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SDX Energy Terminates Proposed BP Egypt Acquisition

18/10/2018

SDX Energy Inc., the North Africa focused oil and gas company, announces that, further to the announcement made on 20 September 2018, discussions regarding its proposed acquisition of a significant package of assets in Egypt from BP have been terminated by mutual agreement.

As the Acquisition is no longer proceeding, the suspension of the Company's shares from trading on AIM will be lifted from 7.30am on 18 October 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.

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