Target sands eroded at Hanut; good quality sands in another zone, but not gas bearing
The target Basal Kafr El Sheikh sands had been eroded at the drilling location, hence the target reservoir was not present. Good quality sands were encountered at the Qawasim, however, these were not charged with gas.
Limited impact upon remaining identified resource potential
The Hanut prospect was a unique feature and SDX considers the result will have limited impact on the remaining ~90-100bcf prospecti ....
18 Aug 2021
Hanut exploration well unsuccessful
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Hanut exploration well unsuccessful
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.47m
- Published:
18 Aug 2021 -
Author:
Martin Thomas MT -
Pages:
12
Target sands eroded at Hanut; good quality sands in another zone, but not gas bearing
The target Basal Kafr El Sheikh sands had been eroded at the drilling location, hence the target reservoir was not present. Good quality sands were encountered at the Qawasim, however, these were not charged with gas.
Limited impact upon remaining identified resource potential
The Hanut prospect was a unique feature and SDX considers the result will have limited impact on the remaining ~90-100bcf prospecti ....