SDX Energy (SDX)

Business description

SDX Energy is a North African onshore player listed in Toronto and London. It has oil and gas production in Egypt, and Moroccan gas production. A large gas discovery was recently made at South Disouq.

Stock data

Market cap.£102.3m
Last close50.00p
High / Low (52 weeks)67.4p / 33.5p
Stock market listingLN, CN
Forecast net cash (US$m)23.3
Forecast gearing ratio (%)N/A
TeamResources - Oil & Gas
SectorOil & Gas

Price performance

%1m3m12m
Actual(4.3)(3.4)43.4
Relative *(6.4)(5.4)33.3

* % Relative to local index

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Company news

SDX ENERGY INC. ("SDX" or the "Company") - Spud of ONZ-7 well, Morocco

Mon, 15 Jan 2018 06:56:15 GMT

SDX Energy puts expectation-beating Morocco well into production

Tue, 09 Jan 2018 07:29:17 GMT

SDX Energy updates on Morocco well operations

Thu, 04 Jan 2018 07:47:05 GMT

SDX Energy declares another new gas discovery onshore Morocco

Mon, 13 Nov 2017 08:14:48 GMT

SDX Energy kicks off well operations on ELQ-1 in Morocco

Fri, 22 Dec 2017 08:03:34 GMT

Y/E Dec Revenue (US$m) EBITDA (US$m) PBT (US$m) EPS (c) P/E (x) P/CF (x)
2015A 11.4 2.7 11.1 30.6 2.2 N/A
2016A 12.9 5.7 (26.7) 8.9 7.5 N/A
2017E 35.8 20.7 4.8 2.7 24.9 5.8
2018E 54.9 35.9 20.2 9.5 7.1 4.0

Last updated on 06/12/2017

Investment summary

SDX Energy has announced the completion of the KSR-16 well on the Sebou permit in Morocco (SDX 75%) with the well delivering a restricted flow rate of 8.43mmscfd, exceeding management expectations, and the highest flow rate to date from the three successful wells drilled to date. KSR-16 is now on production.

Last updated on 11/01/2018

Industry outlook

SDX remains open to adding to its portfolio and sees Egypt as a natural market for consolidation given the large number of small players. Its acquisition of Circle Oil's Egyptian and Moroccan assets in early 2017 shows that it is able to negotiate and complete transactions efficiently.

Last updated on 13/12/2017

Key management

Paul Welch, CEO
Mark Reid, CFO

Company address

38 Welbeck Street
London
W1G 8DP
United Kingdom
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