SDX achieves significant natural gas discovery in Egypt

SDX EgyptThe company aims to expand its oil and gas portfolio in North Africa. (Image source: Gary Bembridge/Flickr)SDX Energy Inc, North Africa-focused oil and gas company, has announced to achieve positive results of the well test conducted on the Ibn Yunus 1X well following the recent conventional natural gas discovery at South Disouq, Egypt

SDX has 55 per cent working interest and is the operator of the well.

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 per cent.

Well test operations have now commenced and the well has successfully flowed natural gas at a stabilised rate of 39.3mn scf per day on a 32/64 inch choke. This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples were taken.

Working with its partners, SDX will now aim to bring the discovery into commercial production prior to year end 2018.

SDX Energy continues to make oil and gas discovery across the MENA region. Early this month, the company made a conventional natural gas discovery at the LMS-1 exploration well on the Lalla Mimouna permit in Morocco, where the company has 75 per cent stake.

Commenting on MENA's oil and gas exploration, Paul Welch, president and CEO of SDX, said, “The flow test from Ibn Yunus 1X is a very positive outcome which has exceeded our expectations and is a strong endorsement of the significant potential of the licence. We remain optimistic about further positive news flow as we move towards delivering first gas from the licence before the end of 2018. We look forward to updating shareholders on our progress at South Disouq over the coming months.”

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