SDX Energy Announces Gas Discovery at MA-1X Well in the South Disouq Concession

Source: 6/8/2022, Location: Africa

SDX Energy Plc (SDX), the MENA-focused energy company, is pleased to announce a gas discovery at the MA-1X well that targeted the Mohsen prospect, within the Exploration Extension Area of South Disouq.

MA-1X (SDX WI: 67%) spudded on 21 May 2022 and reached TD at 6,400 feet MD on 31 May 2022. The primary basal Kafr El Sheikh target was encountered at 5,762 feet MD and discovered 56.3 feet of net pay gas sand with an average porosity of 31.9%. MA-1X will now be completed and tested, with the results of the test being communicated in due course.

MA-1X is the third and final well of the 2022 South Disouq drilling campaign.

Mark Reid, CEO of SDX, commented:

"I am very pleased to announce the success of the MA-1X exploration well. The Mohsen discovery, which is the third success, and the largest target out of the three wells drilled in 2022 with a pre-drill gross P50 EUR of 21 Bcf, demonstrates the continuing potential of the South Disouq asset. I am looking forward to providing a further update in the coming weeks after the well has been tested and we have further evaluated what the discovery could mean for the wider prospectivity of this acreage."

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