SDX Energy Plc (SDX) 2018年年度报告「LSE」.pdf

1、SDX Energy Inc.2018 Annual ReportDelivering superior results across our North African portfolio2SDX Energy Inc.2018 Q3 Interim ReportHighlights“During 2018,we achieved strong operational success across our portfolio,significantly grew our annual cash flows,achieved our Egyptian production targets an

2、d began to grow our Moroccan business meaningfully.Thus making 2018 another successful year for the Company.In Egypt,we completed our drilling program at South Disouq,with an 80%success rate,and stand poised to achieve first gas from the concession in mid-2019.At Meseda and North West Gemsa we achie

3、ved seven discoveries from seven wells drilled and undertook successful ESP replacement/workover programs in both concessions.We also reduced our trade and other receivables by 36%/US$13.4 million,during the course of the year,allowing us to significantly increase our investment program without requ

4、iring any external funding.This increase has continued post-period end,with a further US$7.65 million of trade receivables in Egypt being offset against costs from State contractors used on the South Disouq development project.In Morocco,we completed our highly successful drilling campaign in-countr

5、y,amassing seven discoveries from nine wells.We also acquired and processed a 240km2 3D seismic program at our Gharb Centre licence,which has yielded further drilling targets for our 12-well drilling campaign,expected to begin in Q3 2019.We also signed gas sales agreements with several new customers

6、,all of which are expected to be highly beneficial to the value of our business in the future.Our focus remains on realizing value for shareholders through low-cost,high-margin production across our current portfolio.We are looking forward to another exciting year in 2019 and will keep all our share