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Tag: SDX Energy

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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SDX Energy reports successful SD-1X well test at South Disouq, confirms significant natural gas discovery

Posted: May 30, 2017 at 5:07 pm   /   Oil & Gas

Result of Flow Test at SD-1X Discovery: Confirmation of significant natural gas discovery. SDX Energy Inc., the North Africa focused oil and gas company, announced the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disouq, Egypt where the Company has a 55% Operated working interest. […]

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SDX announces Q12017 financial & operating results, sets out North African growth plans

Posted: May 24, 2017 at 4:43 pm   /   Oil & Gas

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 […]

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SDX Energy assessing next move in Egypt's South Ramadan offshore block

Posted: May 23, 2017 at 5:04 pm   /   Oil & Gas

SDX Energy has completed a review of the prospectivity in the South Ramadan development concession in the Gulf of Suez, offshore Egypt. The company has begun evaluating the project economics, and has asked the government for an extension in order to fulfill its drilling commitment. Any drilling would occur most likely in 2018. In March […]

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SDX Energy announces completion of drilling campaign at successful SD-1X well in South Disouq onshore Egypt

Posted: May 5, 2017 at 4:20 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced that drilling on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt has now reached its second target depth. Following the significant natural gas discovery in the upper Abu-Madi section, where the well encountered 65 ft. of […]

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SDX Energy reports gas discovery at South Disouq onshore Egypt

Posted: April 18, 2017 at 1:21 pm   /   Oil & Gas

Update on SD-1X well: Gas discovery at initial target depth, drilling continues to lower horizon. SDX Energy has announced that drilling on the carried SD-1X well at its South Disouq concession, where it holds a 55% equity interest and is operator in the Nile Delta area of Egypt has reached its first target depth. The […]

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Egypt is one of the most attractive markets for independent oil companies

Posted: March 22, 2017 at 8:16 pm   /   Oil & Gas

That is the view taken by Gulf News, which said that the country is seeing the biggest wave of independents flocking to it in the Middle East. “Egypt is a well-known petroleum province, with a robust local oilfield services market, and strong infrastructure to capture all new production,” the newspaper says. The country has enabled […]

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SDX Energy commences drilling operations at South Disouq

Posted: March 20, 2017 at 2:10 pm   /   Oil & Gas

SDX Energy, the North Africa focused oil and gas company, has announced the commencement of drilling operations on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt. The well is targeting gas in the upper Abu Madi section and oil in the lower AEB & Abu Roash sections.  Drilling […]

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SDX Energy issues update on South Disouq Drilling Activity

Posted: March 1, 2017 at 5:15 pm   /   Oil & Gas

Location construction completed and rig mobilisation underway. SDX Energy Inc., the North Africa focused oil and gas company, is pleased to update the market on its indicative drilling timetable on South Disouq. SDX can confirm that well location construction has been completed and that the Sino-Tharwa 6 drilling rig is currently being mobilised to the […]

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