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SDX Energy back in execution phase after US$10mln raise

Paul Welch, chief executive of SDX Energy Inc (LON:SDX, CVE:SDX), talks through their US$10mln of new cash which was raised through an oversubscribed placing.

The injection of capital is earmarked for the acceleration of the group’s exploration and appraisal of the South Disouq asset, where a well last year confirmed a new gas discovery, in addition to the development drilling programmes in Morocco.

 

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