SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, has spud its KSS-2 development well on the Sebou permit in Morocco.
The KSS-2 well is the sixth in the Company’s nine well campaign. The well is anticipated to take 10-15 days to drill and if successful is expected to be completed, flow tested and connected to existing infrastructure in the near term.
The recently drilled ONZ-7 well will be completed today and will commence test production early next week. SDX expects to provide a further update on testing results later this month.
Paul Welch, ceo SDX Energy talks to Malcolm Graham-Wood of Malcy’s Blog about the firm’s onshore gas operations in North Africa. He talks us through the progress of its latest drilling efforts in Morocco and its plans for Egypt as well as the firm’s offshore growth potential.
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.
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