Proactive Investors
By Alliance
North Africa-focused oil & gas company SDX Energy Inc said on Monday it has spud the ONZ-7 development well on the Sebou permit in Morocco.
The well is the fifth in SDX’s nine-well compaign and is expected to take 10 to 15 days to drilled, after which it is expected to be completed, flow tested and connected to the existing infrastructure.
Shares in SDX Energy were up 2.0% at 52.00 pence on Monday.
By Dayo Laniyan; dayolaniyan@alliancenews.com
