Scidev Ltd (ASX:SDV)

Strong Recovery in US Oil & Gas Sector

View Announcement

Highlights

What's happened?

SciDev Limited (ASX:SDV, "SciDev") have released an update on activity levels within the US oil & gas sector.

What are the key accomplishments for FY2020?

US Oil & Gas sector is continuing to recover from the market decline experienced in early CY 2020 increasing demand for Highland Fluid Technology (HFT) chemistry and professional services.
As a result, HFT is now on track to deliver >A$3m of revenue for Q1 FY21, previous guidance was >A$2m of revenue for Q1 FY21.

For further information, please refer to the announcement linked below.

Managing Director's Summary

"It is great to see a recovery in the oil and gas sector and the hard work of the team translate to business outcomes so soon after our last update. Our decision to move into oil and gas through Highlands is now starting to deliver the outcomes we envisaged. Having weathered recent challenges in the oil and gas sector we are now in a strong position to capitalise on growth in this significant market."

Lewis Utting

Managing Director, Scidev Ltd

Ask Lewis Utting a question...

Download Announcement

View this announcement as well as our full profile on the company.

View Announcement

View SDV's Full Profile

How do I invest?

Considering investing in Scidev Ltd?
Here's how to get started.

1

Create account

Open an account with an online broker of your choice. If you do not have an existing broker, consider Vested Equities' A$9.50 flat fee platform.
Sign up now »
2

Search for ASX:SDV

On your online investment platform search for the stock ticker code ASX:SDV to bring up the company's shares.
3

Buy shares

Place your order however you wish. If you need advice on buying or selling, you should seek the assistance of a full service financial adviser experienced in small cap equities.

Trade for $9.50