viewSDX Energy Inc

SDX Energy reports production test success at South Disouq

"We are very pleased with the test results of the SD-3X well as it exceeded our expectations,” said Paul Welch

oil and gas operations
Wells now in place at South Disouq are believed to be sufficient to feed production facilities

SDX Energy Inc (LON:SDX, CVE:SDX) has revealed the success of production testing at the SD-3X appraisal well on the South Disouq field, in Egypt.

The SD-3X well flowed at a maximum rate of 16.1mln cubic feet of gas per day over an eight-hour clean-up, and, following a brief shut-in (with no pressure decline measured), further tests at varied choke sizes recorded rates of 5.3mln and 8.4mln cubic feet per day.

An extended flow test, over 12 hours, saw an average rate of 10.5mln cubic feet per day.

READ: SDX Energy unearths further gas discoveries at South Disouq

The well was then shut-in and suspended awaiting connection to local production facilities.

"We are very pleased with the test results of the SD-3X well as it exceeded our expectations,”  said Paul Welch.

“The well is located the furthest down dip on the structure and had the least amount of pay when compared to the two offset wells.

“We, therefore, limited both the test duration and peak rates to ensure that no damage was done to the well whilst testing it.”

“The well performed in line with the offsets even with the reduced pay section.”

Welch added that SDX is now “very confident” that the wells now in place at South Disouq can satisfy the intended peak capacity at the planned facilities, some 60mln cubic feet per day.

“We intend to connect this well to infrastructure located adjacent to our SD-1X discovery over the coming months,” Welch said.

“We are targeting a late Q4 2018 start-up of production in South Disouq.”

Quick facts: SDX Energy Inc

Price: 20.5 GBX

Market: AIM
Market Cap: £41.97 m

Add related topics to MyProactive

Create your account: sign up and get ahead on news and events


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...

In exchange for publishing services rendered by the Company on behalf of SDX Energy Inc named herein, including the promotion by the Company of SDX Energy Inc in any Content on the Site, the Company receives from...



Investor Update: Tekcapital’s Belluscura set to receive FDA clearance

Top stories from the Proactive Investors UK newsroom. Tekcapital (LON:TEK) says portfolio company Belluscura is set to receive US clearance next year for its patented portable oxygen concentrator. Belluscura’s also raised £725,000 in a funding round at 15p/share. SDX Energy (LON:SDX)...

on 26/6/19

2 min read