SDX Finds Gas in Sebou, Morocco

North Africa-focused upstream minnow SDX has found gas with its KSR-14 development well at the Sebou permit in Morocco. The well was drilled to a total depth of 1,830 metres and encountered 20 m of net conventional natural gas pay in the Guebbas and Hoot formations over four intervals. The initial results have exceeded pre-drill estimates and work is underway to evaluate further the well's accurate recoverable volume estimate, SDX said on October 11.

Once the drilling rig has left the location, SDX expects to connect the well to the existing infrastructure and begin production in the next 30 days. SDX has a 75% working interest in the project.

SDX CEO Paul Welch said the positive result "follows the company's recent oil discovery at our West Gharib Concession in Egypt and demonstrates the real momentum developing across our portfolio. This outcome in Morocco is an excellent start to our nine well programme, where we are targeting an increase in our local gas sales volumes in Morocco of up to 50%. I look forward to reporting on the flow rates from today's KSR-14 discovery and last week's Rabul 2 discovery in the near term, along with updating our shareholders on further progress on our South Disouq Development [Nile Delta] activities in due course."

William Powell