SDX ENERGY INC SDRYF

SDX Energy : Recent press speculation

[monarka]

What is this , .....????

SDX Energy : Recent press speculation

20 September 2018

SDX ENERGY INC.

('SDX' or the 'Company')

Recent press speculation

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, notes the recent press speculation relating to the Company.

The Board confirms that it is in discussions for the acquisition of a significant package of assets in Egypt from BP (the 'Acquisition'). The Acquisition would constitute a reverse take-over under Rule 14 of the AIM Rules for Companies and would be subject to Shareholder approval.

In accordance with the AIM Rules the Company's shares have been suspended from trading on AIM with immediate effect and will remain suspended until an AIM admission document has been published or until the Company confirms that the Acquisition is not proceeding. Trading in the shares of the Company on the TSX Venture Exchange will also be halted during such time.

A further announcement will be made as and when appropriate.

https://www.marketscreener.com/SDX-ENERGY-INC-24203333/news/SDX-Energy-Recent-press-speculation-27289770/

[Tomm613]

Interesting.  And now a trading halt in Canada.

[CoreyB]

Reuters story on potential assets purchase In a nutshell..."Reuters reported earlier in the year, citing banking sources, that BP is seeking buyers for its stake in a 50-year-old oil and gas business in Egypt, then estimated to be worth around $500 million."

[Sunset48]

Anybody have an idea how long this can be "tied up".  Hope they move quickly and get this resolved.   (in our favor of course) good luck