SDX Energy completes drilling of MSD-24 well at West Gharib Concession, Egypt
AIM-listed SDX Energy, the MENA-focused energy company, has announced the completion of drilling at the MSD-24 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX WI: 50%). MSD-24 encountered the primary top Asl Formation reservoir at 4,089ft MD (3,276ft TVDSS) and reached a TD of 4,625 feet MD on 5 June 2022. The well […]
SDX Energy commences oil production at MSD-25 well, West Gharib concession
AIM-listed SDX Energy, the MENA-focused energy company, has announced the commencement of oil production at the MSD-25 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-25, which encountered the primary top Asl Formation reservoir at 4,109ft MD (3,361ft TVDSS) and reached 4,385ft TD on 22 February 2022, after drilling through […]
SDX Energy spuds SD-5X well at South Disouq Concession
SDX Energy, the MENA-focused energy company, has announced the spudding of the SD-5X exploration well, targeting the Warda prospect in the South Disouq development lease. SD-5X spudded on 4 March 2022 and is expected to reach TD in approx. three weeks. The primary target, which has already been encountered in the Ibn Yunus and Sobhi field reservoirs, is the basal Kafr El Sheikh sand at […]
SDX Energy completes drilling at the MSD-25 well in West Gharib
AIM-listed SDX Energy, the MENA-focused energy company, has announced the completion of drilling at the MSD-25 infill development well on the Meseda field in its West Gharib concession, Egypt (SDX: 50% working interest). MSD-25 encountered the primary top Asl Formation reservoir at 4,109ft MD (3,361ft TVDSS) and reached a TD of 4,385ft MD. The well encountered 84.8ft of good-quality, […]
SDX announces proposed disposal of 33% of South Disouq for $5 million
AIM-listed SDX Energy, the MENA-focused oil and gas company, has announced the proposed disposal of 33% of the shares in the entity that holds its interests across its South Disouq concession and its intention to initiate a share buyback program of up to US$3.0 million in H2 2022. All monetary values are expressed in United States dollars net to the Company […]
SDX Energy spuds MSD-21 development well at West Gharib concession, Egypt
AIM-listed SDX Energy, the MENA-focused energy company, has announced the spudding of the MSD-21 infill development well on the Meseda field. The well is the first, in a fully funded, 12 well development campaign on the Meseda and Rabul oil fields in the West Gharib concession, Egyptian Eastern Desert. The development drilling campaign is aimed at growing production […]
SDX Energy provides update on drilling operations at Ibn Yunus-2 well in Egypt
AIM-listed SDX Energy, the MENA-focused oil and gas company, has provided an update on drilling operations at the Ibn Yunus-2 well in the South Disouq Exploration Permit onshore Nile Delta, Egypt (SDX 55% working interest). The well was drilled to a measured depth of 8,025 feet, encountering 40.5 feet net-pay of high-quality gas-bearing sands, with […]
SDX Energy starts drilling campaign in South Disouq with spudding of IY-2 well
AIM-listed SDX Energy, the MENA-focused energy company, has announced the commencement of the South Disouq drilling campaign, which will comprise two wells over the next few months. Mark Reid, CEO of SDX, commented: ‘After our previous highly successful campaigns at South Disouq where we have achieved five discoveries from seven wells drilled, I am excited […]
SDX Energy extends Egypt’s West Gharib PSA for ten years to 2031
AIM-listed SDX Energy, the MENA-focused oil and gas company, has received final approval from the Egyptian authorities to extend the Production Services Agreements governing its producing Meseda and Rabul oil fields in its West Gharib concession in Egypt until 9 November 2031. Mark Reid, CEO of SDX, commented: ‘We are very pleased to have secured […]
Gulf Energy pays $1.4 million to North Petroleum for operations at NW Gemsa
Gulf Energy has paid off USD 1.4 million in arrears SDX Energy owed to China’s North Petroleum for production at the North West Gemsa concession, which SDX and North Petroleum were operating together, Al Mal reports, citing an unnamed industry source. SDX sold its 50% working interest in the concession to Gulf Energy last month […]