SDX Energy kicks off two-well drill campaign that will further tap potential of Egyptian gas asset
SDX Energy PLC (LON:SDX) on Monday (June 28) kicked off a two-well drilling campaign on its South Disouq gas asset in Egypt.
The first well, IY-2, is a step-out development opportunity targeting the high-porosity and permeability Basal Kafr El Sheikh reservoir at 6,600 feet in the Ibn Yunus Field.
It will take around a month to complete with results expected late “July-early August”. The plan then is to tie it into nearby infrastructure, with production expected late in the third quarter.
The second well in the campaign, the HA-1X, is an exploration opportunity with work getting underway in early August, shortly after the completion of IY-2.
It is targeting gross un-risked mean recoverable volumes of 139bn cubic feet (BCF) of gas with a 33% chance of success.
It is also expected to take around a month to drill with results expected in mid-September.
SDX chief executive Mark Reid said: “After our previous highly successful campaigns at South Disouq, where we have achieved five discoveries from seven wells drilled, I am excited to announce the commencement of our next phase of drilling.”
The company has a 55% working interest in South Disouq and is the operator of the acreage.
Story by ProactiveInvestors
Source: http://www.proactiveinvestors.com/companies/news/953589/sdx-energy-kicks-off-two-well-drill-campaign-that-will-further-tap-potential-of-egyptian-gas-asset-953589.html
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).