Sign up UNITED KINGDOM
Proactive Investors - Run By Investors For Investors

SDX Energy declares another new gas discovery onshore Morocco

"We are pleased to be announcing another successful result from our Moroccan drilling campaign," said chief executive Paul Welch
oil and gas operations
The well encountered four intervals, for total net pay of 17.2 metres

SDX Energy Inc (LON:SDX, TSE:SDX) has announced its latest new discovery, with the KSR-15 well at the Sebou project, onshore Morocco, unearthing gas across four intervals.

KSR-15 was drilled to a depth of 1,774 metres and encountered total net conventional gas pay of some 17.2 metres.

READ: SDX Energy kicks off KSR-15 well at Sebou project

In the primary target, the Hoot sand, the average porosity was measured at 29% which is the highest reading for that interval in the basin and the company highlights that the Hoot target has exceeded its pre-drill expectations.

SDX expects to put KSR-15 in production by early December, with operations to connect the well to nearby infrastructure expected to take place as soon as the drill rig is demobilised.

Meanwhile, the previously drilled KSR-14 well is now connected to the production infrastructure, and it is due to be tested later this week.

WATCH: SDX Energy's Paul Welch confident of strong flow rates from latest Morocco discovery

"We are pleased to be announcing another successful result from our Moroccan drilling campaign as we continue to build real momentum with this programme,” said Paul Welch, SDX chief executive.

“It is also very encouraging to have connected the first well and I look forward to reporting on the test results in due course.

He added: “These first two successful wells keep moving us closer to achieving our target of increasing local gas sales volumes in Morocco by up to 50% in 2018."

View full SDX profile View Profile

SDX Energy Inc Timeline

Related Articles

UtilityMeter.jpg
November 25 2016
During its last fiscal year, OPG generated a record 3.2 billion units of electricity.
Iodine plant
September 14 2017
Shares in the AIM-listed group soared 20% higher on Tuesday after it said the new IO#7 plant will be based around its existing IO#3 operations in Oklahoma - hitherto Iofina’s highest cost per kilo plant
petsec-energy-Maki-Petkovski-CEO-presenting-Melb-Jan-2017-757.png
February 03 2017
Maki Petkovski discussed cash flow generating assets and Yemen.

No investment advice

The Company is a publisher. You understand and agree that no content published on the Site constitutes a recommendation that any particular security, portfolio of securities, transaction, or investment strategy is suitable or advisable for any specific person. You further understand that none of the information providers or their affiliates will advise you personally concerning the nature, potential, advisability, value or suitability of any particular security, portfolio of securities, transaction, investment strategy, or other matter.

You understand that the Site may contain opinions from time to time with regard to securities mentioned in other products, including company related products, and that those opinions may be different from those obtained by using another product related to the Company. You understand and agree that contributors may write about securities in which they or their firms have a position, and that they may trade such securities for their own account. In cases where the position is held at the time of publication and such position is known to the Company, appropriate disclosure is made. However, you understand and agree that at the time of any transaction that you make, one or more contributors may have a position in the securities written about. You understand that price and other data is supplied by sources believed to be reliable, that the calculations herein are made using such data, and that neither such data nor such calculations are guaranteed by these sources, the Company, the information providers or any other person or entity, and may not be complete or accurate.

From time to time, reference may be made in our marketing materials to prior articles and opinions we have published. These references may be selective, may reference only a portion of an article or recommendation, and are likely not to be current. As markets change continuously, previously published information and data may not be current and should not be relied upon.

© Proactive Investors 2017

Proactive Investor UK Limited, trading as “Proactiveinvestors United Kingdom”, is Authorised and regulated by the Financial Conduct Authority.
Registered in England with Company Registration number 05639690. Group VAT registration number 872070825 FCA Registration number 559082. You can contact us here.

Market Indices, Commodities and Regulatory News Headlines copyright © Morningstar. Data delayed 15 minutes unless otherwise indicated. Terms of use