Corporate Broker Change

RNS Number : 4191V

SDX Energy PLC

07 August 2020

 

7 August 2020

SDX ENERGY PLC  

("SDX" or the "Company")

Corporate Broker Change

SDX Energy Plc (AIM: SDX), the MENA-focused oil and gas company, announces that as a result of Cantor Fitzgerald Europe closing certain elements of its corporate finance function, its Corporate Brokers are now Stifel Nicolaus Europe Limited and Peel Hunt LLP. The Company's Nominated Adviser will continue to be Stifel Nicolaus Europe Limited.

About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, United Kingdom, with a principal focus on MENA. In Egypt, SDX has a working interest in three producing assets: a 55% operated interest in the South Disouq gas field in the Nile Delta, a 50% non-operated interest in the West Gharib concession, which is located onshore in the Eastern Desert, adjacent to the Gulf of Suez, and a 12.75% non-operated interest in the South Ramadan concession offshore Gulf of Suez. In Morocco, SDX has a 75% working interest in five 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.

For further information, please see the Company's website at www.sdxenergy.com or the Company's filed documents at www.sedar.com .

For further information:

SDX Energy Plc Mark Reid Chief Executive Officer Tel: [phone]

Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Callum Stewart Simon Mensley Ashton Clanfield Tel: [phone]

Peel Hunt LLP (Joint Broker) Richard Crichton David McKeown Tel: [phone]

Camarco (PR) Billy Clegg Owen Roberts Violet Wilson Tel: [phone]

 

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