SDX Energy Plc

SDX Energy Plc is pleased to announce the commencement of production from its operated South Disouq concession in Egypt. Gas has been flowing through the South Disouq Central Processing Facility since 7th November 2019.  Each of the four discovery wells have been hooked up to the CPF and tested during this period and have produced at their expected rates of between 8 MMscf/d and 15 MMscf/d. Over the last three days, the [...]

SDX Energy Plc is pleased to announce the commencement of production from its operated South Disouq concession in Egypt. Gas has been flowing through the South Disouq Central Processing Facility since 7th November 2019.  Each of the four discovery wells have been hooked up to the CPF and tested during this period and have produced at their expected rates of between 8 MMscf/d and 15 MMscf/d. Over the last three days, the [...]

SDX Energy Plc is pleased to announce the appointment of Mark Reid as CEO of SDX on a permanent basis, having acted as interim CEO since May 2019. In addition, the Board has appointed Nicholas Box to the position of CFO and Director. Nick has served as Group Financial Controller of SDX since October 2016, having previously spent over 10 years working at PwC with a focus on the natural resources sector. Nick holds the ACA [...]

SDX Energy Plc is pleased to announce the commencement of a 12 well drilling campaign, targeting a mean 15bcf of gross unrisked prospective resources, in its operated Gharb Basin acreage in Morocco. The first seven wells located in the Company's core producing concessions at Sebou and Gharb Centre are lower-risk appraisal wells targeting prospects which are close to existing infrastructure. These wells can be tied in [...]

SDX Energy Plc announces that on 10 October 2019, Tim Linacre, Non-executive Director of SDX purchased 25,000 Ordinary Shares of £0.01 at a price of £0.203 per share. Following this transaction, Mr. Linacre holds 120,000 Ordinary Shares in the Company, representing 0.059% of the Company's issued share capital. Notification and public disclosure of transactions by persons discharging managerial responsibilities and persons [...]

SDX Energy Plc announces that on 17 September 2019, David Mitchell, a Non-executive Director of SDX effected a transfer of 137,500 ordinary shares of GBP £0.01 at a price of £0.22 per share from his Canadian Registered Retirement Savings Plan account to his personal account with his broker by way of a separate sale and purchase transaction. As a result of the Company's re-domicile to the United Kingdom, as announced on 28 [...]

SDX Energy Plc is pleased to announce that the MSD-19 development well in the West Gharib Concession in Egypt has encountered a commercial oil accumulation. The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net heavy oil pay across the Asl Formation, with an average porosity of 24%.  The well was completed as a producer, connected to the central processing facilities at Meseda [...]

1 Details of the person discharging managerial responsibilities / person closely associated a) Name Timothy Linacre 2 Reason for the notification a) Position/status Director b) Initial notification /Amendment Initial notification 3 Details of the issuer a) Name SDX Energy Plc b) LEI 213800ALYZJ5JN26DY75 4 Details of the transaction: section to be repeated for each type of instrument; each type of transaction; each date [...]

SDX Energy Plc announces its financial and operating results for the three and six months ended 30 June 2019. All monetary values are expressed in United States dollars net to the Company unless otherwise stated. Summary Operations H1 2019 production of 3,539 boe/d, net to SDX, an increase of 9% from H1 2018 due to successful drilling in Meseda and increased gas sales in Morocco. Q2 2019 production of 3,366 boe/d was 9 [...]

Highlights Development of South Disouq continues on schedule and on budget, with factory acceptance tests for the central processing facility and compressor, the first of three project milestones, now successfully completed. Both pieces of equipment are now commencing the process of being shipped to Egypt with a view to arriving on site at South Disouq in mid-August and on schedule for first gas in Q4'19. Interpretation [...]