SDX Energy announces successful MSD-19 well in West Gharib Concession
SDX Energy, the North Africa focused oil and gas company, has announced that the MSD-19 development well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator) has encountered a commercial oil accumulation. The well was drilled to a total depth of 4,665 feet and encountered approximately 135 feet of net […]
SDX Energy announces Egypt operational and corporate update
Highlights Development of South Disouq (SDX 55% working interest and operator) continues on schedule and on budget, with factory acceptance tests for the central processing facility (“CPF”) and compressor, the first of three project milestones, now successfully completed. Both pieces of equipment are now commencing the process of being shipped to Egypt with a view […]
SDX makes new oil discovery in Egypt’s West Gharib concession
SDX Energy Inc., London, encountered 134 ft of net heavy oil pay across the Lower Miocene age Yusr and Bakr formations, with an average porosity of 18%. Drilled to 5,323 ft TD, the Rabul-7 development well in the West Gharib concession in Egypt was completed as a producer, connected to the central processing facilities at […]
SDX Energy provides update on Egypt operations
SDX Energy, the North Africa focused oil and gas company, has provided a 2018 operational outlook statement prior to Tuesday’s site visit for sell-side and industry analysts in Morocco. Egypt – Meseda Concession (50% Working Interest/19.25% Economic Interest) 2018 gross production guidance is increased to 3,800bopd. SDX plans to drill four wells in 2018. Two […]
SDX completes work-over programs in Egypt, attributes profit rise to Circle Oil acquisition
SDX Energy announced completing a number of projects in Egypt during 3Q2017. The company concluded a twelve-well work-over program at North West Gemsa, which should allow it to achieve its 5,000 boepd target for the year, in addition to finalizing the expansion of a processing facility at its Meseda project by increasing treatment capacity to […]
SDX Energy announces oil discovery at Rabul-2 well in Egypt's West Gharib Concession
SDX Energy, the North Africa focused oil and gas company, has announced that an oil discovery has been made by the Rabul-2 well in the West Gharib Concession in Egypt (SDX 50% Working Interest & Joint Operator). The well encountered approx. 101.5 feet of net heavy oil pay across the Yusr and Bakr sand formations, […]
SDX Energy provides Q2 2017 update on Egypt operations
SDX Energy, the North Africa focused oil and gas company, has announced its operating results for the three and six months ended June 30, 2017. Operational Highlights The Company’s share of production from its operations for the six months ended June 30, 2017 was 3,351 boepd analysed as follows; North West Gemsa 2,170 boepd Meseda […]
SDX Energy confirms resources for South Disouq discovery, eyes early production
South Disouq has 47 BCF of contingent gas resources, as well as a prospective 180 BCF in the ‘best case’. The new resource statement is “an important step” towards the validation of the full potential of the South Disouq field, SDX said. SDX Energy Inc has confirmed the size of the new South Disouq gas […]
SDX Energy announces Egypt operational update
SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update for Egypt. South Disouq (55% Operated working interest) Following the successful drilling of the SD-1X exploration well and resulting natural gas discovery at South Disouq, a Resources Update was prepared on behalf of SDX […]
SDX announces Q12017 financial & operating results, sets out North African growth plans
SDX Energy reported income of US$26.9 million for the first quarter of the year, although this was largely based on its acquisition of Circle Oil’s Egyptian and Moroccan businesses, which provided a US$29.5 million gain. Netbacks from production for the period, meanwhile, were US$6.1 million, generating US$3.1 million of net cash. Setting out its results […]
