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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
Prev. Close: 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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SDX Energy Starts Drilling Operations On New South Disouq Well

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SDX Energy Appoints Independent Audit Partner Stalker As Director

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28 Jan 2020 15:56

SDX Says Morocco Well Beats Forecasts As It Eyes Egypt Progress

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28 Jan 2020 13:01

SDX Energy upbeat on latest developments in Morocco and Egypt

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy announced on Tuesday that the OYF-2 well in Morocco, where it has a 75% working interest, has been drilled to a measured depth of 1,210 meters, and had encountered commercial quantities of gas in excess of pre-drill estimates.

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22 Jan 2020 12:10

SDX Energy Output Rises In 2019 With Sharp 2020 Improvement Forecast

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22 Jan 2020 08:57

SDX Energy posts decent rise in production for 2019

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its operations and finances for 2019 on Wednesday, reporting full-year production of 4,020 barrels of oil equivalent per day (boepd) was 12% higher than 2018.

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7 Jan 2020 10:01

SDX Energy Notes Increased Reserves At South Disouq Concession

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11 Dec 2019 18:16

DIRECTOR DEALINGS: SDX Energy Boss Mark Reid Buys Shares

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10 Dec 2019 14:19

SDX Energy's South Disouq Hits Production Rate Target 3 Months Early

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10 Dec 2019 13:19

SDX Energy reaches stabilised production rate early at South Disouq

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy has achieved its targeted stabilised plateau production rate of 50 million standard cubic feet per day from its operated South Disouq concession in Egypt, where it has a 55% working interest, about three months earlier than initially expected, it announced on Tuesday.

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22 Nov 2019 15:05

SDX Energy Third Quarter Revenue Drops On Oil And Service Fee Decline

SDX Energy Third Quarter Revenue Drops On Oil And Service Fee Decline

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22 Nov 2019 09:31

SDX Energy revenues slip as it continues development strategy

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy released its third quarter financial and operating results on Friday, reporting that production for the nine months ended 30 September increased to 3,501 barrels of oil equivalent per day net to SDX, compared with 3,455 barrels per day for the same period in 2018.

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20 Nov 2019 14:14

SDX Energy Names Shareholder Waha Capital's Boss As Non-Executive

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12 Nov 2019 10:06

SDX Energy begins production at South Disouq concession

(Sharecast News) - Oil and gas explorer SDX Energy has commenced production at the South Disouq concession in Egypt, with all four discovery wells now hooked up to the central processing facility.

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