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

Offshore oil rig
November 01 2018
Calculated EMV10s for the contingent resources stood at US$118mln and US$82mln for the prospective resources
oil and gas operations
July 03 2018
Analyst Ashley Kelty highlighted what could be characterised as favourable environment and opportunity for Rose Petroleum
Argentina
October 24 2018
Echo recently completed a four-well workover campaign at Fraccion D, while earlier in the year four exploration wells were drilled back-to-back.

© Proactive Investors 2018

Proactive Investors 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