SDX Energy announces production test results for South Disouq appraisal well

July 16, 2018

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, has announced that a successful production test has been conducted at its SD-4X appraisal well at South Disouq, Egypt (SDX 55% working interest and operator).

The well flowed at a maximum rate of 30.4 MMscfd during an eight hour clean-up period and was then shut in for eight hours, during which time no pressure decline was observed. Following this, by varying choke sizes the well was flowed for two successive 12-hour periods at average rates of 5.4 MMscfd and 8.6 MMscfd, respectively, and one extended flow period of 24-hr at an average rate of 10.5 MMscfd.

The SD-4X well was subsequently shut in for a pressure build-up of 120 hr, which is currently on-going. At completion of the build-up the downhole pressure gauges will be retrieved and the well suspended prior to being connected to the local production facilities. During testing a total of 23.38 MMscf of conventional natural gas was produced.

In addition, the Company is pleased to announce that the acquisition of 240 km2 of 3D seismic in the Gharb Centre in Morocco has commenced. The seismic acquisition operations are anticipated to take between 45 and 60 days after which the data will be processed and interpreted during fourth-quarter 2018.

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