Gas Discovery Made in Egypt

SDX Energy Inc. announced Thursday that it has made a gas discovery at its Ibn Yunus-1X exploration well at South Disouq, Egypt.

Ibn Yunus-1X was drilled to a total depth of 9,068 feet and encountered 100.8 feet of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5 percent, SDX revealed.

The well will be completed as a producer in the Abu Madi section and then tested after the drilling rig has moved off location. Testing is anticipated to commence between 30 and 45 days after the rig departs, depending on the availability of testing equipment.

After a successful test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SDX discovery in the basin, SD-1X, where production start-up is anticipated in the second half of 2018.

“We are extremely encouraged with today’s discovery, our second consecutive discovery at South Disouq,” Paul Welch, president and CEO of SDX, said in a company statement.

“This highly positive drilling result further demonstrates the very significant natural gas potential the license holds,” he added.

SDX holds a 55 percent working interest in, and operatorship of, the South Disouq concession.


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