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.
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SDX produces a surprise Easter Egg
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- Posts: 8
- Joined: November 6th, 2016, 9:58 am
Re: SDX produces a surprise Easter Egg
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.
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.
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- Posts: 8
- Joined: November 6th, 2016, 9:58 am
Re: SDX produces a surprise Easter Egg
These boys definitely like Mondays. Bank Holiday Mondays
http://www.sdxenergy.com/~/media/Files/ ... 202017.pdf
http://www.sdxenergy.com/~/media/Files/ ... 202017.pdf
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