{"id":652607,"date":"2017-01-15T04:14:21","date_gmt":"2017-01-15T04:14:21","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/"},"modified":"2017-01-15T04:14:21","modified_gmt":"2017-01-15T04:14:21","slug":"sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/","title":{"rendered":"SDX Energy to buy Circle Oil\u2019s assets in Egypt, Morocco"},"content":{"rendered":"

SDX Energy announced it has entered into non-binding heads of terms with Circle Oil to acquire its Egyptian and Moroccan businesses, according to a company disclosure<\/a>. The agreement has a 30-day exclusivity period and is subject to the completion of due diligence, documentation, compliance with all regulatory requirements and conclusion of an equity fundraising. \u201cWe have made clear our firm intentions to create shareholder value by growing SDX into a profitable mid-tier E&P company. Circle\u2019s assets present an attractive opportunity to add material production and reserves at an attractive price,\u201d SDX CEO Paul Welch said, caveating this by noting that there is no certainty the transaction will be completed.<\/p>\n","protected":false},"excerpt":{"rendered":"

SDX Energy announced it has entered into non-binding heads of terms with Circle Oil to acquire its Egyptian and Moroccan businesses, according to a company disclosure. The agreement has a 30-day exclusivity period and is subject to the completion of due diligence, documentation, compliance with all regulatory requirements and conclusion of an equity fundraising. \u201cWe […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7207],"tags":[93,72],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-652607","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"ac670e36-63e2-4db8-8141-1a10b82a722e","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[652576],"teaser":"","voice_url":""},"yoast_head":"\nSDX Energy to buy Circle Oil\u2019s assets in Egypt, Morocco - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDX Energy to buy Circle Oil\u2019s assets in Egypt, Morocco\" \/>\n<meta property=\"og:description\" content=\"SDX Energy announced it has entered into non-binding heads of terms with Circle Oil to acquire its Egyptian and Moroccan businesses, according to a company disclosure. The agreement has a 30-day exclusivity period and is subject to the completion of due diligence, documentation, compliance with all regulatory requirements and conclusion of an equity fundraising. \u201cWe […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2017-01-15T04:14:21+00:00\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"SDX Energy to buy Circle Oil\u2019s assets in Egypt, Morocco\",\"datePublished\":\"2017-01-15T04:14:21+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\"},\"wordCount\":122,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"keywords\":[\"energy\",\"EnterpriseAM\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2017\/01\/15\/sdx-energy-to-buy-circle-oils-assets-in-egypt-morocco\/\",\"name\":\"SDX Energy to buy Circle Oil\u2019s assets in Egypt, Morocco - 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