Sdx Energy Share Discussion Threads

[dgarvey] 24/1/2022 08:50

Trolls have arrived so expect the share price to move forward.

[ashkv] 21/1/2022 17:29

Updated Enterprise Value / Barrel for SDXToday 17:28

Given added production from West Gharib - at 8p SDX stock is at a level where the Enterprise Value of SDX is Zero....

Just sell the firm - liquidate it as we will get 30-40p min

21 Jan 2022
Brent: $87.64
Share Price: 9.6
Shares Outstanding: 205,378,069
GBPUSD Exch Rate: 1.36
Market Cap GBP: £19,716,295
Market Cap USD: $26,814,161
Debt: $0
Cash: $9,800,000
Inventory (2021 Half Year Figures): $7,640,000
Investments (Egyptian Oil Services Firm per 2021 HY Report): $4,013,000
Enterprise Value(EV) (Only Subtracting Cash): $17,014,161
Enterprise Value(EV) Sub (Cash+Inventory+Investment): $5,361,161
Production Actual Till End Q3 2021 (50% Net from 300bp Gross West Gharib Well): 6,081
EV/Barrel-USD (Cash): $2,798
EV/Barrel-USD (Cash+Inventory+Inv): $882
(Minimal Decomissioning Costs)

[ride daice] 20/1/2022 09:26

More importantly the board should articulate to shareholders how they intend to increase the market capitalisation of the company because it's not obvious to me at least that this is a priority.

[slicethepie] 20/1/2022 08:59

The board should stick the share price chart in front of their two brokers and their pr chap and say what are we paying you muppets for ?

[specialistwasagypsey] 18/1/2022 20:43

Special is a pauper …

That’s sad.

There was never any £72m… 😢😢😢

[ride daice] 18/1/2022 20:32

Are you hydrophobic by any chance ? Please be aware that a lame rabid dog is less of a risk than a mobile one.

[winnet] 18/1/2022 09:05

Hey tazerface - please don't use the c word. If you were in the room physically I would ask you to leave with that kind of potty drivel. Let's keep it clean, eh?

[tnt99] 16/1/2022 20:35

Bought in at 10p must be tripling from here on good news

[tnt99] 07/1/2022 10:28

Those figures just keep getting better and better with Brent at 82 and climbing and an extra 2 million per annum being put in the pot from the new production with more to come if management can double production in the next year join the train to 20p plus plus woo! Woo!

[a0469514] 06/1/2022 17:00

ashkv, it is very refreshing to see your quality number crunching on here. Your posts are very enlightening and much appreciated. For newcomers on here, analysts looking at SDX tell a similar story. A number of these can be found on the SDX website. I have topped up again today and the shares look very promising indeed.Xylos

[tnt99] 06/1/2022 09:26

Nice one winnet

[wigwammer] 06/1/2022 09:06

Happy days :)

[winnet] 06/1/2022 08:48

The bonus here now, is that most of the shares will be tightly held at these levels meaning the MM's will have to push the price up to get some liquidity.

Most analysts have this at 20-50p targets. Worth remembering it wasn't so long ago i was a buyer at 20p. Before the current management got involved of course and before Hanut was a duster.

[ashkv] 06/1/2022 08:21

We can't win them all - Eland, TXP, CNE, RRE, TRIN, SQZ etc etc have more than made up...

At the end of the day SDX is not a BLVN / RKH situation with endless FID wait...

Also BLVN which I still hold a bit off very well could come good....

SDX for a Zero Debt producing firm (albeit with suspect management) is overly undervalued... even more than dodgy CIS firms such as Enwell...

[winnet] 06/1/2022 08:12

ashkv, its been many years since you were on the wrong side of the BLVN argument. Pleased to see CoC didn't take your coat. Let's hope we are both on the right side of history with SDX.

[ashkv] 06/1/2022 08:06

Brent: $80.40
Share Price: 10
Shares Outstanding:205,378,069
GBPUSD Exch Rate: 1.35
Market Cap GBP: £20,537,807
Market Cap USD: $27,726,039
Debt: $0
Cash: $9,800,000
Inventory (2021 Half Year Figures): $7,640,000
Investments (Egyptian Oil Services Firm per 2021 HY Report): $4,013,000
Enterprise Value(EV) (Only Subtracting Cash): $17,926,039
Enterprise Value(EV) Sub (Cash+Inventory+Investment): $6,273,039
Production Actual Till End Q3 2021 (50% Net from 300bp Gross West Gharib Well): 6,081
EV/Barrel-USD (Cash): $2,948
EV/Barrel-USD (Cash+Inventory+Inv): $1,032
(Minimal Decomissioning Costs)

[ashkv] 06/1/2022 07:58

Q1 2023 Production Increases to 3500-4000bpd (SDX 50%) so approx (3750/2 - Mid point of guidance).

At $68 Brent net back was $35 in first 9 months of 2021

At $80 Brent or higher which is predicted for 2022 net back is $47

So come Jan 2023 - Egypt alone will be producing $32,165,625 million dollars annually in annual net back

And what is the EV at present?? PEANUTS

Any positive news on Morocco (as is expected in Jan 2022 per management guidance ) and the share price could treble/quadruple in short order...

[ashkv] 06/1/2022 07:58

THIS IS GREAT NEWS!!!

6 January 2022
SDX ENERGY PLC ("SDX", the "Company" or the "Group")

COMMENCEMENT OF OIL PRODUCTION AT MSD-21 WELL, WEST GHARIB CONCESSION EGYPT
SDX Energy Plc (AIM: SDX), the MENA-focused energy company, is pleased to announce the commencement of oil production at the MSD-21 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-21, which encountered the primary top Asl Formation reservoir at 4,040ft MD (3,251ft TVDSS) and reached 4,740ft TD, after drilling through 62.3ft of good-quality, net oil pay sandstone with an average porosity of 21.3%. The well has now been successfully perforated, tied-in to the existing facilities, and flow tested. It is expected that, post-clean up, the well will achieve a stabilised gross production rate of c.300bbl/d which is in line with pre-drill estimates.

MSD-21 is the first well in a fully-funded, 12-well development campaign at the Meseda and Rabul oil fields in the West Gharib concession, Egyptian Eastern Desert. The development drilling campaign is aiming to grow gross production from current rates of c.2,100bbl/d to c.3,500 - 4,000bbl/d by early 2023.

The rig is now in the process of moving to the next well in the campaign, MSD-25, which is expected to spud by mid-January.
Mark Reid, CEO of SDX, commented:

"We are pleased to get MSD-21 successfully perforated and connected to our infrastructure. The well is now producing and, when it has fully cleaned-up, we expect it to contribute c.300bbl/d of gross oil production. This campaign provides a low-cost, highly beneficial exposure to the oil price and with a netback of US$35/bbl at US$68/bbl Brent in the first nine months of 2021, West Gharib is a very high margin asset in our portfolio. MSD-21 and subsequent wells are expected to significantly boost the production and cashflow from these fields in the coming months and I look forward to updating the market further as the campaign progresses."

About SDX
SDX is an international oil and gas exploration, production, and development company, headquartered in London, United Kingdom, with a principal focus on MENA. In Egypt, SDX has a working interest in two producing assets: a 55% operated interest in the South Disouq gas field in the Nile Delta and a 50% non-operated interest in the West Gharib concession, which is located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in four development/production concessions, all situated in the Gharb Basin. The producing assets in Morocco are characterised by attractive gas prices and exceptionally low operating costs. SDX has a strong weighting of fixed price gas assets in its portfolio with low operating costs and attractive margins throughout, providing resilience in a low commodity price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.

[winnet] 05/1/2022 18:37

tnt99 - had a go at 10p today. Maybe tomorrow. May on flow test results. A break back above 10 hopefully signals the bottom. All the macro stuff looking good.