SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to announce the spud of its KSR-16 well in the Sebou permit in Morocco.
The well is anticipated to take 20-25 days to drill and complete. If successful the well is anticipated to be completed, flow tested and connected to the existing infrastructure. These completion activities are expected to be carried out within 21 days of the drilling rig departing the location. This is the third of a nine well drilling programme on the Company’s Sebou, Gharb Centre and Lalla Mimouna permits in Morocco.
As per the announcement on 13 November 2017, SDX can confirm that its KSR-15 well is currently being connected to the existing infrastructure and is expected to be placed on test production within the next 10 days.
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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