SDX Energy: Q3 Results

SDX Energy | Published on 01/12/2017

SDX Energy reported its 2017 Q3 earnings on 21 November. The company has reported a comprehensive income of US$4.4 million for the quarter to give US$30.9 million for the year to date. The company had an underlying netback (revenues less operating costs) of US$7.5 million. The balance sheet has been further strengthened by the US$10 million placing in September to leave net cash at US$30.5 million up from US$27.6 million at Q2 2017. This placing was to accelerate the company’s drilling programme in Egypt and Morocco. We make no changes to estimates.

Download full analysis

Login to access research or Register now

Register now or

I confirm that I understand that research from Progressive Equity Research Limited is not intended for retail investors, and should not be relied upon in any decision-making process. It is published for the benefit of institutional investors only, and for the use of professional advisors in the course of their work. I acknowledge that, if I am a private investor, I will take advice from a registered financial advisor or stockbroker before making any investment decisions. I understand that equity investments carry significant risk, and that past performance is no guarantee of future performance. I acknowledge that neither Progressive Equity Research Limited, nor any of its directors or officers, accepts any liability with regard to the contents of this research, and that nothing within the research on this site constitutes a recommendation or solicitation to buy or sell shares.

Recent Analysis

SDX Energy: Funding to further growth

Published on 16/10/2017

SDX Energy: Interim results

Published on 30/08/2017

SDX: Operations Update

Published on 06/07/2017

SDX Energy: Q1 2017 Earnings

Published on 19/05/2017

SDX Energy: Completes drilling SD-1X

Published on 08/05/2017

SDX Energy: Looking Good on SD-1X Well

Published on 19/04/2017

SDX: FY2016 Final Results

Published on 27/03/2017

SDX Energy: South Disouq well spuds

Published on 20/03/2017

SDX Energy: Operations Update

Published on 15/11/2016

SDX Energy: In Fine Fettle

Published on 01/08/2016

Archive