Sdx Energy Share Discussion Threads

[cashandcard] 05/4/2017 14:39

Once they are in a position to report, I think they will go for it whichever market happens to be open. I suspect they will give an interim update (well has reached TD etc...) and if payzones are present, they'll confirm preparations for immediate flowtesting upon which a further release will follow a couple of weeks later.


Cash

[thegreatgeraldo] 05/4/2017 14:39

Drilling news when it's ready after TSX close & before London open.

[neo26] 05/4/2017 14:32

update is dues so anything is possible, we are 16 days into the drilling, its a 30 day well according to PW but they have been cautious and said its 30-45 day well.

[thegreatgeraldo] 05/4/2017 14:27

Very much doubt it.

[someuwin] 05/4/2017 14:21

As SDX is quoted both on AIM and on TSX I wounder if the will release drill news when both markets are open?

[borg45] 05/4/2017 14:17

Just bought again too good an opportunity to miss

[deanroberthunt] 05/4/2017 13:37

somethings afoot and it aint 12 inches

[eye2] 05/4/2017 13:34

go on ya beauty

[blueball] 05/4/2017 13:32

stay long.

[neo26] 05/4/2017 13:27

its gonna move today, tomorrow and day after, its begun..

Anticipation for sd-1 has begun!!

Remember the Egyptians cannot keep anything in their stomach a hint of a leak this can fly.

Still want to know about thie Mahala City discovery whoch is SOOOO close to us...

[someuwin] 05/4/2017 13:17

No buy quote. Its gonna move up again.

[neo26] 05/4/2017 13:08

interview was last Tuesday, so update is very soooon!!! Hence the price movement, it will move again!!!!

[neo26] 05/4/2017 13:03

dean

I like vog but i dont rate the potential same as sdx,

SDX are drilling 7 shallow wells in morrocco in H2 2017, free cashflow will still be $31m at the end of year. Three of those are development wells and two are appraisal wells, they are planning to double production. At the moment they are generating $13m free cash flow per annum on 4.5mmcf, they are selling gas at $9.50 per mcf.. I dont see vog generating this, vog are currently spending $50m to increase gas production, but margins at sdx are way too superior dont forget SDX are debt free here...

This will be over a £1 soon, imho

[deanroberthunt] 05/4/2017 13:03

it's not what was or is, but what will be.....

[captain james t kirk] 05/4/2017 12:56

The Share Magazine, Paul Welch interview has been posted a few times, so here's a summary of the discussion:

The opening comment was to my mind very relevant "We are kind of a 2 country focussed company at the moment, Egypt and Morocco." The "at the moment" leads me to believe that in the not too distant future we will also have a presence in Tunisia.

In Egypt we have 2 producing assets generating around 4000 BOPD and S.Disouq, the exploration play, with a prospective 3-400 BCF of gas and between 50-100 million B of Oil.

In Egypt N.Gemsa production cost is $7.34 per barrel and they get Brent less 5%.
In Meseda it's $8.50 per barrel and we get Brent less 30%.

In Morocco we have 1 gas generating asset Sebou, producing around 1000 BOPD equivalent and 1 exploration play Lalla Mimouna.

In Morocco we get $9.50 per MCF.

SDX plan to grow both organically and inorganically.

In Egypt (Meseda) they believe they can double production to between 8-9000 BOPD and in Morocco (Sebou) they believe they can quadruple production, taking it from 6 million cuft per day to 24 million cuft per day.

They are looking for more deals similar to the Circle acquisition, which has increased production by 250% and reserves by 65%. The deal has a 16 month payback and will increase cash flow by $22 million in 2017 and $28 million in 2018.

The final drill cost for SD1 is estimated at $3.7 million of which SDX is liable for 55% of $700,000, a net £300,000. Exceptional risk/reward. Whenever Paul Welch starts talking about this SD1, he starts to look like the cat that has got the cream. He stated that they have recently spud the well and that it will take between 30-45 days. 2 targets, the shallow Abu Madi gas play and the deeper oil play. He states that they will more than likely make an announcement when we are half way through in 2-3 weeks from now and then hopefully a second one a couple of weeks later.
Well, read into that what you will but the interview probably took place on Friday 31st march and was published the following Monday. They have now been drilling for almost 2 weeks and should be passing through the Karf el Sheikh.
This horizon will firm up their model for the prospect and could well be an explanation for the sudden share activity.

[milliecusto] 05/4/2017 12:47

Can't see how vog will ten bag on those gas rates..lol

[deanroberthunt] 05/4/2017 12:46

didn't say this year, didn't give a time frame for the 10 bagging...deal with facts not hope

[nasnas1] 05/4/2017 12:43

Great overview

[cashandcard] 05/4/2017 12:07

There is some serious potential in this well. We have a partner that already produces oil from AEB zone. I posted this a couple of weeks ago.

------------------------------------------------------------------------->>;
cashandcard
22 Mar '17 - 12:02 - 696 of 911 2 0 Edit

IPR are SDX's partner, carrying the majority of the well cost. On their website it says;

"IPR Energy Resources, Ltd. acquired from Sea Dragon Energy Inc. a 45% working interest in the South Disouq Concession, IPR's first in the Nile Delta and first working with EGAS. The block comprises 1,275 km² of area and is located in the prolific Abu Madi – Baltim trend. The block is estimated to contain more than 1TCF of resource potential (P10 )".

IPR also produce oil from the AEB zone in western desert, one of SDX's deep targets in this well.




Cash

[milliecusto] 05/4/2017 12:01

Hur is not a 10 bagger this year..nor vog

[neo26] 05/4/2017 11:54

Let's stick to sdx on this thread...

[simonparker5] 05/4/2017 11:51

And don't forget SAVP either!

[eye2] 05/4/2017 11:47

dean and 88E