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    SDX Energy Inc. Commencement of operations at ELQ-1 well, Morocco

    23 Dec 2017

    THE INFORMATION CONTAINED WITHIN THIS ANNOUNCEMENT IS DEEMED BY SDX TO CONSTITUTE INSIDE INFORMATION AS STIPULATED UNDER THE MARKET ABUSE REGULATION (EU) NO. 596/2014 ('MAR'). ON THE PUBLICATION OF THIS ANNOUNCEMENT VIA A REGULATORY INFORMATION SERVICE ('RIS'), THIS INSIDE INFORMATION IS NOW CONSIDERED TO BE IN THE PUBLIC DOMAIN.

    22 December 2017

    SDX ENERGY INC.

    ('SDX' or the 'Company')

    Commencement of operations at ELQ-1 well, Morocco

    SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, has commenced well operations on its ELQ-1 well on the Gharb Centre permit in Morocco.

    The ELQ-1 well is the fourth well in the Company's nine well campaign and the first of two commitment wells planned on the Gharb Centre permit, which was acquired in June 2017 after the acquisition of Circle Oil's assets in Egypt and Morocco in January 2017. The Gharb Centre permit is adjacent to the Company's Sebou permit with the ELQ-1 location being approximately 400 meters from the existing Sebou infrastructure. The well is anticipated to take 15-20 days to drill and if successful will be completed, flow tested and connected to existing infrastructure.

    The KSR-16 well is expected to be completed and connected to existing infrastructure next week. After the connection is completed the well is expected to be tested and the results reported in a subsequent release.

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