Working interest share of audited 2P reserves
37% increase in net revenue in the year ended December 31, 2018
44% increase in netback in the year ended December 31, 2018
SDX is set to deliver on its growth objectives.
SDX has a balanced portfolio, with a mix of production, development and exploration assets. The Company is focused on delivering value for its shareholders through low cost, high margin production in North Africa.
SDX Energy provides a compelling and unique investment opportunity based on its Egyptian and Moroccan balance of high margin production, combined with a fully funded high impact exploration program.
During 2018, we achieved strong operational success across our portfolio, significantly grew our annual cash flows, achieved our Egyptian production targets and began to grow our Moroccan business meaningfully.