LNG

Nov 21 (LNGJ) - SDX Energy, the exploration and production company listed in London and Toronto and with recent drilling successes in Morocco, a potential LNG importer, posted third-quarter revenue of $10 million compared with $2.1M in the same three months of 2016. Nine-month revenue was $28.2m versus $7.6M in 2016. “This has been one of the company’s strongest quarters yet,” said SDX Chief Executive Paul Welch. “We announced a successful $10 million fundraise during the period, which allows us to accelerate our drilling programmes in Egypt and Morocco. We have made an excellent start to the Morocco drilling campaign, announcing two discoveries from the first two wells,” added the CEO.