Published on: November 29, 2016

Q3 2016 Results – still on track

SDX Energy released its Q3 2016 results on Friday with the company reporting a small profit of US$0.1 million in the quarter. More importantly, on the operational side the company remains on track. On its Meseda licence, management is completing its final technical review and has started to tender for equipment to increase the facility capacity to allow a doubling of production in 2017. On the South Disouq exploration licence, interpretation of the 3D seismic data is progressing well and initial interpretation has thrown up encouraging signs with a first exploration well expected to be drilled early 2017. Additionally, the company has net cash of US$5 million, leaving it well placed to take advantage of acquisitions that might arise.

Related Content