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andy604on Jul 19, 2017 3:05am
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more news Released : 19-Jul-2017 07:00
RNS Number : 4357L
SDX Energy Inc.
19 July 2017
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.
19 July 2017
SDX ENERGY INC.
("SDX" or the "Company")
PDMR Dealing
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company was notified that;
· David Vernon Richards, Non-executive Director purchased 10,000 Common Shares of SDX Energy Inc. July 17, 2017
Notification Form
| 1 | Details of PDMR / person closely associated with them ("PCA") |
| (a) | Name | David Vernon Richards |
| (b) | Position/status | Non-Executive Director |
| (c) | Initial notification/amendment | Initial |
| 2 | Details of the transaction(s): section to be repeated for (i) each type of instrument; (ii) each type of transaction; (iii) each date; and (iv) each place where transactions have been conducted |
| (a) | Description of the financial instrument | Common Shares of SDX Energy Inc |
| (b) | Nature of the transaction | Purchase of Shares |
| (c) | Price(s) and volume(s) | | Price(s) | Volume(s) | | CAD$ 0.8100 | 10,000 | |
| (d) | Aggregated information Aggregated volume Price | 10,000 Shares CAD$ 0.8100 |
| (e) | Date of the transaction | 2017-07-17 |
| (f) | Place of the transaction | Toronto Stock Exchange - TSXV (XTSX) |
About SDX
SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. It also has a 55% operated working interest in the South Disouq concession, located in the Nile Delta, where a gas discovery was made by the SD-1X well in 2017. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX's portfolio also includes high impact exploration opportunities in both Egypt and Morocco.
For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com.