• Production is slightly over guidance with a particular strong performance at South Disouq.
• Importantly, sales in Morocco are now almost back to pre COVID 19 levels (90%). This is important for cash flow.
• SDX has now mapped additional prospects on the South Disouq license, resulting in gross prospective resources increasing by 139 bcf to 233 bcf.
• Drilling in Egypt is being accelerated to start in 2Q21 with two initial wells targeting 165 bcf, including the new Hanut prospect with 139 bcf ....
05 Oct 2020
SDX Energy (AIM: SDX): Growing the prize, accelerating drilling
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
SDX Energy (AIM: SDX): Growing the prize, accelerating drilling
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.36m
- Published:
05 Oct 2020 -
Author:
Stephane Foucaud -
Pages:
5
• Production is slightly over guidance with a particular strong performance at South Disouq.
• Importantly, sales in Morocco are now almost back to pre COVID 19 levels (90%). This is important for cash flow.
• SDX has now mapped additional prospects on the South Disouq license, resulting in gross prospective resources increasing by 139 bcf to 233 bcf.
• Drilling in Egypt is being accelerated to start in 2Q21 with two initial wells targeting 165 bcf, including the new Hanut prospect with 139 bcf ....