PDMR Dealing

RNS Number : 9214K

SDX Energy Inc.

13 July 2017

 

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

13 July 2017

SDX ENERGY INC.

("SDX" or the "Company")

PDMR Dealing

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company was notified that;

·     Paul Welch, Chief Executive Officer and Director purchased 85,000 Common Shares of SDX Energy Inc. on July 12, 2017; and

·     David Vernon Richards, Non-executive Director purchased 5,469 and 7,000 Common Shares of SDX Energy Inc. respectively on July 10 and July 11, 2017

                       Notification Form

1	Details of PDMR / person closely associated with them ("PCA")
(a)	Name	Paul Michael Welch
(b)	Position/status	Chief Executive Officer/Director
(c)	Initial notification/amendment	Initial
2	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument	Common Shares of SDX Energy Inc
(b)	Nature of the transaction	Purchase of Shares
(c)	Price(s) and volume(s)	Price(s) Volume(s) £0.4470 50,000 £0.4500 35,000
(d)	Aggregated information Aggregated volume Price	85,000 Shares    £0.4482
(e)	Date of the transaction	2017-07-12
(f)	Place of the transaction	London Stock Exchange - AIM (XLON)

            Notification Form               

1	Details of PDMR / person closely associated with them ("PCA")
(a)	Name	David Vernon Richards
(b)	Position/status	Non-Executive Director
(c)	Initial notification/amendment	Initial
2	Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted
(a)	Description of the financial instrument	Common Shares of SDX Energy Inc
(b)	Nature of the transaction	Purchase of Shares
(c)	Price(s) and volume(s)	Price(s) Volume(s) CAD 0.7500 5,469 CAD 0.7000 7,000
(d)	Aggregated information Aggregated volume Price	12,469 Shares CAD 0.7219
(e)	Date of the transaction	2017-07-10 (5,469 shares) and 2017-07-11 (7,000 shares)
(f)	Place of the transaction	Toronto Stock Exchange - TSXV (XTSX)

About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. It also has a 55% operated working interest in the South Disouq concession, located in the Nile Delta, where a gas discovery was made by the SD-1X well in 2017.  In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.

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

For further information:

SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: [phone]	Mark Reid Chief Financial Officer Tel: [phone]
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Sarah Wharry/Craig Francis Tel: [phone]
GMP FirstEnergy (Joint Broker) Jonathan Wright/David van Erp Tel: [phone]
Celicourt (PR) Mark Antelme/Joanna Boon/Jimmy Lea Tel: [phone]

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

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