SDX Energy (GB:SDX) has released an update.
SDX Energy PLC has reported a transformative year, highlighted by strategic shifts towards becoming a hybrid energy provider in Morocco, a repositioning through divestment of its Egyptian assets, and a focused effort on expanding Moroccan production capacities to meet growing energy demands. The company completed the sale of its West Gharib asset, receiving a total of $7.2 million, and continued negotiations for its remaining Egyptian asset, South Disouq. In Morocco, SDX drilled new wells, secured gas prepayment agreements, and appointed key management positions, setting a solid foundation for growth in 2024.
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