Sdx Energy Share Discussion Threads

[soulsauce] 21/3/2017 12:25

Borg would expect first news around 20th April give or take.

Based on other aim oiler valuations anything is possible but imo:-

Duster we will have some short term weakness but can't see it below 40p.

Gas only 120 - 150p

Oil only 150 - 180p

Gas and oil 250p+

Has to be remembered that any find at SD1 would derisk the 2nd drill significantly and any other targets on the block for that matter.

The beauty is here even if sd doesn't come in there is little or no downside from here.

[borg45] 21/3/2017 12:05

SoulWhen do you expect news on SD1?More to the point where do you expect the share price to get to?

[soulsauce] 21/3/2017 11:42

Welcome slepy

[slepy] 21/3/2017 11:38

Morning all,
After holding AEX for close to 7 years(in loss), I've sold half of my holding recently on the rise.

Bough 10k SDX today as it looks like a way undervalued company with great prospects. Will double my holding over the coming few days.
Nice to see some posters from AEX's old times. Cash ;)
GLA

[neo26] 21/3/2017 10:41

He gives alot of airtime to sdx compared to the other two stocks...

[someuwin] 21/3/2017 10:20

Anyone who doesn't realise what all the excitement is about here need just listen to the first part of this podcast...

[soulsauce] 21/3/2017 10:19

borg they would sooner chase FOG, AEX and others to ridiculous levels on what they may have. May be it will sink in if SD1 comes in and they are paying over 100p for the privilege.

[borg45] 21/3/2017 10:15

With Malcy comments this could test 50p again today, cannot believe the herd has not seen how cheap this share is with the massive potential on the cards glad I bought at 30p level

[neo26] 21/3/2017 10:12

Yes baby, go!!!

[neo26] 21/3/2017 09:39

Good rise coming, company expected to generate 30m free cash flow this year with current operations and 42m the next year.Massively undervalued...

[someuwin] 21/3/2017 09:27

I do like this phrase from Malcy yesterday...

"I think that the shares are extraordinarily cheap at the moment..."

[basem1] 21/3/2017 09:13

Seems like the overhang may have cleared. ????

[cashandcard] 20/3/2017 20:45

From Malcy, "What is more, they've got a second location which is permitted, staked and drill ready which could easily be bigger than the first one. The only reason they're doing this one (SD-1X) first is because they've got a big chance of finding this gas. If they didn't they'd probably go for the other oil play""my numbers are beginning to get carried away here but, it's well more than twice the current shareprice" - Cash

[neo26] 20/3/2017 20:21

at the moment Malkys target is 100p but if this well comes in well above 100p.

These are interesting times, i think they have very good chance to encounter gas, oil will be bonus.

Paul Welch has said this on a number of interviews something along the lines, when you get bright spots near the fault lines this is significant as the past success rate has been 90%. Considering all around us other parties have found gas this is really positive.

[someuwin] 20/3/2017 19:12

VOX Markets podcast: Malcy on SDX Energy, Savannah Petroleum and IGAS Energy...

[neo26] 20/3/2017 14:20

whats interesting is they got the extension before spudding the well. The gas is further de-risked with positive avo data.

Interesting times...

[soulsauce] 20/3/2017 12:47

Wow:-

indeed the company already have another oil target drill ready. SD Deep-1X has significantly higher potential in the oil bearing sections and I imagine that they will drill that next.

Drill ready, interesting. That 3D must have been something special.

[cashandcard] 20/3/2017 12:46

neo,

Thanks for those maps. Judging by the Nile meandering towards the city of Mansoura, the Abu-Madi/Baltim fairway shown in SDX's presentations and the current prospect being drilled, are immediately south of the city of Mahalla - just like it mentions in that article re. huge gas resources after a 3D shoot in Nile delta.


Cash

[paleje] 20/3/2017 12:33

Malcys blog today:-

SDX has announced this morning that the SD-1X well at South Disouq in the Nile Delta has spudded looking for gas in the Upper Abu Madi section and oil in the Lower AEB and Abu Roash sections. The well will take 30-45 days depending on what they find, expectations are high and if either gas or oil, or both, are discovered then it will be transformational to the company. It looks pretty optimistic on both fronts, the 3D seismic showed an AVO response which significantly de-risks the gas play and the oil play is ‘pervasiveR17; in the block, indeed the company already have another oil target drill ready. SD Deep-1X has significantly higher potential in the oil bearing sections and I imagine that they will drill that next.

The numbers are also appealing to SDX, the well cost is $3.7m of which $3m is carried, following the recent raise they have $18.3m of cash and no debt and of course expect $30m of free cash flow this year and $42m next. Infrastructure nearby means that any discovery at South Disouq would be extremely convenient, three major trunk lines run through the concession giving transport options for gas, oil or condensate only 5km from SD Deep-1X or 11km from SD-1X.

Even if the South Disouq well doesnt come in there is plenty to like about SDX at the moment, the Circle deal is bedding in well, the company has a break even price of $21 Brent and a strong balance sheet in preparation for maybe more accretive acquisitions which the management are confident about. I think that the shares are extraordinarily cheap at the moment, I know that they carry the risk of an exploration well drilling at the moment but there is a good deal more upside than down, compare the £85m market cap with those cash flow numbers and you can see why.

[krobertson878] 20/3/2017 11:55

hxxps://bonker99.com/SDXBlog

[pauliewonder] 20/3/2017 11:51

Edison researchSDX Energy announced this morning that it has spudded the South Disouq (SD-1X) well in Egypt, targeting gas and oil across a number of intervals. This is a high impact event for SDX Energy, as current company 2P reserves of 4.7mmboe (post acquisition) would be dwarfed by success at South Disouq (we model a 65mmboe field of which SDX holds 55% WI), which could be developed quickly due to existing pipeline infrastructure passing through the block. Our valuation for South Disouq is 6.8p/share, although on success we would expect notable de-risking. Our core NAV is 42p with a full NAV (including South Disouq) of 57p/share. The well is due to take 30-45 days, so we would expect a result in mid late April.

[paleje] 20/3/2017 10:48

Cantor reiterated their 78p buy advice this morning.

[deltrotter] 20/3/2017 09:42

Thanks Captain.

[captain james t kirk] 20/3/2017 09:40

It certainly explains the interest shown in our acreage by other companies and further confirms the prospectivity of the area.

[deltrotter] 20/3/2017 09:22

So what does this mean for SDX captain?