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Tag: SDX Energy

SDX Energy announces US$11 million private placement and intention to apply for admission to trading on the AIM market

Posted: May 6, 2016 at 1:43 pm   /   Oil & Gas

SDX Energy, an oil & gas exploration and production company with assets in Egypt & Cameroon, has announced that the Company has effected a private placement fundraising for a total of approx. US$11 million. A total of 42,201,835 new common shares of no par value in the capital of the Company have been conditionally placed […]

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SDX Energy: 3D seismic programme on South Disouq has commenced

Posted: March 16, 2016 at 9:05 pm   /   Oil & Gas

SDX Energy Inc. is pleased to provide an update on its activities at its South Disouq asset located onshore Nile Delta Egypt. Further to the announcement on 10 November 2015, regarding the signing of contract for the seismic acquisition of 300km2 of 3D data on the South Disouq concession (SDX 55% WI), the Company announces […]

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IOCs negotiating payment of contractors in EGP

Posted: February 15, 2016 at 12:55 pm   /   Oil & Gas

International oil companies are negotiating to pay service contractors in EGP instead of USD, or to reduce the contracted amount to be paid in foreign currency to 40% from 60%. Ahmed Moaaz, Egypt Country Manager of SDX Energy (formerly Sea Dragon Energy), said that several IOCs already started negotiations with e contractors and service companies. […]

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SDX Energy: Positive Development Well results boosts Production from NW Gemsa

Posted: February 8, 2016 at 3:49 pm   /   Oil & Gas

Al Amir S.E. #23 Development Well Test Results – 3,860 BOPD! SDX Energy Inc., an oil & gas exploration and production company with assets in Egypt & Cameroon, is pleased to announce the Al Amir SE 23 development well in North West Gemsa, has encountered significant oil bearing reservoir sections in both the Kareem Rahmi […]

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SDX Energy to acquire 3D seismic data in South Disouq concession

Posted: November 12, 2015 at 1:24 pm   /   Oil & Gas

SDX has signed a contract with Geofizyka Torun for the acquisition of 300 km2 of 3D seismic data. The seismic programme is expected to take approximately 8 months to acquire and reprocess. The data obtained with this programme will be used to identify and select a prime prospect in this concession with a view to […]

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Sea Dragon Energy Inc. to acquire Madison PetroGas Ltd. including its assets in Egypt

Posted: August 21, 2015 at 9:05 pm   /   Oil & Gas

Sea Dragon Energy Inc. and Madison PetroGas Ltd. Announce Strategic Business Combination and Creation of SDX Energy Inc. Sea Dragon Energy Inc. (“Sea Dragon”) (TSX VENTURE: SDX) and Madison PetroGas Ltd. (“Madison”), a private, arm’s length, Canadian company incorporated under the Business Corporations Act (Alberta) (“ABCA”) (Sea Dragon and Madison, together, the “Parties”), are pleased […]

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