SDX Energy Plc issues an operational update

  • Jan 07, 2020 GMT
  • Team Kalkine
  • The company updated about the reserves at its South Disouq concession (SDX: 55% working interest)
  • Gaffney, Cline & Associates (GCA) has reported that gross proved plus probable reserves ("2P reserves"), as at 30 September 2019, are 86 BCF of natural gas and 0.6 MMbbl of condensate.
  • All produced gas is sold to EGAS, the Egyptian national gas company, at US$2.85/Mcf with Egypt’s share of production standing at 51%.
  • On 7th January 2020, at the time of writing, GMT 09:39 AM, SDX shares were trading at GBX 23.25, up by 1.25 points or 5.68% against the previous day closing price.

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