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Share Price: 3.65

Bid: 3.60

Ask: 3.70

Change: 0.05 (1.39%)

Spread: 0.10 (2.778%)

Open: 3.60

High: 3.65

Low: 3.60

Prev. Close: 3.60

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DIRECTOR DEALINGS: SDX Energy Boss Mark Reid Buys Shares

Wed, 11th Dec 2019 18:16

(Alliance News) - Oil & gas company SDX Energy PLC said Chief Executive Officer Mark Reid and Non-Executive Director Tim Linacre purchased shares on Wednesday.

Reid bought 94,233 shares at a price of 21.00 pence per share for a total amount of GBP19,788.

Linacre purchased 40,000 shares at a price of 21.25p per share, totalling GBP8,500.

Following the purchase, Reid owns 0.2% stake in the company and Linacre holds 0.1% interest.

Shares in SDX Energy closed 4.6% higher at 21.70p per share on Wednesday in London.

By Ife Taiwo; ifetaiwo@alliancenews.com

More News

3 May 2022 13:11

SDX Energy discovers gas at Sobhi well

(Sharecast News) - Middle East and North Africa-focussed SDX Energy announced a gas discovery at the SD-12 East well on Tuesday, which targeted a separate compartment in the Sobhi Field within the Ibn Yunus North development lease in Egypt.

3 May 2022 11:57

IN BRIEF: SDX Energy shares rise on gas discovery at Egypt asset

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Says 67% owned SD-12 East well in Sobhi field at Ibn Yunus North discovers gas. The asset is located in Egypt. The primary basal Kafr El Sheikh target is met at 6,567 feet measured depth, discovering 70.2 feet of net pay gas sand with average porosity of 24%. Secondary target is encountered at 4,838 feet measured depth, discovering 9.1 feet of net pay gas sand with 31% porosity.

21 Apr 2022 22:06

TRADING UPDATES: Warehouse REIT buys Bradwell Abbey; Ixico wins deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Thursday and not separately reported by Alliance News:

8 Apr 2022 17:12

IN BRIEF: SDX Energy spuds MSD-20 development well in Egypt

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Spuds the MSD-20 infill development well on the Meseda field in Egypt. This is the third fully funded 13-well development campaign at the Meseda and Rabul oil fields. The campaign aims to grow production to between 3,500 to 4,000 barrels per day by early 2023.

7 Apr 2022 14:39

IN BRIEF: SDX Energy makes positive progress on SD-5X well in Egypt

SDX Energy PLC - oil and gas company focused on Egypt and Morocco - Provides an update on its 37% owned SD-5X discovery well at the South Disouq development lease in Egypt. Says well was perforated and tested on March 30. Well flowed at a rate of 10 million standard cubic feet per day on a 26/64 inch choke. SDX expects the well to produce at an optimum stabilised rate between 8 to 9 million standard cubic feet per day. Well will be tied in to the SD-4X flow-line at an estimated cost of USD500,000. Expects well to be on production in June. Next, the company is moving onto the second well in the campaign, SD-12 East, which is expected to spud in mid-April.

22 Mar 2022 21:00

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

(Alliance News) - The following is a round-up of updates by London-listed companies, issued on Tuesday and not separately reported by Alliance News:

18 Mar 2022 17:29

IN BRIEF: SDX Energy swings to annual loss on higher one-off costs

SDX Energy PLC - London-based oil and gas company with projects in Egypt and Morocco - Revenue in 2021 rises to USD53.9 million from USD46.1 million. Swings to pretax loss of USD17.1 million from USD1.4 million profit. Exploration and evaluation expense increases to USD14.1 million from USD5.8 million. Depletion, depreciation and amortisation charges up to USD32.6 million from USD25.2 million. In addition, company posts USD9.5 million impairment expense, against none in year prior.

17 Mar 2022 16:14

SDX Energy begins oil production from Egypt infill well

(Sharecast News) - Middle East and North Africa-focussed SDX Energy announced the start of oil production at the MSD-25 infill development well on the Meseda field on Thursday, in its West Gharib concession in Egypt, where it has a 50% working interest.

8 Mar 2022 19:36

IN BRIEF: SDX Energy spuds well in South Disouq to explore potential

SDX Energy PLC - London-based oil and gas company with projects in Egypt and Morocco - Spud the SD-5X well, which will target the Warda prospect in the South Disouq development lease in Morocco.Well is targeting an estimated gross unrisked P50 EUR of 11 billion cubic feet and has a 40% chance of success.

4 Mar 2022 20:53

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SDX Energy Share News (SDX)

Share Price Information for SDX Energy (SDX)

DIRECTOR DEALINGS: SDX Energy Boss Mark Reid Buys Shares

SDX Energy discovers gas at Sobhi well

IN BRIEF: SDX Energy shares rise on gas discovery at Egypt asset

TRADING UPDATES: Warehouse REIT buys Bradwell Abbey; Ixico wins deal

IN BRIEF: SDX Energy spuds MSD-20 development well in Egypt

IN BRIEF: SDX Energy makes positive progress on SD-5X well in Egypt

TRADING UPDATES: Marlowe makes acquisition; Kavango backs out of deal

IN BRIEF: SDX Energy swings to annual loss on higher one-off costs

SDX Energy begins oil production from Egypt infill well

IN BRIEF: SDX Energy spuds well in South Disouq to explore potential

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SDX Energy shares down on lower production guidance for 2022

IN BRIEF: SDX Energy spuds second well in Egypt development

SDX Energy jumps after oil production commences at well in Egypt

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IN BRIEF: SDX's two-well campaign delayed into first quarter of 2022

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