Brief: SDX Energy Says Sale Of West Gharib Asset In Egypt For $3.5 Mln In Cash

SDX Energy

19/04/2024 07:22

April 19 (Reuters) - SDX Energy PLC  SDX.L :
    * SALE OF WEST GHARIB ASSET IN EGYPT
    * PROPOSED DEAL FOR $3.5 MILLION IN USD CASH, PAYABLE
IMMEDIATELY
TO COMPANY OUTSIDE OF EGYPT
    * SDX EXPECTS TO DEPOSIT EGP30 MILLION INTO ESCROW
IMMEDIATELY
USING EXISTING EGP CASH
    * REMAINING EGP70 MILLION IS EXPECTED TO BE DEPOSITED BY
SEPTEMBER
2024 USING CASH GENERATED FROM EGYPTIAN GAS SALES

Source text for Eikon:  ID:nRSS2317La 
Further company coverage:  SDX.L 

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