SDX Energy announces completion of fundraising and acquisition of Circle Oil assets
Further to its announcements released on 24 and 25 January 2017 concerning the Fundraising and Acquisition, the Board of SDX Energy Inc., the Egypt focused oil and gas company, is pleased to announce that following completion of the Fundraising and Admission, which took place earlier today, completion of the Acquisition of the Circle Assets has also now successfully taken place.
Paul Welch, President and CEO of SDX, commented:
“This announcement marks an important milestone in SDX’s corporate history. The successful fundraise and acquisition will enable us to substantially increase our production, and cash flow, over the course of 2017 and beyond as we seek to build a mid-tier E&P focused on North Africa. We remain excited about our upcoming drilling campaign in South Disouq and look forward to updating our new and existing stakeholders on the Company’s progress over the coming months.”
(SDX Energy Press Release)