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Tag: North West Gemsa

SDX Energy announces Egypt operational and corporate update

Posted: July 8, 2019 at 3:04 pm   /   Oil & Gas

Highlights Development of South Disouq (SDX 55% working interest and operator) continues on schedule and on budget, with factory acceptance tests for the central processing facility (“CPF”) 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 […]

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SDX Energy provides update on Egypt operations

Posted: January 26, 2018 at 7:46 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has provided a 2018 operational outlook statement prior to Tuesday’s site visit for sell-side and industry analysts in Morocco. Egypt – Meseda Concession (50% Working Interest/19.25% Economic Interest) 2018 gross production guidance is increased to 3,800bopd. SDX plans to drill four wells in 2018. Two […]

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SDX completes work-over programs in Egypt, attributes profit rise to Circle Oil acquisition

Posted: November 22, 2017 at 4:24 pm   /   Oil & Gas

SDX Energy announced completing a number of projects in Egypt during 3Q2017. The company concluded a twelve-well work-over program at North West Gemsa, which should allow it to achieve its 5,000 boepd target for the year, in addition to finalizing the expansion of a processing facility at its Meseda project by increasing treatment capacity to […]

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SDX Energy provides Q2 2017 update on Egypt operations

Posted: August 26, 2017 at 12:49 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced its operating results for the three and six months ended June 30, 2017. Operational Highlights The Company’s share of production from its operations for the six months ended June 30, 2017 was 3,351 boepd analysed as follows; North West Gemsa 2,170 boepd Meseda […]

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SDX Energy confirms resources for South Disouq discovery, eyes early production

Posted: July 6, 2017 at 2:08 pm   /   Oil & Gas

South Disouq has 47 BCF of contingent gas resources, as well as a prospective 180 BCF in the ‘best case’. The new resource statement is “an important step” towards the validation of the full potential of the South Disouq field, SDX said. SDX Energy Inc has confirmed the size of the new South Disouq gas […]

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SDX Energy announces Egypt operational update

Posted: July 5, 2017 at 4:52 pm   /   Oil & Gas

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update for Egypt. South Disouq (55% Operated working interest) Following the successful drilling of the SD-1X exploration well and resulting natural gas discovery at South Disouq, a Resources Update was prepared on behalf of SDX […]

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SDX announces Q12017 financial & operating results, sets out North African growth plans

Posted: May 24, 2017 at 4:43 pm   /   Oil & Gas

SDX Energy reported income of US$26.9 million for the first quarter of the year, although this was largely based on its acquisition of Circle Oil’s Egyptian and Moroccan businesses, which provided a US$29.5 million gain. Netbacks from production for the period, meanwhile, were US$6.1 million, generating US$3.1 million of net cash. Setting out its results […]

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SDX Energy prices Circle Oil’s assets in Egypt, Morocco at $30 million in cash

Posted: January 29, 2017 at 1:22 pm   /   Oil & Gas

SDX Energy said it is proposing to acquire the oil and gas assets of Circle Oil in Egypt and Morocco for a total cash consideration of USD 30 million, Reuters reported. SDX had announced entering into a non-binding heads of terms with Circle Oil for the acquisition in mid-January. In Egypt, SDX will acquire a […]

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SDX Energy signs heads of terms to acquire Circle Oil's Egyptian and Moroccan businesses

Posted: January 12, 2017 at 8:46 pm   /   Oil & Gas

SDX Energy said Wednesday it notes the recent media speculation concerning a potential acquisition and material equity fundraising. In line with its stated strategy of seeking value accretive opportunities to expand the asset base in the North Africa region, SDX said it is pleased to confirm that it has entered into non-binding heads of terms […]

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Paul Welch

SDX CEO: Egypt's Oil & Gas Sector set to grow in next 5 years

Posted: August 25, 2016 at 4:25 pm   /   Oil & Gas

The Egyptian oil and gas sector is set to grow over the next five years, exploration and production company SDX Energy Inc.’s president and CEO Paul Welch said. “It will grow. Businesses will grow, employment will grow,” Welch told Rigzone. Supporting his prediction, Welch stated that ENI S.p.A’s giant Zohr discovery in Egypt still needs […]

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