Published on: July 6, 2017

Operations Update

SDX Energy released an operations update yesterday morning, containing two important elements. Following the discovery at SD-1X, the company has provided a resources update on its South Disouq licence in Egypt, where it has a 55% working interest. Its reserve auditors are estimating 2C resources of 47 BCF of gas and 2.3 mmbbl of condensate while best case additional prospective resources are now estimated at 180 BCF of gas and 8.7 mmbbl. Secondly, the company is also cranking up activity in Morocco where it has now contracted a rig which will drill seven wells to commercialise more gas.

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