Sdx Energy Share Discussion Threads

[soulsauce] 18/4/2017 09:19

"The statement rightly points out that this is only part of the bigger plan, although this has been an excellent start it looks like there is much more to come"

[slepy] 18/4/2017 09:19

Cash, absolutely but Aex may as well have 1TCF when Ntorya is developed.

And it is unlikely we will have news on the lower section this week.

[deltrotter] 18/4/2017 09:15

The above from Malcy's blog - I suspect he has been in contact with PW:

[hkr09] 18/4/2017 09:13

SDX Energy

When it was first thought of, South Disouq was just a gas prospect but fresh mapping meant that the seismic showed the potential of a deeper target that might contain oil. Today’s result therefore has effectively delivered everything that was expected from the well and the company can drill on for oil as an added bonus.

Having reached 7,777 ft the well has found conventional natural gas bearing horizons in the Abu Madi with 65′ of net pay with a porosity of 25%. This was in line with pre-drill estimates and proved with remarkable accuracy the company’s mapping ability which bodes well for future targets here and elsewhere. Next here the well will continue to the deeper Abu Roash and AEB sections, targeting oil and in the meantime shareholders can stand by for some recoverable volume estimates which should make very pleasant reading indeed. The statement rightly points out that this is only part of the bigger plan, although this has been an excellent start it looks like there is much more to come

[cashandcard] 18/4/2017 09:06

slepy,


AEX had no oil.

We are yet to see what's in the deeper levels.



Cash

[trapissed monk] 18/4/2017 09:04

O/T...took eye off ball with wey. Not my usual stuff (edukashun!) but missed out there (rise) maybe some more to come.Will look deeper.

[slepy] 18/4/2017 09:01

Yes it is. And so was AEX's news when they announced 17mmsfcd flow rates. Look what happened with share price after.

This will be £1 one day, but it won't be this week.

[bountyhunter] 18/4/2017 09:00

I don't think we will see £1 until the next news in a couple of weeks assuming positive, however I would anticipate a steady rise from here over the next few days, should see comment from Malcy soon I hope

[blueball] 18/4/2017 09:00

British Bulls are positive .

[neo26] 18/4/2017 08:59

If you read between the lines it states that the 3d was very accurate, sdx said even when they had 2d that they expect to have 300-400bcf, I think they will..This news is very very positive

[deltrotter] 18/4/2017 08:57

stay in cash again i reckon.

;-)

[slepy] 18/4/2017 08:50

Neo - £1 this week will happen only in your dream. We have no flow rates and no reservoir size. No chance.

[blueball] 18/4/2017 08:49

I can see 65p sometime this week.

[cashandcard] 18/4/2017 08:47

Ride Dalce,


IRG got into a dispute with the operator North. IRG stopped paying their bills to North. Those payables were quite high with and an army of men to feed walking around a well-site doing very little whilst actual production was and continues to fall away.

Again, its 25% of a tiny oilfield, receivables less payables. It comes to very little.


Cash

[trapissed monk] 18/4/2017 08:47

£? Really?! Happy to hold gains. That type of rise will bring in swing/day/ momentum chaps. Right,sort of work to do,enjoy the morning chaps.

[neo26] 18/4/2017 08:44

Slepy only 731k in Canada yesterday and that says a lot, all action is in UK...£1 this week target

[trapissed monk] 18/4/2017 08:43

Rising chart (6 month) I see 65p as next ceiling.

[slepy] 18/4/2017 08:40

We have crossed 1mil volume already and I can see max 70k in sells.
Must still be seller there, otherwise this would be hitting 60p now.

[neo26] 18/4/2017 08:39

In the sharetalk interview, Paul said the second update would be after 2 weeks from the first. Steady rise now, till then....

[potential] 18/4/2017 08:39

Building up nicely - bought a further 10k at 54.9 :)

[ride daice] 18/4/2017 08:37

It might be a no-brainer though if they can unlock the receivables. IRG have been unable to do that whereas SDX have their secret weapon.

[cashandcard] 18/4/2017 08:34

del,


Correct, Its non-core and has no scaleability (the license area is tiny).


Cash

[deltrotter] 18/4/2017 08:33

So I take it you are not in favour of that deal cash?