by Andreas Exarheas
Tuesday, January 23, 2018
SDX Energy makes a gas discovery at its ONZ-7 development well, located on the Sebou permit in Morocco.
North Africa focused oil and gas company, SDX Energy Inc, has made a gas discovery at its ONZ-7 development well, located on the Sebou permit in Morocco.
Drilled to a total depth of 1,167 metres, the ONZ-7 well encountered five meters of net conventional natural gas pay in the Hoot formation. Reservoir quality at the well exceeded initial expectations, SDX stated, encountering porosity in the pay section of 35.3 percent.
The well will now be completed, tested and connected to existing infrastructure. SDX expects to provide a further update on testing results in early February.
“We are very excited to be able to announce another discovery, the fourth from five wells drilled to date in our nine well Moroccan campaign,” Paul Welch, president and CEO of SDX, said in a company statement.
“For this well we used our own high-resolution 3D seismic data, as we have for the other successful wells and as we will for the remainder of the campaign. We look forward to updating all our stakeholders on the progress of our KSS-2 prospect, the next well to be drilled,” he added.
Oil and gas analysts at GMP FirstEnergy said market reaction to SDX’s latest well result was good.
SDX has a 75 percent working interest in the Sebou concession.
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