SDX Energy Plc (SDX) 2020年年度报告「LSE」.pdf

1、SDX Energy Plc 2020 Annual Report&AccountsSupplying energy in an environmentally conscious manner to the benefit of all our stakeholders3/SDX Energy Plc/2020 Annual Report“After what has been a very disruptive period for both businesses and people,I am extremely pleased to announce a set of results

2、featuring record production,a strong balance sheet and successful drilling results.Operationally,2020 was a strong year for the Group and although the COVID-19 pandemic contributed to a low oil price environment,SDXs high fixed-price gas assets in both Egypt and Morocco demonstrated the cash-generat

3、ive resilience that exists within our portfolio.While Morocco production saw demand fluctuations early in the period,we are now back to pre-lockdown levels of production with 2021 production expected to be 8-12%higher than in 2020.Our exploration efforts in the period were also positive in both Egyp

4、t and Morocco,with our largest discovery,the SD-12X well in South Disouq,having been brought on stream before the end of the year.As well as adding reserves through the drill bit,the Group also continued to manage its portfolio with the sale of non-core assets in North West Gemsa and South Ramadan,a

5、dding further to the Groups cash and reducing its associated capex.With a 39%increase in EBITDAX from continuing operations to US$32.9 million,our strong focus on capital discipline and our balance sheet stewardship,we have ended the year with a healthy cash balance and clarity over our work program

6、me for the next two years,funded from our cash position.This work programme includes a transformational prospect with the Hanut well having the potential to significantly increase Company reserves.Furthermore,the recently approved ten-year extension of our West Gharib oil concession increases our sh