SDX Energy: South Disouq well spuds

SDX Energy | Published on 20/03/2017

SDX Energy has this morning announced that it has started drilling its first exploration well, SDX-1, on the South Disouq licence which is located onshore Egypt just to the North of Cairo. SDX has a 55% working interest in this licence. This well is probing a significant prospect with gross mean prospective resources of 490 BCF of gas and 16.3 mmbbl of condensate (100 mmboe in total). There is also the potential of deeper oil play in the licence which will also be tested with this well. Success at this well would prove to be transformational in terms of reserves and significant for shareholders. The well is expected to take approximately 30 – 45 days to drill.

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