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EPIC: SDX
Market: TSX-V:SDX
AIM:SDX
52-week High/Low: C$1.18 / C$0.50
Sector: Energy
Market Cap: C$177.88M
SDX Energy Inc

SDX Energy Inc

SDX Energy is a North Africa focused international E&P business with high margin production and transformational exploration upside.

SDX Energy Inc

www.sdxenergy.com

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Big picture - Why invest in SDX Energy Inc


SDX Energy Inc Snapshot

SDX Energy's strategy is simple: "Create value through high margin production growth". The company is underpinned by a portfolio of high margin producing assets combined with high impact exploration prospects in Egypt and Morocco. 

The Company intends to organically increase production and cash flow generation through a fully funded and active work programme consisting of work-over and development wells in its existing assets, combined with high impact exploration drilling.

SDX Energy also intends to leverage its strong balance sheet, early mover advantage and regional network to grow through the acquisition of distressed asset opportunities in North Africa.

SDX Energy maintains a strict financial discipline to ensure an efficient use of funds. The medium-term objective is to achieve production of 3-5kboe/d through the implementation of this stated strategy whilst the long-term objective is to become a material full cycle E&P Company with production in excess of 20kboe/d.

Our locations

SDX Energy’s portfolio contains interests in 6 concessions in Egypt and Morocco.

In Egypt, SDX Energy has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Dessert, adjacent to the Gulf of Suez. 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. With combined daily average gross production of 11,200 boe/d (4,705 boe/d net to SDX Energy) and 2P reserves of 12.03 mmboe, these concessions provide a solid and resilient production base for SDX Energy.

SDX Energy’s portfolio also includes high impact exploration opportunities in two concessions. In Egypt (South Disouq) and in Morocco (Lalla Mimouna). These exciting prospects will be the subject of technical studies and exploration drilling in 2017 as SDX Energy seeks to deliver an active work programme and achieve a balanced portfolio of stable production growth and transformational exploration upside.

  • Gross Production*: 11,200 boe/d
  • Net Production*: 4,705 boe/d
  • Proven Reserves: 12.03 mmboe
  • Prospective Resources (P50): 35 mmboe

 

 

For more information on North West Gemsa, Meseda, South Disouq, South Ramadan and Morocco please click here

 

Paul Welch - President, Chief Executive Officer and Director

Mr Welch is an international energy executive with over 25 years of industry experience having worked for Shell Oil Company and several large independents including Hunt Oil Company, Pioneer Natural Resources and most recently as CEO of AIM listed explorer Chariot Oil and Gas.

Mr Welch graduated from the Colorado School of Mines with both a Bachelor and Master's degrees in Petroleum Engineering. He also holds an MBA in Finance from the Southern Methodist University in Dallas, Texas.

Mr Welch was appointed CEO of Sea Dragon Energy in April 2013 and became a CEO of SDX Energy following the merger with Madison PetroGas in October 2015.

Mark Reid - Chief Financial Officer

Mr Reid has over 20 years' experience in numerous sectors including the Financial Services, Investment Banking and Oil and Gas industries. He has had significant exposure to M&A transactions and the equity and debt capital markets. Most recently, between 2009 and 2015 he was Finance Director at AIM listed Aurelian Oil and Gas PLC and Chariot Oil and Gas Limited. Prior to this, he spent 7 years as an Emerging Markets E&P banker and was Head of Oil and Gas in the London office of BNP Paribas Fortis. He has also spent 7 years with Ernst & Young Corporate Finance advising on M&A, IPO and other fundraising transactions.

Mr Reid has an MBA (Distinction) from Strathclyde University, is a Member of the Institute of Chartered Accountants of Scotland, a Fellow of the Chartered Association of Certified Accountants and a Member of the Chartered Institute for Securities and Investment.

Ahmed Farid Moaaz - Country Manager

Mr Moaaz has over 30 years of experience in the oil and gas industry. As Country Manager, Mr Moaaz is responsible for Egyptian operations.

Mr Moaaz has held senior positions with international oil companies with operations in Egypt, including of Suez Esso Petroleum Company, Trident Petroleum International and El Wastani Petroleum Company.   Mr Moaaz is also a former Deputy Chairman for Production of EGPC where he was responsible for supervising and directing drilling production and petroleum engineering of all joint venture companies operating in Egypt.

He holds a B.Sc. in Petroleum Engineering from Cairo University (1971).

 

Lonny Baumgardner - Country Manager

Mr Baumgardner joins us with a wealth of experience across many elements of the oil and gas business, totalling over 25 years. His career commenced as a Drilling Engineer in Canada, where he and his family originate, and he quickly moved up the Operations Management chain.

Mr Baumgardner started his international experience in the Kingdom of Saudi Arabia, and has since worked in Tanzania, Greece, Australia, and on two ventures in Egypt.

Mr Baumgardner has a broad spectrum of technical, operational and general management experience. He has a strong focus on HSE, business ethics, and empowering individuals who support the creation of value.

SIGNIFICANT SHAREHOLDERS

 

Email: [email protected]

Calgary - Registered Office

Centennial Place, East Tower

1900, 520-3rd Avenue SW

Calgary, AB, Canada, T2P 0R3

Telephone: +1 (403) 457-5035

 

Egypt 

Apt. #1, Building #12 Al Nahda St.

El-Maadi, Kornish El Nile

Cairo, Egypt 

Telephone: +(20) 2 2358 2172

Fax: +(20) 2 2750 8534

 

London - Head Office

38 Welbeck Street

W1G 8DP London

United Kingdom

Telephone: +44 (0)20 3219 5640

Fax: +44 (0)20 3219 5655

 

Morocco

Forum 6, Rue Ibrahim Tadili

Bureau n 7- 1er Etage

Souissi Rabat

Kingdom of Morocco

Telephone: +212 537 635 656

Fax: +212 537 656 314

 

General Enquiries

Email: [email protected]
Website: www.sdxenergy.com

Advisors

Commercial Banking:

  • HSBC
  • CIB
  • IFC

Investment Banking:

  • First-Energy Capital
  • Cantor Fitzgerald Europe

Legal:

  • Akin Gump, Strauss Hauer & Field - London
  • Berwin Leighton Paisner LLP - London
  • Blakes, Cassels & Graydon LLP - London
  • Borden Ladner Gervais LLP - Calgary
  • Baker McKenzie (Helmy, Hamza & Partners) - Cairo
  • Gide Loyrette Nouel - Casablanca

Accounting:

  • PricewaterhouseCoopers - London

Registrars:

  • Capita Registrars (Guernsey) Limited

Mont Crevalt House, Bulwer Avenue, St Sampson, Guernsey, GY2 4LH

 

 

Email: [email protected]

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