{"id":653092,"date":"2017-01-29T05:50:47","date_gmt":"2017-01-29T05:50:47","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/sdx-energy-prices-circle-oils-assets-in-egypt-morocco-at-usd-30-mn-in-cash\/"},"modified":"2017-01-29T05:50:47","modified_gmt":"2017-01-29T05:50:47","slug":"sdx-energy-prices-circle-oils-assets-in-egypt-morocco-at-usd-30-mn-in-cash","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/01\/29\/sdx-energy-prices-circle-oils-assets-in-egypt-morocco-at-usd-30-mn-in-cash\/","title":{"rendered":"SDX Energy prices Circle Oil\u2019s assets in Egypt, Morocco at USD 30 mn in cash"},"content":{"rendered":"

SDX Energy said it is proposing to acquire the oil and gas assets of Circle Oil in Egypt and Morocco for a total cash consideration of USD 30 mn, Reuters<\/a> reported. SDX had announced entering into a non-binding heads of terms with Circle Oil for the acquisition in mid-January<\/a>. In Egypt, SDX will acquire a 40% interest in North West Gemsa concession, in which it currently holds a 10% stake as part of the agreement. The company will finance the acquisition through conditional placing of new common shares in SDX at a placing price of 30 pence per placing share.<\/p>\n","protected":false},"excerpt":{"rendered":"

SDX Energy said it is proposing to acquire the oil and gas assets of Circle Oil in Egypt and Morocco for a total cash consideration of USD 30 mn, Reuters reported. SDX had announced entering into a non-binding heads of terms with Circle Oil for the acquisition in mid-January. In Egypt, SDX will acquire a […]<\/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-653092","post","type-post","status-publish","format-standard","hentry","category-energy","tag-energy","tag-enterpriseam","wpautop","entry"],"acf":{"mongo_id":"a3bc5cc8-4a19-47d7-b489-fa8f6d83b60a","order":"0","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[653062],"teaser":"","voice_url":""},"yoast_head":"\nSDX Energy prices Circle Oil\u2019s assets in Egypt, Morocco at USD 30 mn in cash - 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\/29\/sdx-energy-prices-circle-oils-assets-in-egypt-morocco-at-usd-30-mn-in-cash\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"SDX Energy prices Circle Oil\u2019s assets in Egypt, Morocco at USD 30 mn in cash\" \/>\n<meta property=\"og:description\" content=\"SDX Energy said it is proposing to acquire the oil and gas assets of Circle Oil in Egypt and Morocco for a total cash consideration of USD 30 mn, Reuters reported. 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The company concluded a twelve-well program at North West Gemsa, which should allow it to achieve its 5,000 boepd target for the year, in addition to finalizing the expansion of a processing facility at its Meseda project by\u2026","rel":"","context":"In "Energy"","block_context":{"text":"Energy","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/energy\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":624918,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/09\/23\/sdx-in-talks-with-bp-to-acquire-assets-in-egypt\/","url_meta":{"origin":653092,"position":2},"title":"SDX in talks with BP to acquire assets in Egypt","author":"enterpriseam admin","date":"23 September 2018","format":false,"excerpt":"**#6 M&A WATCH- SDX in talks with BP to acquire assets in Egypt: SDX Energy announced on Thursday that it was in open talks with BP to acquire \u201ca significant package of [its] assets in Egypt.\u201d It\u2019s not immediately clear which assets SDX hopes to acquire, but the company said\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":623059,"url":"https:\/\/enterpriseam.com\/egypt\/2018\/10\/21\/sdx-bp-fail-to-reach-agreement-on-egypt-assets\/","url_meta":{"origin":653092,"position":3},"title":"SDX, BP fail to reach agreement on Egypt assets","author":"enterpriseam admin","date":"21 October 2018","format":false,"excerpt":"** #4 M&A WATCH- BP talks to sell Egypt assets to SDX fail. SDX Energy has \u201cterminated\u201d talks to acquire BP\u2019s Egypt assets after failing to reach an agreement, the company said in a statement on Thursday (pdf). SDX gave no color on why the talks broke down. 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