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  • SDX: Result of Flow Test at Ibn Yunus-1X Discovery
    édité le 18/05/2018 - Plus de news de "SDX" - Voir la fiche entreprise de "SDX"


SDX: Result of Flow Test at Ibn Yunus-1X Discovery
SDX Energy Inc., the North Africa focused oil and gas company, is very pleased to announce the positive results of the well test conducted on the Ibn Yunus 1X well following the recent conventional natural gas discovery at South Disouq, Egypt (SDX 55% working interest and operator).

The Ibn Yunus 1X well was drilled to a total depth of 9,608ft, and encountered 100.8 ft. of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%.

Well test operations have now commenced and the well has successfully flowed natural gas at a stabilised rate of 39.3 MMscf/d on a 32/64” choke. This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken.

Working with its partners, SDX will now aim to bring the discovery into commercial production prior to year end 2018.

Paul Welch, President and CEO of SDX, commented:
"The flow test from Ibn Yunus 1X is a very positive outcome which has exceeded our expectations and is a strong endorsement of the significant potential of the licence. We remain optimistic about further positive news flow as we move towards delivering first gas from the licence before the end of 2018. We look forward to updating shareholders on our progress at South Disouq over the coming months.”

About SDX

SDX (TSXV, AIM: 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.


Origine : Communiqué SDX

Voir la fiche entreprise de "SDX"



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