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SDX Energy reveals ONZ-7 well test success

"Today's positive update on ONZ-7 reaffirms our view that the Sebou permit has the potential to be highly cash generative for SDX."

oil and gas operations
SDX is confident it can now meet its production growth target for 2018

SDX Energy Inc (LON:SDX, CVE:SDX) has revealed positive well testing results for the recently drilled ONZ-7 well at the Sebou permit, onshore Morocco.

ONZ-7 achieved an average flow rate of 10mln cubic feet of gas per day during the test. The well will now be prepared for production, with the connection to nearby infrastructure anticipated in the coming days.

READ: SDX Energy kicks off KSS-2 well drilling in Morocco

"Today's positive update on ONZ-7 reaffirms our view that the Sebou permit has the potential to be highly cash generative for SDX,” said Paul Welch, SDX chief executive.

“Furthermore, the maximum flow rate during this test of 15.34MMscf/d is the highest achieved to date in the basin.

“This provides us with further confidence in being able to deliver our gross production target of 8-10MMscf/d of conventional natural gas in Morocco by the end of 2018."

SDX owns a 75% interest in the Sebou permit, where recent drilling activities have yielded a number of positive results.

Ongoing drill programme

The ONZ-7 well was drilled down to a depth of 1,167 metres and uncovered 5 metres of net conventional gas pay, in the Hoot formation, which as the company highlighted, was found to be “on prognosis”. Reservoir quality was reported to be better than the company expected, with porosity measuring 35.3%.

ONZ-7 was followed on the drill schedule by the KSS-2 development well, also at Sebou, where drilling began at the end of last week (and the programme is expected to run for 10-15 days).

Like ONZ-7, the KSS-2 well will be tested and connected to the field infrastructure for production, if drilling is successful.

KSS-2 is the sixth well in a nine well campaign onshore Morocco.

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on 04/08/2019

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