AIM-listed SDX Energy, the MENA-focused energy company, has announced the spudding of the MA-1X exploration well (SDX WI 67%), targeting the Mohsen prospect in the Exploration Extension Area of South Disouq. MA-1X spudded on 21 May 2022 and is expected to reach TD in approx. three weeks. The primary target is the basal Kafr El Sheikh sand at around 5,730 ft TVDSS. The well is targeting an estimated gross unrisked P50 EUR of 21 Bcf and has a 45% chance of success.
Mark Reid, CEO of SDX, commented:
'I am pleased to announce the spudding of MA-1X, the third and final well in the 2022 South Disouq drilling campaign. This well is targeting the basal Kafr El Sheikh play, where we have had five successful wells to date in the Ibn Yunus, Sobhi and Warda fields. I look forward to updating the market with the results of this well in due course.'
Source: SDX Energy