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SDX Energy spuds appraisal well at South Ramadan project

A 90 day programme will fulfill the work commitments for the South Ramadan concession
oil and gas operations
SDX owns a 12.75% stake in the well

SDX Energy Inc (LON:SDX, CVE:SDX) has announced the spudding of the SRM-3 appraisal well onshore Egypt.

The well is following up previous exploration success at the 12.75% owned South Ramadan project.

WATCH: SDX Energy to make 2017 assets cash-generating in 2018

It will seal the group’s participation in the asset, as it is the final commitment well for the South Ramadan concession.

Drilling and completion operations are expected to run for around 90 days.

“Based upon the results of this well the company will decide how best to optimise its position in the licence,” SDX said in a statement. 

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