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Tag: SDX Energy
south-disouq

SDX Energy interpret 3D seismic at South Disouq in Egypt

Posted: October 10, 2016 at 6:59 pm   /   Oil & Gas

Both gas and oil bearing prospects identified ahead of fully carried exploration well. SDX Energy, the Egypt focused oil and gas company, has provided an update on the initial findings from interpretation of the 300 km2 of 3D seismic data acquired over its South Disouq concession in H1 2016. Data processing commenced in June and […]

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SDX Energy announces directorate changes

Posted: September 28, 2016 at 7:30 pm   /   Oil & Gas

SDX Energy Inc., the Egypt focused oil and gas company, is pleased to welcome Michael Raynes, Non-Executive Director, and Mark Reid, Chief Financial Officer, to the Board of Directors. Paul Moase and Barrie Wright, formerly Non-Executive Directors, will retire from the Board with immediate effect and the Company thanks them both for their extremely valuable […]

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south disouq

SDX Energy increases investments in South Disouq concession to $17 million

Posted: September 22, 2016 at 4:54 pm   /   Oil & Gas

SDX Energy has increased its investment in the South Disouq concession from USD 9 mn to USD 17 mn, said country Manager Ahmed Moaaz, Al Mal reported, quoting him as saying the company will drill the first well at the concession sometime in 1Q2017. SDX had signed a contract with Polish firm Geofizyka Torun to […]

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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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south disouq

SDX Energy 'well placed' to drill South Disouq well

Posted: August 25, 2016 at 4:20 pm   /   Oil & Gas

SDX Energy Inc. is well placed to maximize the potential of its South Disouq asset in Egypt, says the company’s president and CEO Paul Welch. “We have a solid financial position which is underpinned by high-margin production that enables us to generate positive free cash flow down to $15 oil,” he commented in a company […]

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SDX Energy announces closing of second tranche of private placement

Posted: July 25, 2016 at 12:58 pm   /   Oil & Gas

SDX Energy Inc., an oil and gas exploration and production company with assets in Egypt, has announced that, further to its news release dated May 20, 2016, it has completed the second tranche of the private placement. The second tranche consists of 3,910,000 common shares (the ‘Placement Shares’) that had been placed with an investor […]

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SDX Energy completes South Disouq 3D seismic acquisition programme

Posted: June 13, 2016 at 8:58 pm   /   Oil & Gas

Operations Update – 3D Seismic at South Disouq SDX Energy Inc. provides an update on its activities at its South Disouq asset located onshore Nile Delta Egypt. Further to the announcement on 16 March 2016 regarding the commencement of a 3D seismic programme at the Company’s South Disouq asset where SDX has a 55% equity […]

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SDX Energy raises $11m in funds to support operations in Egypt

Posted: May 24, 2016 at 1:33 pm   /   Oil & Gas

Oil and gas exploration and production company SDX Energy Inc has raised approximately $11 million through a private placement, which will be used to fund its activities in Egypt. “The proceeds will mainly be used on workover and waterflood programs at Meseda and on South Disouq’s 3D seismic program,” said Stephane Foucaud, an analyst at […]

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SDX Energy: Positive Development Well results in NW Gemsa

Posted: May 20, 2016 at 7:56 pm   /   Oil & Gas

Al Amir S.E. #24 Development Well SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to provide the following update on the recently completed Al Amir SE 24 (AASE-24) development well in North West Gemsa, where SDX Energy has 10% working interest. The well encountered […]

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SDX Energy announces admission to AIM market of London Stock Exchange

Posted: May 20, 2016 at 7:47 pm   /   Oil & Gas

SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce that admission of its ordinary shares to trading on the AIM market of the London Stock Exchange. The Company’s ticker is “SDX”. The Company successfully raised approximately £7.6 million (approximately US$11 million) through a […]

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