SDX Cheered by Latest South Disouq Test
AIM and Toronto-listed independent SDX Energy said August 17 a production test at South Disouq in Egypt exceeded its expectations. The firm operates South Disouq with a 55% stake.
The SD-3X appraisal well flowed at a maximum rate of 16.1mn ft3/d and subsequently for an extended flow period of 12-hours at an average rate of 10.5mn ft3/d.
CEO Paul Welch said: “We are now very confident that we can achieve the peak rates at the planned facility at South Disouq of 60mn ft3/d of conventional natural gas with our current well stock. We intend to connect this well to infrastructure located adjacent to our SD-1X discovery over the coming months. We are targeting a late Q4 2018 start-up of production in South Disouq.”
The company’s 2Q results will be issued August 28.