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.
LONDON, Nov. 12, 2019 /CNW/ - SDX Energy Plc (AIM:
SDX), the MENA-focused oil and gas company, is pleased to announce
the appointment of Mark Reid as CEO
of SDX on a permanent basis, having acted as interim CEO since
May 2019.
In addition, the Board has appointed Nicholas ("Nick") Box to the position of CFO and
Director. Nick has served as Group Financial Controller of SDX
since October 2016, having previously
spent over 10 years working at PwC with a focus on the natural
resources sector. Nick holds the ACA qualification with the
Institute of Chartered Accountants in England and Wales.
Michael Doyle, Non-Executive
Chairman of SDX, commented:
"We are very pleased to appoint Mark to the role of
CEO on a permanent basis. Mark has successfully delivered a
number of key milestones since taking over as Interim CEO,
including; achieving first gas at South Disouq, Egypt, and the commencement of the Company's
drilling campaign in Morocco last
month. Mark has the full support of the Board and we remain
very positive about the Company's growth trajectory.
I would also like to welcome Nick
Box to the Board. Nick brings with him a wealth of
experience from his time at PwC and he has played a very important
role since joining the Company in 2016."
Nicholas James Box, aged 35, has
held the following directorships and/or partnerships in the past
five years:
Current
Directorships/Partnerships
|
Previous
Directorships/Partnerships
|
SDX Energy
Investments (UK) Limited
|
None
|
Sea Dragon Energy
(UK) Limited
|
|
SDX Energy Morocco
(UK) Limited
|
|
SDX Energy Morocco
(Jersey) Limited
|
|
Sea Dragon
Cooperatieve U.A
|
|
Sea Dragon Energy
Holding B.V
|
|
SDX Energy Egypt
(Nile Delta) B.V
|
|
Sea Dragon Energy (NW
Gemsa) B.V
|
|
SDX Energy Egypt
(Jersey) Limited
|
|
Sea Dragon Energy
(Nile) B.V
|
|
Sea Dragon Energy
(GOS) B.V
|
|
Sea Dragon Energy
Holding Limited
|
|
National Petroleum
Company Shukheir Marine Limited
|
|
National Petroleum
Company South Ramadan Limited
|
|
Nick holds 20,030 ordinary shares in the Company.
There are no further disclosures required to be made pursuant to
Schedule 2 paragraph (g) of the AIM Rules.
About SDX
SDX is an international oil and gas exploration, production and
development company, headquartered in London, United Kingdom, with a principal focus
on MENA. In Egypt, SDX has a
working interest in three producing assets. In the South
Disouq gas field in the Nile Delta, the Company has a 55% operated
interest. In the Eastern Desert, adjacent to the Gulf of
Suez, the Company has two non-operated oil interests; 50% in North
West Gemsa and 50% in Meseda. In Morocco, SDX has a 75% working interest in the
Sebou concession, situated in the Gharb Basin. These producing gas
assets in Morocco are
characterised by exceptionally low operating costs and fixed priced
gas contracts making them particularly resilient in a low oil price
environment. SDX's portfolio also includes high impact exploration
opportunities in both Egypt and
Morocco.
For further information, please see the Company's website at
www.sdxenergy.com or the Company's filed documents at
www.sedar.com.
SOURCE SDX Energy Inc.