SDX Energy’s Sobhi well set to produce 10-12 mcf / d of natural gas - ENTERPRISE

Thursday, 30 April 2020

SDX Energy is expected to produce 10-12 mcf / d of natural gas from its Sobhi well, the company said in a statement (see below). 

The discovery has grown the South Disouq concession’s production capabilities by 50%, putting SDX on track to extract up to 50 mcf / d by 2023. Earlier this month SDX discovered 24 bcf of natural gas at the Sobhi well, marking a “low-cost, highly-cash generative" expansion to the field.

The full statement follows:

SDX ENERGY PLC ("SDX" or the "Company")

SDX Energy begins gas production at Egyptian site - CITY A.M

Tuesday 12 November 2019 12:47 pm

UK oil and gas exploratory firm SDX Energy announced this morning that production had started at the company’s South Disouq concession in Egypt.

Each of the site’s four discovery wells have been tested and gas has been flowing since the 7 November.

All gas production at the site, in which SDX owns a 55 per cent stake, will be sold to Egypt’s national gas company Egas.

The company said that initial flow rates were in line with expectations and that SDX will gradually ramp up production with a view to achieving its targeted production rate of 50m standard feet per day in the first quarter of 2020.

SDX Hits Gas Onshore Egypt - RIGZONE

Monday, July 23, 2018
Andreas Exarheas

North Africa focused oil and gas company, SDX Energy Inc., announced Monday that a gas discovery has been made at its onshore SD-3X well, in Egypt’s South Disouq Concession.

The well was drilled to a total depth of 7,842 feet and encountered 32.6 feet of net conventional natural gas pay in the Abu Madi and Kafr el Sheik horizons, SDX said in a company statement. SD-3X will now be completed as a producer in the Abu Madi horizon and then tested after the drilling rig has moved off location.

“The discovery of gas in both the Abu Madi and Kafr el Sheik horizons is a very positive outcome for the SD-3X well,” Paul Welch, president and CEO of SDX, said in a company statement.

“We will now analyze the data from all four wells drilled in the South Disouq campaign, as well as reprocessing and inverting the existing 3D seismic we have on the concession. Upon interpretation of this data, and completion of the new 3D survey later this year, we expect to identify further Abu Madi and Kafr el Sheik prospectivity for drilling in 2019 and 2020,” he added.

SDX flows gas from new well in Egypt - ENERGY VOICE

16/07/2018 6:14 am
Allister Thomas

London-listed SDX Energy has had a successful production test from an appraisal well in South Disouq, Egypt.

The SD-4X well flowed for two successive 12-hour periods at 5.4 and 8.6million standard cubic feet of gas (MMscfd) respectively.

It later had an extended 24-hour flow at 10.5MMscfd.

SDX has a 55% working interest and said the well gives it “additional confidence” to deliver a peak production rate of 50MMscfd in South Disouq.

President and CEO Paul Welch said: “We are very pleased to report another successful production test result, at our SD-4X appraisal well in South Disouq.

“We intend to connect this well to infrastructure located adjacent to our SD-1X discovery over the coming months.

“We are targeting a late Q4 2018 start-up of production in South Disouq and this well test result provides us with additional confidence to deliver on our planned plateau rate of 50 MMscfd of conventional natural gas.”

Energy group DEA to invest $500 mln in Egypt oilfields - REUTERS

CAIRO, FEBRUARY 11, 2018 / 9:46 AM

Energy group DEA plans to invest nearly $500 million in developing its oilfields in Egypt over the next three years, its chief executive office said.

“We intend to pump around $500 million over the next three years in Egypt to develop the West Delta, DIsouq and the Gulf of Suez fields,” Maria Moraeus Hanssen told journalists in Cairo on Saturday evening.

The Hamburg-based company has been involved in exploration and development for oil and gas in Egypt since 1974. It is a partner of BP in the West Nile Delta gas fields.

SDX Energy, Operational Update - SDX ENERGY

JULY 5, 2017

SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, is pleased to provide an operational update.
Egypt

South Disouq (55% Operated working interest)
Following the successful drilling of the SD-1X exploration well and resulting natural gas discovery at South Disouq, a Resources Update was prepared on behalf of SDX by Gaffney, Cline & Associates (GCA), an independent global oil & gas consultancy. The Company is pleased to announce the initial results shown below using Canadian NI-51-101 Reporting designations:

SDX Energy announces well test results at South Disouq discovery - WORLD OIL

5/29/2017

LONDON -- SDX Energy Inc., the North Africa focused oil and gas company, is pleased to announce the results of the well test conducted on the SD-1X well following the recent natural gas discovery at South Disouq, Egypt, where the Company has a 55% Operated working interest.

The SD-1X well was drilled to a TD of 7,777 ft, and encountered 82 ft of net pay with an average porosity of 25% in the Abu-Madi section.

Well test operations have now commenced and the well has successfully flowed dry natural gas at a stabilised rate of 25.8 MMscfd on a 48/64-in. choke. This flow rate exceeded initial expectations and was limited by the surface facilities put in place to test the well. The well has now been shut in for an initial build-up after which a series of additional flowing periods will be conducted and fluid samples taken. 

South Disouq Deep Well Result - SDX ENERGY

5 May, 2017 SDX ENERGY INC. 

Completion of drilling campaign at successful SD-1X well SDX Energy Inc. (TSXV, AIM: SDX), the North Africa focused oil and gas company, announces that drilling on the SD-1X well at its South Disouq concession in the Nile Delta area of Egypt has now reached its second target depth. 

Following the significant natural gas discovery in the upper Abu-Madi section, where the well encountered 65 ft. of net pay section with an average porosity of 25%, drilling continued with the SD-1X well which was subsequently targeting oil from the deeper Cretaceous horizons. 

ENERGY BRIEF EGYPT Weekly Publication Issue 23 - April 18-20 2017 - EGYPT OIL & GAS (EOG)

ENERGY BRIEF EGYPT - EOG Weekly Publication - Issue 23 - April 18-20 2017 - DOWNLOAD HERE

SDX Energy set to acquire Circle Oil’s Egypt and Morocco assets - PROACTIVE INVESTORS

12 Jan 2017, 07:24 

“Circle's assets present an attractive opportunity to add material production and reserves at an attractive price,” says SDX Energy boss Paul Welch.

SDX has 30 days of exclusivity to finalise a deal
SDX Energy Inc (LON:SDX, CVE:SDX) revealed it has agreed to acquire the Egyptian and Moroccan assets of failed AIM firm Circle Oil.

A non-binding heads of terms agreement has been signed, and it gives SDX 30 days exclusivity to finalise a deal.

Circle Oil’s AIM quoted shares were suspended in June amid financial turmoil and its investors were warned a number of times through the second half of 2016 that there would be ‘little or no value left’ for equityholders.