SDX Makes New Egyptian Gas Discovery : EGS

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SDX Makes New Egyptian Gas Discovery

12-April-2018

SDX Energy Incorporation has announced natural gas findings at its Ibn Yunus-1X exploration well at South Disouq in Egypt, Egypt Oil & Gas reports.

SDX drilled the 9068 ft Ibn Yunus-1X well and encountered net conventional natural gas pay of 100.8 feet in the Abu Madi horizon. The horizon had 28.5% average porosity in the pay section.

The Ibn Yunus-1X well came in with a reservoir section exceeding pre-drill quality and thickness expectations.

The Ibn Yunus-1X well is expected to be connected to existing infrastructure located next to SD-1X, the company’s original discovery in the basin. The SD-1X well is expected to start production in the second half of 2018.

“We are extremely encouraged with today’s discovery, our second consecutive discovery at South Disouq. This highly positive drilling result further demonstrates the very significant natural gas potential the licence holds,” SDX CEO Paul Welch said.

“These two successful wells confirm our views of the subsurface geology and demonstrate that we are on course to realise the full potential of the licence. We look forward to updating shareholders on future developments at South Disouq in due course,” he added.

Source: http://egyptoil-gas.com