SDX Energy to Drill Three Wells in Egypt

Sunday, 2nd February 2020

SDX Energy Plc announced on January 28 that it plans to commence drilling three new wells at South Disouq and West Gharib concessions, according to the company’s statement.

SDX is going to drill two wells at South Disouq concession, in which it holds 55% working interest. The first exploration well, Salah, will be drilled in mid/late of February and is expected to be completed in April. In addition to that, the company has estimated that the well will have around 71 billion cubic feet of equivalent (bcfe) of natural gas.

The second well, Sobhi, is anticipated to be drilled in late April/early May and completed in early June. SDX is targeting to reach approximately 33 bcfe of natural gas.

Furthermore, SDX is planning to drill a third well at the West Gharib concession, where it holds 50% working interest, in early February. This appraisal well will be drilled in the Rabul area. If successful, the well is anticipated to hold about 200-300 barrels per day of oil (bbl/d).

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