SDX Energy Plc

SDX Energy Plc is pleased to announce that the SD-6X well at South Disouq in Egypt has commenced drilling operations. Salah is expected to a reach its targeted depth of approximately 9,000 feet in late March/early April and is targeting gross P50 unrisked prospective resources of c.71 bcfe, as estimated by management. Salah's primary targets are in the same Kafr el Sheikh and Abu Madi formations that the Company's [...]

SDX Energy Plc is pleased to announce the appointment of Catherine Stalker as independent non-executive Director effective 6 February 2020. Ms. Stalker is an experienced non-executive director and consultant to the boards of FTSE companies, public sector bodies, regulators, pension funds and not-for-profits. She started her career at the Bank of England in 1991. From 1995-2007, she worked at PwC in Moscow and Berlin [...]

596/2014 . , Morocco SDX Energy Plc , the MENA-focused oil and gas company, is pleased to announce that the OYF-2 well in Morocco has been drilled to a measured depth of 1,210 meters and has encountered commercial quantities of gas in excess of pre-drill estimates. The discovery also confirms that the Company's core productive area extends to the north. Both the Upper and Lower Guebbas targets in OYF-2 were encountered [...]

SDX Energy Plc provides a year end 31 December 2019 operations and financial update and sets out production and capex guidance for 2020. All monetary values are expressed in United States dollars net to the Company unless otherwise stated. Production and Capex: 2019 Year End Update and 2020 Guidance 2019 production at 4,020 boe/d was 12% higher than 2018, and by individual asset, has either exceeded or was at the upper [...]

596/2014 . , SDX Energy Plc , the MENA-focused oil and gas company, is pleased to announce that upon completion of an independent technical and economic audit of the reserves at its operated South Disouq concession , Gaffney, Cline & Associates has reported that gross proved plus probable reserves , as at 30 September 2019, are 86 BCF of natural gas and 0.6 MMbbl of condensate. This is equivalent to gross 89 BCFE and [...]

SDX Energy announced early in November 2019 the commencement of production of natural gas in South Disouq, in Egypt. We expect this achievement to have a material effect on SDX's cash generation in the coming years. The field has already achieved a plateau production of 50mmscfed, three months ahead of management expectations. Along with its Q319 results, SDX also outlined its exploration and appraisal drilling programme [...]

LONDON, Dec. 11, 2019 /CNW/ - SDX Energy Plc , the MENA focused oil & gas company, announces that on 11 December 2019, Mark Reid, Chief Executive Officer of SDX, purchased 94,233 Ordinary Shares of £0.01 at a price of £0.210 per share and Tim Linacre, Non-Executive Director of SDX, purchased 40,000 Ordinary Shares of £0.01 at a price of £0.213 per share. Following this transaction, Mr. Reid holds 461,203 Ordinary Shares [...]

SDX Energy Plc is pleased to announce that it has achieved its targeted stabilised plateau production rate of 50 MMscfe/d from its operated South Disouq concession in Egypt approximately three months earlier than initially expected. Gas has been flowing through the South Disouq Central Processing Facility since 7 November 2019 with all four discovery wells and the CPF performing as expected. All gas production is sold to [...]

Following the acquisition of the business and assets of FirstEnergy Capital LLP by Stifel Nicolaus Europe Limited, the Company's joint corporate brokers are now Stifel and Cantor Fitzgerald Europe. Stifel continues to act as the Company's Nominated Adviser. About SDX SDX is an international oil and gas exploration, production and development company, headquartered in London, United Kingdom, with a principal focus on MENA [...]

SDX Energy Plc announces its financial and operating results for the three and nine months ended 30 September 2019. All monetary values are expressed in United States dollars net to the Company unless otherwise stated.    Summary Operations Production for the nine months ended 30 September 2019 increased to 3,501 boe/d, net to SDX, compared with 3,455 boe/d for the same period in 2018.  The increase was due to an 18 [...]