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.
01 Dec 2017
Q3 Results
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Q3 Results
SDX Energy PLC (SDX:LON) | 3.8 0 0.0% | Mkt Cap: 7.88m
- Published:
01 Dec 2017 -
Author:
Peter Hitchens -
Pages:
6
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.