Paul Welch, chief executive of SDX Energy Inc (LON:SDX, CVE:SDX), tells Proactive Investors he is “excited” to be exploring the prolific Abu Madi trend.
The company, previously named Sea Dragon and before that Centurion, has completed a seismic data acquisition programme over its 55% owned South Disouq acreage in Eqypt’s Nile delta.
Welch adds that, when called Centurion, SDX “made a 500bcf discovery in a field called El Wastani within the same trend, so it’s a trend that we know well, has a lot of potential so that’s why we’re excited to explore it in our own acreage.”
The work was completed under budget and ahead of schedule, which the chief executive adds is a “fantastic achievement”.
