SDX Energy Inc. provided a 2018 operational outlook. Morocco (75% Working Interest): Given continued drilling success, 2018 gross production is targeted to increase in line with new customer tie-ins. Depending on timing of tie-ins, SDX is targeting gross production of 8-10mmscf/d of conventional natural gas by the end of 2018; SDX's nine well Moroccan drilling programme continues in 2018, with the tie-in and testing of the most recent discovery, ONZ-7, the drilling of two development wells (KSS-2 and SAH-1) and the drilling of two exploration wells (LNB-1 and LMS-1); Including ONZ-7, the gross drilling cost for these wells inclusive of customer tie-ins, is expected to be approximately $13.0 million; and In addition, SDX plans to shoot 240km2 of 3D seismic in its Rharb Centre concession at an estimated cost of $6.5 million. Egypt -Meseda Concession (50% Working Interest/19.25% Economic Interest): 2018 gross production guidance is increased to 3,800bopd; SDX plans to drill four wells in 2018. Two wells to develop the Rabul discoveries (Rabul-3 and Rabul-4) and two wells to maintain production in the wider Meseda area (Infill Producer-1 and Infill Producer-2); The company also aims to replace up to five ESPs in the wider Meseda area; and Gross Meseda capex in 2018 is expected to be approximately $6.0 million (SDX 50% share). Egypt - North West Gemsa Concession(50% Working Interest): SDX intends to maintain gross 2018 production at 2017 levels, targeting 4,422boepd; To achieve this production it is planned to drill two wells (AASE-25 and AASE-27), and undertake seven well workovers; The expected gross cost of the two wells including processing facility tie-ins is $6.6 million with the seven workovers expected to cost gross $1.7 million (SDX 50% share). Egypt - South Disouq Concession (55% Working Interest): Up to four wells planned in the first half of 2018 with estimated gross capex of approximately $12.0 million (SDX share 55%). Two exploration wells (Ibn Yunus-1X and Kelvin-1X); Two development wells (SD-4X and SD-3X); Upon success of SD-4X and SD-3X, SDX expects to complete construction of a 10km pipeline to the regional gas grid, together with the SD-1X processing facility. Gross capex is estimated at approximately $15.0 million, subject to completion of tenders (SDX share 55%); and Ibn Yunus-1X and Kelvin-1X are targeting up to 150bcf in separate structures from the SD-1X discovery. If successful, volumes will be tied back to the SD-1X processing facility and flow through the 10km pipeline directly to the regional gas grid. Given the above, and assuming all necessary approvals are obtained, first gas is targeted mid-2018, with approximately 50mmscf/d expected from three wells in the SD-1X discovery structure. The gas price is still under negotiation. Annual gross opex, including processing facility rental cost, is predominantly fixed and estimated at approximately $6.0 million, subject to completion of tenders (SDX share 55%). In 2018, the company will look to make further reductions in its backdated Egyptian receivables balance. Commitment well in South Ramadan offshore concession (SDX share 12.75%) expected to be drilled in 2018. SDX's share of the cost expected to be approximately $3 million.