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SDX produces a surprise Easter Egg

captainjamestkirk
Posts: 8
Joined: November 6th, 2016, 9:58 am

SDX produces a surprise Easter Egg

#46315

Postby captainjamestkirk » April 17th, 2017, 9:21 am

Taking advantage of the Easter break from a regulatory viewpoint, SDX Energy have released the following news, on their website, of a gas discovery in their S.Disouq exploration well. They are targeting gas in the Abu Madi horizon and oil deeper down in the Abu Roash and AEB horizons.

http://www.sdxenergy.com/~/media/Files/ ... 042017.pdf

Pre drill estimates were for 350-400 bcuft of gas.

HaiderAli
Posts: 25
Joined: November 7th, 2016, 6:47 am
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Re: SDX produces a surprise Easter Egg

#54852

Postby HaiderAli » May 19th, 2017, 8:36 am

Post 2681 on this thread:

http://uk.advfn.com/cmn/fbb/thread.php3 ... &from=2663

from tournesol has an excellent write-up of the AGM held on 18th May 2017.

Company seems to have an excellent combination of cashflow, financial prudence, and growth from improving the productivity of existing wells as well as exploration potential and acquisition opportunities (which I understand won't involve additional capital raising).

Fiscal regime in Morocco is particularly good and they seem happy with the receivables situation in Egypt. Drivers for growth are both short, medium and long term.

Their focus is on those two countries, there is obviously political/economic risk, but they think the environment is benign.

captainjamestkirk
Posts: 8
Joined: November 6th, 2016, 9:58 am

Re: SDX produces a surprise Easter Egg

#56555

Postby captainjamestkirk » May 29th, 2017, 11:00 am

These boys definitely like Mondays. Bank Holiday Mondays :)
http://www.sdxenergy.com/~/media/Files/ ... 202017.pdf


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