SDX sacks senior Egypt worker as it talks sale
PwC had acted as external auditor for SDX from 2012 until the end of 2022. SDX replaced PwC with Crowe UK.
SDX Energy
SDX raises going concern worries on Egypt currency woes
Despite the problems, the chair said SDX was working on a “foundation from which to grow”. The company is considering moves into new areas, such as “transition fuels and alternative energies, to deliver long term sustainable returns to shareholders”.
SDX CEO exits, as Bhattacherjee goes executive
SDX Energy has appointed Jay Bhattacherjee as interim executive chairman, while CEO Mark Reid is leaving immediately.
SDX teases new vision amid management shuffle
Chairman of SDX Energy Michael Doyle has stepped down with the company taking the first steps with support from a new major shareholder, Aleph Commodities.
SDX kicks off Morocco drilling
SDX Energy has launched its delayed Morocco drilling programme at the Lalla Mimouna Sud concession with the spudding of the SAK-1 exploration well.
SDX deal on the rocks amid shareholder opposition
SDX Energy faces opposition in its plans to sell itself to Canada’s Tenaz Energy, with Aleph Commodities voicing its disapproval.
SDX agrees sale to Canada’s Tenaz
SDX Energy has struck a deal to sell itself to Canadian-listed Tenaz Energy for £21.4 million in an all-share offer.
SDX presses on with aggressive Egyptian drilling plans
SDX Energy has begun producing at the MSD-25 well in Egypt, shortly after drilling the well.
SDX begins second drilling phase in Morocco
SDX Energy has begun drilling in Morocco, launching the second phase of its 2021 campaign.
SDX launches West Gharib drilling campaign
SDX Energy has begun its 12-well development campaign on the West Gharib concession, in Egypt’s Eastern Desert.
SDX pauses Morocco drilling programme
SDX Energy has completed its first three wells in Morocco and will now pause until September or October.
SDX launches Morocco drilling plan
SDX Energy has begun drilling in Morocco, targeting five wells this year in pursuit of meeting local gas demand.
ESG as differentiator for SDX, rather than greenwash
SDX Energy is working on the implementation of an ESG strategy, which can do good while also acting as a differentiator from its peers.
SDX starts up Sobhi flow
SDX Energy has begun producing at its Sobhi well in Egypt’s South Disouq licence, six weeks ahead of schedule.
SDX production booms in first quarter
SDX Energy reported a strong first quarter based largely on its fixed price gas business.
SDX celebrates Sobhi find
SDX Energy has made a commercial discovery at the SD-12X well, in Egypt.
SDX’s serendipitous capex timing
SDX Energy’s capital expenditure will fall to $24.7 million this year, while production is expected to be 66-72% higher than 2019.
Predator takes its time drilling Morocco
Predator Oil & Gas is biding its time in Morocco for its drilling programme as the country faces a mounting coronavirus outbreak.
SDX strikes oil in Egypt
SDX Energy has made a heavy oil discovery at its Rabul-3 well in Egypt, with plans to bring this into production later this month.
Success in Morocco, failure in Egypt for SDX
SDX Energy has extended its gas discoveries in Morocco, through the play-opening BMK-1 well, although a well in Egypt has disappointed.
SDX drills ahead in Egypt, Morocco
SDX Energy is set for a year of growth, although there are some concerns about impairments that might see it relinquish one of its longest-term producing assets.
SDX boosts South Disouq reserves
SDX Energy has increased its resources at South Disouq, in Egypt, by 35%, according to a report by Gaffney, Cline & Associates (GCA).
SDX takes another step towards UK relocation
SDX Energy has taken another step in its bid to relocate its main offices from Canada to the UK.
BP, SDX Energy asset deal ‘terminated’
A proposed deal between oil giant BP and SDX Energy for a "significant package of assets" has been terminated.
SDX Energy ‘in discussions’ with BP for significant Egyptian assets
SDX Energy has confirmed it is "in discussions" to purchase a "significant package of assets" in Egypt from oil giant BP.