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SDX Energy chief sees US$100mln valuation after PetroGas tie-up

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.

Quick facts: SDX Energy Inc

Price: 17.45 GBX

AIM:SDX
Market: AIM
Market Cap: £35.84 m
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SDX Energy sets timeline for TSX delisting and provides update on South Disouq

SDX Energy (CVE:SDX-LON:SDX) President and CEO Paul Welch joined Proactive Investors Steve Darling on Skype to update the timing of their delisting from the Toronto Stock Exchange and solely list on the AIM market in London. Welch also providing Proactive with an update on their South...

on 04/08/2019

2 min read