Brief: SDX Energy Agrees With Buyer Terms Of Execution Version Of Sale & Purchase Agreement For West Gharib Assets

SDX Energy

09/01/2024 07:26

Jan 9 (Reuters) - SDX Energy PLC  SDX.L :
    * AGREED WITH BUYER TERMS OF AN EXECUTION VERSION OF SALE
AND
PURCHASE AGREEMENT ("SPA") FOR ITS WEST GHARIB ASSETS.
    * PROCEEDS FROM SALE OF WEST GHARIB ASSETS ARE EXPECTED TO
BE
APPROXIMATELY $6.9 MILLION
    * FINALISING SPA FOR DIVESTMENT OF ITS REMAINING EGYPTIAN
ASSET,
SOUTH DISOUQ, WITH TERMS LARGELY AGREED
    * GAS PREPAYMENT AGREEMENT ROLLED OVER WITH CITIC DICASTAL
SUBSIDIARY, DMA FOR A FURTHER $2.1 MILLION FOR Q1 2024 GAS
DELIVERIES

Source text for Eikon:  ID:nRSI0148Za 
Further company coverage:  SDX.L 

 ((Reuters.Briefs@thomsonreuters.com;))