SDX Energy entered into non-binding heads of terms (HoT) with Circle Oil Company for the attainment of Circle Oil’s assets in Egypt and Morocco.
SDX Energy Incorporation chose a location for drilling a carried exploration well in the South Disouq concession in Egypt of which it operates with a 55% interest.
The Egyptian General Petroleum Corporation (EGPC) has granted SDX Energy and PICO Petroleum preliminary approval to extend the drilling period in South Ramadan Concession located in the Gulf of Suez.
SDX Energy, an international oil & gas exploration and production company with assets in Egypt and Cameroon, brings a new oil production well at the North West Gemsa concession of Egypt's Eastern Desert in operation.
SDX Energy Inc. has announced that work has begun on the seismic acquisition of 300km2 of 3D data on the South Disouq concession (SDX 55% WI), located onshore Nile Delta Egypt.