Egypt Discovers More Gas

Rig

April 17, 2018//-The drilling of the Ibn Yunus-1X exploration well on Egypt’s South Disouq concession resulted in a gas discovery for SDX Energy.

The well was drilled to a total depth of 9,068 ft and encountered 100.8 ft of net conventional natural gas pay in the Abu Madi horizon.

The well came in on prognosis but with a reservoir section that was of better quality and thicker than pre-drill expectations.

The well will be completed as a producer in the Abu Madi section and then tested after the drilling rig has moved off location. The testing is anticipated to commence between 30 and 45 days after the rig departs, depending on the availability of testing equipment.

After a successful test, it is anticipated that the well will be connected to the infrastructure located adjacent to the original SDX discovery in the basin, SD-1X, where production start-up is anticipated in H2 2018.

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