---
title: "SDX Energy Inc (TSXV, AIM: SDX) Result of KSS-2 well, Morocco"
publisher: "Share Talk"
author: "sharetalk"
published: "2018-02-21T10:23:14+00:00"
modified: "2018-02-21T10:23:14+00:00"
date: 2018-02-21
canonical: "https://www.share-talk.com/sdx-energy-inc-tsxv-aim-sdx-result-of-kss-2-well-morocco/"
category: "Energy"
categories: ["Energy"]
tags: ["oil", "SDX", "sdx energy"]
image: "https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1"
format: "news"
language: "en-GB"
---

# SDX Energy Inc (TSXV, AIM: SDX) Result of KSS-2 well, Morocco

**Published:** February 21, 2018
**Author:** sharetalk
**Categories:** Energy
**Tags:** oil, SDX, sdx energy
**Featured image:** ![](https://i0.wp.com/www.share-talk.com/wp-content/uploads/2023/11/Stencil-Google-Chrome-2023-04-19-at-2.47.43-PM.jpeg?fit=1231%2C615&quality=89&ssl=1)

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SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that the KSS-2 well on the Sebou permit in Morocco was drilled to a total depth of 1293 meters encountering 8 net meters of high quality reservoir interval in the Gaddari and Guebbas sequences with an average porosity of 30%.  However, whilst the intervals came in on prognosis, they had low gas saturation and were not deemed to be commercial.

 

The KSS-2 well is the sixth in the Company’s current nine well campaign, of which four wells have been commercial discoveries.  As a result of the campaign’s success to date, the result of the KSS-2 well is not expected to impact the Company’s previously announced planned production increase in Morocco in 2018.

 

Unlike the previously drilled targets, the KSS-2 prospect was on the upthrown side of the main bounding fault in the Ksiri area.  This fault appears to have isolated the KSS-2 well from the source rock, resulting in low gas saturations.  The next well in the campaign, the SAH-2 well, will be located on the downthrown side of the fault, drilling a similar structure to the Company’s recently successful wells.  The Company therefore believes that the reservoirs targeted by the SAH-2 well will have a higher probability of being commercially charged than the KSS-2 well.

 

The KSS-2 well will now be plugged and abandoned and the drilling rig will move to the SAH-2 drilling location.

 

**Paul Welch, President and CEO of SDX, commented:**

 

“Whilst the KSS-2 well was not a commercial success, we are viewing this one result in the context of what is already a very successful drilling campaign with four out of six discoveries to date. Using directional drilling equipment for the first time in the basin, we drilled a step out location in order to try to prove up a new concept, and potentially new volumes.  Whilst KSS-2 was not successful, our belief is that this result proves that the main bounding fault provides a good seal and therefore gives us a further confidence in the forthcoming prospects. We are looking forward to drilling the final three wells in this programme and reporting on their results in due course.”

**About SDX**

 

SDX is an international oil and gas exploration, production and development company, headquartered in London, England, UK, with a principal focus on North Africa. In Egypt, SDX has a working interest in two producing assets (50% North West Gemsa & 50% Meseda) located onshore in the Eastern Desert, adjacent to the Gulf of Suez. In Morocco, SDX has a 75% working interest in the Sebou concession situated in the Rharb Basin. These producing assets are characterised by exceptionally low operating costs making them particularly resilient in a low oil price environment. SDX’s portfolio also includes high impact exploration opportunities in both Egypt and Morocco.

 

For further information, please see the website of the Company at [www.sdxenergy.com](http://www.sdxenergy.com/) or the Company’s filed documents at [www.sedar.com](http://www.sedar.com/). 

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