SDX continues with Morocco discoveries

Morocco

LONDON, December 11, 2017 – SDX Energy has made its third gas discovery in as many months in the Sebou permit in Morocco, the Africa-focused E&P company announced on Monday.

The KSR-16 well, which struck 14.2 metres of conventional gas deposits, is set to start producing within a month, the press release added.

“We are pleased to have made another discovery during our ongoing nine well drilling campaign, with this well exceeding our pre-drill net pay estimates by more than 50%. Our drilling activity in Morocco is off to an excellent start and provides us with renewed confidence in the overall programme. The succession of above expectation well results allows us to accelerate our new customer acquisition activities and may result in us bringing forward the start of our forecast increased gas sales,” said Paul Welch, the president and CEO of SDX Energy.