TIDMSDX
RNS Number : 5762E
SDX Energy PLC
31 October 2022
THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY
THE COMPANY TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER
THE MARKET ABUSE REGULATION (EU) NO. 596/2014 AS IT FORMS PART OF
UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL) ACT
2018 AS AMENDED.
31 October 2022
SDX ENERGY plc ("SDX" or the "Company")
DIRECTORATE CHANGES
APPOINTMENT OF NON-EXECUTIVE CHAIRMAN
SDX Energy Plc (AIM: SDX), the EMEA-focused energy company , is
pleased to announce the appointment of Jay Bhattacherjee as
Non-Executive Chairman of the Company with immediate effect.
Jay Bhattacherjee holds a B.Sc. in Chemical Engineering with
Petroleum Engineering specialty and has over 20 years' experience
both operating and leading public and private companies in the
energy and natural resources industries with a significant focus on
EMEA, the core operational area for the Company.
Jay was previously Executive Director and CEO of Aminex plc, the
London-listed East African gas company which is delivering on
strategic, operational and commercial initiatives he put in place.
Jay is currently a director of several private companies in the
investment, energy, and defence sectors.
The Company also announces that Catherine Stalker, a
Non-Executive Director of the Company, has decided to step down
from the Board with immediate effect.
Jay Bhattacherjee said:
"I am delighted to join the Board of SDX, which I feel is a
company that has a strong production base, and is materially
undervalued.
"With a clear mandate to grow from shareholders, its existing
gas-weighted production base, expanding cash flows and the
commitment to deliver from its discoveries the Company is poised to
support the energy markets at a time of great need.
"I look forward to the challenge to support your company and
take it to the next level."
Tim Linacre, Interim Chairman of SDX, said:
"I would like to welcome Jay to the Board and look forward to
working with him to deliver on a growth platform. He brings with
him energy, industry knowledge and a strong track record.
"On behalf of the Board, I want to thank Catherine for her
valuable input during her time on the Board and we wish her every
success in her other activities."
Additional Information in respect of the AIM Rules
In accordance with Schedule 2 (g) of the AIM Rules, Jay
Bhattacherjee, aged 44, holds the following directorships and
partnerships:
-- Blixtra Ltd
-- C21 Advisors Ltd
-- Citadel Security Solutions Ltd
-- Guardian Global Securities plc (previously Nu-Oil and Gas Plc)
-- PMA Life Sciences Ltd
-- TerraCreo Ltd
-- Trilogy Assets Ltd
-- Trilogy Ventures Ltd
and has held the following directorships or partnerships in the
past 5 years:
-- Aminex Petroleum Services Ltd
-- Aminex PLC
-- Amossco Holdings Ltd
-- Amossco Ltd
-- Amossco ODS Ltd
-- Canyon Oil & Gas Ltd
-- Canyon Oil & Gas MOL SRL
-- Canyon Oil & Gas Moldova Ltd
-- Canyon Oil and Gas UK Ltd
-- Cascade Group Ltd
-- Ndovu Resources Ltd
-- Osceola Hydrocarbons PLC
-- Osceola Oil and Gas Ltd
-- TJ Holdings Limited
As at the date of this announcement, Jay Bhattacherjee does not
own any ordinary shares in the Company.
Save as set out above there are no further disclosures pursuant
to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for
Companies in respect of the appointment of Jay Bhattacherjee.
About SDX
SDX is an international oil and gas exploration, production, and
development company, headquartered in London, United Kingdom, with
a principal focus on EMEA. In Egypt, SDX has a working interest in
two producing assets: a 36.9% operated interest in the South Disouq
and Ibn Yunus gas fields and a 67.0% operated interest in the Ibn
Yunus North gas field in the Nile Delta and a 50% non-operated
interest in the West Gharib concession, which is located onshore in
the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX
has a 75% working interest in four development/production
concessions, all situated in the Gharb Basin. The producing assets
in Morocco are characterised by attractive gas prices and
exceptionally low operating costs. SDX has a strong weighting of
fixed price gas assets in its portfolio with low operating costs
and attractive margins throughout, providing resilience in a low
commodity price environment. SDX's portfolio also includes high
impact exploration opportunities in both Egypt and Morocco.
For further information, please see the Company's website at
www.sdxenergygroup.com or the Company's filed documents at
www.sedar.com .
Enquiries:
SDX Energy plc
Tim Linacre, Interim Chairman Tel: + 44 (0) 203 219 5640
Stifel Nicolaus Europe Limited (Nominated Adviser and Broker to
SDX)
Callum Stewart Tel: +44 (0) 20 7710 7600
Camarco (Financial PR Adviser to SDX)
Owen Roberts/Violet Wilson/Billy Clegg Tel: +44 (0) 203 757
4980
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END
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