SDX Energy is pleased to welcome Timothy Linacre, as an Independent Non-Executive Director, to the Board of Directors with immediate effect. Tim will become Chairman of the Audit committee and join the Compensation Committee. David Richards, Non-Executive Director and previous Chairman of the Audit Committee, will retire from the Board also with immediate effect. Timothy Linacre Tim is a Fellow of the Institute of [...]
Prior to today's update for sell-side and industry analysts, SDX Energy Inc. provides the following summary of its recent drilling campaigns at South Disouq and in Morocco. The presentation to be used at today's update can be found on the Company's website. Egypt - South Disouq Concession Three successful wells out of four drilled so far; SD-1X and SD-4X discoveries confirmed prospectivity in the Abu Madi horizon, and [...]
SDX Energy is pleased to announce that a gas discovery has been made at its SD-4X well in the South Disouq Concession. The SD-4X well was drilled to a total depth of 7806 feet and encountered 89 feet of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 24%. The well came in on prognosis with a reservoir section of similar quality but thicker than the original [...]
SDX Energy is pleased to announce that it has spud its SRM-3 appraisal well at South Ramadan. The SRM-3 well is the last remaining commitment well on the South Ramadan concession. The well is anticipated to take up to 90 days to drill and complete. Based upon the results of this well the Company will decide how best to optimise its position in the licence. SDX SDX is an international oil and gas exploration, production [...]
SDX Energy, the North Africa focused oil and gas company, is pleased to announce that it has spud its SD-4X appraisal well at South Disouq, Egypt . The SD-4X well is the first of two planned appraisal wells in the Company's 2018 drilling campaign at South Disouq. The well is anticipated to take up to 30 days to drill and if successful, will be completed, flow tested and connected to the infrastructure being developed at [...]
SDX Energy Inc. announces that the Kelvin-1X exploration well at South Disouq, Egypt has been drilled to a total depth of 8075 feet, encountering 606 net feet of high quality reservoir interval in the Abu?Madi formation with an average porosity of 21%. However, the sands had low gas saturation and were not deemed to be commercial. The well will now be plugged and abandoned, and the rig will move to the site of the next [...]
SDX Energy is very pleased to announce the positive results of the well test conducted on the Ibn Yunus 1X well following the recent conventional natural gas discovery at South Disouq. The Ibn Yunus 1X well was drilled to a total depth of 9,608ft, and encountered 100.8 ft. of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%. Well test operations have now [...]
596/2014 . , May 17, 2018 /CNW/ - SDX Energy Inc. , the North Africa focused oil and gas company, is pleased to announce its financial and operating results for the three months ended March 31, 2018. All dollar values are expressed in United States dollars net to the Company unless otherwise stated. Highlights - three months ended March 31, 2018 Corporate and Financial SDX's key financial metrics for the three months [...]
SDX Energy will host a call for private investors at 9am on Friday 18 May 2018. Management will provide an operational update on its Egyptian and Moroccan assets on the call. If you would like to participate in the event, please contact Ollie Mills at Celicourt Communications via email at OMills@celicourt.uk About SDX SDX is an international oil and gas exploration, production and development company, headquartered in [...]
SDX Energy is pleased to announce that it has spud its Kelvin-1X exploration well at South Disouq. Kelvin-1X is the second well in the Company's 2018 four well exploration and appraisal drilling campaign at South Disouq and is designed to prove up what the Company believes to be potentially material upside within the concession. The well is anticipated to take up to 30 days to drill and if successful, will be completed [...]
SDX Energy Inc. is pleased to announce that a conventional natural gas discovery has been made at its LMS-1 exploration well on the Lalla Mimouna permit in Morocco. The LMS-1 well was drilled to a total depth of 1158 meters. The primary target was in the H-9 sequence which is a Miocene aged shallow marine deposit that had not been previously tested in the area. The well encountered 16.4 meters of net conventional gas pay [...]
SDX Energy has spud its LMS-1 exploration well on the Lalla Mimouna permit in Morocco. LMS-1 is the final well in the Company's nine well drilling campaign in Morocco. The well is anticipated to take 15 to 20 days to drill and if successful, it will be completed, flow tested and connected to existing infrastructure. About SDX SDX is an international oil and gas exploration, production and development company [...]