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Pin to quick picksSDX Energy Share News (SDX)

Share Price Information for SDX Energy (SDX)

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Share Price: 3.85
Bid: 3.80
Ask: 3.90
Change: 0.00 (0.00%)
Spread: 0.10 (2.632%)
Open: 3.85
High: 3.85
Low: 3.85
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AIM WINNERS & LOSERS: SDX Energy receives gas prepayment from Citic

Thu, 05th Oct 2023 10:16

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Thursday.

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AIM - WINNERS

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SDX Energy PLC, up 17% at 4.38 pence, 12-month range 3.50p-9.50p. The North-Africa focused oil and gas firm receives a gas prepayment amount of around USD1.9 million from Citic Group subsidiary. Says prepayment is evidence of "deepening partnership" between the two parties. Citic Dicastal is SDX's largest offtaker, and has an "increasing and immediate" demand for its gas. Will use funds to pay for drilling of KSR-21 well in Morocco.

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Tavistock Investments PLC, up 9.3% at 5.19p, 12-month range 4.25p-9.50p. The investment manager says trading in the first five months of its financial year, which ends March 31, is "significantly" ahead of the equivalent period last year. Gross revenue rises 19% to GBP17.2 million from GBP14.5 million a year prior, and gross margin increases by 40% to GBP6.7 million from GBP4.8 million. Tavistock also posts earnings before interest, tax, depreciation and amortisation of GBP1.6 million, swinging from a loss of GBP140,000.

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AIM - LOSERS

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MaxCyte Inc, down 20% at 198.90p, 12-month range 170p-650.00p. The cell engineering-focused provider of platform technologies shares a disappointing third-quarter update. Says total revenue will fall between 25% and 27% year-on-year to between USD7.8 and USD8.0 million. Core business revenue is expected to fall between 33% and 35%. It now expects annual revenue to be between USD34 and USD36 million, which would be down from USD44.3 million in 2022. This is due to the "ongoing volatility in customer activity in the life science tools sector", which it attributes to the depressed funding environment within Cell & Gene Therapy sector. MaxCyte had been guiding for annual growth of 21% to 26% back in March, before cutting the range to 8% to 12% in May.

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Helium One Global Ltd, down 19% at 4.05p, 12-month range 3.90p-10.30p. The Tanzania-focused helium explorer reports a setback in the drilling of the Tai-3 well. Says late Wednesday, its Predator 220 drilling rig suffered a component failure within the main rig carrier. "In order to undertake the necessary repairs, mechanical parts will need to be brought in from outside of Tanzania and, as a result, will require us to temporarily suspend operations whilst these repairs are carried out," it explains. Expects it to take around two weeks to source the needed parts and repair the rig. It then expects to recommence drilling in accordance with its original programme.

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By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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12 Nov 2019 09:24

SDX Energy Starts South Disouq Production, Makes Interim CEO Permanent

SDX Energy Starts South Disouq Production, Makes Interim CEO Permanent

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25 Oct 2019 11:46

SDX Energy Begins 12 Well Drilling Programme In Morocco

SDX Energy Begins 12 Well Drilling Programme In Morocco

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25 Oct 2019 11:22

SDX Energy to start 12-well drilling campaign in Morocco

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy announced the start of a 12-well drilling campaign on Friday, targeting a mean 15 billion cubic feet of gross unrisked prospective resources, in its operated Gharb Basin acreage in Morocco, where it has a 75% working interest.

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18 Sep 2019 14:29

SDX Energy Makes Another Oil Discovery On Egyptian Licence

(Alliance News) - SDX Energy PLC on Wednesday announced the discovery of commercial oil at the West Gharib concession in Egypt.Drilling at the MSD-19 development well, in which it has 50% a

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22 Aug 2019 11:24

SDX Energy makes solid development progress as it swings to loss

(Sharecast News) - North Africa-focussed oil and gas company SDX Energy reported net revenues of $25m (£20.62m) in its first half on Thursday - a year-on-year improvement of 4% - with higher production reportedly compensating for lower net realised average oil and service fees of $57 per barrel of oil equivalent, down from $62 per barrel in the first half of 2018.

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22 Aug 2019 10:14

SDX Energy Makes Progress Towards Objectives As Output Rises

(Alliance News) - SDX Energy PLC on Thursday said an improvement in production in the first half of 2019 was offset by lower oil price and increased expenses.The oil & gas company said

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8 Jul 2019 12:18

SDX Energy Completes First Of Three Milestones At South Disouq, Egypt

(Alliance News) - SDX Energy PLC said Monday it is on track and on budget at South Disouq, Egypt, having completed the first of the three project milestones.SDX has a 55% interest in the of

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26 Jun 2019 12:35

SDX Energy Discovers Oil At Rabul-7 Development Well In Egypt

(Alliance News) - North Africa-focused oil & gas firm SDX Energy PLC said Wednesday it has made an oil discovery at the Rabul-7 development well in the West Gharib Concession in Energy holds a

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25 Jun 2019 14:46

SDX Energy Shareholder Nominee Michael Raynes Resigns From Board

(Alliance News) - Oil and gas explorer SDX Energy PLC on Tuesday reported the departure of its shareholder nominee Michael Raynes from the company's board.Raynes left the company's

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5 Jun 2019 14:16

DIRECTOR DEALINGS: WH Smith Non-Executive Buys GBP50,000 In Shares

LONDON (Alliance News) - WH Smith PLC on Wednesday said that Non-Executive Director Maurice Thompson acquired 2,500 shares in the company.Thompson bought the shares at 1,994.00 pence each a

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3 Jun 2019 12:07

Monday broker round-up

(Sharecast News) - Ferguson: Peel Hunt upgrades to add with a target price of 5,430p.

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28 May 2019 10:25

SDX Energy re-domiciles Canada company under SDX UK

(Sharecast News) - SDX Energy announced on Tuesday it has completed a re-domiciliation transaction under a statutory plan of arrangement, under which SDX UK has become the ultimate parent company of SDX Canada and its subsidiaries.

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17 May 2019 15:03

SDX Energy lowers production guidance in first quarter update

(Sharecast News) - North Africa-focused oil and gas company SDX Energy issued its financial and operating results for the three months ended 31 March on Friday, reporting first quarter production of 3,715 barrels of oil per day (boepd), which was an increase of 22% year-on-year.

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7 Feb 2019 09:14

SDX Energy expands presence in Morocco

(Sharecast News) - North Africa focused oil and gas company SDX Energy has increased its presence in Morocco with the awards of the Moulay Bouchta Ouest and Lalla Mimouna Sud licenses.

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28 Jan 2019 10:39

SDX Energy plans TSXV delisting

(Sharecast News) - Oil and gas exploration outfit SDX Energy intends to delist from the Toronto Stock Exchange ahead of a move of its corporate residence to the UK from Canada.

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