SDX Energy provides update on drilling operations in Morocco

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is today providing an update on its operations in Morocco.

The KSR-16 well has been connected to the sales line and flow testing is expected to commence early next week. The Company will update the market on the results in due course.

In addition, SDX has been granted a four-month extension to its Lalla Mimouna permit, through to July 22, 2018. This will allow the Company sufficient time to evaluate the results of its upcoming exploration drilling campaign on the permit, which is expected to take place in March 2018.

Following the recent announcement of its spud, the ELQ-1 well in the Gharb Centre permit has been drilled to a total depth of 1484 meters and has encountered 22.6 net meters of reservoir interval and two meters of marginal net conventional gas pay, in the Hoot formation. Management are of the view that the intervals are not sufficiently commercial to complete the well. As such, the well will be plugged and abandoned and the drilling rig will move to the ONZ-7 development location.