SDX in new Egypt discovery

LONDON, April 24, 2018 – SDX Energy has made a new North African discovery with an Egypt oil find, the London-based company announced on Tuesday.

Well Rabul-4 in the West Gharib concession struck about 13 metres of oil pay, following the success of well Rabul-5, which encountered 46 metres of heavy oil deposits in the same concession last month.

“We are pleased with the result at Rabul-4, which completes the initial development of the structure that we discovered in October of 2017,” CEO Paul Welch said.

“The four successful wells drilled to date in the Rabul structure will contribute significantly to our production volumes in 2018. The Rabul-5 well was recently put on production, using an ESP completion, and came on at just over 2,000 bopd from the Bakr sand.”

The news came days after SDX announced a “play opening [gas] discovery” in the Lalla Mimouna permit in Morocco.

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