Egypt: SDX in talks for BP assets


Issue 377 - 28 Sep 2018 | 1 minute read

SDX Energy confirmed on 20 September that it was in discussions with BP for the potential acquisition of a “significant package of assets”. The potential acquisition is large enough to be considered a reverse takeover under AIM rules and SDX shares have been suspended on AIM and the TSX Venture Exchange.SDX has been looking for further expansion opportunities in Egypt after acquiring Circle Oil’s assets in Egypt and Morocco in January 2017.

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