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28May 2016

SDX Energy – Q and A with CEO Paul Welch

sdx

 

With the oil price rising, a few investors may be looking for new opportunities to take advantage off in this turn of events. Enter SDX Energy (SDX), a newly listed company on AIM formed by a merger of Sea Dragon Energy and Madison PetroGas which came to the market on the 20th of May. Whilst most cocktails are drunk by the pool in holiday resorts in Egypt, this looks to a perfect mixture of an exploration company with assets already in production.

A familiar theme of recent ventures on AIM involve raising cash then acquiring assets. This new combination is already ahead of the game, bringing with it already two producing assets

The CEO, Paul Welch, has brought some enthusiasm to the AIM market. The recent placing raised of $11 million was oversubscribed and given the company the opportunity to double its existing production and triple its reserves. Not just content with seeking investor funding, the directors also got involved.

Obviously this story unfolding caught our attention so we took the time to pose some questions to the company which they kindly answered.

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