SDX Energy PLC Contract (7423O)
05 Ottobre 2023 - 8:00AM
UK Regulatory
TIDMSDX
RNS Number : 7423O
SDX Energy PLC
05 October 2023
5 October 2023
SDX ENERGY PLC ("SDX" or the "Company")
SDX/CITIC GAS PREPAYMENT PARTNERSHIP UPDATE
SDX 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.
This 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.
The funds will be used primarily to pay the costs of drilling
the KSR-21 well in Morocco.
For further information:
SDX Energy Plc
Daniel Gould, Managing Director
William McAvock, Chief Financial
Officer
Tel: +44 (0) 20 3219 5640
Shore Capital (Nominated Adviser and Broker)
Toby Gibbs/Iain Sexton
Tel: +44 (0) 20 7408 4090
InHouseIR (Investor and Media Relations)
Sarah Dees/Oliver Clark
Email: sdx@inhouseir.com
Tel: +44 (0) 78 8165 0813 / +44 (0) 20 3239 1669
Camarco (PR)
Billy Clegg/Owen Roberts/Violet Wilson
Tel: +44 (0) 20 3757 4980
About SDX
For further information, please see the Company's website at
www.sdxenergygroup.com or the Company's filed documents at
www.sedar.com .
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END
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October 05, 2023 02:00 ET (06:00 GMT)
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