{"id":13991,"date":"2023-10-06T06:41:53","date_gmt":"2023-10-06T06:41:53","guid":{"rendered":"https:\/\/www.oilnewskenya.com\/?p=13991"},"modified":"2023-10-06T06:42:56","modified_gmt":"2023-10-06T06:42:56","slug":"morocco-sdx-energy-receives-1-9-million-from-citic-group","status":"publish","type":"post","link":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-receives-1-9-million-from-citic-group\/","title":{"rendered":"MOROCCO: SDX Energy Receives $1.9 million from Citic Group"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">SDX has announced that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms (HoT), the prepayment amount of c. $1.9 million has now been received from DIKA MOROCCO AFRICA, a 100%-owned subsidiary of CITIC Dicastal, which is a subsidiary of Citic Group, a Chinese holding company with a corporate portfolio approaching $1 trillion.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">This prepayment shows evidence of a deepening partnership between SDX and CITIC Dicastal, which is the Company&#8217;s largest offtaker and has an increasing and immediate demand for SDX&#8217;s gas.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The funds will be used primarily to pay the costs of drilling the KSR-21 well in Morocco.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>SDX has announced that, further to its announcement on 13 September 2023 where the Company announced a Gas Prepayment Heads of Terms (HoT), the prepayment amount of c. $1.9 million &hellip; <a href=\"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-receives-1-9-million-from-citic-group\/\" class=\"more-link\">Read More<\/a><\/p>\n","protected":false},"author":24,"featured_media":13992,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[7442,7446,11],"tags":[],"class_list":["post-13991","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-countries","category-north-africa","category-top-news","entry"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy.jpg?fit=2048%2C1407&ssl=1","jetpack_shortlink":"https:\/\/wp.me\/p5JWkQ-3DF","jetpack-related-posts":[{"id":13942,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-enters-gas-prepayment-heads-of-terms-with-citic-dicastal\/","url_meta":{"origin":13991,"position":0},"title":"MOROCCO: SDX Energy Enters Gas Prepayment Heads of Terms with\u00a0Citic Dicastal\u00a0","author":"","date":"September 13, 2023","format":false,"excerpt":"The Company is pleased to announce that it has entered into a non-binding HoT with DMA, its largest offtaker, to prepay for SDX's gas deliveries in\u00a0Morocco. The initial terms of the agreement envisage draw down of c.\u00a0$2 million\u00a0by the end of\u00a0September 2023. These funds are planned to be used towards\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14070,"url":"https:\/\/www.oilnewskenya.com\/index.php\/sdx-to-divest-its-egyptian-assets-to-focus-on-growing-its-moroccan-operations\/","url_meta":{"origin":13991,"position":1},"title":"SDX to Divest its Egyptian Assets to Focus on Growing its Moroccan operations","author":"","date":"November 27, 2023","format":false,"excerpt":"\u00b7\u00a0\u00a0\u00a0\u00a0Daniel Gould, the new CEO, is leading the evolution of SDX away from a pure oil & gas business into an integrated, hybrid energy-provider in\u00a0Morocco\u00a0- becoming a strategic regional player in the energy transition sector. \u00b7\u00a0\u00a0\u00a0\u00a0SDX is divesting its Egyptian assets - to focus on growing its Moroccan operations and\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/EGYPT-SDX-Energy.png?fit=1200%2C1037&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/EGYPT-SDX-Energy.png?fit=1200%2C1037&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/EGYPT-SDX-Energy.png?fit=1200%2C1037&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/EGYPT-SDX-Energy.png?fit=1200%2C1037&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/11\/EGYPT-SDX-Energy.png?fit=1200%2C1037&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":14028,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-completes-testing-operations-on-the-ksr-21-well\/","url_meta":{"origin":13991,"position":2},"title":"MOROCCO: SDX Energy Completes Testing Operations on the KSR-21 well","author":"","date":"October 31, 2023","format":false,"excerpt":"SDX has announced the completion of testing operations on the KSR-21 well in\u00a0Morocco. The well,\u00a0targeting a prospect within the Hoot formation, was drilled to a total vertical depth of 1,955 meters. The well test resulted in a flow rate of approximately 4 MMcf\/d (on 1\/4 inch choke) during the test\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/10\/Morocco-SDX-Energy-1.jpg?fit=1200%2C824&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13970,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-provides-ksiri-21-well-update\/","url_meta":{"origin":13991,"position":3},"title":"MOROCCO: SDX Energy Provides KSIRI-21 Well Update","author":"","date":"September 28, 2023","format":false,"excerpt":"SDX Energy has announced that the KSR-21 well has reached its total vertical depth of 1,955 metres (1,966 metres measured depth)\u00a0targeting a prospect within the Hoot formation, which is one of the main producing formations in the area, in Sebou Central of the Gharb Basin, Morocco. Drilling and wireline logging\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-2.jpg?fit=1200%2C824&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-2.jpg?fit=1200%2C824&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-2.jpg?fit=1200%2C824&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-2.jpg?fit=1200%2C824&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy-2.jpg?fit=1200%2C824&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":13922,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-spuds-ksiri-21-well\/","url_meta":{"origin":13991,"position":4},"title":"MOROCCO: SDX Energy Spuds Ksiri-21\u00a0Well\u00a0","author":"","date":"September 4, 2023","format":false,"excerpt":"SDX Energy has announced that it has commenced drilling the Ksiri-21 well in\u00a0Sebou Central of the Gharb\u00a0Basin,\u00a0Morocco.\u00a0 The\u00a0vertical development\u00a0well\u00a0will be\u00a0drilled to a\u00a0planned\u00a0total depth of\u00a0approximately 1,950\u00a0metres.\u00a0Using existing 3D seismic,\u00a0the well is\u00a0targeting a well-defined prospect within the main Hoot formation, which is the main producing sand in the area. SDX has drilled\u2026","rel":"","context":"In &quot;North Africa&quot;","block_context":{"text":"North Africa","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/north-africa\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2023\/09\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":11188,"url":"https:\/\/www.oilnewskenya.com\/index.php\/morocco-sdx-energy-spuds-ksr-19-well-commences-2nd-phase-drilling-campaign\/","url_meta":{"origin":13991,"position":5},"title":"MOROCCO: SDX Energy Spuds KSR-19 well Commences 2nd Phase Drilling Campaign","author":"","date":"November 19, 2021","format":false,"excerpt":"SDX Energy has commenced the second phase of its 2021 drilling campaign in Morocco, with the spud of the KSR-19 well. KSR-19 will be followed by the SAK-1 well which, if successful, will open a new exploration area for SDX in the Company's Lalla Mimouna Sud concession.\u00a0 Mark Reid, CEO\u2026","rel":"","context":"In &quot;Countries&quot;","block_context":{"text":"Countries","link":"https:\/\/www.oilnewskenya.com\/index.php\/category\/countries\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/www.oilnewskenya.com\/wp-content\/uploads\/2021\/11\/Morocco-SDX-Energy.jpg?fit=1200%2C824&ssl=1&resize=1050%2C600 3x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13991","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/users\/24"}],"replies":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/comments?post=13991"}],"version-history":[{"count":1,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13991\/revisions"}],"predecessor-version":[{"id":13993,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/posts\/13991\/revisions\/13993"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media\/13992"}],"wp:attachment":[{"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/media?parent=13991"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/categories?post=13991"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.oilnewskenya.com\/index.php\/wp-json\/wp\/v2\/tags?post=13991"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}