SDX ENERGY INC SDRYF

Very Interesting..Under .30 cents again.

[gonecode]

So .............I have a concern ...
I am wondering if someone ..............Can answer this.......

Does this seem OK for a company that has drilled 13 wells and fraced half of them and started with this ........

Wednesday, January 13, 2010
Four wells were drilled in the field of which three wells are currently on production at approximately 850 bopd

To now be producing this !

And one year later ........After drilling well number 13 ...Al Baraka #13 Well
.Monday, January 10, 2011..

Current gross production from the AI Baraka field is running at 900 bopd. 
 AI Baraka #5 and AI Baraka SE-1 well, production should begin to rise significantly.

Do they expect another 1100 Bopd from these two ???
to make the 2000 BOPD that they said they would have




So after about 10 million dollars(plus 45 million to buy it ) and 13 wells drilled ................They have a total 50 more BOPD to show.

Interesting  is all I can say........................Now they may see another few hundred with these other two wells but HMMMMMMMMM 1100 BOPD ...........I call BS !

 And a word about Gemsa zone...........


Gemsa has a reserve of about 17 million barrels latest appraisal
Pumping was around 9500 BOPD in July ...

The Al Ola X-1 well spud on July 15th 
Production from the Al Amir, Al Amir SE and Geyad fields in the NW Gemsa Concession is holding steady at 9000-9500 bopd.

NOW !!!!

Sea Dragon Energy Inc.|

Monday, January 10, 2011
Production from the AI Amir SE and Geyad fields is currently running steady at around 8,500 bopd.


 So it is down about 1000 BOPD with how many wells added..............

Typical of a field when it gets to about 25%- 40% of life................
It is a pressure issue that happens to all wells no matter how many you drill to flood water into .......MORE WATER ! LESS OIL



SO !
When will you see 2000 BOPD from these guys ?            

I am betting not soon !                     It even surprised me actually....
I thought they could pull it off.....................Much lower target than 1 year ago ........

Long way from first projections of 10,000 BOPD in 3 years ..................


INTERESTING !!!