In Morocco (75%WI, Op), SDX plans a 12 well campaign from 3Q/4Q19 to 1H19. The LNB-1 and LMS-1 wells in Lalla Mimouna will be re-tested, with the remainder of the targets coming from the recently acquired Gharb Centre 3D seismic. SDX anticipates that three of the wells will be completed and connected in 2019 and net 2019 capex will be c. US$8 mm with US$6 mm relating to the wells and US$2 mm to maintenance capex. SDX is targeting gross production of 9-11 mmcf/d.
28 Jan 2019
FLASH: 2019 outlook in Egypt & Morocco
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FLASH: 2019 outlook in Egypt & Morocco
SDX Energy PLC (SDX:LON) | 3.6 0 1.4% | Mkt Cap: 7.36m
- Published:
28 Jan 2019 -
Author:
Stephane Foucaud -
Pages:
2
In Morocco (75%WI, Op), SDX plans a 12 well campaign from 3Q/4Q19 to 1H19. The LNB-1 and LMS-1 wells in Lalla Mimouna will be re-tested, with the remainder of the targets coming from the recently acquired Gharb Centre 3D seismic. SDX anticipates that three of the wells will be completed and connected in 2019 and net 2019 capex will be c. US$8 mm with US$6 mm relating to the wells and US$2 mm to maintenance capex. SDX is targeting gross production of 9-11 mmcf/d.