{"id":110393,"title":"SDX Energy PLC (AIM:SDX) Contract","publisher":"Share Talk","author":"sharetalk","published":"2023-10-05T08:29:50+00:00","modified":"2023-10-05T08:29:50+00:00","canonical_url":"https://www.share-talk.com/sdx-energy-plc-aimsdx-contract/","markdown_url":"https://www.share-talk.com/sdx-energy-plc-aimsdx-contract.md","json_url":"https://www.share-talk.com/sdx-energy-plc-aimsdx-contract.json","category":"Energy","categories":["Energy"],"tags":["Daniel Gould","Egypt","Gulf of Suez","Ibn Yunus-2","Mark Reid","Morocco","Nile Delta","onshore","SDX","sdx energy","Sobhi discovery","William McAvock"],"featured_image":"https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/10/SDX-5-OCT-2023.jpg?fit=1200%2C800&quality=89&ssl=1","format":"news","language":"en-GB","content":"**SDX/CITIC GAS PREPAYMENT PARTNERSHIP UPDATE  **\n\nSDX is pleased to announce that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms (“HoT”), the prepayment amount of c. $1.9 million has now been received from DIKA MOROCCO AFRICA, a 100%-owned subsidiary of CITIC Dicastal, which is a subsidiary of Citic Group, a Chinese holding company with a corporate portfolio approaching $1 trillion.\n\nThis prepayment shows evidence of a deepening partnership between SDX and CITIC Dicastal, which is the Company’s largest offtaker and has an increasing and immediate demand for SDX’s gas.\n\nThe funds will be used primarily to pay the costs of drilling the KSR-21 well in Morocco.\n\nFor further information:\n\n|   |\n| --- |\n| SDX Energy Plc Daniel Gould, Managing Director William McAvock, Chief Financial Officer Tel: +44 (0) 20 3219 5640 |"}