SDX Energy is a MENA-focused, exploration and production company, listed on the AIM market of the London Stock Exchange. SDX has a balanced portfolio of production, development and exploration assets across Egypt and Morocco. 

The company's portfolio contains interests in 7 concessions in Egypt and Morocco. In Egypt, SDX has a working interest in two producing assets: a 55% operated interest in the South Disouq concession in the Nile Delta and a 50% non-operated interest in the Meseda concession located onshore in the Eastern Desert adjacent to the Gulf of Suez. In Morocco, SDX has a 75% operated working interest in five exploration permits, all situated in the Gharb Basin.

Average entitlement production in 2020 was 6,397 boe/d, an increase of 57% year on year due to strong production levels mainly from South Disouq, at 49.5 MMscfe/d equating to 4,532 boe/d net to SDX.

2021 guidance for production is 5,620 - 5,920 boe/d and for capex is US$25.0-US$26.5 million.

HISTORY

• 28 June 2006: Sea Dragon Energy Inc. was incorporated under the Canada Business Corporations Act (the “CBCA”) on March 28, 2006.
• 11 July 2008: Sea Dragon Energy listed on the TSX Venture Exchange under the symbol “SDX”
• 21 December 2009: Acquired 10% participating interest in the NW Gemsa Concession
• 16 November 2011: Meseda field brought into production
• 14 June 2012: As part of a consortium led by Dana Petroleum (KNOC), Madison signed a Production Sharing Contract for the Bakassi West Block, Cameroon
• 22 April 2013: Company awarded 100% participating interest in the South Disouq concession
• 31 December 2013: South Ramadan Concession acquired with Sea Dragon being a 12.75% equity owner
• 30 April 2014: South Disouq Concession awarded to Sea Dragon
• 28 February 2015: 45% Farm-Out completed for South Disouq Concession
• 19 August 2015: Sea Dragon Energy and Madison PetroGas announced merger
• 01 October 2015: Sea Dragon Energy and Madison PetroGas completed merger - combined company renamed SDX Energy
• 20 May 2016: SDX Energy listed on the London Stock Exchange AIM Market
• 14 June 2016: SDX Energy exited Bakassi West concession in Cameroon
• 27 January 2017: Acquired Circle Oil Assets in Egypt and Morocco
• 18 April 2017: Gas discovery at SD-1X well, South Disouq Concession, Egypt
• 05 October 2017: Oil discovery at Rabul 2 well
• 12 April 2018: Gas Discovery at Ibn Yunus-1X well, South Disouq Concession, Egypt
• 07 May 2018: Gas Discovery at LMS-1 well, Morocco
• 07 February 2019: SDX expands presence in Morocco: Moulay Bouchta Ouest and Lalla Mimouna Sud licenses awarded
• 28 May 2019: Completion of re-domiciliation transaction of SDX Group to the United Kingdom
• 26 June 2019: Oil discovery at Rabul-7 well, West Gharib Concession, Egypt
• 18 September 2019: Successful MSD-19 well at West Gharib Concession, Egypt
• 12 November 2019: Nicholas Box appointed to the position of CFO and Director of SDX
• 12 November 2019: Mark Reid appointed CEO of SDX
• 12 November 2019: Commencement of production at South Disouq and Ibn Yunus fields, Egypt
• 20 November 2019: Appointment of Amr Al Menhali as Non-Executive Director of SDX
• 28 January 2020: Gas discovery at OYF-2 well, Morocco
• 6 February 2020: Appointment of Catherine Stalker as independent Non-Executive Director
• 10 March 2020: Rabul-3 well oil discovery, West Gharib Concession, Egypt
• 19 March 2020: LMS-2 well gas discovery, Morocco
• 8 April 2020: Gas discovery at SD-12X well, South Disouq Concession, Egypt
• 13 July 2020: Sale of SDX's 50% interest in the North West Gemsa asset
• 19 July 2020: Disposal of SDX's 12.75% working interest in the South Ramadan asset

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