Sdx Energy Share Discussion Threads

[shakeypremis] 24/4/2020 08:20

Discovery is worth more to SDX if they develop it on their own and take 100% of production (obviously before the State take their extortion money).

[kaos3] 24/4/2020 07:41

I like this one:

the cost to complete, is estimated at US$3.7 million. Under Clause 8.5 of the Joint Operating Agreement, 'Premium to Participate in Exclusive Operations', if the Company's partner elects to participate in the well now that a discovery has been made, it is required to pay its full 45% share of the well cost, plus a premium of a further 300% of this amount

[mojad5] 24/4/2020 07:34

Great stuff - SDX still coming up with the goods.

[tli8jaguar] 20/4/2020 21:11

Peel Hunt analysts updated their model today following #SDX results, viewing the company as “hugely undervalued and limited oil price exposure…with cash flows that are decoupled from Brent pricing” and maintaining their BUY rating #OOTT

[sleveen] 08/4/2020 13:12

shakey

the write downs

[dado90] 08/4/2020 09:09

Excellent news but, knowing how this stock normally behaves, i won't be surprised if it finishes flat (or even down!) for the day. initial enthusiasm always fizzles out for this stock. Very frustrating....

[shakeypremis] 08/4/2020 08:25

Sleveen, why were results so terrible yesterday?

[cwmwillis] 08/4/2020 08:23

Unless he copy and paste someone else post, i would say so!

[oilinvestoral] 08/4/2020 07:49

SwmwillsIs ashkav luckcounts?

[sleveen] 08/4/2020 07:42

Decent result, but will it make much difference?

Terrible results yesterday.

[oapknob1] 08/4/2020 07:38

Commercial discovery at Sobhi well in Egypt

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, is pleased to provide an update on drilling operations at the SD-12X ("Sobhi"; SDX 100% working interest) well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest).

The well has been drilled to a measured depth of 7,245 feet, encountering 108 feet net of high-quality gas-bearing sands, with an average porosity of 20%, near the base of the Kafr El Sheikh (KES) formation. The top of the KES sand was encountered at a measured depth of 6,506 feet. Management's best estimate is that the well has encountered approximately 24 bcfe of recoverable gas and condensate resources which is significantly in excess of the minimum commercial volume of approximately 8 bcfe.

The drilling rig is now completing the well and preparing for testing in the coming weeks. An announcement concerning the results of the testing of SD-12X will be made in due course.

[cwmwillis] 07/4/2020 20:51

Luckcounts.

Chill

[ashkv] 07/4/2020 16:51

My key observation on the results out today 7 April 20.
2020 Capex of $24.7mn if BLOODY NUTS / NOT CALLED FOR,
$43mn Capex in 2019 - FOR WHAT!!!! HALF OF THIS MUST BE GOING FOR DUBIOUS PURPOSES / GETTING SIPHONED OFF

AT 12.5P SDX MARKET CAP IS GBP 26 million or at Today GBP/USD of 1.23 a MARKET CAP of USD 32 million

Capex in 2019 was nearly 1.5X current Market Cap - where did it get the firm. A BUY BACK IS MORE PRUDENT GIVEN THESE DEPRESSED PRICES RATHER THAN NEEDLESS DRILLS WHEN DON'T HAVE BUYERS FOR THE GAS - ABSOLUTE MADNESS ON THE PART OF THE BOARD AND THE NEW INTERIM CEO. WHAT SORT OF BUSINESS SENSE IS THIS!!! NO REWARD FOR DRILL RESULTS - WHICH WE RECENTLY HAD...

With Cash of $8mn on books, no debt SDX Enterprise Value is =
MARKET CAP +DEBT -CASH [AT 12.5p SP]
MC US$ 32mn + DEBT 0 - CASH US $16mn ($8mn Cash as of 31 March per FY Results + $8mn per FY Results)
=US $16mn
SO EV IS US$ 16mn -- THIS IS A SCREAMING BUY IF THERE WAS ONE AND LIKELY LESS CHANCE OF FRAUD ETC AS MUPPET CEO WAS FIRED.

BOARD/MANAGEMENT REALLY NEED TO GET THEIR ACT IN ORDER OR SHOULD BE SACKED WILLY NILLY CAPEX OF US$24.7mn in 2020 is NUTS WHEN ENTERPRISE VALUE AT PRESENT IS 40% BELOW 2020 Projected CAPEX!!!!

[micktrick] 25/3/2020 20:04

GHH,

SDX have historically been very good at obtaining payment from the Egyptians. Maybe Pharos could do themselves a favour and put a cheeky bid in for SDX

[value viper] 25/3/2020 11:23

I'd just buy them myself - every stock a big punt atm

[ghhghh] 24/3/2020 15:59

Is principle risk is Egyptian non payment? How critical was this last time? Now dealing with cost of Covid. My brother in Luxor, sounds like authorities doing a good job

And risk of Moroccan non payment due to Covid/businesses in limbo?

[oapknob1] 19/3/2020 07:36

Good update this morning. Potential when the madness stops.

[iamgreat1] 16/3/2020 09:05

10p here soon