SDX Energy completes, tests Sebou permit well

March 21, 2018

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, has announced that the SAH-2 well, on the Sebou permit (SDX 75% working interest) in Morocco has been completed and tested at a restricted rate on a 40/64-in. choke. The well achieved an average flowrate of conventional natural gas of 12.9 MMscfd, with a maximum flowrate during this test of 13.5 MMscfd. The well will now be shut in for several days for a pressure build -- up after which it will be connected to the local infrastructure and placed on test production.

In addition, the LNB-1 well on the Lalla Mimouna permit (SDX 75% working interest) in Morocco has been spud. LNB-1 is the eighth well in the Company's nine-well campaign in Morocco, and the first of two remaining exploration commitment wells to be drilled on the permit in 2018. The well is anticipated to take between 15 and 20 days to drill and, if successful, it will be completed, flow tested and connected to existing infrastructure.

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