SDX Energy Advances Strategy with Asset Sale and Moroccan Growth

SDX Energy (GB:SDX) has released an update.

SDX Energy PLC reported its unaudited interim financial results for the first half of 2024, highlighting strategic advancements such as the sale of its West Gharib assets in Egypt and progress in its Moroccan operations. The company repaid its outstanding EBRD lending facility with the first installment from the asset sale, and subsequently renegotiated a convertible loan to support capital expenditures and general expenses. SDX Energy, as the sole independent gas producer in Morocco, is aligning its operations to meet the region’s growing energy demand, while maintaining its commitment to creating shareholder value.

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