We would love to hear your thoughts about our site and services, please take our survey here.
Northern not sure about your double negative: not non! It is an appraisal well. SDX has made a discovery and are now appraising the extent of the field. More than likely the well will find more hydrocarbons and be tied into the pipeline. Moving forward SDX go for development wells which as Tigris puts it we drill drill drill. Not sure what else Tigris is referring to. The lack of ramping on this B.B. is great, we all know we are on a winner and are just sitting back waiting: oh maybe that was a ramp!
Jamescarver, I agree with you in that we don’t need the “fill your boots” type comments. I read the SOU board as it is entertainment. We typically have less than 10 posts a day, whereas SOU have over 200 and mostly ******** comments. SOU is a gamble, SDX is relatively safe.
Several factors holding it back: its mostly gas and oil is preferred, its Middle East which is medium risk, it's onshore which is not sexy, the volumes are relatively low, it's AIM. I am a big time holder and believer in SDX. If your looking for a quick buck it's probably not for you. In a year or two this will be ���. I have tried to trade in and out but lost so holding tight. I have been in similar company's in the past which came good in the end but it was a stressful ride: keep the faith. The recent drop was due to post AGM and people taking profit of 50%, plus Kelvin of course.
As a consultant in the exploration side things have been quiet for the last 2 years but jobs coming in thick and fast now as OP healthy and reserves need replacing. Lack of reserves is a big driver plus it is cheaper to buy production than to explore, generally.
I sold all my SOU at 55p and bought more SDX at 49p a month or so ago. AIM shares are about news and timing. SDX�s time is now and the next six months. After that I might jump back into SOU but only a little. They have a good story and if true they will do well. But at over �400m market cap the valuation is high. They have no income or pipeline or processing plant so would cost a buyer over �500m to realise any cash back. They are too small for the big boys and too expensive for the smaller ones.
It generally moves on more production / revenue. Nothing new today except conformation of what we have already been told. We have a well test and an exploration well ongoing which should move the SP, but who knows on AIM!
I agree. Plenty of non US rigs around, tie in to pipeline easy. Downhole tools maybe an issue as Schlumberger, Halliburton and Baker the main company’s. Our wells are pretty simple so there will be alternatives.
Wizard, the SP minor drop is just background noise. The next couple of weeks will see the SP jump significantly as too much news to come especially at the AGM. Brent was over $79 earlier today and likely to go much higher in the next few months. As you state very low volumes.
Exp for me I have no doubt Sound have gas and will sort of prove it with the drills, but it will be a long way from selling or making cash, I am big in SDX which Drilling, test and sell within months, and in Morocco. Is the �600+m price a fair price?
I agree Aim was trying to deramp SDX but I welcome alternative views, not the war one though, in case we get blinded by the euphoria and can't see the "woods from the trees". If all we read is ramping ones then that is not healthy. On other share boards, particularly SOU and ENQ if you ask anything slightly negative the velociraptors appear and go for the jugular. I am in SDX way too much but enjoying the ride.
Donny, I would suggest waiting for 2 well test results, imminent, one drill result ongoing, and the AGM in a couple of weeks. The SP should jump but who knows how much. Sell 10% then and take some profit and enjoy your celebrations. D