SDX Energy’s portfolio contains interests in 7 concessions in Egypt and Morocco. 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 Meseda 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.
These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX is cash flow positive down to c.US$10/bbl Brent, at the corporate level. With 2019 daily average net production of 4,062 boe/d net to SDX Energy and 2P reserves of 12.0 mmboe, these concessions provide a solid and resilient production base for SDX Energy.