The SDX Energy Company announced a successful two-well drilling campaign in Morocco, from the recently completed SAK-1 and KSR-20 wells, and said it is planning to expand its drilling operations in 2023.
[bs-quote quote=”in addition to opening a new play fairway with numerous follow-on drillable targets, the wells will contribute immediately to production and revenue growth in an area where demand and gas pricing are robust. Morocco remains a key area of potential growth for SDX and we look forward to planning further drilling in 2023″ style=”default” align=”left” color=”” author_name=”Mark Reid” author_job=”CEO of SDX” author_avatar=”” author_link=””][/bs-quote]
To date, over 70 opportunities have been found on Moroccan acreage covered by high-quality 3D seismic, with 25 of them being high-graded and totaling around 20 bcf P50 EUR unrisked, the company noted in a statement.
The SAK-1 well has already been connected to the Company’s infrastructure, and testing results indicate that in-place quantities will be on the higher side of the pre-drill P50 estimate of 0.44 bcf.
The KSR-20 well detected gas in this well-known area and is currently undergoing a pressure build-up test.
SDX is a British MENA-Focused, exploration and production company, listed on the AIM market of the London Stock Exchange.