Energy SpA — Director's Dealing 2017

Feb 13, 2017

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RNS Number : 7658W

SDX Energy Inc.

13 February 2017

THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ("MAR"). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ("RIS"), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

13 February 2017

SDX ENERGY INC

("SDX" or the "Company")

Director's Shareholding

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, has been informed by David Richards, a Director of the Company, that on 4 February he purchased 10,000 common shares at C$0.66, on 9 February, he sold 50,000 SDX common shares at C$0.70 and on 10 February he purchased 20,000 common shares C$0.70.  Mr Richards has advised the Company that these transactions are part of a process to consolidate his holdings into a single investment vehicle.  Mr Richards is now beneficially interested in 947,531 SDX common shares. 

About SDX

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX Energy has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the producing Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX Energy's portfolio also includes high impact exploration opportunities in Egypt and Morocco.

For further information, please see the website of the Company at www.sdxenergy.com or the Company's filed documents at www.sedar.com. 

Inside Information

The information contained in this announcement is inside information.  If you have any queries on this, then please contact Mark Reid, the Chief Financial Officer and Director of the Company (responsible for arranging release of this announcement) at 38 Welbeck Street, London, W1G 8DP on +44 (0) 203 219 5640.

For further information:

SDX Energy Inc. Paul Welch President and Chief Executive Officer Tel: +44 203 219 5640		Mark Reid Chief Financial Officer Tel: +44 203 219 5640
Cantor Fitzgerald Europe (Nominated Adviser & Joint Broker) Sarah Wharry/Craig Francis Tel: +44 207 7894 7000
FirstEnergy Capital LLP (Joint Broker) Jonathan Wright/David van Erp Tel: +44 207 448 0200
Celicourt  (PR) Mark Antelme/ Joanna Boon / Jimmy Lea Tel: +44 207 520 9260

Neither the TSX Venture Exchange nor its Regulation Services Provider (as such term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This information is provided by RNS

The company news service from the London Stock Exchange

END

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