Brief: SDX Energy Says Divesting Its Egyptian Assets

SDX Energy

27/11/2023 07:38

Nov 27 (Reuters) - SDX Energy PLC  SDX.L :
    * CORPORATE STRATEGY UPDATE
    * SDX IS DIVESTING ITS EGYPTIAN ASSETS
    * WILL MAINTAIN ITS UPSTREAM MOROCCAN GAS ASSETS AND
CONTINUE TO
PRODUCE NATURAL GAS, SELLING IT TO OFFTAKERS
    * ALSO INTENDS, IN MEDIUM-TERM, TO EXPAND INTO RENEWABLE
POWER
GENERATION
    * INTENDS TO CONTINUE ITS UPSTREAM ACTIVITIES IN MOROCCO IN
IMMEDIATE FUTURE AND BEYOND, PLANNING ADDITIONAL DRILLING
ACTIVITY IN 2024
    * BOARD REMAINS CONFIDENT THAT IT IS ON TRACK FOR EGYPTIAN
SALE AS
PER COMPANY'S EARLIER GUIDANCE

Source text for Eikon:  ID:nRSa6508Ua 
Further company coverage:  SDX.L 

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