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Energy Oil & Gas E&P

"SDX Energy Inc is a Canadian company which is engaged in the exploration, development, and production of oil and gas. The company owns an interest in several producing concessions such as NW Gemsa Concession, Block-H Meseda production, South Ramadan Concession, South Disouq Concession, Sebou Concession. Its exploration concession includes Lalla Mimouna Concession and Gharb Centre Concession." see more

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SDX ENERGY INC > From the SDX Twitter post

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Post by Money_514 on Dec 27, 2018 7:26am

From the SDX Twitter post

Interesting statement on the SDX Twitter post.

SDX currently getting a net realized average gas price in Morocco, on 5yr contracts, of US$/mcf 10.5 or $63/boe.

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Comment by JayBanks on Dec 27, 2018 6:40pm

I believe in the early/mid summer one BNN analyst made a comment loosely to the effect of: “SDX needed to take out loans for growing the business several years ago, in exchange the lenders requested that the company had predictable income with hedges. Most of SDX’s oil is hedged at X (don’t remember the number but it was lower than price at the time likely high 30s low 40s) and the company is ...more

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Comment by tigris72poo on Dec 28, 2018 11:15pm

SDX has no debt and no hedges. Period. They are tied to brent oil prices on theit NWG and Meseda oil production. The Morocco gas is sold on fixed 5 yr contracts ar prices between $10 and 12 /MCF. With no royalty , no tax and operating costs of about $1/MCF, the after tax netbacks are about $60/BOE which has to be the most profitable production anywhere. ...more

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