11

Volume 454kAverage volume 199kOver double the average volume

[kilijarslan] 17/1/2020 09:58

Agree on that brasso! I'm a buyer up till 30p

[brasso3] 17/1/2020 09:39

SDX has had its troubles but one problem it does not have is success with the drill bit. They always seem to find the hydro-carbons when they sink a well.

[nasnas1] 17/1/2020 09:26

27p paid!!!!

[brasso3] 17/1/2020 09:13

With another big drill in Feb that can come straight online I can only see this rising to 40p now in the short term.

[ihavenoclue] 17/1/2020 08:54

Finally broke 25p?

[momentum1] 17/1/2020 08:38

Looking perky this morning.

[momentum1] 17/1/2020 08:23

Morning all

[nasnas1] 17/1/2020 08:08

Morocco "High Margins"Will report results of 1st 4 wells "early Jan" of 12 well prog.Pros-Historical success rate of 80%-Previous avg flow rate 9 MMscf-CAPEX per well $2M inc hook up-OPEX $0.7Mcf-Avg Gas price $10.5 Mcf-Well pay back time approx 23 days

[nasnas1] 17/1/2020 08:07

Sdx Starting to get attention