SDX Energy Inc. PDMR Dealing (4357L)

TIDMSDX

RNS Number : 4357L

SDX Energy Inc.

19 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.

19 July 2017

SDX ENERGY INC.

("SDX" or the "Company")

PDMR Dealing

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company was notified that;

-- David Vernon Richards, Non-executive Director purchased 10,000 Common Shares of SDX Energy Inc. July 17, 2017

Notification Form

 
 1     Details of PDMR / person closely associated with them 
        ("PCA") 
 (a)   Name                             David Vernon Richards 
      -------------------------------  ------------------------------------- 
 (b)   Position/status                  Non-Executive Director 
      -------------------------------  ------------------------------------- 
 (c)   Initial notification/amendment   Initial 
      -------------------------------  ------------------------------------- 
 2     Details of the transaction(s): section to be repeated 
        for (i) each type of instrument; (ii) each type of 
        transaction; (iii) each date; and (iv) each place 
        where transactions have been conducted 
      ---------------------------------------------------------------------- 
 (a)   Description of the               Common Shares of SDX Energy Inc 
        financial instrument 
      -------------------------------  ------------------------------------- 
 (b)   Nature of the transaction        Purchase of Shares 
      -------------------------------  ------------------------------------- 
 (c)   Price(s) and volume(s)            Price(s)       Volume(s) 
                                          CAD$ 0.8100    10,000 
                                                        ---------- 
      -------------------------------  ------------------------------------- 
 (d)   Aggregated information 
        Aggregated volume                  10,000 Shares 
        Price                              CAD$ 0.8100 
      -------------------------------  ------------------------------------- 
 (e)   Date of the transaction          2017-07-17 
      -------------------------------  ------------------------------------- 
 (f)   Place of the transaction         Toronto Stock Exchange - TSXV (XTSX) 
      -------------------------------  ------------------------------------- 
 

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 Executive      Mark Reid 
  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 19, 2017 02:00 ET (06:00 GMT)