Sdx Energy Share Discussion Threads

[saw89] 11/4/2017 09:19

It's a 30-45 day well. We are on day 22. An update will come soon.

[plentymorefish] 11/4/2017 09:13

Should we see the lack of updates as positive/negative/neutral?

[someuwin] 11/4/2017 09:07

Getting very exciting now.

[pauliewonder] 11/4/2017 08:43

Be interesting to see where they take this today. It's now 21 days since drilling began (of a 28 day well). Would have expected an update by now given that they should be around three quarters done.

[tom111] 10/4/2017 20:21

Brent nearly $56 and almost touching high for the year,looks good

[neo26] 10/4/2017 17:37

Looks like a buy from last thursday!!!

[soulsauce] 10/4/2017 17:16

Hmmm 200k buy @ 54p that ain't no PI.

[neo26] 10/4/2017 15:59

volume is low, this will recover, waiting patiently for update.

[someuwin] 10/4/2017 15:57

Top up time imo.

[neo26] 10/4/2017 13:18

thegreatgeraldo

You are correct..

Morocco we are generating $13m free cashflow and west Gemsa around $8.5m.

[deltrotter] 10/4/2017 12:22

Tx TGR - so way way less than I am thinking.

[thegreatgeraldo] 10/4/2017 12:19

No need to estimate, the figures are in the pres..... EG at NW Gemsa govt take is 53.9% (see page 13 of the pres)

hxxp://www.sdxenergy.com/~/media/Files/S/Seadragon-Corp/presentations/2017%20January%20SDX%20Deal%20Presentation%20Final%20Website.pdf

[deltrotter] 10/4/2017 12:14

What would your estimate be TGR per dollar increase based on 4k per day production (its all a bit difficult as I am trying to strip out the morocco gas - where the price is fixed).

[thegreatgeraldo] 10/4/2017 12:09

neo, thanx, I've looked at the figures in the presentation

[neo26] 10/4/2017 12:04

GeraldoAll expenses per barrel is $21..

[thegreatgeraldo] 10/4/2017 12:04

deltrotter - don't forget the Egyptian state takes a big cut

[deltrotter] 10/4/2017 11:50

I estimate that at c4k barrels of oil a day current production then every $1 increase in the price of oil equates to another £1m pa increase in free cash flow to SDX.

[neo26] 10/4/2017 11:39

Tom oil will pass $60, our margins in producing North West Gemsa field looking even more attractive...

[slepy] 10/4/2017 10:56

Someone still selling in chunks of 25k.
We need the seller gone to move up.

[tom111] 10/4/2017 10:50

Oil is $55.70 it just gets better

[potential] 10/4/2017 10:40

Slow and steady folks - SDX is going to be MASSIVE...

[ifthecapfits] 10/4/2017 10:34

SO we might not get an announcement until after the Easter weekend.

[neo26] 10/4/2017 10:25

What did I tell you.. TreeshakeBefore spud, Paul was adamant its a 28 day well, spud RNs they said drilling is expected to take 30-45 days depending on what they find.Recently Paul said we will update once we pass the Abu madi horizon. We are 21 days into drilling, if they found nowt they should be in those three oil horizons by now yet we have no RNs yet..So me the current price hasn't valued SD at all, even if its a duster its still cheap in my view if you take into what they will do in Morocco and expected doubling of production in meseda. Still hopeful they will find gas and oil....

[daniel levi bmd] 10/4/2017 10:24

FYI

Saffron Energy RNS Imminent! Gas flowing! Confirmed!

Dan
x

[deltrotter] 10/4/2017 10:22

Only one mm on 54.5, so the next buy takes us up to where we started imo