SDX Energy Terminates Potential Asset Deal

Oct. 18, 2018 06:32AM PST

SDX Energy has announced that its proposed acquisition of a significant package of assets in Egypt has been terminated by mutual agreement.

SDX Energy (TSXV:SDX,LSE:SDX), a North Africa focused oil and gas company, has announced that its proposed acquisition of a significant package of assets in Egypt from BP (LSE:BP) has been terminated by mutual agreement.

As quoted from the press release:

As the acquisition is no longer proceeding, the suspension of the company’s shares from trading on LSE will be lifted from 7:30am on October 18, 2018. The company has also requested for the restoration of trading on the TSX Venture Exchange.
SDX continues, in line with its stated strategy, to review and pursue inorganic growth opportunities across its areas of operations in North Africa.
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.

Click here to read the full announcement