Proactive Investors
“We are pleased to be announcing another successful result from our Moroccan drilling campaign,” said chief executive Paul Welch.
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.”
