SDX Energy provided new production guidance of 6,750–7,000boepd for 2020, representing an increase of c 70% on 2019 rates as the company expects to see the benefit of full year production from South Disouq. The field continues to deliver at a stabilised rate of c 50mmscfed. Meanwhile the Moroccan drilling campaign has added 3.3–4.4bcf of management estimated gross reserves from six successful wells, with the remaining wells including a number of higher risk/reward options. SDX will now focus on ....
29 Jan 2020
FY20 guidance reflecting increased production
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FY20 guidance reflecting increased production
SDX Energy PLC (SDX:LON) | 3.6 0 0.0% | Mkt Cap: 7.36m
- Published:
29 Jan 2020 -
Author:
Carlos Gomes -
Pages:
8
SDX Energy provided new production guidance of 6,750–7,000boepd for 2020, representing an increase of c 70% on 2019 rates as the company expects to see the benefit of full year production from South Disouq. The field continues to deliver at a stabilised rate of c 50mmscfed. Meanwhile the Moroccan drilling campaign has added 3.3–4.4bcf of management estimated gross reserves from six successful wells, with the remaining wells including a number of higher risk/reward options. SDX will now focus on ....