• Production continues to be high with 1H21 production around the top end of the FY21 production guidance. Given the upcoming drilling programme at West Gharib and the tie-in of the IY-2 well to maintain 45 mmscfe/d at South Disouq, the company’s FY21 production guidance appears conservative.
• In Egypt, the IY-2 well encountered 40.5 feet net-pay of high-quality gas-bearing sands, near the base of the Kafr El Sheikh formation. The well was targeting 5-10 bcf of incremental reserves (£0.01 per s ....
13 Jul 2021
SDX Energy (AIM: SDX): Strong production in 1H21. Encouraging well result in Egypt
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SDX Energy (AIM: SDX): Strong production in 1H21. Encouraging well result in Egypt
SDX Energy PLC (SDX:LON) | 3.6 0 1.4% | Mkt Cap: 7.36m
- Published:
13 Jul 2021 -
Author:
Stephane Foucaud -
Pages:
5
• Production continues to be high with 1H21 production around the top end of the FY21 production guidance. Given the upcoming drilling programme at West Gharib and the tie-in of the IY-2 well to maintain 45 mmscfe/d at South Disouq, the company’s FY21 production guidance appears conservative.
• In Egypt, the IY-2 well encountered 40.5 feet net-pay of high-quality gas-bearing sands, near the base of the Kafr El Sheikh formation. The well was targeting 5-10 bcf of incremental reserves (£0.01 per s ....