SDX scores in a new Egypt well

Egypt

LONDON, July 23, 2018 – SDX Energy has discovered about 10 metres of net gas pay in a well in Egypt, the London-based company announced on Monday.

The find in well SD-3X in the South Disouq licence follows a series of discoveries by SDX, both in Egypt and in Morocco. It is the fourth well drilled in the same permit, where the company expects to start producing gas by the end of the year.

“The discovery of gas in both the Abu Madi and Kafr el Sheik horizons is a very positive outcome for the SD-3X well,” said CEO Paul Welch. “As demonstrated by the Ibn Yunus discovery earlier this year, the Kafr el Sheik horizon is an excellent quality productive sequence. The SD-3X discovery has confirmed that this horizon is extensively present throughout the concession.”

Read our latest insights on:

• Egypt

Previous

Energy Commercial Bank seeks Ghana's SEC approval

Next

Sonangol extends bid deadline