SDX Energy confirms significant discovery in South Disouq, Egypt

5/18/2018

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, has announced the positive results of the well test conducted on the Ibn Yunus 1X well, following the recent conventional natural gas discovery at South Disouq, Egypt (SDX 55% working interest and operator).

The Ibn Yunus 1X well was drilled to a TD of 9,608 ft, and encountered 100.8 ft of net conventional natural gas pay in the Abu Madi horizon, which had an average porosity in the pay section of 28.5%.

Well test operations have now commenced and the well has successfully flowed natural gas at a stabilized rate of 39.3 MMscfd on a 32/64-in. choke. This flowrate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken.

Working with its partners, SDX will now aim to bring the discovery into commercial production prior to year-end 2018.

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