Sea Dragon Energy is merging with Madison PetroGas. Should the deal close in early October, this would provide the new combined entity, to be named SDX Energy, with improved materiality, a stronger balance sheet and the scale to grow its operations in Egypt. The Company would also offer a high impact portfolio of exploration opportunities in Cameroon and Egypt. Prior to any finalisation of the deal, we maintain our
Speculative Buy recommendation and C$0.10 per share target price.
20 Aug 2015
Sea Dragon (SDX CN): Combines with Madison PetroGas to Create SDX Energy
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Sea Dragon (SDX CN): Combines with Madison PetroGas to Create SDX Energy
SDX Energy PLC (SDX:LON) | 3.6 0 1.4% | Mkt Cap: 7.36m
- Published:
20 Aug 2015 -
Author:
Stephane Foucaud -
Pages:
4
Sea Dragon Energy is merging with Madison PetroGas. Should the deal close in early October, this would provide the new combined entity, to be named SDX Energy, with improved materiality, a stronger balance sheet and the scale to grow its operations in Egypt. The Company would also offer a high impact portfolio of exploration opportunities in Cameroon and Egypt. Prior to any finalisation of the deal, we maintain our
Speculative Buy recommendation and C$0.10 per share target price.