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Oil potential at South Disouq an 'unexpected but fantastic find', says SDX boss

SDX Energy Inc (LON:SDX, CVE:SDX) has announced that the quality of new 3D seismic data, covering 300 square kilometres of the South Disouq concession, has surpassed expectations and is allowing the group to see additional exploration targets.

Chief executive Paul Welch tells Proactive: "The data's revealed something that was unanticipated in that we can see deeper horizons that we feel are oil-prone in the Abu Roash and AEB formations."

Welch adds: "We arrived at this acreage focused on shallower horizons but based on the quality of the seismic data we see oil potential on the block which is fantastic news and something that wasn't anticipated originally."

Quick facts: SDX Energy Inc

Price: 17.45 GBX

Market: AIM
Market Cap: £35.84 m

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SDX Energy sets timeline for TSX delisting and provides update on South Disouq

SDX Energy (CVE:SDX-LON:SDX) President and CEO Paul Welch joined Proactive Investors Steve Darling on Skype to update the timing of their delisting from the Toronto Stock Exchange and solely list on the AIM market in London. Welch also providing Proactive with an update on their South...

on 04/08/2019

2 min read