Company
LON:SDX
SDX is a North Africa 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. SDX aims to deliver value for shareholders by growing its low cost, high margin production profile.
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A look at the day's major movers, including China New Energy, Pressure Technologies, Remote Monitored Systems, Vela, 1pm, Carpetright, RedT, MOD Resources and Metal Tiger
"I am pleased to report on the solid progress that was made throughout 2016, with high levels of activity across the entire portfolio,” said Paul Welch.
It is paying US$30mln to acquire assets in Egypt and Morocco that will lift group production by nearly 250%, taking it to around 4,700 barrels per day.
