SDX Energy Inc. Grant of stock options to Non-Executive Directors (9717K)

TIDMSDX

RNS Number : 9717K

SDX Energy Inc.

13 July 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 July 2017

SDX ENERGY INC.

("SDX" or the "Company")

Grant of stock options to Non-Executive Directors

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company announces that it has granted stock options to purchase up to 160,000 common shares of the Company ("Common Shares"), to each of its Non-executive Directors.

Details of the stock options granted and the associated exercise prices, being the share price at the close of trading on the TSX Venture Exchange in Toronto and the AIM Market in London on July 12, 2017 are shown below. The stock options vest over three years and expire on July 12, 2022.

 
 Non-executive    Options granted   Exercise price 
    Director 
---------------  ----------------  --------------- 
 
 Michael Doyle        160,000         CAD$ 0.76 
---------------  ----------------  --------------- 
 David Mitchell       160,000         CAD$ 0.76 
---------------  ----------------  --------------- 
 David Richards       160,000         CAD$ 0.76 
---------------  ----------------  --------------- 
 Michael Raynes       160,000          GBP0.46 
---------------  ----------------  --------------- 
 

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 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. It also has a 55% operated working interest in the South Disouq concession, located in the Nile Delta, where a gas discovery was made by the SD-1X well in 2017. In Morocco, SDX has a 75% working interest in the 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's portfolio also includes high impact exploration opportunities in both 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.

For further information:

 
 SDX Energy Inc. 
  Paul Welch 
  President and Chief     Mark Reid 
  Executive Officer        Chief Financial Officer 
  Tel: [phone]    Tel: [phone] 
 Cantor Fitzgerald Europe (Nominated Adviser 
  & Joint Broker) 
  Sarah Wharry/Craig Francis 
  Tel: [phone] 
 GMP FirstEnergy (Joint Broker) 
  Jonathan Wright/David van Erp 
  Tel: [phone] 
 Celicourt (PR) 
  Mark Antelme/Joanna Boon/Jimmy Lea 
  Tel: [phone] 
 

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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July 13, 2017 06:30 ET (10:30 GMT)