Came across ScidevSDV @ 0.70c as really liking the potential noting below recent announcements.
SciDev is a leader in the development and application of services, chemistry and process control for solids-liquid separation. SciDev brings together world-class technology, chemistry, management & manufacturing capabilities to solve pressing operational & environmental issues for the Mining, Water Treatment, Oil & Gas and Construction markets.
Cashed up having raised $7M @ 0.65c with Director's buying large parcels on-market last week around .65c to .67c as well (great vote of confidence imo).
SciDev chemistry to be trialled at BHP's Olympic Dam
▪ SciDev has received a trial order from Olympic Dam, Australia’s largest copper mine and one of the world’s most significant polymetallic deposits. ▪ The trial is scheduled to last for approximately 6-months, commencing in the December quarter of CY2020. ▪ The trial includes an initial A$1m purchase order for SciDev’s MaxiFlox chemistry, reflecting approximately 3-months of consumption. ▪ SciDev’s MaxiFlox chemistry and process applications are being used at a growing number of key global copper mines reflecting the benefits of the Company’s bespoke solutions.
SciDev Market Update – Activity Levels Returning in US Oil Sector
▪ Activity levels are normalising within the US oil & gas sector, driving increased demand for Highland Fluid Technology (HFT) chemistry and professional services ▪ In the recent weeks HFT have executed several new contracts and business initiatives including: ▪ Successful project commissioning to reuse oil field water for a major E&P company using HFT water treatment technology and equipment ▪ Extension of a purchase order from a major South Texas E&P company for completion fluids ▪ Commitment for HFT’s largest dry-polymer customer to shift from commodity polymers and utilise SciDev bespoke chemistry offerings ▪ Major European Oil Company hires HFT to provide product development and application support of new environmentally-friendly performance chemistry ▪ Continuation of chemistry development initiatives, with several HFT staff working with a major American multinational oil & gas corporation ▪ The relationship with Flotek (ref ASX 21 July 2020) continues, with HFT fluids being used on a multi-well drilling program in the Eagle Ford Basin and expanded to the Unita Basin in Utah with positive initial results ▪ HFT is on track to deliver >A$2m of revenue for Q1FY21 (A$1m in Q4FY20) with expectations for significant further revenue growth in 2H FY21 ▪ The trial order between SciDev and Syncrude, one of Canada’s largest oil producers (ref: ASX 26 June 2020) remains scheduled for commencement in 2H CY2020. SciDev chemistry has landed in Canada and is on track for trial in September
