focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksSDX Energy Share News (SDX)

Share Price Information for SDX Energy (SDX)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
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
Prev. Close: 3.85
SDX Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

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.

----------

AIM - WINNERS

----------

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.

----------

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.

----------

AIM - LOSERS

----------

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.

----------

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.

----------

By Elizabeth Winter, Alliance News senior markets reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

More News
14 Jul 2020 15:27

SDX disposes of interest in North West Gemsa

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy has disposed of its 50% working interest in the North West Gemsa licence, in the Eastern Desert of Egypt, it announced on Tuesday.

Read more
23 Jun 2020 10:24

SDX Energy upbeat on progress in Morocco and Egypt

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its operations in Egypt and Morocco following recent drilling successes on Tuesday.

Read more
20 May 2020 10:31

SDX Energy confident in position amid 'dynamic' market

(Sharecast News) - SDX Energy reported net revenue of $16m (£13.05m) in its first quarter results on Wednesday, rising from $12.7m year-on-year.

Read more
24 Apr 2020 14:46

SDX Energy Rises After Strong Showing At Sobhi, Egypt

SDX Energy Rises After Strong Showing At Sobhi, Egypt

Read more
24 Apr 2020 09:26

SDX Energy upbeat on well testing at Sobhi

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on well-testing operations at the SD-12X discovery well in the South Disouq Exploration Permit, onshore Nile Delta, Egypt on Friday.

Read more
24 Apr 2020 09:26

SDX Energy upbeat on well testing at Sobhi

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on well-testing operations at the SD-12X discovery well in the South Disouq Exploration Permit, onshore Nile Delta, Egypt on Friday.

Read more
8 Apr 2020 09:50

SDX Energy upbeat on drilling operations at Sobhi well in Egypt

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its drilling operations at the SD-12X, or Sobhi, well, where it has a 100% working interest, in the South Disouq Exploration Permit, onshore Nile Delta in Egypt, on which it has a 55% working interest.

Read more
7 Apr 2020 15:24

SDX Swings To Annual Loss On Impairment Charges, Lower Oil Prices

SDX Swings To Annual Loss On Impairment Charges, Lower Oil Prices

Read more
23 Mar 2020 12:16

TOP NEWS: UK Companies Delay Results After Request By UK Regulator

TOP NEWS: UK Companies Delay Results After Request By UK Regulator

Read more
10 Mar 2020 15:35

SDX Energy upbeat on development well drilling at West Gharib

(Sharecast News) - SDX Energy announced the result of its Rabul-3 well in the West Gharib Concession in Egypt on Tuesday, where it has a 50% working interest and is the joint operator.

Read more
10 Mar 2020 14:25

SDX Energy "Very Pleased" After Oil Find At Egyptian Well

SDX Energy "Very Pleased" After Oil Find At Egyptian Well

Read more
4 Mar 2020 14:18

SDX Energy Morocco Well Finds Commercial Gas But Egypt Well Not Viable

SDX Energy Morocco Well Finds Commercial Gas But Egypt Well Not Viable

Read more
25 Feb 2020 14:37

Predator Oil & Gas Hires New Head Of Moroccan Drilling Operations

Predator Oil & Gas Hires New Head Of Moroccan Drilling Operations

Read more
19 Feb 2020 14:22

Predator Oil & Gas To Take Drilling Rig To Guercif Permits In Morocco

Predator Oil & Gas To Take Drilling Rig To Guercif Permits In Morocco

Read more
14 Feb 2020 16:01

SDX Energy upbeat on drilling progress at South Disouq

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy announced on Friday that the SD-6X Salah well at South Disouq in Egypt, where it has a 55% working interest, has begun drilling operations.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.