SDX: Operations Update

SDX Energy | Published on 06/07/2017

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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