By Oliver Griffin

SDX Energy Inc. (SDX.V) said Thursday that it has suspended trading of its shares immediately and confirmed that it is in talks with BP PLC (BP.LN) to acquire some of the oil major's assets in Egypt.

The oil-and-gas company made the comments in response to press reports. SDX said the deal would constitute a reverse takeover on AIM rules if successful. A further announcement will be made in due course, it said.

Write to Oliver Griffin at oliver.griffin@dowjones.com; @OliGGriffin

(END) Dow Jones Newswires

September 20, 2018 09:30 ET (13:30 GMT)

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