Proactive Investors
Jamie Ashcroft
“We are very pleased to have reported a strong flow test result from our SAH-2 well in Morocco,” said Paul Welch, SDX chief executive.
SDX is now drilling the eighth well in a nine-well campaign.
SDX Energy Inc (LON:SDX, CVE:SDX) told investors it has successfully completed the SAH-2 well on the Sebou permit onshore Morocco for production which will begin in a few days.
The company said that the well achieved an average flow rate of conventional natural gas of 12.9mln cubic feet per day, seeing a maximum rate of 13.5mln cubic feet per day.
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It is expected that the well will come online for test production after a brief shut-in period, to build up pressure.
Additionally, the company revealed that drilling has now begun for the LNB-1 well at the Lalla Mimouna permit. It is the eighth well in SDX Energy’s nine well drill campaign in Morocco.
The new well is the first of two that are being drilled as ‘commitment wells’ which secure the company’s claim to the Mimouna acreage and the programme is expected to take 15-20 days.
“We are very pleased to have reported a strong flow test result from our SAH-2 well in Morocco,” said Paul Welch, SDX chief executive.
“This positive outcome underpins our guidance of gross production target of 8-10mmscf/d of conventional natural gas in Morocco by the end of 2018.”
Welch added: “The LNB-1 exploration well represents an excellent exploration opportunity for us in Morocco. Success in LNB-1 will open up a large section of new acreage for development in the Gharb Basin, potentially allowing us to expand our overall production footprint in Morocco.
“We look forward to updating our stakeholders on the result in due course.”
