SDX is a MENA-focused, exploration and production company, listed on the AIM market of the London Stock Exchange. SDX has a balanced portfolio of production, development and exploration assets across Egypt and Morocco. SDX aims to deliver value for shareholders by growing its low cost, high margin production profile.
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.
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 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. SDX’s portfolio also includes high impact exploration opportunities in both Egypt and Morocco.