GREY:SDRYF - Post by User
Post by
andy604on Oct 18, 2018 2:07am
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Shell and SDX talks terminated
Shell and SDX talks terminated18 October 2018
SDX ENERGY INC.
(“SDX” or the “Company”)
Update on Potential Acquisition
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from BP have been terminated by mutual agreement.
The Company has requested for the restoration of trading on both AIM and the TSX Venture Exchange.
SDX continues, in line with its stated strategy, to review and pursue inorganic growth opportunities across its areas of operations in North Africa.
- Ends -
For further information:
SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: +44 203 219 5640
Mark Reid Chief Financial Officer Tel: +44 203 219 5640
Stifel Nicolaus Europe Limited (Nominated Adviser and Joint Broker) Callum