There has been 4 exploration wells drilled in the North Sea this year. I have been involved in two of them. They were next to producing platforms using every technology available to pick the location. Both were dusters. Maybe it’s just me!
RE: SDX is down for simple reasons14 Dec 2018 14:05
Workover, I have personally drilled oil wells that came in at over 50 KBOPD and gas wells at 350 million SCUFS a day. Not really relevant to SDX though. My biggest investment and very relaxed about ur future.
Jag, fair point but Shakey can be very negative for anyone reading this BB, so I offered the opposite view, not necessarily over optomistic but realistic. PW has to deliver which he always has, even before SDX. SP is **** but been here with other company’s who ultimately came good.
Oil is not going to below about $55, but will probably be held around $60. Neither is the US $ going to drop much if at all.
SDX promised 8000 bpdoe by year end and has not delivered. The SP is reflecting that. No news is immanent, AIM stock usually thrive on news but not always SDX. PI's are selling their stock before the festive period, it happens every year not just for SDX.
SDX is a medium term play so we just need to be patient.
RE: Good or Bad What's Future of SDX?22 Nov 2018 09:43
If you are a trader SDX is probably not for you, but I suspect you are not.Medium to long term view is the only way is up. Strong cash flow, no debt, cash in the bank, exploration programme next year, excellent BOD. If anyone knows of a similar company please let me know.
Wireline logs vary in the type of log and information they get. The more logs the more info. They will need this for their reservoir models to make them accurate. Generally the longer, more logs, the better.