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SDX ENERGY INC SDRYF

"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."


GREY:SDRYF - Post by User

Bullboard Posts
Comment by ghayeson Jul 17, 2011 9:17pm
379 Views
Post# 18840827

RE: RE: SDX Undervalued

RE: RE: SDX UndervaluedThe Google Finance SDX link latest new release takes you to

https://www.gurufocus.com/news/138786/how-is-your-appetite-for-political-risk-part-3--the-new-sea-dragon-energy

this link from gurufocus calculates the NAV as 24 cents.
they conclude
"So we have actually got a pretty good upside to just the valuation of 8.2 million barrels proven and probable reserves. What might the upside be? Management estimates that they have exploration targets with resource potential of 340 million barrels. So against the booked reserves of 8 million barrels it isn’t going to take a great deal of success to materially increase the net asset value of the company."
I am sitting on my shares with no expectation of any price movement until a few months after a stable egyptian government are elected, and after some more succesful drilling is completed. But as the articles concludes current price is against 8 million bbl pp and they have 340 million bbl potential to go, and based on the evidence of previous successes the current management team are the ones to build this company.

Bullboard Posts