SDX is an international energy company, listed on the AIM market of the London Stock Exchange. SDX has a balanced portfolio of production, development and exploration assets across North Africa. SDX aims to deliver value for shareholders by vertically integrating gas production, transport and hybrid power generation with the mission of re-rating the company’s market valuation.
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 a 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. 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 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. In Morocco, SDX has a 75% working interest in four development/production concessions, all situated in the Gharb Basin. The producing assets in Morocco are characterised by attractive gas prices and exceptionally low operating costs. SDX has a strong weighting of fixed price gas assets in its portfolio with low operating costs and attractive margins throughout, providing resilience in a low commodity price environment. SDX’s portfolio also includes high impact exploration opportunities in both Egypt and Morocco.