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SDX Energy puts expectation-beating Morocco well into production

“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 MMscfd on a stand-alone basis"
oil and gas operations
KSR-16 flowed at a rate of 8.43mln cubic feet of gas per day

SDX Energy Inc (LON:SDX, CVE:SDX) told investors that it has now put the KSR-16 well, at the Sebou project onshore Morocco, into production.

The well yielded a restricted production rate of 8.43mln cubic feet of gas per day, which is the best result of the three recent new wells at the project.

READ: SDX Energy updates on Morocco well operations

Next, the company is preparing to drill at the ONZ-7 location. Drilling operations are expected to start before the end of this week.

Paul Welch, SDX Energy chief executive, said: “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 MMscfd on a stand-alone basis.

READ: SDX Energy kicks off well operations on ELQ-1 in Morocco

“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 MMscfd in 2018."

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