SDX spuds South Ramadan SRM-3 appraisal well offshore Egypt
South Ramadan commitment well under way offshore Egypt
SDX Energy says drilling has started on the SRM-3 appraisal well in the Gulf of Suez offshore Egypt (SDX 12.75% non-operated interest). SRM-3, the last remaining commitment well on the South Ramadan concession, should take up to 90 days to drill and complete. Based on the results, SDX said it would determine how best to optimize its position in the license.
Spud of SRM-3 appraisal well, Egypt
SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce that it has spud its SRM-3 appraisal well at South Ramadan, Egypt (SDX 12.75% working interest and non- operator). 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.