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SDX Energy confirms KSR-15 well is now in production

"This positive result reaffirms our ability to deliver increased rates to our customers in 2018,” said Paul Welch, SDX chief executive

oil and gas operations
The KSR-15 well yielded some 7.52mln cubic feet per day in testing

SDX Energy Inc (LON:SDX CVE:SDX) has confirmed that the KSR-15 well, at the Sebou field onshore Morocco, has now been tested and put on production.

The well yielded into the sales line a restricted average rate of 7.52mln cubic feet of gas per day during the testing phase.

READ: SDX Energy unearths another new gas discovery onshore Morocco

"This positive result reaffirms our ability to deliver increased rates to our customers in 2018,” said Paul Welch, SDX chief executive.

“We now have two wells that exceed our existing daily commitments of 6 MMscfd on a stand-alone basis.

“We are now very confident in delivering upon our planned natural gas sales rates of 10-11 MMscfd in 2018. I look forward to reporting on the flow rates of our recently drilled KSR-16 well in due course."

READ: Busy SDX Energy continues to serve up growth catalysts

Meanwhile, the KSR-16 well has now been connected to the production infrastructure, and test production is due to start in the next 10 days.

Drilling operations are now moving on to the ELQ-1 exploration well location, in the Gharb Centre permit.

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Price: 17 GBX

Market: AIM
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on 04/08/2019

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