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Tag: SDX Energy

SDX commissions Sino-Tharwa's rig for exploration well at South Disouq

Posted: February 15, 2018 at 1:44 pm   /   Oil & Gas

SDX Energy announced signing a rig contract for the ST-6 Rig with Sino-Tharwa Drilling Company for the Ibn Yunus-1X exploration well at South Disouq. “The agreement is for four firm wells and one contingent well. Sino-Tharwa’s ST-6 rig is currently drilling for another operator and is anticipated to be released in late February 2018 from […]

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SDX Energy provides update on Egypt operations

Posted: January 26, 2018 at 7:46 pm   /   Oil & Gas

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 […]

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SDX assessing commercial potential of South Ramadan concession in Egypt

Posted: November 23, 2017 at 4:36 pm   /   Oil & Gas

SDX Energy expects to soon conclude a commercial evaluation of the South Ramadan development concession in the Gulf of Suez offshore Egypt. It follows approval this summer of an extension to the drilling commitment by the General Petroleum Co. until October 2018. SDX has assessed the prospectivity of the area and completed development plans. Once […]

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SDX completes work-over programs in Egypt, attributes profit rise to Circle Oil acquisition

Posted: November 22, 2017 at 4:24 pm   /   Oil & Gas

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 […]

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SDX Energy announces oil discovery at Rabul-2 well in Egypt's West Gharib Concession

Posted: October 5, 2017 at 6:56 pm   /   Oil & Gas

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, […]

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SDX Energy fully funded for South Disouq exploration

Posted: September 6, 2017 at 6:12 pm   /   Oil & Gas

Successful equity issue to finance fast-track development and fresh exploration wells at Nile Delta find onshore Egypt. SDX Energy aims to drill two further exploration wells near its South Disouq discovery onshore Egypt where it is now targeting first gas in the first quarter of 2018 after raising cash in a successful equity issue. The […]

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SDX Energy provides Q2 2017 update on Egypt operations

Posted: August 26, 2017 at 12:49 pm   /   Oil & Gas

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 […]

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Paul Welch

SDX to exit South Ramadan, switch focus to South Disouq in Egypt

Posted: July 30, 2017 at 6:05 pm   /   Oil & Gas

AIM-listed player to relinquish South Ramadan asset as it concentrates efforts on South Disouq development. SDX Energy is letting go of an offshore asset in Egypt as the UK-based player looks to concentrate capital in the country on a fast-track gas development in the north. The AIM-listed company held talks this week with its partners […]

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SDX Energy confirms resources for South Disouq discovery, eyes early production

Posted: July 6, 2017 at 2:08 pm   /   Oil & Gas

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 […]

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SDX Energy announces Egypt operational update

Posted: July 5, 2017 at 4:52 pm   /   Oil & Gas

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 […]

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