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Pin to quick picksSDX Energy Share News (SDX)

Share Price Information for SDX Energy (SDX)

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Share Price: 3.85
Bid: 3.80
Ask: 3.90
Change: 0.00 (0.00%)
Spread: 0.10 (2.632%)
Open: 3.85
High: 3.85
Low: 3.85
Prev. Close: 3.85
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AIM WINNERS & LOSERS: Numis rockets on takeover by Deutsche Bank

Fri, 28th Apr 2023 10:55

(Alliance News) - The following stocks are the leading risers and fallers on AIM in London on Friday.

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AIM - WINNERS

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Numis Corp PLC, up 67% at 341.50 pence, 12-month range 170.00p-343.00p. The London-based investment bank agrees to be taken over by Frankfurt-based Deutsche Bank AG. Deutsche Bank will pay 350 pence per Numis share, for a total consideration of about GBP410 million. The transaction is made up of 339p per share, as well as an interim dividend of 6p per share for the first half ended March 31, as well as an additional interim dividend of 5p per share. Deutsche Bank says the acquisition will allow it to "accelerate its Global Hausbank strategy by unlocking a much deeper engagement with the corporate client segment in the UK," with Deutsche Bank gaining more than 170 clients. Numis directors intend to unanimously recommend the takeover offer.

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Bens Creek Group PLC, 12% at 17.61 pence, 12-month range 15.06p-98.87p. The North America-focused mine operator completes the delivery of 44,000 tonnes of coal to an unnamed steel producer in India, which it names as the "largest" in the country. This order is part of a larger order to be completed by the end of July. The customer has, after July of this year, the right to order further coal of up to double the current order and the company is "confident" the customer will do so. Notes this is the first time that the company has taken the lead in filling a ship. Explains this is a "significant" development for the company as it means it is now able to directly fill a ship, on a monthly basis, with anywhere between 40,000 and 70,000 tonnes of coal.

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AIM - LOSERS

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SDX Energy PLC, down 20% at 5.75 pence, 12-month range 5.50p-13.00p. The Middle East and North Africa-focused oil and gas company reports a net production of 3,723 barrels of oil equivalent per day in 2022, marginally ahead of mid-point full-year guidance between 3,480 to 3,795 boed. Total sales volumes fall to 4,898 boed from 5,886 boed. Netback per barrel of oil equivalent drops to USD18.59 from USD20.54. Net revenue drops to USD43.8 million in 2022 from USD53.9 million in 2021. Earnings before interest, tax, depreciation, amortization, and exploration expense drop to USD24.6 million from USD40.0 million. Total comprehensive loss widens to USD35.1 million from USD24.0 million year-on-year. Interim Chair Jay Bhattacherjee says: "We are revaluating our standing in the wider energy sector and will consider all reasonable avenues, including transition fuels and alternative energies, to deliver long term sustainable returns to shareholders."

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Zoo Digital Group PLC, down 10% at 164.00 pence, 12-month range 99.20p-219.89p. Zoo Digital, which provides subtitling, dubbing, and media localization services to the TV and movie industry, successfully completes an oversubscribed placing of GBP12.5 million through the issue of 7.8 million shares at a price of 160p each. Says the price represents a discount of 14% to its middle market closing price on Wednesday. Shares represent around 8.7% of its share capital. In additional, company announces a retail offer via the BookBuild platform to raise up to GBP500,000 through the issue of 312,500 shares at a price of 160p each.

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By Heather Rydings, Alliance News senior economics reporter

Comments and questions to newsroom@alliancenews.com

Copyright 2023 Alliance News Ltd. All Rights Reserved.

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14 Feb 2020 10:23

SDX Energy Starts Drilling Operations On New South Disouq Well

SDX Energy Starts Drilling Operations On New South Disouq Well

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7 Feb 2020 12:10

SDX Energy Appoints Independent Audit Partner Stalker As Director

SDX Energy Appoints Independent Audit Partner Stalker As Director

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28 Jan 2020 15:56

SDX Says Morocco Well Beats Forecasts As It Eyes Egypt Progress

SDX Says Morocco Well Beats Forecasts As It Eyes Egypt Progress

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28 Jan 2020 13:01

SDX Energy upbeat on latest developments in Morocco and Egypt

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy announced on Tuesday that the OYF-2 well in Morocco, where it has a 75% working interest, has been drilled to a measured depth of 1,210 meters, and had encountered commercial quantities of gas in excess of pre-drill estimates.

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22 Jan 2020 12:10

SDX Energy Output Rises In 2019 With Sharp 2020 Improvement Forecast

SDX Energy Output Rises In 2019 With Sharp 2020 Improvement Forecast

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22 Jan 2020 08:57

SDX Energy posts decent rise in production for 2019

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy updated the market on its operations and finances for 2019 on Wednesday, reporting full-year production of 4,020 barrels of oil equivalent per day (boepd) was 12% higher than 2018.

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7 Jan 2020 10:01

SDX Energy Notes Increased Reserves At South Disouq Concession

SDX Energy Notes Increased Reserves At South Disouq Concession

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11 Dec 2019 18:16

DIRECTOR DEALINGS: SDX Energy Boss Mark Reid Buys Shares

DIRECTOR DEALINGS: SDX Energy Boss Mark Reid Buys Shares

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10 Dec 2019 14:19

SDX Energy's South Disouq Hits Production Rate Target 3 Months Early

SDX Energy's South Disouq Hits Production Rate Target 3 Months Early

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10 Dec 2019 13:19

SDX Energy reaches stabilised production rate early at South Disouq

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy has achieved its targeted stabilised plateau production rate of 50 million standard cubic feet per day from its operated South Disouq concession in Egypt, where it has a 55% working interest, about three months earlier than initially expected, it announced on Tuesday.

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22 Nov 2019 15:05

SDX Energy Third Quarter Revenue Drops On Oil And Service Fee Decline

SDX Energy Third Quarter Revenue Drops On Oil And Service Fee Decline

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22 Nov 2019 09:31

SDX Energy revenues slip as it continues development strategy

(Sharecast News) - Middle East and North Africa-focussed oil and gas company SDX Energy released its third quarter financial and operating results on Friday, reporting that production for the nine months ended 30 September increased to 3,501 barrels of oil equivalent per day net to SDX, compared with 3,455 barrels per day for the same period in 2018.

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20 Nov 2019 14:14

SDX Energy Names Shareholder Waha Capital's Boss As Non-Executive

SDX Energy Names Shareholder Waha Capital's Boss As Non-Executive

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12 Nov 2019 10:06

SDX Energy begins production at South Disouq concession

(Sharecast News) - Oil and gas explorer SDX Energy has commenced production at the South Disouq concession in Egypt, with all four discovery wells now hooked up to the central processing facility.

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