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    SDX Energy: Update on drilling operations in Morocco

    10 Jan 2018

    SDX Energy Inc has announced that the KSR-16 well on the Sebou permit in Morocco has been completed and tested at a restricted average flow rate of conventional natural gas into the sales line of 8.43 million sft3/d. The well has also now been placed on production.

    The drilling rig is in the process of completing the move to the ONZ-7 location and this well is anticipated to spud prior to the week end. An announcement concerning the spud of ONZ-7 is expected to be sent under separate cover when appropriate.

    Paul Welch, President and CEO of SDX, commented:

    'This positive result on KSR-16 again exceeds our expectations for flow rates. It is the highest flow rate of the three successful wells drilled to date and we now have three wells that exceed our existing daily commitments of 6 million sft3/d on a stand-alone basis. We are actively working towards connecting new customers to our existing infrastructure and are now very confident that we can deliver on our forecast gas sales rates of 10 - 11 million sft3/d in 2018.”

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