Paul Welch, chief executive of newly launched SDX Energy (CVE:SDX) says there’s huge upside potential for investors after the recent merger with Madison PetroGas.
“We’ve got a real platform for growth underpinned by low cost, resilient and profitable production,” says Welch.
The CEO claims the business, formerly Sea Dragon Energy, is stronger in terms of the asset base and balance sheet after the tie-up.
Currently valued at around US$30mln, Welch says the new entity should have a market cap of around US$100mln– and that’s without taking exploration into account.
