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2016 Highlights

  • Gross Prospective Resources of
    71 MMBOE
  • 2P Reserves of
    16.9 MMBOE
  • Average daily oil sales of
    1,196 barrels
  • Corporate Debt
    $USD 0.0 Million
    (a.k.a. "Zero")
  • Average Opex of
    US$6.77/bbl

Key 2016 Highlights

  • Successful admission of SDX's on AIM in May 2016, together with a fund raise of US$11MM;
  • Realized Net Revenues of US$12.9MM and a Netback of US$7.6MM;
  • Exited 2016 with cash on hand of US$4.7MM and zero debt;
  • Invested US$13.3MM of capital expenditure into business;
  • Average daily oil sales in 2016, 1,196 bopd;
  • Average daily gas/liquids production in 2016, 935 boepd;
  • In North West Gemsa, completed 6 successful work-over wells and gross production averaged 5,344 bopd;
  • At Meseda, gross production averaged 3,439 bopd following the successful completion of a nine well work-over program;
  • Completion of 3D seismic at South Disouq ahead of schedule and under budget, with potential for oil and gas bearing prospects identified.
2016 Annual Report
(PDF, 4.7MB)

Conference Call

We will be starting to have conference calls shortly and will announce the dial-in details here.