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Published on: April 19, 2017

Looking Good on SD-1X Well

SDX Energy has provided an update on its SD-1X exploration well in the South Disouq licence where it has a 55% operated working interest. The initial indications are encouraging with the well reaching its first target in the Abu Madi interval. The well has encountered 65 foot of net pay containing natural gas which is in line with predrill expectations where pre-drill estimates of gross mean prospective resources were 490 BCF of gas and 16.3 mmbbl of condensate. Although more needs to be done to determine the actual volume discovered, this discovery should provide a material boost to the group’s reserve base and be significant for shareholders.

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