Oil pump

SDX finds more gas in new Morocco structure

Morocco

LONDON, May 8, 2018 – SDX Energy has found 16.4 metres of gas pay in the Lalla Mimouna permit in Morocco, the London-based company announced on Monday.

 

The LMS-1 well built on a “play opening discovery” the company announced in the same permit last month. SDX has made a series of oil and gas discoveries in Egypt and Morocco in recent months, and subsequently on Tuesday, it added in a separate statement that it had spudded a new well in the South Disouq licence in Egypt.

“We are very pleased with the results of this exploration well as it has significantly exceeded our pre-drill estimates for both reservoir quality and pay sand thickness,” said CEO Paul Welch about the Morocco discovery.

“It’s an excellent way to conclude the drilling programme with seven of our nine wells being successful. Most importantly, the results of our last two exploration wells have opened up a very significant new play area for us in the Gharb Basin.”

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