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Thursday, 15 March 2018

SDX announces oil discovery in West Gharib

SDX Energy announced making an oil discovery at its Rabul 5 Well in the West Gharib Concession. SDX controls 50% of working interest and is joint operator in the well. “Further evaluation of the discovery is ongoing, after which the Company expects the well to be completed as a producer and connected to the central processing facilities at Meseda.” CEO Paul Welch says, “We have further drilling activity planned for the concession over the coming months and we firmly believe that these activities will enable us to increase output from the licence and achieve our ambitious production plans for 2018.”

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