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SDX Energy Inc chief upbeat about future after steady first half results

Following the release of SDX Energy Inc's (LON:SDX, CVE:SDX) interim results, chief executive Paul Welch told Proactive the group is in a stronger financial position and activities on the ground in Egypt promise to see higher volumes in the future.

Production averaged 1,170 barrels per day for the oil operations and the equivalent of 136 barrels from gas and liquids.

Following the group's listing on AIM in May, Welch said the US$11mln raised has gone to two areas: the exploration asset in South Disouq and a workover program in Meseda.

''Our main objectives in the next 3-6 months is to complete the interpretation of South Disouq and to grow our production levels'', he said.

Quick facts: SDX Energy Inc

Price: 17.0001 GBX

AIM:SDX
Market: AIM
Market Cap: £34.91 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