Sdx Energy Inc (UK) (GB:SDX) has released an update.
SDX Energy PLC has successfully received a first payment of $3.5 million from the sale of West Gharib and has paid off its $2.7 million debt with EBRD, improving financial flexibility for future projects. Additionally, the company has renegotiated the terms of its convertible loan agreement with Aleph Finance Ltd, allowing for an extension of the drawdown period and the use of the remaining $750,000 to fund Moroccan drilling and general corporate activities. This financial restructuring aims to enhance shareholder value and support SDX Energy’s growth and energy transition strategies.
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