{"id":62133,"title":"SDX Energy PLC (LON:SDX) Successful MSD-19 Well at West Gharib Concession, Egypt","publisher":"Share Talk","author":"sharetalk","published":"2019-09-18T08:16:45+00:00","modified":"2019-09-18T08:16:45+00:00","canonical_url":"https://www.share-talk.com/sdx-energy-plc-lonsdx-successful-msd-19-well-at-west-gharib-concession-egypt/","markdown_url":"https://www.share-talk.com/sdx-energy-plc-lonsdx-successful-msd-19-well-at-west-gharib-concession-egypt.md","json_url":"https://www.share-talk.com/sdx-energy-plc-lonsdx-successful-msd-19-well-at-west-gharib-concession-egypt.json","category":"Energy","categories":["Energy"],"tags":["Egypt","SDX","SDX Energy Plc"],"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","format":"news","language":"en-GB","content":"**Mark Reid, CFO and Interim CEO of SDX, commented:** We are pleased to announce a further drilling success with our MSD-19 well in the West Gharib Concession, which follows the positive result in the Rabul-7 well in June.\n\nThe well was brought online in a timely and cost efficient manner and will provide further support to our 2019 production guidance for this asset of gross 4,000-4,200 bbl/d.\n\nFurther development wells are planned for the Concession in the next 18 months, with the final location of these wells being dependent on government approvals. A further update on future drilling will be provided to the market in due course.\n\n \n\n**Successful MSD-19 Well at West Gharib Concession**\n\n**SDX Energy plc (AIM: SDX),** the North Africa focused oil and gas company, is pleased to announce that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation.\n\nThe well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net heavy oil pay across the Asl Formation, with an average porosity of 24%. The well was completed as a producer, connected to the central processing facilities at Meseda and brought online at an average stabilised rate over five days of approximately 315 bbl/d (gross).\n\n "}