SDX Energy is a MENA-focused, international oil and gas exploration, production, and development company headquartered in London. The Company was created in October 2015 through the merger of TSX-listed Sea Dragon Energy and privately owned Madison PetroGas.
In 2016, the Company successfully listed on the Alternative Investment Market (AIM) of the London Stock Exchange, raising US$11 million in the process. The Company’s management team has significant experience in the oil & gas sector and is led by an Board of Directors that is focused on safely and cost effectively producing and developing its current resource base, as well as discovering new resource.
SDX uses a low-cost base, balance-sheet conscious strategy and, as a result, has built a financially strong and stable business since listing on AIM. SDX has high-margin producing assets in Egypt and Morocco with long-term, fixed-price gas contracts, leaving SDX largely insulated from fluctuations in the Brent oil price and with significant growth potential.
For Circle Oil
In January 2017, SDX successfully acquired a portfolio of oil and gas production and exploration assets in Egypt and Morocco, which were formerly held by Circle Oil plc, for a cash sum of $30 million. In Egypt, SDX has a working interest in two producing assets: a 55% operated interest in the South Disouq concession in the Nile Delta and a 50% non-operated interest in the West Gharib concession located onshore in the Eastern Desert adjacent to the Gulf of Suez. In Morocco, SDX has a 75% operated working interest in five exploration permits, all situated in the Gharb Basin. SDX’s portfolio also includes high impact exploration opportunities in both Egypt and Morocco.