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SDX Energy boss “excited” to be exploring Abu Madi trend

Paul Welch, chief executive of SDX Energy Inc (LON:SDX, CVE:SDX), tells Proactive Investors he is “excited” to be exploring the prolific Abu Madi trend.

The company, previously named Sea Dragon and before that Centurion, has completed a seismic data acquisition programme over its 55% owned South Disouq acreage in Eqypt’s Nile delta.

Welch adds that, when called Centurion, SDX “made a 500bcf discovery in a field called El Wastani within the same trend, so it’s a trend that we know well, has a lot of potential so that’s why we’re excited to explore it in our own acreage.”

The work was completed under budget and ahead of schedule, which the chief executive adds is a “fantastic achievement”.

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