- The Company will provide further details and other information on the plans to return value to its shareholders via organic and inorganic growth.
- SDX Energy has confirmed rumours concerning its Egyptian business.
SDX Energy has confirmed rumours concerning its Egyptian business. Also, they noted that the Company had received multiple offers regarding the sale of its Egyptian assets, which the Board are evaluating. Any proposed transaction would be subject to the usual conditions associated with a transaction, including but not limited to the satisfaction of several condition precedents, such as Government and Shareholder approval.
The Company will provide further details and other information on the plans to return value to its shareholders via organic and inorganic growth.
In Egypt, SDX has a working interest in two producing assets: a 36.9% operated interest in the South Disouq and Ibn Yunus gas fields and a 67.0% operated interest in the Ibn Yunus North gas field in the Nile Delta and a 50% non-operated interest in the West Gharib concession, which is located onshore in the Eastern Desert, adjacent to the Gulf of Suez.