The Board of SDX Energy stated that it is aware of rumors concerning its Egyptian business and confirms that the company has received multiple offers in regard to the sale of its Egyptian assets, which the Board is evaluating.

“Any proposed transaction would be subject to the usual conditions associated with a transaction of this nature, including but not limited to the satisfaction of a number of condition precedents such as government and shareholder approval,” the company said.

SDX Energy stated that it will be providing further details in due course as well as further information on the plans to return value to its shareholders via organic and inorganic growth.