SDX announce gas discovery at KSR-14 development well in Morocco

bg box1 paul welchPaul Welch, President and CEO of SDX. (Image source: SDX Energy)Further to the spud announcement on 18 September 2017, SDX Energy Inc., the North Africa focused oil and gas company, has announced that a gas discovery has been made at its KSR-14 development well on the Sebou permit in Morocco, of which SDX has a 75 per cent working interest

The KSR-14 well was drilled to a total depth of 1830 metres and encountered 20 metres of net conventional natural gas pay in the Guebbas and Hoot formations over 4 intervals. The initial results have exceeded pre-drill estimates, and work is currently underway to further evaluate the well’s accurate recoverable volume estimate.

Once the drilling rig has left the location, SDX expects that the well will be connected to the existing infrastructure and produced. The well is anticipated to be on production in approximately 30 days.

Paul Welch, President and CEO of SDX, commented: "This positive result follows the Company’s recent oil discovery at our West Gharib Concession in Egypt and demonstrates the real momentum developing across our portfolio. This outcome in Morocco is an excellent start to our nine well programme, where we are targeting an increase in our local gas sales volumes in Morocco by up to 50 per cent. I look forward to reporting on the flow rates from today’s KSR-14 discovery and last week’s Rabul 2 discovery in the near term along with updating our shareholders on further progress on our South Disouq Development activities in due course.”

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