Oil Egypt accountACCOUNT King Tut

Update on the South Disouq Development Project

Source: www.gulfoilandgas.com 4/8/2019, Location: Egypt

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SDX Energy plc announces, the current targeted start-up date for gas production at South Disouq of mid-year 2019 is based on an overall development concept, whereby an Early Production Facility (“EPF”) will be leased to process the produced gas, prior to completion of the main Central Gas Processing Facility. At present, the final commercial terms of the EPF have yet to be agreed. If ultimately an EPF is not secured, the start-up date for gas production will be delayed until the completion of the main Central Gas Processing Facility, currently expected in Q4 2019.

Paul Welch, President & CEO of SDX Canada, commented: “The potential delay to Q4 2019 for first gas in South Disouq is disappointing. Discussions on the merits of the EPF are ongoing, and we will advise the market when a final decision has been reached.”

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