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SDX Energy Provides Update in Morocco

Source: www.gulfoilandgas.com 6/21/2018, Location: Africa

SDX Energy Inc. (SDX), the North Africa focused oil and gas company, provides the following summary of its recent drilling campaigns in Morocco.

Morocco (75% Working Interest)
• 2017/2018 drilling campaign completed with seven successful wells out of nine drilled;

• The LNB-1 and LMS-1 discoveries have confirmed our views on the prospectivity of the Lalla Mimouna acreage, and opened a sizeable portion of the Rharb Basin to further exploration;

• Currently in the final planning stages of the upcoming 240 km2 Gharb Centre 3D seismic acquisition that will start in early July;

• 12 drill ready gas prospects targeting in excess of 20 bcf (unrisked) of conventional natural gas have been identified across the acreage for a Q1 2019 drilling campaign, to be potentially refined and complemented by the new 3D seismic data; and

• More than 60 further leads have been identified across the Basin, the majority are or will be derisked by our existing or upcoming 3D seismic data coverage, targeting an upside potential of approximately 60 bcf (unrisked) of incremental conventional natural gas prospectivity.

Paul Welch, President and CEO of SDX, commented:
“We are pleased to provide an update on our successful drilling campaigns in Morocco.

In Morocco, we have identified a significant volume of low risk/high value drilling opportunities which we will be targeting in our next drilling campaign during 2019, as we continue to grow our customer base and meet local gas demand. We expect the upcoming 3D seismic acquisition to further derisk this prospectivity and we look forward to the commencement of our drilling campaign in the Spring of 2019.”

For more information about related Opportunities and Key Players visit North Africa Projects

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