SDX Energy – Low Cost Production Combined With High Impact Exploration
SDX Energy is an international E&P business based on low cost production growth combined with high impact exploration.
SDX Energy is an Egypt focused production growth story with transformational exploration upside, formed in October of 2015 with the merger of Madison Petrogas and Sea Dragon Energy who are now listed on TSX-V and AIM. Their intention is to increase shareholder value through growth in production, reserves and cash flow.
SDX Energy’s strategy is simple: “Create value through low cost production growth”. The company is underpinned by a portfolio of low cost producing assets in onshore Egypt combined with high impact exploration prospects in both Egypt and Cameroon.
The Company intends to organically increase production and cash flow generation through a fully funded and active work programme consisting of work-over and development wells in its existing assets combined with high impact exploration drilling.
SDX Energy also intends to leverage its strong balance sheet, early mover advantage and regional network to grow through the acquisition of undervalued and/or underperforming producing assets in onshore Egypt.
SDX Energy maintains a strict financial discipline to ensure an efficient use of funds. The medium-term objective is to achieve production of 3-5kboe/d through the implementation of this stated strategy whilst the long-term objective is to become a material full cycle E&P Company with production in excess of 20kboe/d.