This ones moved up pretty nicely over the last few days and looks like it could go beyond its high for the year in the 250s. Theres certainly momentum behind it and it could also be presenting news of acquisitions which would most surely push its growth forecasts up.

Sondex specialises in the design, development and production of electromechanical
technology for downhole operations and measurement in oil & gas
wells. It supplies all major oil service companies globally and is a respected name
in the industry. Listed June 2003 @ 100p/share.

The companys last results were very impressive....

Turnover up 81% to 31.7million (2004 - 17.5million) forecast of 30m
Operating profit before amortisation of intangibles rose 46% to 7.7million
Operating profit rose 46% to 5.1 million
Basic earnings per share 4.7p (2004 - 0.4p) forecast of 6.8p
Adjusted earnings per share 10.1p (2004 - 4.0p) forecast of 11.8p
Full year proposed dividend increased by 8% to 1.95p (2004 - 1.80p)

The company is certainly not cheap with a rolling P/E of circa 20 but you have to remember this is a world class technology company serving the booming oil industry and as I state above we could see further earnings enhancing bolt ons.

Broker Evolution have a prospective P/E of 15 on the stock which could be found to be too high if the earnings as I beleive will be ramped up.

Its certainly worth having a look at the last RNS from the company re to the analyst site visits....................

Sondex PLC
27 June 2005


Monday 27th June 2005

Sondex plc
('Sondex' or the 'Company')

Sondex, the oilfield technology company, will today host an analyst visit to its
R&D facilities in Bramshill, Hampshire and to its new facility in Yateley,
Hampshire where final product assembly, test and inspection is now undertaken.

At the briefing, Sondex will confirm that trading since the year end remains in
line with the guidance given at the Preliminary results in May, when the company
stated that the order book was strong, reflecting good market conditions, and
that the Board was confident of achieving further successes in the current year.
Otherwise, no material new information will be disclosed during the meeting.

A copy of the presentation to be given can be downloaded at
www.sondex.co.uk ENDS.

We could have more institutions buying ito this one in the very near future and the only reason I say in the heading that It could be a trading buy is because of the high P/E at the moment but I expect that to drop with increased earnings.

DYOR.

cheers GF.

The Oil Man: SDX Energy, By Malcolm Graham-Wood | Wed, 6th September 2017 -

SDX Energy

SDX Energy (SDX) has announced that it has raised $10 million in a "massively oversubscribed" private placing at no discount to last night's close. Existing major shareholders MEA and Ingalls & Snyder, as well as pretty much all of the major institutions fought it out over what is a modest funding, but gives the company great opportunities with the drill bit in coming months.

In Egypt, SDX are planning to drill two exploration wells on the Kelvin and Bragg prospects targeting 150 bscf of prospective resources at a cost of $2.5 million each. There is significant potential here, the Kelvin prospect and South Disouq may be one large prospect with a continuous gas bearing section connecting them.

In addition to this, it may be possible to double the plateau rate from 50 to 100 MMscf/d which would make a huge difference to gas sales and achieve rapid profit payback, with this raise SDX will be fully funded for its programme until the end of 2018.

In Morocco SDX are, as predicted in recent notes, drilling two additional development wells at the Gharb Centre and Sebou permits respectively targeting 1.91Bscf in aggregate. These wells are in addition to the existing seven in the programme and are close to existing infrastructure for speed of startup and early cash generation.

These wells, at $2.5 million each which incidentally also includes connection to the customer, enable the company to benefit from allocating the relatively high mobilisation and demobilisation costs over 9, not 7 wells. As a result of this SDX is targeting an increase in gas volumes sales in Morocco by 50% over the next 2/3 years, and it should be remembered just how high margin this business is.

Following this funding, SDX is in an extremely strong position, funded through the end of next year with potentially significant, high margin projects with the addition of some very exciting exploration upside.

At the risk of repeating myself, the shares are extraordinarily cheap and should easily go back to and indeed break through the April high of 67.375p, which itself would still be incredibly good value.
-------------
· Fundraising completed by way of an oversubscribed simultaneous placing of, and direct subscription for, 17,559,455 new Common Shares at 43.75 pence per share raising gross proceeds of US$10 million

· New Shares represent 9.4 per cent. of the Company's pre-Fundraising issued share capital

· The Fundraising Price was equal to the closing mid-market price of the Company's shares on AIM on 5 September 2017

· The Fundraising includes a significant subscription by MEA Energy Investments Limited, an existing 15.6 per cent. Shareholder, taking its shareholding to 19.1 per cent.