SDX Energy Plc production for the nine months ended 30 September 2019 increases to 3,501 boe/d

  • Nov 22, 2019 GMT
  • Team Kalkine
  • SDX Energy Plc (LON: SDX) has released its financial and operating results for the three and nine months ended 30 September 2019.
  • The production for the nine months ended 30 September 2019 increased to 3,501 boe/d, net to company, compared with 3,455 boe/d for the same period in 2018.
  • Net revenues for the nine months period was of US$38 million, lower by US$2 million or around 5 per cent in the 2018 comparative period.
  • The revenue decline was due to lower net realised average oil/service fees of US$56/boe, compared to US$64/boe in 2018.
  • During the reported nine months period, the company achieved a netback of US$27 million, as compared toUS$31 million achieved in the 2018 comparative period.

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