Member Info for Doubler

I don’t think they borrowed £10m just had the facility to. I did the same waiting game with Ithaca but it came good in the end. Not for the faint hearted and as naked says don’t try and trade on AIM it does not follow logic.

Cairn (Nautical) spudded the Ekland well (exploration) over the weekend. It is their first well in the North Sea as Operator.

They will give back, maybe not short term. The fundamentals have not changed. SDX is a sure bet IMO, looking at many companies they generally only have a good story or a long term deliverable based on getting finance. SDX find, tie in, and produce. Some business case.

They want your shares before the results in August when it will be clear to everyone where we sit and the shares should jump. I am more that happy with SDX and happy to ride the rollercoaster, the dips not for the faint hearted but the end result is the goal. Keep the faith.

Pete g that is not the normal model for many reasons. Look at what SDX do in Morocco and Egypt. Drill suspend then bring in a test / completion rig. For exploration wells this is the norm.

The Indian PM promised to our PM to abide by the ruling of the tribunal, but then again what does that mean. Settlement expected November-ish.

250, you need a rig to run the test string and rig up the test equipment. Normally on land you have rigs that drill and rigs that complete. .In theory you could install a Xmas tree and a completion string but makes little sense commercially, plus delays results.

From todays Press and Journal: "CNS, There is no current E & A drilling activity in the Central North Sea. Drilling in this region is next expected at ......Cairn's 22/18c Ekland prospect for which the Ensco 101 has been contracted."

Probably later this month.

Some good advice, especially with SOU. Got potential but could be a dog.

I am in SDX and used to be here. Just letting you know what I have heard on the oil industry street for some info. Think SOU will come good in the end, all about timing.

Word on the street is the reservoir is highly compartmentalized which will require a substantial number of wells to develop. Would account for all the delays.

I made a fortune on Ithaca. SDX much better. Patience and a strong resolve required here, do not be spooked.

Up 6% on TSX down 4% on Aim! Ridiculous.

Keith, nothing to be concerned about here, just about timing and manipulation. This stock is the best, I know of, on AIM, and today’s RNS makes no difference to me. I was at a private presentation this week by the investors relations team of a small E & P company who had mostly Institutional investors and said it was a nightmare when you had PI’s like we have. Their investors were in for years, whereas ours are in for days or weeks. I read Warren Buffets book and he says the same. If the company has great fundamentals and undervalued then buy and stay.

Using a high mud weight on an exploration well is not uncommon especially when high pore pressures are expected. It is more likely due to using the wrong type of mud which has affected the near bore reservoir. As SDX have no cores it is difficult to test mud systems for compatibility and expensive if you opt for the top of the range system when not needed. Usually a simple acid frac job to extend beyond the damage is all that is required normally, however this takes planning and logistics to perform. This result is disappointing of course but all part of exploration and development learning. BTW I have planned and drilled at least 50 exploration wells.

Disagree, RNS’s told a few random facts on progress, that’s all. Just a check for PI’s on all the rampers on here. Think SOU has potential for sure but risks as well. Not a lot has changed hence the SP drop.

Green Shaun. Been in this business probably longer than you have existed, please!

Got to agree the last4 RNS’s have said little. They have a location and they have a couple of permits in and a FEED study started. WOW! On the sidelines watching / waiting. This share has high upside and low side.

Furey, keep up the good work.

Lots can happen during a DST: better or worse results, extended testing for info, equipment issues, Ramadan, others. Would be a bonus to get another positive RNS soon.