Rockhopper, Amerisur, SDX Energy

Rockhopper

The main news this morning fron RKH is the confirmation that Standard Chartered bank has been appointed to lead the work on the senior debt for Sea Lion. This is another welcome tick in the box as Premier and Rockhopper move towards sanctioning a project that as I said in my bucket list video yesterday must throw off huge money at these oil prices and project economics. The release also welcomes the imminent start of the drilling campaign at Abu Sennan which is to be welcomed as the ‘Greater Med’ area is an important part of the company’s funding.

Amerisur Resources

Amer has announced its monthly production numbers, 5,171 b/d with a peak of 5,400. The OBA did 4,332 b/d with a peak of 4,530. Plat-22 restarted at 650 b/d but dropped again to 350 b/d and is being monitored. This production is benefitting from continued work on upgrading well performance at the moment. Having said that the upside increasingly looks like being the upcoming drilling campaign which is pretty much on target despite dreadful weather conditions. Pintadillo-1, where the company is targeting the key ‘N’ sand anomaly, should spud in July. Elsewhere both the Miraparriba-1 and the Indico-1 wells are on schedule for Q3 spudding.

SDX Energy

SDX has announced the spud of appraisal well SD-3X at South Disouq in Egypt. If successful this will be connected to the SD-1X infrastructure. They have also announced that testing of the SD-4 discovery is expected in the next ten days.

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2 comments on “Rockhopper, Amerisur, SDX Energy
  1. David Crowhurst says:

    I am a recently started investor in small oil companies on AIM. I have been reading your blogs for almost a year and one of the questions for me is how to compare companies like Amerisur, SDX and Sound Energy. I am trying to evaluate market cap (rather than share price) in relation to expected production, income and assets. I am invested in SDX in preference to the other two at the moment based on expectations of current campaigns but am tempted by Sound Energy. Blogs often mention share price and potential but not mcap. Do you consider potential increase / change in share price with macap in mind? I also have holdings in more than 10 other smaller companies including Frontera, i3, Jersey and Savannah.

    • Malcy says:

      Hi David, unfortunately I am not regulated to give out personal financial advice but i’m sure that you can tell what i like and dont like. it is difficult to compare companies with less exploration risk and so on but make sure to do your own research and see how the betas vary.
      Kind regards
      Malcy

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