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Promising data quality from seismic capture

  • 10 Oct 2016

Promising data quality from seismic capture


SDX Energy PLC (SDX:LON), 18.0

  • Edison
    • Will Forbes

    • 2 pages

Oil & Gas - E&Ps image



 
Oil & Gas - E&Ps image



SDX Energy has announced the initial findings from the seismic data acquired over South Disouq. The first pass (PSTM) post stack time migration has surpassed pre-acquisition expectations, allowing the company to assess horizons not previously assessed, importantly including those that are oil bearing in other blocks. The company expects to continue its assessment of data to refine the numerous prospects and leads already identified before a fully-carried exploration well in late 2016/early 2017. Once a target is identified we expect to update our core NAV (unchanged for the moment at 39p/share). Our RENAV, including a nominal 65mmboe prospect at South Disouq, is 72p/share.


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Promising data quality from seismic capture


SDX Energy PLC (SDX:LON), 18.0

  • Published: 10 Oct 2016
  • Author: Will Forbes
  • Pages: 2
  • Edison


SDX Energy has announced the initial findings from the seismic data acquired over South Disouq. The first pass (PSTM) post stack time migration has surpassed pre-acquisition expectations, allowing the company to assess horizons not previously assessed, importantly including those that are oil bearing in other blocks. The company expects to continue its assessment of data to refine the numerous prospects and leads already identified before a fully-carried exploration well in late 2016/early 2017. Once a target is identified we expect to update our core NAV (unchanged for the moment at 39p/share). Our RENAV, including a nominal 65mmboe prospect at South Disouq, is 72p/share.



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