3rd February 2017
Runtime 10:39
Paul Welch, SDX Energy CEO (LON:SDX), answers investors’ questions and talks about the recent deal with Circle Oil. The deal brought a great growth to the company, increasing net production by almost 250% to 4,705 barrels oil equivalent per day.
Reserves rise by 64% to 12.03mln barrels oil equivalent, and free cash flow by a further cUS$22m in 2017 and US$28m in 2018. Welch explains the developments at South Disouq SD-1 project, comments on dividends, political situation and risk in Egypt, and SDX current share price. He believes that the company is undervalued and will prove itself to the investors in the near future. Broker Cantor Fitzgerald has target price of 78p.
SDX Energy (SDX)