Sdx Energy Share Discussion Threads

[rolo7] 01/3/2021 12:57

Proactive investors webcast on Thursday might get some interest?!

[shakeypremis] 03/2/2021 20:55

Cliches are somehow even more cliched with SDX.

[winnet] 03/2/2021 18:24

I keep thinking about packing it here. But this year really could be transformational. I know it's a cliche but if they doubled reserves, folk would stand up and take note...

[goldieshotz] 28/1/2021 13:27

I dont like the capex program for this year. Its too high, less focus on increasing reserves in morocco and more focus on selling current reserves should be the ethic.Egypt, I have no issues with right now but they do need to increase production asap in SD if hanut comes in. Less than 12 months to first gas if its economical and as big as they say. First gas at SD from discovery was shamefully long.The share price isnt higher because of where they operate and being gas. Oil is just worth alot more.

[ride daice] 28/1/2021 09:06

I've mentioned this in the past but I've sadly come to the conclusion that it's a lifestyle company.

[grim] 26/1/2021 19:38

A dividend would give it some credibility

[shakeypremis] 26/1/2021 12:53

Doubling your reserves in say a producing gold mine would result in an increase in share price. Will the same happen here with SDX? The jury is out.

[shakeypremis] 26/1/2021 12:48

.... lol

If the drill comes in as SDX hope then it DOUBLES the company reserves. Yes doubling Morocco reserves would be much more valuable in terms of NPV but it's still very good. Question is, will anyone care? Maybe if they can delineate further areas of high-prospectivity in South Disouq and get the adjacent concession areas and also increase the CPF capacity then we'd really be talking.

[haywards26] 26/1/2021 12:43

Further meaningful drilling success at South Disouq has to translate into a share price re-rating this year surely...

[novicetrade68] 26/1/2021 11:34

good to see a 300k buy, nice update today as well imo, a new exploration well planned for 2021 too.

[shakeypremis] 13/1/2021 16:14

I do hope it is true. Monetising more gas in Morocco, even though it will be less profitable than their existing pipeline gas business, may well be transformational to revenues and profits. They might be able to sell more (volume) that way than they sell currently via the pipeline.

[goldieshotz] 13/1/2021 15:57

I did see shakey. Thanks for sharing. I seen the usual troll responses too. Much more civilised here.I've been in and out of here for a while.I've always said if they can find a way to sell more gas, it would transform the company. Its good news if its true and the company confirms it.Eagerly awaiting hanut and pleased to see the partners paying their way too.We should be testing the low 20's soon into late Q1 if my theory is correct. Then the rampers will be all over this pre-hanut spud.

[shakeypremis] 13/1/2021 11:02

Here's something I found last week and posted it on LSE board;

hxxps://lematin.ma/journal/2020/sdx-energy-maroc-decroche-nouveau-financement-berd/350075.html

"The European Bank for Reconstruction and Development (EBRD) signed a $ 25 million financing agreement for SDX Energy Morocco. This five-year facility includes a first committed tranche of $ 10 million to connect local industries to the company's gas fields in the Gharb region. A second uncommitted tranche of up to $ 15 million depends on SDX Energy's acquisition of other natural gas assets in the country.

New EBRD support for the Moroccan energy sector. The European Bank for Reconstruction and Development has just signed a financing agreement of 25 million dollars in favor of SDX Energy Morocco. This facility, with a maturity of 5 years, is subdivided into two tranches. A first pledged of $ 10 million will be used to connect local industries to the company's existing gas fields in the Gharb region. The second uncommitted of a maximum amount of $ 15 million depends on the acquisition by SDX Energy of other natural gas assets in the country, and would take the form of infrastructure investments, in particular for the possible use of gas. '' advanced compressed natural gas (CNG) technology.

According to the EBRD, this new loan will allow the Moroccan subsidiary of the British company SDX Energy Plc to finance part of its investment plan of 65 million dollars to develop its operations in Morocco and, thereby, support the efforts of the country to place gas, like renewable energies, at the center of its decarbonisation plan in response to the commitments made within the framework of the COP 21.

A loan structure that does not exist on the local market
The industrial acceleration that the Kenitra region is currently experiencing has led to an increase in energy demand, in particular in the new Atlantic free zone, where the manufacturer PSA and part of its ecosystem are located. “The funded project will facilitate the substitution of polluting petroleum products - essentially LPG - by cleaner natural gas in Moroccan industry, which should lead to significant emission reductions of around 200,563 tCO2eq over 10 years. SDX's additional gas supply will be used in full in the local industrial zone ”, underlines the EBRD in the loan file. The institution considers, moreover, that the loan is granted under advantageous conditions compared to the market.“The EBRD offers financing that commercial entities do not provide on reasonable market terms, such as a longer grace period. This type of financing is necessary to structure the project. The EBRD is therefore proposing a loan structure backed by a reserve that best corresponds to the nature of this development project but which is not available on the local market ”, it is specified. For her, the private oil and gas sector in Morocco is in the early stages of its creation, which hardly attracts financial institutions given their lack of expertise in this sector.Note that the EBRD had already granted in July 2018 a loan of 10 million dollars to SDX Energy Maroc to finance the improvement of upstream gas production and gas transport infrastructure associated with customers of the industrial zone of Kénitra. . It should be noted that SDX holds a direct stake of 75% in the entire Moroccan portfolio, which includes the exploration permits of Sebou Central, Gharb Occidental, Lalla Mimouna North, Moulay Bouchta Ouest and Lalla Mimouna Sud, as well as a number of exploitation concessions containing the producing wells. SDX sells the gas produced by its Moroccan assets to eight customers at contract prices of between 10 and 12 dollars / Mcf."

[shakeypremis] 13/1/2021 11:01

Goldieshortz, nice price to get a few more. While a lot of us bought in a lot higher here, this stock has given us all multiple opportunities to scoop up stock at bargain prices. In March when everything went to sh*t I increased my holding by a third at the crazy price of 12.2p. Have bought even more between that price and 17p since. It is dirt cheap down here based on current fundamentals, let alone what SDX might be capable of achieving in the future.

[goldieshotz] 13/1/2021 09:40

I scooped more late yesterday and early this morning. Hopefully a bounce from here.

[winnet] 05/1/2021 08:40

I'd imagine they are waiting to review the newly discovered Top Nappe play before declaring a CoS. I'd expect this new to be forthcoming pre drill.

[ashkv] 05/1/2021 08:02

SUCH AN UNDERVALUED FIRM BUT PERHAPS FOR GOOD REASON!!!

Is the partner joining for costs on these announced West Gharib drills? $12mn on drilling costs for only 2Bcf of resources and no update on chance of success???

THIS LOOKS LIKE TO BE POSSIBLE CORRUPTION - STEALING FROM SHAREHOLDERS ON THESE USELESS DRILLS/INFLATED COSTS FOR SHALLOW WELLS?

Will there even be $12mn of profit from these wells when Opex, Running costs etc FACTORED!!! Time that useless Muppet SDX management focus on returning capital to investors or winding down/selling firm. ABSOLUTE GARBAGE MANAGEMENT!!!
Below is from RNS with no change ->
Four wells in Morocco (75% W.I.)
· During the year, the Company will drill four 'close to infrastructure' appraisal/development wells, two of which will be deepened to target the newly discovered Top Nappe play. The LMS-2 discovery will also be tested in 2021.
· The campaign which will commence in early Q2'21 and complete late Q3/early Q4'21 will target approximately gross 2 bcf of recoverable resources, excluding the volumes in any potential Top Nappe prospects, which are still being assessed.

[ashkv] 05/1/2021 08:01

What is the chance of success on West Gharib drills announced for 2021? Partner share of costs? $12mn seems excessive - meager 2Bcf of resources. Given drilling costs, opex etc - will these even be profitable!!! Seems a waste!!! Management should return funds to shareholders!!!

[shakeypremis] 14/12/2020 12:22

Heard that before.

[basem1] 14/12/2020 10:28

Yes good to see substantial buying

[jason_scrap] 14/12/2020 10:21

That time is coming to an end shortly imo :)

[shakeypremis] 04/12/2020 15:43

I hate being right.

[basem1] 02/12/2020 11:38

This stock is poison for me Every time I buy it it goes South

[shakeypremis] 26/11/2020 16:41

Agree Haywards26, that's why increased by holding by a third at 12.5p and have bought further lots at 14p, 15p and 16.5p and probably some others I can't remember.

[haywards26] 26/11/2020 13:18

This is more like it..I have been of the opinion for while that anything under 20p is crazy...